Institutional investors are hungry for pure exposure to the alumina growth play. Currently limited choices on the ASX and overseas for investors.
The large size of the refinery guarantees satisfaction of key investment size criteria set by institutional investors.
As an investment destination Laos has improved its risk profile substantially to provide comfort and familiarity to investors.
Stable government. Access to power, water and roads.
A big advantage in being closer to China than other alumina supplying countries..
In March 2010, ORD and NFC appointed Sinomine Resource Exploration Co., Ltd to conduct a resource upgrade program in Laos.
1. Work Completed
All field work has been completed for LSI tenement. 1,012 holes with more than 8,000 meters drilled.
Yuqida drilling is complete. 976 holes with 7,619 meters drilled.
~352ha of land has been cleared of UXO to support the field work.
2. Current Work
Sinomines preparing mining report.
Resource update being prepared for LSI and Yuqida.
SRK is working with Sinomines to produce a new JORC Resource Statement.
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