Angkor Resources Reports Copper Mineralization Over 286 Metres At Thmei North Prospect, Cambodia
Debt-Free Pivot to Cambodian Frontier Exploration Following Strategic Asset Sale
The most recent news (March 11, 2026) reports significant copper mineralization at the Thmei North prospect (Andong Bor license) in Cambodia. Drill hole AB25-009 returned 0.13% Cu over 286.2 meters, with grades improving at depth to 0.22% Cu in the final 67.3 meters. The hole ended in mineralization. This follows the March 6, 2026, announcement of the successful closing of the Evesham oil asset sale in Saskatchewan for $4.8 million, which effectively eliminated $3.8 million in debt and added $1.0 million in cash.
The impact is Routine - Positive. While the drill results show a large mineralized system, the grades (0.13% to 0.25% Cu) are relatively low for a primary copper project at this stage, though the "ending in mineralization" aspect and increasing grades at depth provide a valid geological catalyst.
The more material transformation occurred just days prior with the Evesham sale. By offloading the Saskatchewan production, Angkor has transitioned from a debt-burdened junior to a clean-balance-sheet explorer. This allows management to focus entirely on its high-reward/high-risk Cambodian portfolio: - Block VIII (Oil & Gas): 4 identified drill targets; first onshore drilling in Cambodia's history. - Andong Meas/Bor (Copper/Gold): Large-scale porphyry and skarn targets.
Angkor is a multi-commodity explorer focused on Cambodia. - Flagship Project: Block VIII Onshore Oil & Gas. It covers 4,277 sq km. Seismic data has identified four major prospects (South, Central, North Bokor, and Mussel Basin). - Secondary Focus: Andong Bor (Copper) and Andong Meas (Gold).