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2022 News

Advancing Exploration, Strengthening Communities, and Building a Sustainable Future in Laos

Annamite Resources continues to make significant strides across its exploration and community development initiatives in Laos. Since securing tenure on the Sokdee tenement in 2021, the company has advanced both its geological programs and its commitment to supporting local communities. The progress made since early 2022 reflects Annamite’s dedication to responsible exploration, transparent engagement, and long-term value creation.

Groundwork and Early Exploration (2022)

Following the completion of due diligence, settlement of arrears, and acquisition of the tenement-holding company LHBS in late 2021, Annamite commenced on-the-ground exploration activities in February 2022. This marked a significant milestone in the company’s strategic expansion within the region.

Early fieldwork delivered meaningful results. The exploration team:

Collected approximately 1,000 soil samples,

Completed 2,000 metres of diamond drilling,

Mapped large areas of the 50 sq. km Hinherb tenement,

Conducted drone magnetic surveys, and

Performed induced polarization (IP) surveys to refine targets.

These activities established a strong technical foundation for deeper exploration campaigns.

Confirming a 6 km Porphyry Cu–Mo–Au System

One of the most notable achievements to date is the identification of a 6-kilometre-long porphyry system comprising two mineralized centres, including a confirmed porphyry copper-gold-molybdenum prospect.

This major technical advancement represents approximately US$1 million in direct ground exploration activities and positions Sokdee as one of the more promising porphyry-style systems in the regional belt known for world-class Cu-Au-Mo-Ag deposits.

Annamite in the Community

Annamite remains committed to contributing positively to the communities surrounding its project areas. In April 2022, the company donated:

US$2,000 for urgent repairs to the bridge over the Nam Ton River connecting Souanmone and Namthom villages, and

US$3,000 for the construction of two new toilets for students at the Namthom elementary school.

These efforts reflect the company’s belief that responsible exploration must go hand in hand with community well-being.

Plans for 2023: Scaling Up Exploration

Looking ahead, Annamite has outlined an ambitious geological program for the Sokdee Project. Plans include:

Drilling approximately 11,000 metres of RC and diamond drilling,

Investing US$2.5–3 million in exploration activities,

Testing multiple targets within the two main mineralized centres, and

Working toward establishing an in-house resource estimate for at least one of the key prospects.

These next steps are designed to further unlock the potential of the project and progress it toward development readiness.

A Growing Team and Strengthened Management

Annamite’s progress is underpinned by its expanding team. The company began 2022 with just four employees based in Vientiane. By early 2023, this number had grown to 25 full-time employees, including six in the Vientiane office.

The Management Team also welcomed new leadership, including:

Alex Pyng, Chief Financial Officer (based in Singapore), and

Lei Dultra, Communication Officer, supporting strategic communications and stakeholder engagement.

This strengthened structure reflects Annamite’s commitment to building a capable, scalable organization aligned with its long-term growth trajectory.

New Community Development Projects

In January 2023, LHBS/Annamite initiated an estimated US$5,000 community project focused on:

Solid waste management in Namthom, Mouk, Souamone, and Navai, and

Additional community development initiatives to improve public health, cleanliness, and shared infrastructure.

These programs highlight Annamite’s continued effort to uplift environmental conditions and quality of life in its host communities.

The Flagship Sokdee Project

The Sokdee Project remains the centrepiece of Annamite’s exploration portfolio. Its key strengths include:

A 6 km strike length hosting a confirmed porphyry system,

Early drilling results showing potentially economic intersections, and

Proximity to excellent infrastructure, which will support future development with competitive cost structures.

With its strategic location and geological potential, Sokdee is positioned to become a significant copper-gold-molybdenum asset within the region.

Looking Forward

Annamite Resources continues to pursue excellence in exploration while maintaining a strong commitment to sustainability, community partnership, and transparent governance. The achievements from 2022 and the ambitious plans for 2023 demonstrate the company’s determination to create long-term shared value for both stakeholders and surrounding communities.

