2.
Loei Copper Project Puthep Company Limited, one of our affiliates has joined efforts with the Australian mining company, Pan Australian Resources, in order to develop the copper deposits at PUT1 and PUT2 near Loei province. At PUT 1 the current resource is 80 million dmt @0.5% Copper at a cut-off grade of 0.1% Copper. At PUT 2 the current resourceis 32 milliondmt @ 0.4% Copperat 0.1%Copper cut-off. The Cabinet has granted access since June 2004 to 1A water shed for the feasibility study and given in-principle approval for mining application but subject to some conditions that have not been finalized yet. 3.
Kaiso Project - Lao People's Democratic The Kaiso Mining Lease expired on June 2004. The proposal for extension of ML has been made for another 3 years. Laos Government has approved it since September 2004. Padaeng (Laos) has applied to expand the current exploration area to be 800 square kilometers for another five years. Table 2: Summary of Mae Sot Mining and Exploration Tenements License Number
Type
Area (Ha)
Date Granted
Expiry Date
20780/13286 20781 /13285 20782/13287 25697/14388 30769/15525 1/2547 1/2545 2/2545 3/2545 1/2545 2/2545 3/2547
ML ML ML ML ML MLA SPL SPL SPL SPLA1 SPLA1 SPLA2
14.36 11 .46 14.22 0.89 39.38 47.77 1,600.00 1,120 .00 1,600.00 786,72 1,487.68 900.00
18/10/1982 18/10/1982 18/10/1982 30/04/1991 11/07/2002 On going 25/03/2002 25/03/2002 25/03/2002 09/2004 09/2004 11/2004
17/10/2007 17/10/2007 17/10/2007 29/04/2008 10/07/2017
* Note : ML MLA SPL SPLA1 SPLA 2
24/03/2004 24/03/2004 24/03/2004
= = = =
Mining Lease Mining Lease Application at Hualon, applied since March 2004 Special Prospecting License Re-applied New Special Prospecting Licenses since October 2002 Approved by the Mineral Act Committee since June 2004 = Re-applied New Special Prospecting License since April 2004 Approved by the Mineral Act Committee since October 2004
17 Padaeng Industry Public Company Limited Annual Report 2004