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

  • Omicron patients can stay home: PM

    The Ministry of Health has issued a directive on the treatment of people who have tested positive for the highly transmissible Omicron coronavirus variant, following a suggestion from Prime Minister Hun Sen on the night of January 21. The directive permits home quarantine for those who

  • Cambodia’s first ever anime festival kicks off Jan 22 at capital’s F3 centre

    Phnom Penh's first ever Anime Festival will bring together fans, artists, shops and other local businesses with ties to the Japanese animation style for cosplay competitions, online games, pop-up shops and more on January 22, with Friends Futures Factory (F3) hosting. F3 is a project that

  • Mr Pancake or M Crepe? Tasty by any title

    Crowds of people gather around a lone man with a mobile food cart every day at around 2pm in front of the Institut Francais du Cambodge to order what many say are the best crepes in Phnom Penh. To some – even to the man making

  • Fourth dose Covid booster drive jabs 43K in two days

    In the first two days of the fourth-dose Covid-19 vaccination campaign, more than 43,000 people volunteered to get the jabs, while over 4.6 million people have received a third shot. Health ministry spokeswoman Or Vandine said that fourth-dose vaccinations, which began on January 14 exclusively with the Pfizer

  • Phnom Penh condo market loses steam

    Just four new condominiums were launched for sale last year in the capital, down from 17 in 2020, according to research by CBRE Cambodia. The four developments comprised “more than 1,000” units, while the 17 in 2020 consisted of 10,866, the real estate firm reported. CBRE Cambodia categorises condos as “high-range”, “

  • Singapore backs Cambodia's efforts on Myanmar

    Singaporean Prime Minister Lee Hsien Loong supports Cambodia in its efforts to seek a solution to the ongoing Myanmar crisis as the chair of ASEAN. Lee expressed his support during a meeting with Prime Minister Hun Sen via videoconference on January 14, with the talks focused