CHRISTOPHER GOSS
Chairman of the Board
Christopher, minerals financier & economist, ran business development for natural resources for the IFC (International Finance Corporation) out of London office from 2006-2010, IFC is private sector arm of the World Bank Group, and is a major private sector investor in mining in emerging markets. Earlier he led IFC mining transactions in Africa, Russia, Central Asia and and Latin America. Prior, he advised African governments in natural resource policy and, negotiations in Ghana, Tanzania, Mozambique and Swaziland. From 2010—2017 he was on the board of and latterly Non Executive Chairman of Triple Plate Junction, now Tethyan Resources, which was listed on AIM in London.
We aim to create value for both investors, joint venture partners and stakeholders to ensure a mutually beneficial relationship that will be ongoing through mine development.
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Didier Fohlen, CEO
ANNAMITE HISTORY
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Since our start-up was established 5 years ago, we have screened over 25 targets, shortlisted more than a dozen including some drill-ready targets, and selected the top three for exploration.​
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Secured and signed in early 2021 our first Joint Venture (JV) deals with attractive projects: epithermal gold-silver (Sakai East) and porphyry copper-gold-molybdenum-silver system (Sokdee).
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Signed in March 2022 a Joint Development Agreement (JDA) with Lao Mining Development State Enterprise (LMD) on prospective projects in Vientiane province, with initial technical due diligence completed.
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LHBS completed a first scout drilling exploration programme at Sokdee on the Namthom porphyry in 2022 and a second scout drilling exploration programme in 2023 with positive results, and continues ground exploration in new areas granted under the Sokdee Concession for the remainder of the year 2023.​​
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Annamite signed in July 2023 an agreement with Rio Tinto Exploration for the Sokdee Project, and we are in advance discussion with strategic investors to complete the 4th raise with about $2-$3M additional financing.​
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Annamite expects to sign two additional Joint Venture Agreements with Lao Companies to explore promising ground in Northern Laos. Our total concession areas will be around 400sq.km.
We intend to be first movers in a new wave of exploration in Laos
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Our business model is to establish secure tenure via joint ventures with holders of existing tenements and then create value by investing in exploration where we have identified unrecognised potential.
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Targets will be identified from our in-house proprietary data set and our extensive network of contacts in the Lao minerals industry.
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Due diligence will be carried out by our experienced technical team and in-house exploration services if necessary.
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Joint ventures will be negotiated with a focus on equity earned through in-ground expenditure, particularly drilling.
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Prioritize ventures with drill-ready targets that can rapidly move the project up the value curve.
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Our strategy is to build a quality portfolio of near drill-ready to drill-ready exploration projects that can be quickly moved to discovery stage with drilling,
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Our team members under our Lao-based expatriate Australian Chief Geologist, Paul Burrell, have already established exploration facilities in-country allowing us to operate cost-effectively without the overhead of importing equipment and people.
We are now looking to broaden that base during a new round of financing in Q4 2022/Q1 2023, looking at raising about US$3 million. As of early December 2022 we have raised already US$550,000.
CURRENT CAPITAL STRUCTURE
Our focus is on developing ARH as a junior exploration company in Laos to be listed on the HKX, ASX or TSX-V in 2024.
CORPORATE GOVERNANCE
Overall our business philosophy is to adhere to highest standards of corporate governance.
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The company is incorporated in Singapore as Annamite Resources Holding Pte Ltd. It follows all the requirements of the Accounting and Corporate Regulatory Authority (ACRA) which is the national regulator of business entities, public accountants and corporate service providers in Singapore. ACRA is responsible for the regulation, supervision and development of investment business and financial services industry in Singapore per the Companies Act (Cap 50), the Limited Liability Partnerships Act (Cap 163A) and the Limited Partnerships Act 2008 (Act 37 of 2008).
ANNAMITE'S CORE GOVERNANCE PRINCIPLES ARE:
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To be a good corporate citizen, demonstrating integrity in each business and community in which we operate.
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To be open and honest in all our dealings, while respecting commercial and personal confidentiality.
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To be objective, consistent and fair with all our stakeholders.
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Joint ventures will be negotiated with a focus on equity earned through in-ground expenditure, particularly drilling.
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To operate professionally in a performance-orientated culture and be committed to continuous improvement.
COMPANY CODE OF CONDUCT
This code of business conduct and ethics (Code) applies to Directors, employees (Employees) of Annamite Resources Group (Annamite) and its subsidiaries, as well as contractors (Contractors) and consultants (Service Providers) in the course of carrying out work on behalf of or for Annamite.
All Employees, Contractors and Service Providers are required to operate and behave in accordance with the Annamite values of ethics, safety, sustainability, excellence, accountability and respect.
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Our CODE OF BUSINESS CONDUCT AND ETHICS are available in English and Lao:
Annamite Resources intends to abide by the listing rules of exchange where it will ultimately list and the Singapore Code of Corporate Governance (2001, 2005 & 2012) which sets out the principles of Good Governance.
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ACRA promotes a trusted and vibrant environment for businesses to thrive and flourish, and contribute towards making Singapore the best place for business.
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ANNAMITE RESOURCES CORPORATE POLICIES
Simply put - this means doing the right thing.
Our business decisions incorporate careful consideration of core principles embedded in our Code of Business Conduct and Ethics and subsequent upcoming Corporate Polices and Procedures. These new corporate documents are being developed during 2023 to be formally approved by the Board of Directors.