Annamite Resources, together with its joint-venture partner LHBS, continues to demonstrate its commitment to responsible exploration and community upliftment across the Sokdee concession in Laos. Through targeted infrastructure upgrades, school facility improvements, village development programs, and year-round engagement, the company is actively contributing to the well-being and resilience of the communities surrounding its project areas.

Supporting Critical Infrastructure in Namthom and Souanmone

In April 2022, Annamite/LHBS donated US$2,000 to support the repair of the bridge over the Nam Ton River—an essential link between Souanmone and Namthom villages. This bridge is heavily used by residents, farmers, schoolchildren, and local market suppliers, making its maintenance vital for daily mobility and economic activity.

The contribution ensured that repairs could be completed promptly, improving safety and accessibility ahead of the rainy season when river levels rise and travel conditions worsen.

Improving School Facilities for Local Students

In October 2022, Annamite/LHBS provided an additional US$2,500 to fund the construction of two new toilet blocks at the Namthom Elementary School. Construction remains ongoing, providing much-needed improvements to sanitation facilities, hygiene, and health standards for young students.

This initiative underscores the company’s belief that enhancing educational environments contributes directly to community growth and long-term prosperity.

New Community Development Projects Underway

Before the end of 2022, Annamite/LHBS began preparations for a solid waste management project across the villages of Namthom, Mouk, and Navay. With an initial cost estimate of US$4,500, this program aims to:

Address rising waste challenges

Improve village cleanliness

Reduce pollution

Support healthier living conditions

The project remains under assessment and will be refined in collaboration with village leaders.

Assessment and Improvement of Rural Access Roads

A detailed engineering assessment of rural roads within the southern Hinherb concession was conducted by the Lao Consulting Group. The study explored options to:

Construct new all-weather access roads

Upgrade existing tracks to allow year-round movement

Enhance mobility for local residents

Improve access for exploration teams and contractors

These routes will also serve the Mouk and Namthom prospects for future drilling and construction activities.

Community Contributions and Local Employment in 2022

Throughout 2022, Annamite and LHBS projected a total contribution of US$12,000 toward community development programs in Namthom and surrounding villages. This is in addition to statutory commitments required for development funding.

Between February and November 2022, Annamite also provided casual employment opportunities to residents of Namthom and Navay. Local workers supported activities such as:

Soil sampling

Core cutting and sample preparation

General housekeeping

Site maintenance

These opportunities strengthen local livelihoods while building community participation in exploration activities.

The company plans to continue these programs into late 2022 and throughout 2023.

A Commitment to Sustainable, Inclusive Exploration

The work being undertaken across the Sokdee concession reflects Annamite Resources’ broader mission of pairing responsible mineral exploration with meaningful community partnerships. By investing in infrastructure, education, sanitation, local employment, and environmental management, Annamite and LHBS aim to foster long-term benefits for the villages that host their operations.

As the Sokdee Project progresses, the company remains committed to transparency, collaboration, and sustainable development—ensuring that the communities of Namthom, Souanmone, Mouk, Navay, and surrounding areas continue to share in the positive outcomes of regional exploration.

Chan Mouanmany (Finance & Investor Relations Executive) and Paul Burrell (Chief Geologist) recently travelled to Singapore to join the 121 Mining Investment Conference, held on 6 and 7 October. Chan and Paul staffed the Annamite Resources booth and met nine potential investor representatives in a series of scheduled meetings over the two-day conference. Follow-up sessions with investors, both in person and virtual, are expected over the next fortnight. Our team attended the conference sessions and social events to promote Annamite’s recent 6km long porphyry system discovery at our Sokdee Project.

In parallel Didier Fohlen, CEO of Annamite Resources is working with Minexia/NR Private Market in London and Montpellier Advisory FZE in Dubai to broaden our shareholder base and discuss with private equity funds how they can support our growth.

