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.
THE SOKDEE PROJECT
Following due diligence in 2020-2021, exploration on Sokdee commenced in early 2022. Fieldwork on the Sokdee Project has continued since February 2022. In parallel, we have secured tenure in the project area and have established a unique network of government and business contacts in Laos.
LOCATION MAP OF THE PROJECT
2022 - 2023 PROJECT HIGLIGHTS
Our first exploration campaign in 2022 consisted of soil geochemistry, drone magnetics on the southern part of the tenement and a scout drilling program in mid-2022 comprised of eight core holes, totalling 1978m.
TO FEBRUARY 2023
The Annamite team has conducted low-cost ground operations during the tail end of the monsoon and the beginning of the dry season. Infill soil sampling and an induced polarization (IP) survey consisting of six lines to better understand the changeability of the potential deposits, was also undertaken at Namthom prospect.
From January 2023, the final round of infill soil sampling was completed on the exciting Mouk target, with multi-element analytical results showing significant potential.
The best drill results so far are from hole NT_22_003, with 60m @ 0.22g/t Au, 0.4% Cu and 88ppm Mo in the porphyry and from two new, separate discoveries of Au (8 to 11g/t), Ag and base metals in potential economic zones.
DRONE MAGNETIC GEOPHYSICS
The number of sensors at different angles creates thousands of accurate data points, including geo-references, elevation points and colours.
An additional drone magnetics survey to the north of the previous survey in the Hinherb block, to cover Mouk and Mouk West targets was completed.
Trenching on the best peripheral anomalies around Namthom/Grassy has started in March 2023 ahead of any drilling.
IN NAMTHOM/ GRASSY
Trenching requires an excavator to dig a meter-wide trench about 2 meters deep.
Trenches will be fenced for safety reasons and ultimately backfilled.
The second drilling will commence.
Our 2023 drilling program includes multiple short RC holes along strike into the peripheral targets at Spine and Palm targets, a few deep DD holes into the Namthom porphyry, and drill testing of new soil geochemical targets at Mouk and Mouk West.
If required an additional geophysical IP survey will be conducted. Upon completion of drilling, we plan to calculate in-house resource estimates.
Based on the results of current exploration program, there are clear indications of the discovery of a significant Cu-Au-Mo porphyry system with adjacent related mineralization.
We believe though that our Sokdee project is a standout in the crowded field of early-stage projects in that we already have economic intersections from three different styles of mineralization, including a porphyry.
CROSS SECTION SUMMARIZING
The real merit of our project is boosted by the scale of the system within a vastly underexplored but productive belt. The first results indicate that in addition to the Cu-Au-Mo Namthom porphyry, the Mouk target is a new, untested soil Au-Ag-Zn-Cu-Mo anomaly, 1600m in length and broadly along strike of the Namthom porphyry system.
To date, the overall system is six kilometres in length, with the Namthom porphyry but one point along that strike. Based on geochemical halo modelling, we have reason to believe that there are likely two additional blind porphyries along that extent as well as additional structurally related styles of mineralization.
LOCATION AND INFRASTRUCTURE
Loie mineral belt developed during the Permo-Triassic epoch [250Ma]
Comprises intermediate-felsic volcanics intruded by dioritic porphyries
Sokdee concession is 50 km2, located 100 km NNW of Vientiane and 30km west of a new high-speed railway line and highway. Hydroelectric powerlines also located 30km away
Rural location, low-density farming and rubber plantations. The nearest village of Namthom lies 6km from the prospect