Michael Stott

Lane Xang Minerals Limited

Lane Xang Minerals Limited (LXML Sepon) operates the Sepon Gold and Copper Operation located in Vilabouly District, Savannakhet Province. Lane Xang Minerals Limited is the registered name in Laos in which Chifeng Jilong Gold Mining Co., Ltd (Chifeng) owns 90% and the Lao Government owns 10%. Since operations commenced in 2003, LXML Sepon has produced over 1.1 million tonnes of copper cathode and over 1.5 million ounces of gold doré and has contributed over US$1.6 billion in direct revenue to the Lao Government through taxes, royalties and dividends. Indirect benefits through employment, training, community, and local business development programs have also contributed significantly to social and economic development in the Lao PDR. In 2021, Sepon produced over 5,341 tonnes of copper and 192,988 ounces of gold doré. 2022 production guidance for Sepon is approximately 224,000 ounces (7 tonnes) of gold doré and 8,000 tonnes of copper cathode.