About Southern Arc Minerals
Southern Arc has focused its exploration efforts to date on gold and copper-gold mineral properties in southern Indonesia, one of the most prospective mineralized regions in the world. Indonesia's Sunda-Banda magmatic arc includes numerous high-quality gold and copper-gold deposits, including Batu Hijau and Grasberg, two of the world's largest copper-gold mines. Southern Arc was among the first companies to establish a foothold in the region and has chosen to focus its activities along this prospective formation, with an early-stage property on Sumbawa Island and the company's flagship West Lombok property on Lombok Island. The Company published the first resource estimate for the West Lombok property in July 2013, with an inferred resource totaling 1.49 million ounces of gold, 1.82 million ounces of silver and 397.3 million pounds of copper from three open-pittable epithermal gold deposits and one porphyry copper deposit. Further details are available in the press release and technical report. In December 2012, Southern Arc announced its intention of diversifying its portfolio by investing in projects outside of Indonesia. In August 2013 Southern Arc purchased 26% of Eagle Hill Exploration. Working with Dundee Corporation, the Company advanced Eagle Hill's Windfall Lake Gold Project through a number of successful drilling campaigns and completion of a Preliminary Economic Assessment. In August 2015, Eagle Hill was acquired by Oban Mining for a 258% premium over market price, and Southern Arc currently holds a substantial investment in Oban Mining, with both shares and warrants. Further to its diversification strategy, in 2015 Southern Arc applied for 80 exploration licenses in Northern Japan, an area with a long history of mining but very little exploration. Southern Arc's management team has extensive exploration and corporate development experience, including decades of experience in Indonesia. The company's executive team, Board of Directors and Boar