Angkor says ex-partner CCC fails to meet obligations

Executive Summary

• Angkor Resources terminated its letter agreement with former partner Canada Copper Corp. (CCC) for the Andong Bor licence after CCC failed to meet contractual obligations.
• The company commenced drilling on the 100.29 km² licence in early July to satisfy Ministry of Mines and Energy renewal requirements, but drilling was suspended due to a border conflict between Thailand and Cambodia; core samples have been sent for assay.
• Angkor is proceeding with its strategic plan and will continue exploration pending assay results and licence renewal later in August.

Key Details

• Termination of Partnership: Notice of default filed on July 1, 2025; letter agreement with CCC terminated; joint relationship declared null and void.
• Licence Description: Andong Bor licence covers 100.29 km² across Oddar Meanchey and Banteay Meanchey provinces, near the Thailand border; contains indications of a copper‑gold porphyry system.
• Regulatory Requirement: Ministry of Mines and Energy mandates drilling work each term; first three‑year term renewal due in late August 2025.
• Drilling Activity: Funded and initiated early July 2025; drilling halted for safety because of Thailand–Cambodia border conflict; core samples dispatched to laboratory for assay analysis.
• Future Plans: Angkor will review assay results and continue exploration activities; licence renewal is being pursued in accordance with its strategic plan.
• Qualified Person: Dennis Ouellette, BSc, PGeo (APEGA No. 104257), Vice‑President of Exploration, reviewed and approved the technical disclosure per NI 43‑101.

Notable Quotes

(No direct quotes were provided in the release.)