At their virtual Annual Stockholders Meeting on 30 April 2025, Apex Mining Co., Inc. President and CEO Luis R. Sarmiento, ASEAN Eng., reported that subsidiary Asia-Alliance Mining Resources Corp. is pursuing an aggressive drilling campaign.
“On the strength of our Authority to Verify Minerals (ATVM), we started our resource validation in June 2024, focusing on geological mapping and bench sampling over 524 hectares,” said Sarmiento.
He confirmed that Asia-Alliance’s permitting process continues, though no timeline was provided due to its rigorous nature. “We will disclose relevant updates as they unfold,” Sarmiento assured stockholders.
The acquisition’s key strategic advantage is providing space for Apex Mining’s new tailings storage facility as the company progresses toward its planned 3000 tonnes per day capacity.
Sarmiento was joined by Corporate Secretary Atty. Silverio Benny J. Tan and Chairman Jose Eduardo J. Alarilla.
About Apex Mining: APX is publicly listed and operates the Maco Gold Mine in Davao de Oro. Its fully owned subsidiary, Itogon-Suyoc Resources, operates two Benguet mines (Sangilo in Itogon and Suyoc in Mankayan). Another fully owned subsidiary, Monte Oro Resources, Inc., manages APX’s other domestic and international business interests. APX acquired Asia-Alliance Mining Resources Corp. in February 2023.
