THE LUANG NAMTHA PROJECT, LAO PDR Copper / Silver & Molybdenum / Gold 1 AMANTA RESOURCES LTD. Luang Namtha Project Project area: originally 200 km2, located in northern Lao PDR 100% owned by Amanta Road/river access to Yunnan province, China; large smelter capacity near Kunming On a geological trend extending from northern China – includes Yulong mine (over 800 million tonnes of +1% copper) Extensive vegetation anomaly noted at Pakieng Mountain: focus for initial exploration work Series of work programs carried out from 2009-2013 3 styles of mineralization discovered: 1. Copper-silver-gold (Pakieng SW) 2. Molybdenum-gold-silver (Pakieng NW) 3. Copper-bearing porphyry Investment License: originally 5 years; extended for a further 3 years (from September 2013); second 3 year extension application currently being processed (October 2016) Associated minerals (gold, molybdenum, silver) included in exclusive Concession Agreement Amanta in Laos 2 AMANTA RESOURCES LTD. Mines in Laos Luang Namtha project Pan Australian (PanAust) Ban Houayxai gold-silver mine Pan Australian (PanAust) Phu Kham copper-gold mine 200 mt @ 0.65% Cu, 0.25 g/t Au, 0.25 g/t Ag Vientiane China MinMetals (MMG) Sepon copper-gold mine Gold: 60 mt @ 1.7 g/t Au, 6.4 g/t Ag Copper: 68 mt @ 2.3% Cu , 0.2 g/t Au, 12 g/t Ag 200 km Amanta in Laos 3 AMANTA RESOURCES LTD. Luang Namtha concession area CHINA Luang Namtha project area MYANMAR Luang Namtha LAOS 20 km Amanta in Laos 4 AMANTA RESOURCES LTD. Focus on Pakieng area: only 10% of total project Landsat image Pakieng 5 km Amanta in Laos 5 AMANTA RESOURCES LTD. Work programs: 2009-2013 Detailed mapping and outcrop sampling covering copper-silver and gold moly mineralization in Pakieng area, a significant vegetation anomaly. Stream sediment sampling over 200 km2 Detailed work at Pakieng and Taxoum areas: − Soil sampling at 25 meters interval − Geophysics (IP and magnetics) Exploration in adjacent areas: Nam-Bo, Chakhamping, Houakhoua Reconnaissance drilling programs: 4,100 meters, 19 drill holes Three styles of mineralization discovered: 1. Gold-moly target mineralization 2. High-grade, narrow vein copper-silver mineralization 3. Copper porphyry mineralization Exploration work halted in late-2013 due to poor market conditions for project financing From 2009-2016 project developed under a JEA with JOGMEC As of 2016 project 100% controlled by Amanta Luang Namtha project 2009-2013 6 AMANTA RESOURCES LTD. 1. Gold-molybdenum-silver deposit Located in NW Pakieng area Discovery outcrop extends for hundreds of meters; channel sample of 8 meters returned 0.25% Mo, 0.3 g/t Au Geological mapping and rock sampling programs completed Soil sampling at 25 meters interval, strong anomalous values of Mo and Au in soil Systematic sampling and assaying of mineralized outcrops Geophysical survey completed: IP/Resistivity Reconnaissance drilling – six holes completed within an area of 0.7 km2 Drill assay results of up to 0.52% Mo, 51 g/t Ag, 3.0 g/t Au Approx. 20 million tonnes indicated to date, potential for significant increase Gold-moly-silver deposit 7 AMANTA RESOURCES LTD. Location of gold-molybdenum mineralization Gold-moly-silver deposit 8 AMANTA RESOURCES LTD. Gold-molybdenum outcrop Discovery outcrop extends several hundred meters, up to 20 meters thickness exposed Channel samples over 20 meters assayed up to 3 g/t gold and 0.8% molybdenum Silicified andesitic breccia: this mineralization style is similar to that at the Chatree mine (Kingsgate / Akara Resources), Thailand Au-Mo-Ag-Cu-Pb mineralization associated with silicified rocks, within hydrothermal breccia in andesitic tuff layers Gold-moly-silver deposit 9 AMANTA RESOURCES LTD. Gold-moly target: geophysics profile Chargeability profile (Line 3) Au (ppm) 0 1 2 Mo (ppm) 3 0 1000 2000 0 10 20 30 40 60 70 Depth (m) PK011 50 80 90 100 110 120 130 140 150 160 170 180 Chargeability Au and Mo assays Gold-moly-silver deposit 10 AMANTA RESOURCES LTD. Location of drill holes and geophysics survey lines Gold-moly-silver deposit 11 AMANTA RESOURCES LTD. 1km ← West Cross-section through gold-moly deposit PK17 East → PK11 PK10 PK18 PK12 Andesitic Tuff Au-Mo-Cu-Pb mineralization is associated with hydrothermal breccia in andesitic tuff layers Andesitic Lapilli Tuff Dacitic Tuff Andesitic Lava Dacitic Lava Gold-moly-silver deposit 12 AMANTA RESOURCES LTD. Chatree gold mine, Thailand – cross sections The Pakieng gold, molybdenum, silver mineralization similar to the Chatree gold deposit in Thailand: series of shallow dipping mineralized breccia bodies (Chatree: produced over 1,000,000 oz Au; remaining resources at