About Us
Unity Metals is an Australian public company that was incorporated on 2 July 2024 to enable its listing on the ASX.
Unity Metals is an Australian tax resident public company. The financial year of Unity Metals ends on 31 December annually.
Unity Metals’ primary purpose is gold and base metals exploration, discovery and development in South East Asia.
Prior to its incorporation, the Company’s initial activities commenced in 2013 with a focus on Myanmar (formerly Burma). In 2019, the Company was granted 4 exploration permits in Myanmar. Two of these were prospective for gold and base metals, and the other two were prospective for thermal coal.
Exploration on these projects was delayed due to the COVID-19 pandemic. Then, new project opportunities elsewhere in South East Asia were assessed following a coup d’ état in Myanmar on 21 January 2021.
In 2022, the Company decided to focus on mineral exploration opportunities in Cambodia.
Unity Metals (Cambodia) Co. Ltd (Unity Cambodia) was established in August 2022. The Company holds an 85% in Unity Cambodia (through its subsidiaries) and a local Cambodian partner holds the remaining 15% interest. The Company has entered into a shareholder’s agreement with the local partner, for the management of Unity Cambodia.
The Company lodged its first two exploration licence applications in Cambodia (Ngot and O’Phlay) in May 2022. Both of these areas are in the Mondulkiri Province and are prospective for gold.
The Ta Vaeng exploration licence application was lodged later in September 2022. This area lies within the Virachey National Park in the Ratanakiri Province of Cambodia and is prospective for copper and gold (Figure 1).
The Ngot and O’Phlay Licences were granted on 4 August 2023 for a period of 3 years and can be renewed twice, each time for an additional 2 years (total of 7 years).
Following the lodgement of an Interim Environmental and Social Impact Assessment report, Unity Metals’ Ta Vaeng exploration licence application was approved at an Inter-Ministerial Meeting chaired by the Ministry of Environment on 17 August 2023. A final letter of approval from the Minister of Environment is now pending, before the Ministry of Mines and Energy can proceed and issue this exploration licence.
Most recently, the Company has established a 100% owned company in Thailand, Unity Minerals (Thailand) Co., Ltd. (Unity Thailand) and lodged 14 Special Prospecting Licence (SPL) applications (collectively called the Loei Copper Gold Project) within the Loei Province in northern Thailand. These application areas are prospective for copper and gold.
