Company Information for Triple Plate Junction Plc

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Company Statement

Triple Plate Junction plc is a gold and mineral exploration company which listed on the Alternative Investment Market on the 19th of January 2004 at which time it completed a fundraising of £4.2 million.

On Listing Triple Plate Junction acquired Larchland Limited, which has interests in Mineral Exploration Licence Applications in Vietnam.

During the first half of 2004 Triple Plate Junction extended its focus it Papua New Guinea signing a number of Joint Ventures and securing three licences with five applications pending.

Triple Plate Junction has secured higly prospective exploration areas which have the potential to host world class gold and copper-gold deposits.

Triple Plate Junction will use its assets to build a significant gold producer, based on continuous identification, assessment, analysis and negotiation of controlling interests in first class gold deposits and areas with exceptional exploration potential.

Current Operations

Initial surveys suggest the areas of interest in Vietnam and Papua New Guinea contain the potential for significant gold deposits.  Many of these targes remain untested by modern exploration methods. In the Pu Sam Cap area (Vietnam), previous work by Normandy Mining Limited (now Newmont) and VRC suggest gold and silver being present in encouraging quantities, which if located in other parts of the world would already have been explored and probably developed into mining operations. The management of Triple Plate Junction is currently working towards full application approval, which after proper exploration may lead to a number of commercial projects. In Papau New Guinea TPJ has assembled an exciting portfolio of projects at a variety of stages on the exploration cycle from conceptual to drilling. This adds real balance to the TPJ's exploration portfolio.

Vietnam
Vietnam due to its political history, has had little Western involvement in mining exploration. As the political climate changed during the 1990s, key developments, including the 1996 New Mining Law encouraged mineral investment. Tiberon Minerals Limited, a Canadian mining company has developed the Nui Phao deposit, key evidence of the change in perception of Western investment and the potential of exploration success.

Four projects are planned for initial evaluation:
 - Pu Sam Cap
Current activities include compilation of all previous work, including Normandy Anglo Asia, Vietnam Resources Corporation into a GIS folio. Once the wet season is finished TPJ plans to conduct regional reconnaissance sampling over the entire block using the latest techniques of stream sediment sampling and Bulk leach extractable gold (BLEG) with the assistance of Newmont who have considerable expertise in these techniques.

 - Xi Pa & A Bung
The application areas contain gold in amphibolite skarn replacement bodies, with preliminary sampling returning values between 2.6-7.9g/t in skarn host rock outcrops.The region is in the same broad NW/SE structure that contains the +4 Moz Sepongold deposits in, Laos, 90km to the NW. Reports suggest potential for discovery of extensive structurally controlled skarn type gold mineralization in the Takara areas.

 - Lang Vai
This 100 sq km area is also being managed by Takara under the Tiberon Venture Agreements. The area has a history of investigation and extensive small-scale mining of gold and antimony, and reconnaissance mapping has has been carried out by Vietnamese government geologists and the French BRGM.

The Independent Expert has pointed out the presence of a favourable element suite of antimony-arsenic-mercury-gold anomalism gives potential for substantial carbonate hosted and stockwork bulk tonnage gold deposits.

Papua New Guinea
 - Crater Mountain
 - Lambuso
 - Oram
 - Wamum
 - Wau Block
 - Wedau

Geographical Spread

Vietnam - Pu Sam Cap, Xi Pa & A Bung, Lang Vai

Papua New Guinea - Crater Mountain, Lambuso, Oram, Wamum, Wau Block, Wedau

Board of Directors and Key Management

Major Shareholders

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