ANCHOR RESOURCES LIMITED

Anchor Resources was founded with the establishment of our Malaysian subsidiary, Angka Alamjaya Sdn. Bhd., in November 2011.

We are headquartered in Malaysia and the Group is principally engaged in the business of exploration, mining and production of gold for sale in Malaysia. The group has concession rights at The Lubuk Mandi Mine located in the state of Terengganu, Malaysia.

Our focus currently is for mining and production of gold at The Lubuk Mandi Mine and our processing facilities utilise the gold treatment and extraction method of flotation to produce gold from tailings material with gold recoveries.

  • Lebuk Mandi Factory
  • Lebuk Mandi Factory
  • Lebuk Mandi Factory

THE MINES

The Lubuk Mandi Mine is located at the Eastern gold belt in Peninsular Malaysia and is one of the four recognised gold belts in the country extending from Mersing in Johor to the Lubuk Mandi mine and further north. The mine is within 2 km from the East cost of Terengganu and approximately 17 km south of the capital, Kuala Terengganu. The Bukit Panji Property is also located at the Eastern gold belt in Peninsular Malaysia and is approximately 10 km from Kuala Terengganu and approximately 4 km north of the Lubuk Mandi Mine.

LEBUK MANDI MINE

  • The mine consists of two leases which cover an aggregate area of approximately 221.53 hectares.
  • The Company was granted concession rights in February 2013
  • The mine operates with a current capacity of 350,000 tonnes per annum at the on-site processing facility, and the ability to increase throughput to 600,000 tonnes per annum with key components in place.
  • Between the months of July and December 2015, the mine recorded sales of approximately 142.5 oz of gold amounting to RM0.68 million.



THE PROSPECTS FOR THE GOLD MINING INDUSTRY ARE GOOD


  • Demand For Gold
    There will always be a consistent global demand for gold as it has been historically viewed as a hedge against inflation.
  • Market For Gold In Asia
    Huge market for gold as investments, ornaments and jewellery in Asia especially China & India. Recent developments in the Asian gold markets provide a conducive environment for exponential growth of our group’s business.
  • Fears & Doubts Over Reserve Currencies
    Stability of major reserve currencies has been questionable. The global trend shows that there may be a shift towards gold as an investment as it is viewed as a more stable currency.
  • Banks & Foreign Exchange Reserves
    Global economic turbulences could prompt banks to lower currency reserves and increase gold reserves.