One Asia Resources Ltd is focused on the exploration and development of gold mines in South East Asia. The Company currently has two projects located on the Island of Sulawesi, Indonesia – Awak Mas and Pani.
The Awak Mas project in South Sulawesi is a multi-million ounce gold project joint ventured from Vista Gold Corp of USA whereby One Asia can earn 80% by completing a Definitive Feasibility Study. The project is held under a 100% owned 7th Generation Contract of work. In addition One Asia owns 90% of a joint venture with a local Indonesian entity on the Pani Project in North Sulawesi where over 500,000 ounces of oxide gold is indicated from previous work.
One Asia is undertaking a program to develop these projects into producing gold mines within the next 3 to 4 years with an annual production of 200,000 to 250,000 ounces of gold per annum.Company Website: www.oneasiaresources.com