Logo of Phnom Penh Post newspaper Phnom Penh Post - Angkor Resource applies for new exploration licence

Angkor Resource applies for new exploration licence

Content image - Phnom Penh Post
Pieces of copper/gold extracted by Angkor Resources Corp. ANGKOR RESOURCES CORP

Angkor Resource applies for new exploration licence

Toronto-listed Angkor Resources Corp on September 30 announced verification for new mineral licence status on the Andong Meas and Oyadao North concessions in Ratanakkiri province, application for an unnamed new copper and gold 200sq km licence, and cancellation of two previous licences.

CEO Delayne Weeks explained: "All the permitting was delayed due to restrictions with Covid over the past year. We made the best of that period to complete our review and assessment of our existing licences and other new licences for their potential to bring shareholder value in the near term."

Angkor Resources said in a statement: “After several months of study, the company has also applied for a highly-prospective copper/gold licence of 200sq km in size as an additional new licence.

“The company applied for new licence status on two of its properties to provide an initial three-year term and two additional renewal terms of two years each. At the same time, the company cancelled renewals on Oyadao South and Banlung South.”

Weeks added: "We feel our other licences are far more prospective for minerals, will allow for better use of our resources, and this pivot is consistent with our strategic review."

MOST VIEWED

  • Second Hungary business forum set for H2

    Cambodia has asked Hungary to provide GSP- (Generalised System of Preferences) Plus facilities for when the Kingdom sheds its least-developed country (LDC) label, as the two countries prepare to hold a second business forum in the second half (H2) of this year to expand trade

  • Capital-Poipet express rail project making headway

    The preliminary results of a feasibility study to upgrade the Phnom Penh-Poipet railway into Cambodia’s first express railway indicate that the project would cost more than $4 billion and would take around four years to complete. The study was carried out by China Road and

  • Thai boxers to join SEA Games’ Kun Khmer event

    The Cambodian SEA Games Organising Committee (CAMSOC) – together with the Kun Khmer International Federation (KKIF) and Khmer Boxing Federation – have achieved a “great success” by including Kun Khmer in the upcoming biennial multi-sports event on its home soil for the first time, said a senior

  • Bullets to bracelets: Siem Reap man makes waste from war wearable

    Jewellery is often made from valuable gemstones like emeralds or diamonds and precious metals like gold or silver, or valueless things like animal horns. But a man in Siem Reap has approached the manufacture of delicate pieces from a different angle. His unique form of

  • 61% of 2022 imports came from just 3 markets

    The three largest exporters to Cambodia – mainland China, Vietnam and Thailand – accounted for 60.94 per cent of the Kingdom’s total merchandise imports last year, at $18.245 billion, which was up 11.99 per cent over 2021, according to the General Department of Customs and Excise. Cambodia’s total imports

  • CPP sets out five primary strategic goals for 2023-28

    The Cambodian People’s Party (CPP) on January 29 concluded its two-day extraordinary congress, setting the party’s priority goals for 2023-2028. The ruling party’s congress was attended by more than 3,000 members from across the Kingdom, including the members of the permanent and central committees,