The Tenements are held by wholly owned Subsidiaries of the Company pursuant to either Licences (15 in total) or Memoranda of Understanding (MOU) (2 in total) that were issued by the Cambodian Ministry of Industry, Mines and Energy (Ministry) representing the Royal Cambodian Government. Also, two of the Company’s wholly owned Subsidiaries have Six (6) Foreign Investment Applications in Laos.

The Kratie Project (Kratie Project) is located in central Cambodia and is prospective for both precious and base metals. The recent completion of scout drilling programme has confirmed the mineral potential for this area. This area also has evidence of current and historical artisanal mining and the Company’s focus has been around these areas.

The Ratanakiri Project (Ratanakiri Project) is located to the north of Cambodia and runs along the southern border of Laos and the western border of Vietnam. As with the Kratie Project, the Ratanakiri Project is also prospective for both precious and base metals. Ground geological and geophysical exploration work carried out to date has identified a number of prospective targets for further exploration.

A well qualified team has been assembled in Phnom Penh, Kratie and Ratanakiri to enable the planning, implementation and completion of the exploration programmes of the Group designed to achieve maximum coverage of these project areas.

The Kingdom of Cambodia, a nation with a great history and enthusiastic and enterprising people is rapidly rebuilding itself. After emerging from years of violence and war, that caused significant damage, devastation and degradation of its developmental capacities, the country took up the challenge of reconstruction, sustained economic development and integration with the global community. Cambodia is located in the tropical region of Southeast Asia in the Lower Mekong region. It has an 800km border with Thailand in the West, 450km border with the Lao PDR in the North, 1,250km with Vietnam in the East and a coastline of 440km. The physical landscape is dominated by the lowland plains around the Mekong River and the Tonle Sap Lake.