Annamite Resources Advances Exploration at the Sokdee Project: Expanding Targets, Strengthening Geological Confidence, and Unlocking Long-Term Value in Laos

Annamite Resources continues to strengthen its position as a leading early-stage exploration company in Laos, with significant advancements across its Sokdee Project in the Hinherb Tenement Block. Through ongoing geochemical surveys, drilling, geophysical programs, and target generation, the company is steadily revealing the exceptional potential of a highly prospective and underexplored region within the Loie Belt.

Expanding Targets Across the Hinherb Tenement

Recent technical work has defined multiple high-priority targets within the 37 sq. km Hinherb Tenement Block, including newly identified prospects at Mouk, Mouk West, and along the broader Namthom–Mouk corridor.

Key highlights include:

A total of nine targets generated across the Hinherb Tenement (plus one in Fuang) through geochemistry, mapping, geophysics, and scout drilling.

First results confirming that Mouk hosts a 1,600-metre long untested soil anomaly (Au-Ag-Zn-Cu-Mo), extending the strike of the Namthom porphyry system.

Four targets drilled to date, with additional scout drilling scheduled for Q4 2022.

These findings reinforce the large-scale porphyry potential already indicated at Sokdee.

Low-Cost Exploration During the Monsoon Season

Despite challenging weather conditions, the Annamite team successfully continued low-cost ground operations throughout the monsoon. Work included:

Additional soil geochemical infill sampling,

Geological mapping of priority zones,

Early field checks across newly defined anomalies.

This systematic approach ensures consistent progress while maintaining cost efficiency.

Geophysical Surveys to Advance Understanding of the System

To strengthen subsurface interpretation, Annamite has deployed and planned multiple geophysical programs:

Induced Polarization (IP) Survey

A six-line IP survey is scheduled to begin in early October to:

Understand chargeability of potential mineralized zones,

Define deeper porphyry centres,

Integrate with drilling and geochemical data.

Airborne Magnetic Survey

The company is also preparing a drone airborne magnetic survey aimed at:

Extending current coverage to the north,

Better defining structural controls,

Covering the highly prospective Mouk region.

The combined geophysical results will refine drill targeting for upcoming campaigns.

A Large-Scale Porphyry System Showing Multiple Styles of Mineralization

Annamite’s technical team now believes the Sokdee Project stands out among early-stage Southeast Asian exploration projects due to:

Potentially economic intersections already encountered,

Evidence of three distinct styles of mineralization, including porphyry-related systems,

A system currently mapped at 6 km in strike length.

Based on geochemical halo modelling and structural interpretation, the company believes there may be:

Two additional blind porphyry centres along strike, and

Additional structurally controlled mineralization peripheral to the main Namthom porphyry.

Peripheral targets are likely to advance quickly toward resource definition, while deeper porphyry centres represent major long-term growth opportunities.

Strategic Positioning Within the Loie Belt

The Sokdee Project sits 70 km southwest of:

The Phu Kham copper-gold porphyry mine, and

The Ban Houayxai epithermal deposit—

Both significant deposits within the Loie Belt.

The combination of:

A vastly underexplored region,

Lack of modern exploration,

Strong government engagement,

gives Annamite and its investors a unique first-mover advantage in Laos.

A Long-Term Opportunity for Investors

The continually improving scale and potential of Sokdee make it a compelling opportunity for investors seeking exposure to copper-gold porphyry systems in emerging markets.

To support accelerated exploration efforts, Annamite has launched a new financing round:

US$3 million raise at 12c per share

Funds will be directed toward:

Advancing nearer-term, shallow mineralized targets,

Expanding geochemical and geophysical programs,

Deeper drilling aimed at defining the porphyry centres.

Conclusion: A Standout Early-Stage Project With Major Upside

The Sokdee Project continues to emerge as a standout exploration opportunity within a productive but underexplored mineral belt. With:

Strong technical progress,

Multiple new targets,

Expanding geophysical coverage,

Growing geological confidence, and

A strategic first-mover position in Laos,

Annamite Resources is well positioned to deliver long-term value for shareholders while contributing to the development of the region.

