Austindo Resources

ANNOUNCEMENTS

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2010 Announcements

DATE ANNOUNCEMENT PDF File
29 July ARX – ANGLO AMERICAN STRATEGIC ALLIANCE EXTENDED IUP GRANTED FOR AISASJUR PROJECT (152K)
28 July APPENDIX 5B - JUNE 2010 QUARTER CASHFLOW REPORT (72K)
26 July NOTICE OF GENERAL MEETING AND EXPLANATORY STATEMENT (208K)
26 July HIGH-GRADE GOLD/SILVER INTERSECTED AT THE KOJAN PROSPECT, TRENGGALEK, INDONESIA (444K)
19 July ARC IDENTIFIES NEW GOLD PROSPECT AT BIMA, EAST SUMBAWA, INDONESIA (968K)
19 July ALLOTMENT OF SHARES AND OPTIONS TO MAXIDRILL - DRILLING CONTRACTOR (340K)
28 June GOLD-COPPER MINERALISATION INTERSECTED AT BULUROTO PROSPECT, TRENGGALEK PROJECT, INDONESIA (504K)
18 June UPDATE ON SCOUT DRILLING AT TRENGGALEK GOLD PROJECT IN INDONESIA (788K)
27 May UPDATE ON SCOUT DRILLING ON THE TRENGGALEK GOLD PROJECT IN INDONESIA (456K)
21 May RESULTS OF ANNUAL GENERAL MEETING (156K)
21 May CHAIRMAN'S ADDRESS ANNUAL GENERAL MEETING (132K)
19 May APPENDIX 3B - SHARE ISSUE ON EXERCISE OF ARXOA OPTIONS (268K)
19 May APPENDIX 3B - GRANT OF EMPLOYEE OPTIONS (272K)
19 May CORPORATE PROFILE (PDF FILE - 2.3MB) (2.3MB)
13 May IUP CONVERSION & EXPLORATION UPDATE BIMA PROJECT IN EAST SUMABAWA (472K)
30 April APPENDIX 5B - MARCH 2010 QUARTER CASHFLOW REPORT (216K)
19 April ANOMALOUS SOIL AND ROCK SURFACE RESULTS FROM BIMA PROJECT IN EAST SUMABAWA (456K)
19 April NOTICE OF AGM AND EXPLANATORY STATEMENT (344K)
19 April ANNUAL REPORT 2009 (2.9MB)
16 April DRILLING EXTENDS STRIKE OF WEST SENTUL VEIN AT TRENGGALEK (676K)
16 April MARCH 2010 QUARTER ACTIVITIES REPORT (864K)
29 March FURTHER ENCOURAGING DRILL RESULTS FROM TRENGGALEK (896K)
25 March NOTIFICATION OF DATE OF ANNUAL GENERAL MEETING (172K)
25 March FINANCIAL REPORT - YEAR ENDED 31 DECEMBER 2009 (1.1MB)
12 March ENCOURAGING DRILLING RESULTS FROM THE TRENGGALEK GOLD PROJECT IN INDONESIA (1.6MB)
24 February APPENDIX 3B - ALLOTMENT OF OPTIONS (272K)
24 February APPENDIX 3B - ALLOTMENT OF SHARES UPON EXERCISE OF OPTIONS (268K)
15 February ARC EXPLORATION EXPLORES FOR GOLD IN INDONESIA (636K)
11 February CLEANSING STATEMENT (SECTION 708A) (116K)
11 February APPENDIX 3B - APPLICATION FOR QUOTATION OF SHARES AND OPTIONS (268K)
10 February PRICE QUERY (132K)
01 February DRILLING COMMENCES ON TRENGGALEK GOLD PROJECT, EAST JAVA (336K)
28 January ENCOURAGING NEW GOLD RESULTS FROM THE TRENGGALEK PROJECT, EAST JAVA (348K)
22 January DECEMBER 2009 QUARTER ACTIVITIES REPORT (792K)
21 January APPENDIX 5B - DECEMBER 2009 QUARTER CASHFLOW REPORT (220K)
20 January APPENDIX 3B - EXERCISE OF ARXOA OPTIONS (272K)
2009 ANNOUNCEMENTS
2008 ANNOUNCEMENTS
2007 ANNOUNCEMENTS
2006 ANNOUNCEMENTS
2005 ANNOUNCEMENTS


29 July

ARX – ANGLO AMERICAN STRATEGIC ALLIANCE EXTENDED IUP GRANTED FOR AISASJUR PROJECT

Arc Exploration Limited (ASX Code: ARX) is pleased to announce that its Strategic Alliance (the “Alliance”) with Anglo American (“Anglo”) to explore for copper and gold in the giant porphyry provinces of Papua and West Papua, Indonesia has been extended to 2014. As a result of the Alliance, nearly 1,000 km2 of exploration ground has been secured under the new Indonesian IUP tenement system.

