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.
ABOUT ANNAMITE RESOURCES
Annamite Resources Holdings Pte. Ltd. (ARH) is a precious and base metals mineral exploration company incorporated in Singapore (# 201915983C) with operations in Laos.
Our local Lao subsidiary Annamite Resources Laos Co., Ltd (# 01-00024196) was established in July 2020.
Since our start-up was established 3.5 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.
Secured and signed in 2021 two Joint Venture (JV) deals on attractive projects: epithermal gold-silver (Sakai East) & porphyry copper-gold-molybdenum-silver system (Sokdee).
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.
We completed a first scout drilling exploration program at Sokdee on the Namthom porphyry in August 2022 with positive results, and have continued low-cost ground exploration for the remaining of the year 2022.
We aim to create value for both investors and joint venture partners to ensure a mutually beneficial relationship that will be ongoing through mine development.
To date, Annamite has raised about US$ 2.36M since June 2019, with a new raise of US$ 3M between October 2022 and January 2023.
Annamite already has a broad base of shareholders from different parts of the world, including Laos and other SE Asia countries, who recognize the opportunity that Laos presents and wish to participate in both value creation as well as sustainable development in-country.
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, i.e. the Project Developer model.
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.