acquires gold in laos next to oxr......

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ALLOY TO ACQUIRE ADVANCED COPPER-GOLD PROJECT IN LAOS
HIGHLIGHTS
�� Memorandum of Understanding (MOU) signed to acquire up to an 80% interest in “Nam
Thong” Copper-Gold Project in Xiang Khouang province, Lao PDR (Laos), through joint
venture with Nilandon Mining Group.
�� The Nam Thong Project is located at junction between the Truongson Foldbelt, hosting
Oxiana’s Sepon copper-gold mine (4.5 Moz Au and 1.8 Mt Cu), and the Loei Foldbelt,
hosting Pan Australian’s Phu Bia (2.0 Moz Au and 1.2 Mt Cu) and Puthep copper-gold
deposits and Kingsgate Consolidated’s Chatree gold mine (4.0 Moz Au and 28 Moz Ag).
�� Gold is currently being mined within the Project Area on an 8 sq km mining lease using
artisanal methods. Gold and copper anomalism within the Project Area extends for over
4 kms.
�� A 300 sq km exploration and mining concession has been applied for by Nilandon which
covers the mining lease and an area to the east where there are two additional copper
anomalies, each with a strike length of 8 kms.
�� The mining lease within the Project Area has approvals for open cut mining and drilling.
�� No drilling or modern exploration has previously been undertaken in the Project Area.
Alloy to embark on priority exploration program following finalisation of formal JV
agreement with immediate drill targets identified.ALLOY TO ACQUIRE ADVANCED COPPER-GOLD PROJECT IN LAOS
HIGHLIGHTS
�� Memorandum of Understanding (MOU) signed to acquire up to an 80% interest in “Nam
Thong” Copper-Gold Project in Xiang Khouang province, Lao PDR (Laos), through joint
venture with Nilandon Mining Group.
�� The Nam Thong Project is located at junction between the Truongson Foldbelt, hosting
Oxiana’s Sepon copper-gold mine (4.5 Moz Au and 1.8 Mt Cu), and the Loei Foldbelt,
hosting Pan Australian’s Phu Bia (2.0 Moz Au and 1.2 Mt Cu) and Puthep copper-gold
deposits and Kingsgate Consolidated’s Chatree gold mine (4.0 Moz Au and 28 Moz Ag).
�� Gold is currently being mined within the Project Area on an 8 sq km mining lease using
artisanal methods. Gold and copper anomalism within the Project Area extends for over
4 kms.
�� A 300 sq km exploration and mining concession has been applied for by Nilandon which
covers the mining lease and an area to the east where there are two additional copper
anomalies, each with a strike length of 8 kms.
�� The mining lease within the Project Area has approvals for open cut mining and drilling.
�� No drilling or modern exploration has previously been undertaken in the Project Area.
Alloy to embark on priority exploration program following finalisation of formal JV
agreement with immediate drill targets identified.