Exploration data received from Anglo confirms that the project contains potential for multimillion ounce bulk tonnage gold and porphyry-related copper-gold deposits.

Further exploration in the Aisasjur project area is in the planning stage, with a helicopter-borne magnetics survey, stream sediment sampling and regional reconnaissance programs proposed.

Strategic Alliance Extended

The focus of the Alliance with Anglo is to explore for large copper-gold porphyry deposits in the Provinces of Papua and West Papua in Indonesia. Key elements of the Alliance, which has now been extended to 2014, are summarised as follows:

  • If it wishes to retain its 80% interest in the Alliance projects, Anglo will sole fund exploration expenditure through to the first decision to mine;
  • ARX’s 20% interest is carried (not free carried) through to a Decision to Mine at which time ARX becomes liable to repay 10% of exploration and predevelopment costs out of its share of project proceeds (non-recourse to ARX);
  • If following completion of a Feasibility Study, Anglo makes a Decision to Mine then a Joint Venture shall be formed and each of Anglo and ARX shall participate (and fund capital expenditure) according to their 80/20 project interests. ARX dilutes if it does not contribute;
  • In the event that a resource of less than one million tonnes of contained copper equivalent or 1 million ounces of gold is identified, then Anglo may not offer any interest in the resource to a third party without first making an offer to ARX either that such project revert to ARX on an 80/20 basis (with ARX holding 80%) or that 100% be transferred to ARX with Anglo retaining a 2% NSR;

Together with Anglo, ARX believes that the Provinces of Papua and West Papua are highly prospective for large copper and gold deposits. The Alliance has the potential to add very significant value to ARX and it looks forward to continuing to work with Anglo in this regard.

Exploration IUP Granted for Aisasjur Project

The amalgamation of the three Aisasjur KP’s into a single Mining Business Licence (IUP) was recently completed. The new Exploration IUP, covering an area of 99,410 hectares (just under 1,000 km2), was signed by the Governor of West Papua on 15 April 2010 and is valid for 7 years.

About the Aisasjur Project

The project is located in remote, heavily forested and mountainous terrain at about the centre of the Bird’s Head peninsula in West Papua. The project area has no major road network and access is mainly by helicopter (about 1 hour) via the major provincial towns of Sorong and Manokwari.

The Aisasjur Prospect, which has been the focus of exploration activity to date, was originally identified from gold/multi-element stream sediment anomalies detected in a regional reconnaissance survey by Normandy Anglo Asia Ltd in 1995. Trenching completed on +2 km2 ridge-and-spur gold soil anomaly produced encouraging surface results that included 80 m at 1.2 g/t gold, and locally higher grades of 10 m at 12.7 g/t gold, with coincident arsenic, antimony and mercury anomalism. Scout drilling by Normandy returned strongly mineralised intercepts in extensive vein stockworks, including 28.4 m at 1.10 g/t gold from 16.6 m (ASD-2), 32 m at 4.2 g/t gold from 251.3 m (ASD-5), 55 m at 2.1 g/t gold from 214.75 m (ASD-7), and 143.3 m at 0.3 g/t gold from 3 m (ASD-8). This work clearly demonstrated potential for a major bulk tonnage gold target but was not pursued for non-technical reasons.

The Strategic Alliance signed between ARX and Anglo in 2005 was based on a re-evaluation of the historic data, and on the recognition that porphyry intrusions intersected in the earlier drilling program have a similar age and strong geochemical affinities with intrusive rocks hosting the giant copper-gold deposits at Grasberg and Ertsberg, located about 600 km to the southeast. These world-class copper-gold deposits are associated with Pliocene porphyry systems emplaced into Cretaceous and Tertiary age clastic sedimentary rocks and limestone. A similar geological setting is demonstrated at Aisasjur, where a Pliocene-age intrusive complex is associated with an extensive intermediate-sulphidation epithermal gold system.

