Database Licence and Royalty Agreement

DATABASE LICENCE AND ROYALTY AGREEMENT

 

TPJ is pleased to announce that it has signed a licence agreement with Newmont Exploration Pty Ltd (“Newmont”), a subsidiary of Newmont Mining Corporation (NYSE:NEM), pursuant to which TPJ will be granted access to Newmont’s proprietary database covering various exploration activities in Myanmar (formerly known as Burma), Lao PDR, Malaysia, Indonesia and Cambodia. The licence agreement is for an initial term of two years and may be extended thereafter. TPJ will also utilize Newmont’s proprietary Bulk Leach Extractable Gold (“BLEG”) technology and a limited number of TPJ’s BLEG samples will be processed in Newmont’s laboratory located in Perth, Western Australia. In consideration, TPJ will pay the reasonable costs associated with processing the BLEG samples and will grant to Newmont a 1% net smelter royalty over any property with a certified resource of 1 million or more ounces of gold equivalent in which TPJ subsequently takes an interest in pursuant to its use of the database or BLEG sample locations at any time during the period of the licence agreement or up to two years thereafter.

Tony Shearer, Chairman of the Company, commented:

“Access to Newmont’s South-East Asia database represents an excellent opportunity for TPJ to conduct exploration analysis at a fraction of the cost that would otherwise be associated with such a task. We are grateful for Newmont’s continued support

We are in the process of negotiating with an experienced exploration team to help us take advantage of this opportunity, and I hope that we will be able to make an announcement about this in a few weeks time.”

 

Enquiries

Triple Plate Junction

Tony Shearer                           tony.shearer@tpjunction.com

finnCap Ltd                              +44 (0)20 7220 0500

Matthew Robinson/Christopher Raggett