Welcome To The Southern Arc Minerals HUB On AGORACOM
Exploring AU/AG/CU properties in Indonesia, JVs for Advancement
Southern Arc Minerals Inc. is an Indonesia-based Canadian mineral exploration company with an aggressive exploration, acquisition and growth strategy. The company's well-positioned and outstanding portfolio includes four active, advanced projects involving epithermal gold and high-potential gold-copper porphyry prospects on Lombok and Sumbawa islands. The company's key exploration project is the West Lombok project, a complex of several gold-rich copper porphyries and epithermal gold vein prospects located within Southern Arc's West Lombok property on Lombok Island. The company has entered into joint venture agreements with two major mining companies on its Taliwang, Sabalong and East Elang properties.
The company is advancing mineral properties in Indonesia, one of the world's most prospective precious metals regions, and which hosts two of the largest copper-gold mines in the world and a host of other important discoveries. Southern Arc's strategy is to focus on the acquisition, exploration and resource definition phases of the mining project cycle. Value will be unlocked by methods that maximize returns to Southern Arc shareholder, including farming out project equity to major mining companies once resources have been defined, and the majors will finance, develop and construct the mines. The company will retain significant minority equity positions to provide ongoing income to fund further exploration of new projects and possible dividends.
As significant milestones for the company, Southern Arc entered into joint ventures on three of its properties. The agreement with S.A. Vale will see the Sabalong and East Elang properties advanced through to and including the completion of bankable feasibility studies, if warranted, on each of the two properties. Newcrest Mining Ltd., the world's third-largest gold producer, entered into an agreement to advance the company's Taliwang gold-silver-copper property. The Taliwang agreement would see the sole funding of exploration and property advancement expenditures to a maximum of US$50 million or to a completed bankable feasibility study, whichever occurs first. Southern Arc is the initial operator on all three of the joint ventured properties.
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