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30 JUN 2016

Change-Announcement of Cessation :
Resignation of Mohamad Radi Bin Jaafar as Plant Manager

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27 JUN 2016

General Announcement :
Sponsor's Statement

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27 JUN 2016

Request for Lifting of Trading Halt: Request for Lifting of Trading Halt

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27 JUN 2016

Placements: Proposed Placement Of 30,770,000 New Ordinary Shares In The Capital of The Company

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27 JUN 2016

Asset Acquisitions and Disposals: Proposed Acquisition Of GGT Manufacturing Sdn Bhd

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22 JUN 2016

Request for Trading Halt:
Request for Trading Halt

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15 JUN 2016

General Announcement::Change of Joint Company Secretaries and Registered Address

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13 May 2016

General Announcement::Additional Disclosure Required for Mineral, Oil & Gas Companies for 1st Quarter Ended 31/03/2016

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Anchor Resources Limited (43E)
listed at SGX-ST.

For more share market prices detail please refer to WWW.SGX.COM


For the Group to achieve sustainable growth and expansion we have devised sound strategies and plans which are currently being executed and implemented and will show positive results and developments in the near future.


Results from our existing exploration activities at the Lubuk Mandi Mine require further drilling and development of hard rock mining operations. Drillings are being conducted at the north pit of the Lubuk Mandi Mine to determine the area and scope of our mining operations. We also have plans to conduct further exploration and drilling activities at the Bukit Panji Property to obtain a resource estimate at the property.


Plans are being implemented to develop both the Lubuk Mandi Mine and the Bukit Panji Property by investing in mining-related infrastructure. Access roads are being constructed. Waste water facilities and waste water management are being realized. We are redeveloping existing open pits at the Lubuk Mandi Mine by contracting third-party contractors to provide earth-moving and related equipment to upgrade and improve our mining, extraction and processing facilities.


Our intention is to increase gold processing capacity from the current 350,000 tonnes to 600,000 tonnes of hard rock and/or tailings by the year 2017. Additional and larger electro- winning and CIL tanks plus the increasing of smelting capacity for our processing facilities are in the pipeline. Developing our processing of hard rock activities are being organised by purchasing and installing ball mills and crusher equipment.


The Group is currently in the process of applying and negotiating for new concessions in the state of Terengganu. We may expand our business in the future through strategic alliances, joint-ventures and mergers and acquisitions as part of our long term growth strategy with interested and suitable parties to create synergistic values with our existing business operations.


Strategic Location

Both our mines are located in Terengganu on the eastern gold belt of Peninsular Malaysia. The mines are also in close proximity to the state capital, Kuala Terengganu and are easily accessible to land, sea and air transportation with existing infrastructure and communications. The mines are also near potential local customers which enables the group to provide an efficient supply chain.


Currently, the group conducts processing of tailings for the sale of gold. Processing of tailings require lower capital expenditure compared to the processing of hard rock mining.


Our business model reduces exploration risks. We engage third party contractors for mining services which includes exploration and other technical requirements. This allows the group to get expertise from other sources while keeping our operating costs low.


The management team is headed and led by our Managing Director, Mr Lim Chiau Woei who has extensive knowledge of, and experience in, the mining industry. Our Board of Directors are also supported with a highly skilled and dedicated team of executive officers with more than 10 years of relevant experience in each of their respective fields.

  • DR. WILSON TAY, Non-Executive Chairman and Lead Independent Director

    "Asian markets have continued to be strong drivers of gold continues to be an effective commodity as a hedge against other investments, gold remains a long-term strategic asset and wealth preservation tool..."

  • MR. LIM CHIAU WOEI, Managing Director

    "I am optimistic that Anchor Resources will be able to grow into a notable stock in SGX’s minerals and oil & gas sector, and create good shareholder value for its investors. I look forward to taking Anchor Resources on its path of progress"


AMC consultants Pty. Ltd (AMC) was engaged by Angka Alamjaya Sdn.Bhd. (AASB), to prepare an independent qualified person’s report (IQPR) for the Lubuk Mandi gold project in Terengganu, Malaysia. The AMC director who has supervised the production of this IQPR is Mr. Andrew Hall and the competent person responsible for estimation and reporting of the exploration targets, exploration results and mineral resources for the project is Mr. Mark Berry.

The project is located in the district of Marang, approximately 17 kilometres south of Kuala Terengganu in the state of Terengganu in Peninsular Malaysia. The mineral assets included in the company comprise gold-bearing tailings mineral resources produced from previous open-pit mining and processing in the 1990s and 2000s, together with in situ gold mineral resources lying below the existing open pit. The project has been held by other parties since 1991. AASB has leased the Project from the State Economic Development Corporation of Terengganu in 2013 and has constructed and commissioned a plant to re-treat the tailings. AASB has assessed options to redevelop mining of the in situ gold mineralisation by deepening the existing open pit and processing them.

AMC has estimated mineral resources for both the in situ and tailings mineralisation. Most of the mineral resource has been categorised as Indicated Mineral Resource. No Measured Mineral Resource has been determined, due to the uncertainties associated with pre-2013 historical drilling, survey control, database integrity and a lack of quality assurance/ quality control (QA/QC). As at 30th September 2015, no ore reserves have been estimated. AASB has completed significant technical and economic analysis to support its investment decision. AMC has reviewed the company’s economic assessment to support the development of the tailings re-treatment operation, and considers it to be a reasonable basis for operation.


AMC recommends the following to be undertaken to progress the re-development of the open pit mining and processing operation:
Further drilling should be completed to:-

  • Define extensions to the existing mineral resources and upgrade Inferred Mineral Resources to and Indicated/Measured status for possible conversion to ore reserves.

  • Define the extents and geometry of individual lodes of in situ mineralisation. Diamond drilling to obtain orientated core is considered the best option to help define this structurally controlled gold deposit.

  • Define the boundary between oxide and fresh mineralisation to assist in assessing metallurgical characteristics and processing plant performance.

The Pre-Feasibility Study (PFS) should be completed soon to determine appropriate mining, processing, infrastructure, and economic parameters to support estimation and reporting of ore reserves. This will include additional metallurgical testwork to assess processing options, performance and gold recovery.

AMC also recommends that the following should be undertaken as part of the tailings re-treatment operation:

  • Further drilling to define the thickness of tailings material, the geometry of the dam at the margins of the tailings and to improve understanding of the local gold grade distribution laterally and vertically.

  • Routine surveying of the as-mined tailings material e.g. quarterly, to facilitate reconciliation of the resource model to processing plant production.

  • Establish tightly controlled processing plant sampling procedures to monitor daily plant performance and to facilitate accurate reconciliation with the resource model.

  • Establish tightly controlled cost reporting systems to facilitate prudent cost control management.

  • Investigate other deposits of tailings at site to assess opportunities to re-treat tailings that are not currently in the mineral resource inventory.