30 August 2023 - Lane Xang Minerals Limited (LXML) participated in the handover ceremony of the Lilad-Lileng Gravity Water System to Nampakhen Villagers, Vilabouly District, which will be used for agricultural purposes. This project was made possible through the support of the LXML Community Trust Fund, provided by Lane Xang Minerals Limited at a total cost of US$ 10,612. The project's timeline started from July 24, 2020, to August 24, 2023, taking a total of three years to complete. The handover ceremony was attended by Mr. Valiya Sichanthongthip, Mayor of Vilabouly District, Office of Agriculture and Vilabouly District authorities, Mr. Saman Aneka, Managing Director of LXML, along with technical officers from the company, representatives from the public sector and Nampakhen village authorities, and the villagers.

The development project for the “Lilad-Lileng” Gravity Water System is set to provide a multitude of benefits directly to the people of Nampakhen Village. Most notably, it will facilitate food production in the area, thereby having a significant impact on the agricultural productivity of the local community. The system will provide a reliable source of water for irrigation throughout the year, enabling farmers to cultivate their crops even during the dry season. The resulting increase in income will improve their food security and the overall well-being of the community. This project is a testament to the LXML Community Trust Fund’s ongoing efforts to support sustainable development in the Vilabouly District.

During the event, Mr. Valiya's remarks highlighted the significant contribution of LXML in addressing the challenges facing the agriculture sector and local communities. Through its funding and focused efforts in agriculture, LXML has not only improved food security but also provided opportunities for local farmers to increase their productivity and income. The sustainable tourism initiatives supported by LXML have also helped to generate employment and income for the local communities, contributing to the overall economic development of the region. Furthermore, LXML's commitment to promoting farming and livestock through the provision of working capital has enabled farmers to access the necessary resources to improve their agricultural practices, leading to better yields and increased profitability.

Mr. Saman Aneka, Managing Director of LXML, emphasized the company's commitment to fostering sustainable development in the Vilabouly District. He highlighted ongoing initiatives, including the Community Trust Fund and the Fund for Assistance to the Disadvantaged Groups (FADG), which have provided a total of 1,200,000,000 kips to 54 families in need from 2019 to 2023. The Fund has supported implementing 260 projects in 47 communities, amounting to US$3.4 million. Mr. Saman also stated that LXML will continue to contribute to the socio-economic development of Laos by producing 6.2 tons of gold in 2023. He expressed confidence that these efforts will lead to long-term, sustainable growth and prosperity for the people of Vilabouly District.

The Chief of Nampakhen Village expressed his appreciation to the government and LXML management for their financial support and provision of equipment for the development of this project. This initiative serves as a valuable aid to bolster the growth of agriculture and foster the socio-economic advancement of Nampakhen Village. The project will provide a platform for residents to engage in agricultural production, thereby creating opportunities to earn a livelihood.

The Community Trust Fund project has provided numerous benefits for the local community residing in the surroundings of the Sepon mine for over 19 years. The funding has increased from US$96,000 to US$750,000 per year and will persist until the ultimate phase of the mining project is concluded.