Two phases (2006 and 2008) of scout diamond drilling have been completed under the ARX-Anglo strategic alliance. These have targeted porphyry-style copper-gold mineralisation hosted at depth within the intrusive complex. Both programs confirmed the presence of porphyry-style alteration and mineralisation, preserved beneath the shallower epithermal gold system, and included intercepts of 13 m at 0.21% copper and 0.51 g/t gold from 561 m (ASD-23) and 192.8 m at 0.13% copper & 0.19 g/t gold from 698.2 m (ASD-26). They also confirmed the presence of widespread gold intercepts associated with the shallower overprinting epithermal gold mineralisation and included intercepts of 68.8 m at 0.49 g/t gold from 322 m (ASD-24), 9 m at 3.24 g/t gold from 124.3 m, 18 m at 1.58 g/t gold from 415 m, and 39 m at 1.25 g/t gold (ASD-28), and 14 m at 3.23 g/t gold from 219 m (ASD-29). A total of 11,164 m has been drilled (including Normandy) in 30 holes at Aisasjur to date.

Exploration work at Aisasjur has highlighted potential for a multimillion ounce, bulk-tonnage gold resource. Surface work and drilling have proved the occurrence of gold mineralisation over an area of greater than 1 km2 and persisting to a depth of at least 700 m.

Although the copper-gold grades obtained from the deeper drilling completed to date are low, the copper/gold ratios and the presence of bornite in the deeper porphyry-related quartz-pyrite-pyrrhotite-chalcopyrite veins give the alliance partners strong encouragement that copper-gold rich porphyry deposits are present in the project area.

Further exploration in the Aisasjur project area is in the planning stage, with a helicopter-borne magnetics survey, stream sediment sampling and regional reconnaissance programs proposed.

The Company has three projects; Aisasjur, part of the Strategic Alliance with the Anglo American Group in West Papua, the subject of this announcement, Trenggalek in East Java, and Bima in East Sumbawa.

Exploration results presented here are from technical data provided by P.T. Minorco Services Indonesia, an Indonesian subsidiary company of the Anglo-American Group. This information has been summarised by Mr Brad Wake, who is a member of the Australian Institute of Geoscientists. Mr Wake has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as Competent Persons as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.’ Mr Wake is a full time employee of Arc Exploration Limited and consents to the inclusion in this report of the matters based on their information in the form and context in which it appears.

For further information please contact:

Andrew J. Cooke
Company Secretary
Tel: + 61 2 9419 8044
Email: andrewcooke@arx.net.au

Or visit the website: www.arcexploration.com.au


26 July

Notice of General Meeting
and Explanatory Statement

10.30 a.m.
Friday 27 August 2010
Suite 1502, Level 15, Tower B
799 Pacific Highway, Chatswood NSW

Notice of General Meeting

NOTICE is given that a General Meeting of the Company will be held at Suite 1502, Level 15, Tower B, 799 Pacific Highway, Chatswood at 10.30 a.m. on Friday 27 August 2010.

  1. Approval of Previous Issue of shares and options to Drilling Contractor

    To consider, and if thought fit, to pass the following resolution:

    “That, for the purposes of Listing Rule 7.4 of the Listing Rules of the Australian Securities Exchange and for all other purposes, the issue of shares and options by the Company to Southo Investments Limited as set out in the Explanatory Statement annexed to and forming part of this Notice of Meeting, be approved”

    The company will disregard any votes cast on Resolution 1 by:
    • Southo Investments Limited; and
    • an associate of any of that person.

    However, the Company need not disregard a vote if:
    • it is cast by a person as proxy for a person who is entitled to vote, in accordance with the directions on the proxy form; or
    • it is cast by the person chairing the meeting as proxy for a person who is entitled to vote, in accordance with a direction on the proxy form to vote as the proxy decides.

  2. Approve Proposed Issue of shares and options – to Drilling Contractor

    To consider, and if thought fit, to pass the following resolution as an ordinary resolution of the Company:

    “That for the purpose of Listing Rule 7.1 of the Listing Rules of the Australian Securities Exchange and for all other purposes, the proposed issue by the Company of the shares and options, to Southo Investments Limited as set out in the Explanatory Statement annexed to and forming part of this Notice of Meeting, be approved.”