With the completion of a six-month exploration program this year starting with infill soil sampling, a drone aeromagnetic survey and a 1980m scout drilling program Annamite geologists have confirmed an important porphyry discovery and two adjacent associated non-porphyry bodies with a combined strike length of over 6km.

The 2022 exploration program has added considerable value to our company. It is a significant step forward for Annamite and we are excited by these positive developments. We have secured tenure in the project area and have established a unique network of government and business contacts in Laos.

The Sokdee tenement contains the three prospects mentioned previously as well as an additional seven targets, a total of 10. Our 2022-23 exploration program at Sokdee includes multiple short holes along strike into the non-porphyry targets, a few deep holes into the porphyry, drill testing of new soil geochemical targets, additional geophysical surveys, and the generation of inhouse resource estimates.

To that effect, Annamite is launching a private placement round with the support of MINEXIA and the NR Private Market platform. We are looking at raising US$3 million at a share price of 12c US before the end of the year. A 1:12 warrant is also attached to this offer.

For further details on the offer please visit the NR Private Market platform here: https://lounge.nrprivatemarket.com/annamite-resources/



If you have not yet signed up for free access to the platform (https://platform.nrprivatemarket.com/signup) and complete your KYC/AML accreditation. This can take as little as 5 minutes to complete but have a scanned copy of proof of ID (passport) and proof of address (bank statement or utility bill) to upload. Once submitted, background checks can take as little as 20 minutes. Having conducted your own due diligence, the investment process itself can be completed in as little as two minutes.

Annamite Resources continues to strengthen its position as an emerging mineral exploration company in Southeast Asia, following significant progress across its flagship projects in central Laos. With promising geological results, a robust technical team, and strong local partnerships, the company is rapidly advancing toward the next stage of discovery and development.

Recent Exploration Milestones

Annamite Resources has successfully completed a 1,980-meter eight-hole scout drilling program at its Sokdee Project. The drilling followed an extensive technical campaign that included high-resolution mapping, the collection of 530 soil samples, and a drone-based magnetic survey.

Initial results indicate encouraging mineralization consistent with copper-gold-molybdenum-silver-zinc systems, reinforcing the project’s strong geological potential.

With all exploration data now compiled, the Sokdee concession is demonstrating significant multi-metal potential. In response, Annamite is preparing to proceed with a US$3 million private placement scheduled for September–October 2022. Ongoing exploration activities will continue in parallel with fundraising.

Strategic Position in Southeast Asia

Located along the Annamite Mountain Range in Indochina, Laos is one of Asia’s most prospective yet under-explored regions for mineral deposits. Annamite’s portfolio is strategically positioned within this high-potential geological corridor.

The company currently holds two major projects in central Laos:

Sokdee — A porphyry copper-gold-molybdenum system

Sakai — An epithermal gold-silver system

These projects are situated within the Loie Fold Belt, a collisional arc renowned for world-class mining potential. Annamite operates in partnership with Lao Mining Development (LMD), combining international expertise with deep regional knowledge.

Management Strength and Tight Share Structure

Annamite Resources maintains a tight share structure with 48 shareholders and 71.7 million shares outstanding, over 60% of which are held by founders, management, and Lao investors. This alignment underscores strong internal confidence in the long-term value of the company’s assets.

The board and management team bring over 50 years of collective exploration experience in Laos, supported by an in-house technical team with extensive local and regional expertise.

Key milestones include:

April 2021: Sokdee tenement approval over 50 km²

Acquisition of 87% of LHBS, previously owned by Hyundai Black Stone

March–August 2022: US$700,000 scout drilling program executed successfully

Since 2019: US$2.9 million raised, with an additional US$2.5–3 million targeted in the upcoming round

The new funding round is priced at 12 cents per share, reflecting reduced business risk and increased local recognition since the previous raise. The implied valuation prior to this round is estimated at US$4.4 million.