up to 3,500,000 oz) Gold-moly-silver deposit 13 AMANTA RESOURCES LTD. Drilling results: gold-moly deposit Strong anomalous values of Mo and Au in soil Channel sample of 8 meters returned 0.25 % Mo, 0.3 g/t Au 2011 drilling: assay results of up to 0.52% Mo, 51 g/t Ag, 3.0 g/t Au 2013 drilling: PK 17 and PK 18 confirm the breccia hosted molybdenum, gold, silver mineralization DDH From (m) To (m) Interval (m) Molybdenum % Gold g/t Silver g/t PK 10 129 161 32 0.10 0.25 11.0 Of which 143 151 8 0.32 1.0 31.0 including 145 149 4 0.52 1.6 51.0 PK 11 141 159 18 0.05 1.0 11.0 PK 17 126 134 8 0.07 0.5 15.0 PK 18 84 94 10 0.09 1.1 16.0 Gold-moly-silver deposit 14 AMANTA RESOURCES LTD. 2. High-grade copper-silver target Malachite-stained andesitic float High-grade Cu-Ag float, grab sample assays up to 9% Cu, 137 g/t Ag Results include a 4 meters at 3% Cu; 99 g/t Ag Wider intersections include 17 meters at 0.6% Cu; 23 g/t Ag Copper-silver target 15 AMANTA RESOURCES LTD. Drill locations and outcrops: Cu-Ag prospect 500 m PK014 PK009 PK004 PK013 PK001 PK003 PK005 PK007 PK006 PK001 Copper-silver target 16 AMANTA RESOURCES LTD. Pakieng SW Cu-Ag mineralization Au-Mo-Ag deposit Cu-Ag mineralization Copper-silver target 17 AMANTA RESOURCES LTD. Selected drill results: Cu-Ag prospect DDH From (m) To (m) Interval (m) Copper % Silver g/t PK 02 24 41 17 0.57 20.0 Including 24 26 2 1.26 63.0 and 37 39 2 3.12 99.4 PK 04 0 9 9 0.21 3.4 152 154 2 1.65 150.0 Including 152 153 1 2.90 261.0 PK 09 14 56 42 0.14 9.5 PK 13 66 81 15 0.80 15.0 Including 69 73 4 1.30 25.0 and 76 81 5 1.20 24.0 PK 14 41 58 17 0.50 11.5 Including 51 58 7 0.90 23.0 Of which 56 57 1 4.20 100.0 Copper-silver target 18 AMANTA RESOURCES LTD. 3. Copper porphyry potential The Luang Namtha project area lies along a strong mineralised geological trend which hosts a number of significant porphyry mineral occurrences in China, Laos and Thailand. Sumiko Resources Exploration and Development Co., consultants to JOGMEC 2012/3 made the following observations about the porphyry potential at Pakieng: “…The Luang Namtha project is located along the ‘Sukhothai (Malaya) fold belt, a mineralised structure which hosts numerous significant mineral deposits. Ore deposits along this belt are tectonically and metallogenetically controlled and include the Yulong copper mine, in Chibet province, China, which has reserves of 650 million tonnes, grading 1% Cu and 0.03% Mo. The same type of ore deposits as Yulong copper deposit are expected to be discovered in the Luang Namtha area”. Copper porphyry potential 19 AMANTA RESOURCES LTD. Yulong porphyry deposit (650Mt @0.99% Cu, 0.028% Mo) Regional geological trend Numerous porphyry discoveries from northern China to northern Thailand Phu Kham porphyry deposit (192Mt @0.62% Cu, 0.24g/t Au) Chatree gold mine Phu Lon skarn Cu-Au deposit (53Mt, 1.7% Cu, 0.45g/t Au) Puthep I, II porphyry deposits (160Mt, 0.53% Cu, 0.09g/t Au) 20 Copper porphyry potential 20 AMANTA RESOURCES LTD. Luang Namtha project - future programs Additional drilling program at Pakieng NW to delineate resources of the gold-molybdenum mineralization (1) Additional drilling program at Pakieng SW to delineate resources of the high-grade copper-silver mineralization (2) Deep drilling program at Pakieng to confirm existence of copper porphyry mineralization under the hydrothermal breccia bodies (3) Additional mapping/sampling work at porphyry outcrop occurrences Continued exploration and reconnaissance drilling in adjacent areas: Nambo, Chakamping Continuous upgrading of access roads, camp and sample preparation facilities Additional geophysics and drilling programs as required Future work programs 21 AMANTA RESOURCES LTD. Lao PDR - investment climate Excellent mineral potential: − Virtually unexplored − Two large producing copper-gold mines (Sepon, Phu Kam) Market economy: mining and hydropower are the growth industries Developing infrastructure: − Logistical access to China (via the Mekong river, barge), Thailand, Vietnam and Myanmar − Smelter facilities near Kunming, China Stable mining regime: − 100% foreign ownership permitted − Modern (international standard) Mining Act − Moratorium on new licenses in effect: benefits Amanta presence − Amanta has excellent relations with the government agencies Mineral exploration in Laos 22 AMANTA RESOURCES LTD. Amanta Corporate STOCK INFORMATION As at November 30, 2016: Shares Issued: Warrants: Options: 47,237,642 Nil Nil CONTACT 6475 Madrona Crescent West Vancouver, B.C. V7W 2J7, Canada E-mail: [email protected] Amanta Corporate 23
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