    The Company will disregard any votes cast on Resolution 2 by:
    • Southo Investments Limited; and
    • a person who might obtain a benefit, except a benefit solely in the capacity of a holder of ordinary securities, if the resolution is passed; and
    • an associate of that person (or those persons).

    However, the Company need not disregard a vote if:
    • it is cast by a person as proxy for a person who is entitled to vote, in accordance with the directions on the proxy form; or
    • it is cast by the person chairing the meeting as proxy for a person who is entitled to vote, in accordance with a direction on the proxy form to vote as the proxy decides.

Dated at Sydney, on the 21st day of July 2010

By order of the Board
Andrew J. Cooke
Company Secretary

Proxies

• A shareholder entitled to attend and vote at this meeting is entitled to appoint a proxy or not more than two proxies to attended and vote instead of the shareholder.

• Where two proxies are appointed:
(i) a separate proxy Form, should be used to appoint each proxy;
(ii) the Proxy Form may specify the proportion, or the number, of votes that the proxy may exercise, and if it does not do so the proxy may exercise half of the votes.

• A shareholder can appoint any other person to be their proxy. A proxy need not be a shareholder of the Company. The proxy appointed can be described in the Proxy Form by an office held eg “the Chair of the Meeting”.

• In the case of shareholders who are individuals, the Proxy Form must be signed:
(i) if the shares are held by one individual, by that shareholder;
(ii) if the shares are held in joint names, by any one of them.

• In the case of shareholders who are companies, the Proxy Form must be signed:
(i) if it has a sole director who is also sole secretary, by that director (and stating the fact next to, or under the signature on the Proxy Form);
(ii) in the case of any other company by either two directors or a director and secretary.

The use of the common seal of the company, in addition to those required signatures, is optional.

• If the person signing the Proxy Form is doing so under a power of attorney, or is an officer of a company outside those referred to above but authorised to sign the Proxy Form, the power of attorney or other authorisation (or a certified copy of it), as well as the Proxy form, must be received by the Company by the time and at the place specified below.

• A Proxy Form accompanies this notice. To be effective, your proxy must be received by the Company no later than 48 hours before the time for the holding of the meeting :
(i) by facsimile : on 02 9419 8099 (with Australia) or +61 2 9419 8099 (from outside of Australia) ;

or

(ii) by mail :
Arc Exploration Limited
Suite 1502, Level 15, Tower B
799 Pacific Highway
Chatswood NSW 2067, Australia

SHAREHOLDERS WHO ARE ENTITLED TO VOTE

In accordance with the Corporations Act 2001 (Cth), the directors have determined that a person’s entitlement to vote at the meeting will be the entitlement of that person set out in the register of members as at 7.00pm on Wednesday 25 August 2010.


EXPLANATORY STATEMENT

IMPORTANT NOTICE

This Explanatory Statement contains an explanation of, and information about, each of the resolutions to be considered at the General Meeting. It is given to Arc Exploration Limited’s Shareholders to help them determine how to vote on the matters set out in the accompanying Notice of Meeting. Shareholders should read this Explanatory Statement in full, because individual Sections may not give a comprehensive review of the proposals contemplated in this Explanatory Statement. This Explanatory Statement forms part of the accompanying Notice of Meeting and should be read with the Notice of Meeting. If you are in doubt about what to do in relation to the proposal, you should consult your financial or other professional adviser.

General information relating to Resolutions 1 and 2 relating to the issue of shares and options

On 7 October 2009 the Company announced that it had entered into a strategic alliance with PT Maxidrill Indonesia (“Maxidrill”) (a leading drilling contractor in Indonesia) to undertake a 5,000 metre diamond core drilling program at the Company’s Trenggalek Project at its own cost in exchange for shares and options in the Company.

The total estimated value of the Drilling Agreement is up to US$825,000 (approximately A$1,000,000 at an exchange rate of 0.825).

The Company has in the past and, subject to ongoing shareholder approval, proposes in future to pay for these drilling services by the issue of fully paid ordinary shares and options on the same pricing and terms which applied in respect of the Placement and Rights Issue undertaken by the Company in October/November 2009 for the value of the contract as it is performed.

Drilling commenced in February of 2010 and is now nearing completion.