Sokdee: A Rapidly Emerging Discovery Opportunity

The Sokdee Project is one of the most exciting new exploration opportunities in Laos, with multiple layers of supporting geological evidence:

Strong scout drilling results based on geochemical and geophysical surveys

A 6 km-long porphyry trend at Namthom, featuring at least one central porphyry

Potentially economic gold, silver, and zinc intersections adjacent to the central system

Multiple mineralization styles indicating a complex and large-scale system

Annamite’s geological team leverages proprietary datasets, advanced modeling, and extensive field experience to fast-track exploration and move the project toward discovery stage.

A Commitment to Responsible Growth

Annamite Resources’ strategy is built on responsible exploration, strong community partnerships, and technical excellence. By combining international standards with deep local insight, the company aims to unlock new mineral discoveries that contribute to regional economic development in Laos.

With a promising pipeline of exploration results, growing investor interest, and a world-class geological opportunity, Annamite Resources is well-positioned for its next phase of growth.

Annamite Resources has concluded a major phase of exploration at its Namthom prospect, completing 1,978 metres of core drilling across eight holes, along with an integrated program of drone magnetics, LIDAR, and aerial photography surveys. Conducted in partnership with leading geophysical and drilling contractors, this work marks a significant step in defining a copper-gold porphyry system within the project area.

A 200-line kilometre drone survey, flown at 50-metre spacing, delivered high-resolution structural and geophysical data that has already guided drill targeting. The results reveal a strong structural framework and multiple zones of interest, assisting both porphyry-focused drilling and the evaluation of nearby high-grade gold anomalies. Three-dimensional modelling of the combined geophysical and drilling dataset is now underway.

Eight inclined drill holes were completed across an 800 m × 250 m corridor. Five holes targeted the central porphyry system, while others tested chargeability anomalies and a gold-in-soils target. Analytical results are continuing to arrive and will be reported as they are finalized.

Field activities will proceed at a reduced pace during the monsoon season, while comprehensive data interpretation continues in parallel.

Based on completed surveys and drilling, Annamite believes it has identified a copper-gold porphyry system with the potential to positively contribute to the Lao economy and support surrounding communities.

15th of June 2022, Annamite Resources Holdings Pte. Ltd. (Singapore) announced the appointment of Ms. Pathana Panyathip to the Annamite Board of Directors.

Annamite Resources’ Chairman Christopher Goss has expressed his warm welcome to Ms. Pathana Panyathip to Annamite Board, bringing additional value to the team’s exploration business and sustainable mining missions bringing her successful track record in the industry.

Pathana is a distinguished member of the Singapore Business Association in Laos, the Lao National Chamber of Commerce and Industry and the Lao Business Women’s Association. She have also received several awards from the ASEAN Business Forum and the Lao National Chamber of Commerce for her achievements in establishing new ventures.

Pathana is the Founder, Chairman of the Board and Chief Executive Officer of PIS, a private international school established in 2002, with 2 campuses in Vientiane and one in Savannakhet, Laos. Ms. Panyathip received her master’s degree in business management from the National University of Laos.

Ms. Panyathip will serve as a member of the Sustainability Committee of the Board. Following the appointment of Ms. Panyathip, the Board will comprise 5 directors, 4 of whom are independent.

Ariana Resources plc, an AIM-listed mineral exploration and development company with a strong track record in gold mining across Europe, has announced the third investment of its Asgard Metals Fund (“Asgard”) under its proprietary Project Catalyst Strategy. This marks a significant milestone in strengthening exploration partnerships across the Eastern Hemisphere.

Asgard has taken an equity interest in Annamite Resources Holdings Pte. Ltd., the Singapore-based holding company of Annamite Resources. The strategic investment includes US$100,000 in funding, complemented by the issuance of additional shares as outlined in a Consultancy Agreement between the two companies.

