This Junior Miner Has the $23 Million “Commodities Treasure Map” to Lead The New Asian Gold Rush

At the edge of the world—in a country most Americans have only barely ever heard of—a whole new commodities boom is poised to potentially mint fortunes in gold, copper, oil, and energy ...

It’s a small country; not quite twice the size of Newfoundland in Canada,  or in the US, it is about the same size as the state of Missouri.

In past generations, locals have mined its rolling hills for precious gemstones—sapphires and massive rubies that can demand as much as $6,000 apiece in local markets.

Officials now estimate that the market for gemstones has been worth at least $20 million a year since 1993.

Only now have experts started to realize they’ve just scratched the surface of the country’s vast mineral wealth. The story here goes far beyond precious gemstones.

And only one company has been in-country for over a decade, drawing out the ultimate “Commodities Treasure Map” to tap into a potential motherlode of mineral wealth … 

The country we’re talking about is Cambodia. Home to the breathtaking Angkor Wat Temple often referred to as the “Eighth Wonder of the World.”

And the company is Angkor Resources Corp (TSX: ANK, OTCMKTS: ANKOF).

October 13, 2021:

Angkor Resources Announces 139 Metres Consistent Mineralization in Test Hole

The New Frontier for Gold & Copper

Angkor Resources Corp (TSX: ANK, OTCMKTS: ANKOF) is not your traditional mining company.

Based in Canada, Angkor is the only publicly-traded North American company that owns mineral assets in Cambodia. 

Over the last ten years, the company has explored over 2500 km2 in the northeast Ratanakiri province, defining the most prospective two concessions and multiple solid prospects of strong potential. At the same time, this transformative “resource optimizer” has cultivated vital relationships it’ll need to deliver tangible results from the country’s untapped resource sector.

Eureka: One of the Most Lucrative Zones for Gold and Copper

Through extensive mapping and drilling over the years, Angkor Resources has identified several potential gold strikes and copper discoveries (more on those in just a moment). 

Following a strategic review in Q2 of 2021, the company has pivoted to working as a “resource optimizer,” which means although it exposed a taste of Cambodia’s mineral wealth to the world since 2012 with ten different deals worth approximately $23 million, it will continue to pursue innovative new means of exploring and developing resources in a way that’s good for the country, the company and its stakeholders. 

During their strategic review, the Company looked at everything from supply chains, CV-19 ramifications, jurisdictions, human resources, management, properties and the most productive licenses, energy solutions, and measuring deliverables.   

Shareholders or the Environment? Why Not Both!

Post CV-19, and over the past several months, the Company pivoted to focus on building shareholder value in the resource sector, pursuing projects that create solutions to issues, that lead to quicker cashflows, that maximize ESG platforms, and that deliver real, measurable value for the shareholders.  

As Angkor’s Cambodian mining colleague, Renaissance Minerals, announced the first gold production from Okavu Gold Project earlier this year, on time and on budget, Angkor continued to explore projects that target shareholder value despite the challenges of CV-19 and supply chains.

Bringing Domestic Energy Production to Cambodia

Angkor Resources Corp (TSX: ANK, OTCMKTS: ANKOF) pursued Cambodia’s first onshore energy license with Production Sharing Contract negotiations. As Cambodia currently imports all its energy other than hydropower, the country cries out for its own source of energy products.

The Company also explored multiple prospects for further development, discovered Cambodia’s first copper/gold porphyry systems, discovered two underground gold vein systems on two licenses, set precedents in ESG (Environmental, Social, Governance) standards in the country, and let the training of local citizens in resource expertise. All the while, Angkor Resources has fought to align people and social responsibility with equal value to resource activities.

Its workforce in Cambodia is 95% local Khmer, and its Social Responsibility projects have earned extraordinary respect within the country and at the United Nations’ Intergovernmental Forum for Mining.

All this translates to Angkor Resources having an unmatched presence on a whole new frontier for energy, oil, gas, gold, and copper… 

Tapping Into a “Well of Gold” 

The core of the company’s current portfolio lies in two significant licenses granted by the Cambodian government in the northeast corner of the country, in addition to a newer 7,300 km2 concession for the development of energy resources.

So far, the most exciting results have come from a much smaller, 118 km2 tract just 50 km east of provincial capital of Banlung. This license is called Andong Meas by the locals, which translates to The Well of Gold.

The name comes from the area’s long history of successful “artisanal miners,” who for years have panned the low-lying streams and soil with impressive success.

Bloomberg called this area “one of the few remaining final frontiers of untouched ground on the globe.”

Without getting too technical about the details, Angkor’s team has turned up shallow, easier-to-reach mineral deposits along with multiple high-grade grab samples ranging up to 70 grams per ton (g/t).  Add to that, the drill core has proven copper formations, molybdenum, and soil sampling has recently shown elevated levels of Rare Earth Elements (REE’s).  

 (Core samples from Andong Meas license)

These early samples from the Wild Boar prospect on Cambodia’s “Well of Gold” indicate potential for a robust high-grade vein system.  

But what about quantity? How much of this high-grade gold and copper mineralization can Angkor Resources expect to find? Well, that is why advanced drilling and elevated exploration is planned for the upcoming year to prove commercial quantity.

In conjunction with their ongoing technical efforts, the Company has also worked to ensure production could succeed with its negotiation of a cradle-to-grave agreement with Indigenous communities on the Andong Meas license.

In the meantime, just a few miles away at the “Canada Wall” site, the company discovered another rich copper porphyry along with four more new targets for gold mining.

These kinds of results are why Bloomberg has called the potential in Cambodia  an “embarrassment of riches.”