Payment for the drilling services has been and will continue to be made in accordance with the terms of a Share Payment Agreement which the Company, Maxidrill and Maxidrill Pte Ltd (“Maxidrill Singapore”) entered into on 6 October 2009. The Company and Maxidrill have agreed that Maxidrill will receive payment for the services performed by it pursuant to the Drilling Agreement by the issue of shares and options to Southo Investments Limited (“Southo” - a company nominated by Maxidrill Singapore) at the same issue price applicable to the October/November 2009 Rights Issue, being $0.018 cents per share with the options attaching (for no additional consideration) on the basis of 1 option for every 2 new shares subscribed for.

The options to be issued will have an exercise price of 3.6 cents per share exercisable on or before 31 January 2011. The options have the same terms as the Company’s ARXOA which are listed on the Australian Securities Exchange. These terms are summarised in the Attachment to this Explanatory Statement.

The number of shares to be issued with respect to each invoice will be the Australian dollar equivalent of any invoice amount divided by $0.018. The number of options shall be one for each two shares issued.

The Company obtained similar approval for the issue of shares and options for drilling services at its General Meeting held in December 2009. Due to timing issues in relation to the drilling services provided and the subsequent receipt of invoices for such services, no shares or options were issued pursuant to that particular shareholder approval which has now lapsed.

As foreshadowed in the meeting materials annexed to the notice of meeting for the General Meeting held in December 2009, shares and options have been issued to Southo under the Board’s capacity to issue up to 15% pursuant to ASX Listing Rule 7.1 and will, subject to the shareholder approval now being sought, continue to be issued to Southo on an ongoing basis for work undertaken by Maxidrill.

The Company may, by written notice to Maxidrill, elect to effect the payment of any invoice to Maxidrill pursuant to the Drilling Agreement in cash, where the Company determines that Southo and its associates hold or would hold as a result of the issue of shares a relevant interest in more than 19.9% of the issued voting shares of the Company. At this stage the Company does not envisage that payment in cash will be necessary.

The Company will apply to the ASX for quotation of all of the shares and options to be issued pursuant to Resolution 2.

Resolution 1. Approval of Previous Issue of Shares and Options

The Company allotted and issued 24,244,427 fully paid ordinary shares at $0.018 per share and 12,122,214 ARXOA Options for no additional consideration to Southo Investments Limited for drilling services as set out below:

Date of
Issue
Value of
Drilling Work
Undertaken
and Invoiced
A$
Number of
Shares Allotted
Number of
Options Issued
28 May 2010 105,086 5,838,115 2,919,057
25 June 2010 155,977 8,665,414 4,332,707
16 July 2010 175,336 9,740,898 4,870,450

436,399 24,244,427 12,122,214

ASX Listing Rule 7.1 limits the number of equity securities that a company may issue without member approval to 15% of the issued capital of the company in any 12 month period (subject to certain exceptions).

ASX Listing Rule 7.4 allows an issue of securities to be subsequently approved by shareholders and treated as having been made with approval of shareholders for the purpose of ASX Listing Rule 7.1. The Company is seeking subsequent shareholder approval for the issue of shares under ASX Listing Rule 7.4 to refresh the Company’s capacity to issue up to 15% of its issued shares, if required, in the next 12 months without the need to obtain shareholder approval.

All of the shares being the subject of this resolution are ordinary fully paid shares which rank equally with all of the Company’s existing ordinary fully paid up shares and are quoted on the ASX.

All of the options being the subject of this resolution rank equally with all of the Company’s existing ARXOA options which have an exercise price of 3.6 cents and an expiry date of 31 January 2011 and are also quoted on the ASX. The terms are summarised in the Attachment to this Explanatory Statement.

There were no funds raised from the issue of the shares and options as they were issued in satisfaction of payment obligations under the Drilling Contract and in accordance with the Share Payment Agreement.

In the event that the options are exercised the funds raised will be applied to the Company’s exploration activities in Indonesia, in particular to mapping, soil sampling, trenching, targeting of drill hole locations and drilling at the Trenggalek and Bima projects. In addition the funds may be applied to generative work to identify new exploration prospects in Indonesia and for working capital purposes.

Resolution 2.
Approve Proposed Issue of shares and options – Drilling Contractor

ASX Listing Rule 7.1 limits the number of equity securities that a company may issue without member approval to 15% of the issued capital of the company in any 12 month period (subject to certain exceptions, including where prior shareholder approval is obtained).