Under this agreement, Ariana’s technical team will provide up to two years of geological and exploration consultancy support to advance Annamite’s copper and gold exploration programs in Laos. The collaboration will focus on Annamite’s highly prospective Sokdee and Sakai licences, located within the prolific mineral belts of central Laos.

The investment reinforces Asgard’s commitment to supporting high-potential, discovery-stage mineral projects in regions of strong geological promise, while providing Annamite with internationally recognized technical expertise to accelerate its exploration strategy.

Despite global challenges throughout 2021, Annamite Resources made significant strides in advancing its exploration portfolio in Laos. Through disciplined financial management, strategic restructuring, and continued commitment to on-the-ground progress, the company has positioned itself strongly for a transformative year ahead.

Financial Strength and Corporate Progress in 2021

Throughout 2021, Annamite Resources successfully raised approximately US$955,000 from both existing and new investors. These funds enabled the company to advance its exploration programs, settle outstanding arrears inherited from Lao Hyundae Black Stone (LHBS) with the Government of Laos, and maintain a stable cash position.

This strengthened financial footing has allowed Annamite to continue identifying and securing high-quality exploration projects, even amidst the constraints posed by the pandemic.

Advancing Exploration Plans Despite COVID-19 Challenges

Although COVID-19 restrictions slowed field operations, the Annamite team succeeded in meeting most of its strategic objectives for the year. The company is now preparing to advance exploration significantly in early 2022.

A major focus will be the testing of the Star Porphyry system through a planned scout drilling program, alongside the initiation of broad geochemical programs across new prospective areas that are in the process of being secured.

These initiatives reflect Annamite’s commitment to building a robust pipeline of copper and gold targets across Laos.

Regulatory Milestones and License Reinstatement

A key achievement during the year was receiving formal approval to reinstate the Sokdee Exploration License, originally owned by LHBS. Initially established by Hyundae Black Stone of Korea, LHBS is now 70% owned by Annamite Resources.

All administrative requirements related to the transfer of shares to Annamite and its partners, as well as the completion of formal licensing documents, have been finalized. The company now awaits final authorization to commence fieldwork.

Positive initial results from the Star Porphyry program are expected to support a 2022 fundraising initiative, targeting several million dollars to define the geometry, outlines, and tenor of the deposit.

Looking Ahead

With strengthened governance, renewed exploration licenses, secured funding, and a strategic roadmap for drilling and geochemistry programs, Annamite Resources enters 2022 with momentum and confidence. The company remains committed to unlocking the mineral potential of Laos while creating long-term value for its shareholders and contributing to community and national development.

In August 2021, Annamite Resources and its partner Lao Hyundae Black Stone (LHBS) achieved a major milestone with the successful securing of the Sokdee 250 km² tenement from the Government of Laos. This highly prospective concession hosts the Star copper-gold porphyry system, considered one of the most promising targets in the region.

As part of the reinstatement process, Annamite paid US$563,000 to the Government of Laos, covering outstanding concession fees and statutory fund arrears accrued between 2013 and 2019. The settlement ensures full compliance with government obligations and clears the path for new exploration work.

Formal confirmation of the reinstated exploration license—granted for a three-year period—is expected in September. Upon receipt, Annamite’s local technical team will begin on-ground exploration activities in October 2021, marking the start of a new operational phase for the Sokdee Project.

In parallel, Annamite is actively pursuing additional funding from investors across the Middle East and Asia to support its upcoming work program and accelerate exploration momentum.

The Board of Directors has expressed strong pride in directly contributing financial support to the Treasury of Laos, the Ministry of Energy and Mines, and local authorities surrounding the project area—particularly during a period when the country faces economic pressure from the global pandemic.

Annamite reaffirmed its commitment to collaborating closely with government departments to ensure that the Sokdee Project becomes a successful exploration initiative with the potential to evolve into a greenfield development of national significance.