LUANG NAMTHA PROJECT

The Luang Namtha exploration area is considered highly prospective for copper and associated minerals including silver, gold and molybdenum. Amanta commenced its prospecting activities in August, 2008, and in April, 2009, signed a Joint Exploration Agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC), with Amanta as the Project Operator.

The agreement provides an option for JOGMEC to enter into a Joint Venture and acquire a 51% working interest in the project, in return for project expenditures of US$ 3 million over a 3-year period. The agreement is entering its third and final year and relates solely to the Luang Namtha project.

Prospecting and exploration programmes have included a stream sediment sampling programme, geological mapping and surface sampling programmes, land-sat interpretation, geophysics and geochemical surveys. This activity has identified widespread copper and silver mineralisation over very significant areas of the concession. Even at this early stage, the potential for a major copper/silver and molybdenum/silver resources is very apparent.

pages: 1 2