If the issue of the securities has the prior approval of the shareholders in accordance with the proposed resolution, the issue will not be included in the 15% limit on the Company to raise funds without shareholder approval.

The Company is seeking shareholder approval of the shares and options to be issued to Maxidrill Singapore under ASX Listing Rule 7.1 so that such number of securities as may be issued within three months of the date of the General Meeting will not be included in the 15% calculation set out in ASX Listing Rule 7.1. Any further shares and options that may be issued to Southo after 27 November 2010 pursuant to the Share Payment Agreement will be issued by the Company either within the Company’s 15% capacity in accordance with ASX Listing Rule 7.1. or with further shareholder approval.

For the purposes of this resolution and the approval sought pursuant to ASX Listing Rule 7.1 only, the maximum number of securities to be issued to Southo will be 31,000,000 shares (with 15,500,000 attaching options) assuming the following:
1. The maximum amount that may be invoiced for drilling services provided during this period is not expected to exceed US$460,000;
2. An exchange rate to the US$ of 0.825

The shares and options will be issued at prices of $0.018 and no additional consideration respectively.

There will be no funds raised from the issue of the shares and options as they will be issued in or toward satisfaction of payment obligations under the Drilling Agreement and in accordance with the Share Payment Agreement.

In the event that the options are exercised the funds raised will be applied to the Company’s exploration activities in Indonesia, in particular to mapping, soil sampling, trenching, targeting of drill hole locations and drilling at the Trenggalek and Bima projects. In addition the funds may be applied to generative work to identify new exploration prospects in Indonesia and for working capital purposes.

The shares and options will be issued and allotted on dates determined by the board of the Company to occur progressively within three months of the date of the meeting.

All of the shares being the subject of this resolution are ordinary fully paid shares which rank equally with all of the Company’s existing ordinary fully paid up shares and are quoted on the ASX.

All of the Options being the subject of this resolution will rank equally with all of the Company’s existing ARX0A options which have an exercise price of 3.6 cents and an expiry date of 31 January 2011 and will also be quoted in the ASX. The terms of the Options are summarised in the Attachment to this Explanatory Statement.

ATTACHMENT
TERMS OF NEW OPTIONS

(a) Each New Option entitles the holder the right to subscribe for 1 Share in the capital of the Company for $0.036.
(b) Each New Option which has not been exercised will expire at 5.00pm (Sydney time) on 31 January 2011 (“Option Expiry Date”). Each New Option may be exercised at any time prior to the Option Expiry Date and New Options not so exercised shall automatically expire on such date.
(c) Each Share issued as a result of the exercise of any New Option will, subject to the Constitution of the Company, rank equally in all respects with the then existing Shares on issue.
(d) No New Optionholder will be entitled to attend or vote any meeting of the members of the Company unless they are, in addition to being a New Optionholder, a Shareholder of the Company.
(e) New Options are transferable.
(f) A New Option may only be exercised by the New Optionholder by lodging an exercise notice with the Company. The exercise of some New Options shall not affect the New Optionholder’s right to exercise the other New Options at a later time.
(g) The Company will, as soon as practicable after the New Optionholder validly exercises any New Options, and in accordance with the Corporations Act and the Listing Rules, allot the number of Shares in the Company so subscribed for by the New Option holder.
(h) A New Optionholder shall have no rights to dividends in respect of the New Options and shall have no interest in the Shares the subject of the New Options unless and until those New Options are exercised and the Shares issued.
(i) If the Company reorganises its capital in any way while any new Options are on issue, the number of New Options will be reorganised in accordance with the Listing Rules so that the new Optionholder will not receive a benefit that the existing holders of the Shares do not receive and in addition will be changed to the extent necessary to comply with the Listing Rules applicable to the particular reorganisation of capital at the time.
(j) There are no participating rights or entitlements inherent in the New Options to participate in any new issues of capital which may be offered or made by the Company to its Shareholders from time to time prior to the Option Expiry Date unless and until the New Options are exercised.
(k) There are no rights to change the number of underlying Shares of the New Options if there is a pro-rata issue or a bonus issue to the existing Shareholders in the Company.


