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Amanta Resources Limited
Amanta Resources Limited
Amanta Resources Limited (TSXV NEX: Amantas focus on copper-gold and molybdenum exploration
AMH.H) is focused on mineral exploration and in Laos, the Company decided in 2012 to terminate its
Although by no means complete, this work uncovered In the Lao PDR, the government actively promotes foreign
widespread copper/silver indications and occurrences in investment in nearly all sectors, including mining. The minerals
volcanic rocks over the whole area in float and in outcrop industry is governed by the Mining Act (1997), revised in
with grades of up to 4% copper and several ounces of silver. December 2008. After successful exploration by Rio Tinto and
In some parts of the license area traces of earlier mining of development by Oxiana Ltd., the Sepon gold and copper mine
these rocks have been reported. Limited shallow drilling of was commissioned in 2001, marking the first modern mine in
some of these occurrences did intercept some of these Laos.
indications at depth however no immediate economic size and
grade body of this material has been located yet. More recently, Pan Australian commissioned a copper-gold
mine at Phu Bia and several exploration license applications
Indications of mineralized material with economic are presently under consideration by the government. The
molybdenum and gold grades were discovered early on in an COW style investment agreements for these mines have been
area of some 500x500 meters on the so-called peak 1704, the in force since the early 1990s and remain unchanged,
highest in the area. This occurrence has been drilled and indicative of a reliable and long-term investment climate.
several moly/gold mineralized sections were intercepted,
generally in volcanic fragmental rock, replaced by pervasive Since changing to a market-based economic system, Laos
epithermal silicification. Elsewhere within the license has continued to recognize the importance of developing its
chalcopyrite mineralized porphyritic dioritic rocks have been mineral resources, including hydro power. Having no industrial
found, but no further detailed work has been done to evaluate base and limited arable land, the value of its mineral resources
these and the area they occur in. In all, the 200 km appears to is increasingly recognized. Due to its recent history, Chinese
be well mineralized and in need of significant financial and Vietnamese interests have enjoyed a significant
resources for its further evaluation, resources that are not advantage over western interests and the majority of minerals
easily available on the junior market on which Amanta and concessions and licenses are held by companies from these
therefore Amanta Lao Co., rely. countries, sometimes in conjunction with minority Lao
partners.
ABOUT LAOS
From the earliest time of French colonial rule, Laos, a land-
locked country in Southeast Asia, bounded by Thailand,
Myanmar, China, Vietnam and Cambodia, has been known to
potentially host a wealth of mineral resources, including
copper, gold and gemstones, among many other minerals. For
a number of reasons, including lack of infrastructure and
STOCK INFORMATION
political turbulence during the Indo-China conflicts, little
As at November 30, 2016:
attention was paid to this potential.
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hydropower sectors. In 1997, the first Mining Law was 6475 Madrona Crescent
enacted in Laos and this has been updated and revised in West Vancouver, B.C.
2010. During the past decade, two significant copper/gold V7W 2J7, Canada
mines have been constructed (Phu Kham and Sepon) and a E-mail: [email protected]