Lane Xang Minerals Limited (LXML Sepon) operates the Sepon Gold and Copper Operation located in Vilabouly District, Savannakhet Province.

Lane Xang Minerals Limited is the registered name in Laos in which Chifeng Jilong Gold Mining Co., Ltd (Chifeng) owns 90% and the Lao Government owns 10%.

Since the operations commenced in 2003, Sepon has produced over 1.1 million tonnes of Copper cathode and over 1.5 million ounces of Gold doré. Sepon produced over 5,341 tonnes of copper  and 192,988 ounces of gold doré in 2021.

2022 Production guidance for Sepon is approximately 224,000 ounces of gold doré (7 tonnes) and 8,000 tonnes of copper cathode.

The Lao Government owns 10% of LXML.

Chifeng Jilong Gold Mining (Chifeng) owns 90% of LXML. 

Chifeng Gold is a Shanghai stock exchange-listed metals producer (SH:600988).

Chifeng Gold has four core mining operations in Chifeng and Hanfeng in China, LXML Sepon in Lao PDR and recently acquired Wassa Gold mine in Ghana. Its Chinese mines are of high grade with low operational costs located in China’s metallogenic belt.

The company is seeking to acquire more high quality gold projects to expand into a mid-tier international mining company.