Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Angkor Gold, Emerald ink earn-in agreement

Angkor Gold, Emerald ink earn-in agreement

Canadian mining outfit Angkor Gold Corp has secured a deal with Australian-listed gold company Emerald Resources NL for a definitive earn-in agreement on Angkor Gold’s wholly owned Koan Nheak tenement in eastern Cambodia, the company announced late on Wednesday.

Under the agreement, Emerald’s Cambodian subsidiary Renaissance Minerals will sink $2 million into exploration and development of the 189-square-kilometre tenement, and provide a $200,000 cash payment to Angkor Gold, over a two-year period in exchange for a 51 percent participating interest in the Koan Nheak licence.

The agreement includes an option for Emerald to acquire an additional 29 percent participating interest in the licence.

0

Comments

Please, login or register to post a comment

Latest Video

Life with the indigenous communities of Mondulkiri

The Indigenous People's Lodge in the lush highlands of Mondulkiri, one of the Kingdom's most sparsely populated provinces, offers of a taste of traditional life.

Watch our video to find out more.

‘Why hold a trial if you’re not going to summon the accused?’

Cambodia National Rescue Party supporters gathered outside the Appeal Court in Phnom Penh early this morning in support of imprisoned party leader Kem Sokha.