Summation of our Laos Bauxite Project thus far:Today Ord River...

Summation of our Laos Bauxite Project thus far:

Today Ord River Resources (ASX: ORD) has reported that Sino Australian Resources Co., Ltd (SARCO) has appointed Purple Communications to act as its public relations and investor relations advisor.

Purple Communications will provide strategic communication services in support of SARCO's proposed listing on the Australian Stock Exchange later this year.

SARCO is the joint venture company owned by Ord River (49%) and China Nonferrous Metal Industry's Foreign Engineering and Construction Co., Ltd (51%).

SARCO intends to raise up to A$200 million to finance the construction of an alumina refinery in Laos with a minimum annual capacity of 600,000 tonnes, potentially positioning SARCO as one of Australia's top-tier alumina producers.

The company expects Purple to play an instrumental role in ensuring appropriate capital market understanding of Sarco's value proposition during and beyond the proposed IPO.

Purple's appointment marks the completion of SARCO's external advisory team which includes lead financial advisors Royal Bank of Canada, technical consultants SRK Consulting, legal advisors Allen Arthur Robinson, and accounting firm Ernst & Young.

On May 26 Ord River reached a major milestone in its development as a producer with China Minsheng Banking Corporation stating in a letter of proposal to SARCO that it intends to provide the necessary project financing SARCO requires.

In other words it's all systems go!