As more of these sites begin to come online and the company’s partnerships begin bearing fruit, it could evolve from exploration and project generation to active mining projects. That kind of move would have it following in the footsteps of Australia’s Emerald Resources, Angkor’s mining neighbor, which enjoyed massive growth after proving the gold resource and building Cambodia’s first commercial gold mine. 

Angkor Resources, which still has yet to extract minerals, has a market capitalization of less than CAD $14M as of 11/11/21. 

In comparison, Emerald has a market cap of approximately AUD $520M. 

Twelve Years of Patience—Now Set to Potentially Pay Off

Of course, many of these details haven’t yet shown up on the company’s stock charts… 

 

So it’s hardly a secret that the company’s present market cap may still be a substantial undervaluation of its long-term potential:

“Very few junior explorers have as much exploration potential as Angkor Resources,” said a recent report from InvestorIntel, “Angkor has an enormous package of licenses including their 983 km² of mineral exploration land package and a 7,300 km² concession application for oil exploration license. Angkor has potential for gold, silver, copper, molybdenum, and oil & gas … All of this for a company with a market cap of just C$[14]M.” [market cap updated]

With an exploration company like Angkor Resources Corp (TSX: ANK, OTCMKTS: ANKOF), it’s often the case that the company’s insiders will be working with the best possible information on the company’s viability—and at present, those insiders own roughly 23.6% of outstanding shares.

The company has also been optimizing its operations as it streamlines its projects and portfolio. In fact, over the last 5 years, it has astonishingly cut costs by an average of 22% per year. 

Following Angkor’s recent announcement of a few promising samples along with a new gold project in the Philippines in September, shares surged 63% higher. This deal is a profit/revenue share with KSA Quarrying & Aggregate Co., and the facility was completed in February of 2020.

Revenues On the Way…

The project is temporarily delayed due to delays from the global health predicament and the Philippines’ travel restrictions. Yet, Angkor Resources intends to officially begin delivering revenue for shareholders as soon as the project is underway.

This is essentially the same story across all of the company’s projects. The health scare hit areas of SE Asia extremely hard. At time of writing, it’s been just one day since Cambodia reopened its borders to vaccinated travelers without quarantine requirements. The country is open for business and wants to get back to work. 

Gold prices are presently sitting at five-month-highs as of 11/11/21. Angkor Resources stands to “meet the moment” with multiple joint projects that could soon start delivering absolutely massive revenue on several fronts.

Get to know this company better as it chases what could be a historic bull market. 

Source 1: https://secureservercdn.net/45.40.148.147/3kn.ae3.myftpupload.com/wp-content/uploads/2021/07/fact-sheet-jul21.pdf

Source 2: https://english.cambodiadaily.com/news/scraping-out-a-living-in-pailins-spent-gem-mines-61043/

Source 4: https://investingnews.com/company-profiles/angkor-resources-tsxv-ank-copper-molybdenum-cambodia/

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Source 6: https://investingnews.com/company-profiles/angkor-resources-tsxv-ank-copper-molybdenum-cambodia/

Source 7: https://www.juniorminingnetwork.com/junior-miner-news/press-releases/636-tsx-venture/ank/34265-angkor-gold-signs-definitive-earn-in-agreement-with-renaissance-minerals-for-koan-nheak-property-cambodia.html

Source 8: https://www.phnompenhpost.com/business/renaissance-minerals-says-it-will-extract-gold-next-year

Source 9: https://investorintel.com/investorintel-video/angkor-gold-gold-standard-social-responsibility/

Source 10: https://angkorresources.ca/projects/

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Source 12: https://www.bnnbloomberg.ca/angkor-gold-corp-s-embarrassment-of-riches-includes-cambodian-well-of-gold-1.929092

Source 13: https://www.khmertimeskh.com/50836184/glittering-gold-prospects-says-mining-business/

Source 14: https://www.globenewswire.com/en/news-release/2020/08/26/2084055/0/en/Angkor-Reports-Additional-High-Grade-Samples-With-Up-to-70-7-g-t-Gold-From-Selected-Samples-From-Its-Andong-Meas-Property.html

Source 15: https://www.mining.com/the-worlds-highest-grade-gold-mines/

Source 16: https://investorintel.com/markets/gold-silver-base-metals/gold-precious-metals-intel/angkor-resources-is-looking-to-follow-in-emerald-resources-footsteps-of-gold-explorer-to-near-term-producer-in-cambodia/?print=print

Source 17: https://www.kitco.com/gold-price-today-usa/

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Source 20: https://investorintel.com/markets/gold-silver-base-metals/gold-precious-metals-intel/angkor-resources-is-looking-to-follow-in-emerald-resources-footsteps-of-gold-explorer-to-near-term-producer-in-cambodia/

Source 21: https://simplywall.st/stocks/ca/materials/tsxv-ank/angkor-resources-shares#ownership_summary

Source 22: https://finance.yahoo.com/news/angkor-resources-signs-letter-intent-124500090.html

Source 23: https://www.nasdaq.com/articles/precious-gold-near-5-month-high-as-inflation-fears-deepen

Source 24: https://www.khmertimeskh.com/50971151/as-cambodia-fully-reopens-new-covid-cases-drop-to-negligible-levels/

Source 25: https://www.newsfilecorp.com/release/82726/Angkor-Announces-Groundbreaking-Agreement-with-Indigenous-Communities

Source 26: https://www.miningmagazine.com/development/news/1412615/emerald-hails-first-pour-in-cambodia

Source 27: https://finance.yahoo.com/quote/ank.v/

Source 28: https://finance.yahoo.com/quote/EMR.AX?p=EMR.AX&.tsrc=fin-srch

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