26 July

HIGH-GRADE GOLD/SILVER INTERSECTED AT THE KOJAN PROSPECT, TRENGGALEK, INDONESIA

Arc Exploration Limited (ASX Code: ARX) is pleased to report a high-grade drill intersection of 11.28 g/t gold & 293 g/t silver over 1.9 metres from its Kojan Prospect. This result confirms the in-situ occurrence of gold-bearing veins in the northern part of the Exploration IUP adjacent to widespread gold-bearing vein float shed from multiple sources.

Eight scout holes totalling 625 metres have been drilled at Kojan to test three of at least five known veins in this prospect area. These veins are part of a north-northwest trending multiple vein swarm. Each has been traced at surface for at least 100 to 250 metres strike-length with widths ranging from less than 1 to over 5 metres.

All eight holes intersected gold mineralisation and contained significantly higher silver values than other prospects in the Trenggalek IUP. These holes have tested only a small part of this large multiple vein system to a shallow depth of about 75 metres. Further potential exists along the veins and below the currently shallow depths of investigation.

The best hole, TRDD-35, intersected 1.9 m at 11.28 g/t Au & 293 g/t Ag within a wider zone of 6.6 m at 4.89 g/t Au & 149 g/t Ag obtained from 62.45 m down-hole. This intersection occurs about 30 m below (down-dip) of a narrower low-grade vein intercept of 1.3 m at 1.45 g/t Au & 62 g/t Ag obtained from 23.7 m down-hole in TRDD-34.

Holes TRDD-34 and TRDD-35 were drilled on a single section across the Kenong Vein. The geology of these mineralised intercepts is indicative of a shallow preserved epithermal environment represented by lattice-bladed and colloform banded chalcedony-quartz-adularia veins hosted in locally sulphidic hydrothermal and other intrusive breccias. The results suggest that the vein is thickening and increasing in gold and silver grade with depth.

The initial scout drilling at Kojan has achieved its objective to demonstrate in-situ high-grade gold mineralisation in the northern part of the tenement.

The proximity of the gold-bearing Kojan vein system to the high-grade gold-bearing boulder field north and east of Kojan is encouraging and suggests that there are multiple vein sources in this northern area. A program of grid-based soil sampling and prospecting is in progress to help identify targets for future drill testing in this area.

A total of 35 holes in 3,770 m have been drilled to date in the scout program at Trenggalek, which represents about 75% of the 5,000 m program planned for this year.

Drill hole details and assay results for all holes reported in this announcement are summarized in the tables below.

KOJAN PROSPECT
Summary of Drill-hole Details

Hole ID

Coordinates

Dip

 Azimuth

Final
Depth
 (m)

mN

mE

mRL

TRDD028

9,102,958

564,540

778

-450

2700

68.3

TRDD029

9,103,066

565,039

550

-600

0600

54.1

TRDD030

9,103,067

565,039

550

-800

0600

87.0

TRDD031

9,102,956

565,495

781

-450

2700

92.2

TRDD032

9,103,310

564,393

830

-450

2700

82.9

TRDD033

9,103,311

564,393

830

-650

2700

109.2

TRDD034

9,102,428

564,111

843

-450

1180

46.7

TRDD035

9,102,429

564,111

843

-700

1180

84.6

KOJAN PROSPECT
Significant Mineralised Drill-hole Intercepts

Hole ID

From
(m)

To
(m)

Interval (m)

Au
g/t

Ag
g/t

Core
Rec
(%)

TRDD028

13.80

15.80

2.00

1.19

12

100%

35.90

38.10

2.20

1.81

96

95%

TRDD029

24.60

25.60

1.00

0.42

32

100%

TRDD030

36.40

36.80

0.40

1.06

98

100%

TRDD031

69.00

73.50

4.50

1.87

61

100%

Incl

71.00

72.00

1.00

3.37

123

100%

TRDD032

64.10

65.10

1.00

0.57

40

100%

TRDD033

103.50

104.50

1.00

0.52

5

100%

TRDD034

23.70

25.00

1.30

1.45

62

100%

TRDD035

62.45

69.05

6.60

4.89

149

94%

Incl

63.45

65.35

1.90

11.28

293

82%

Notes:

1) Assay results are from half-core samples split with a power saw. Logging, allocation of sample intervals, sampling & dispatching were done under the strict control of the Company’s geologists.
2) Sample preparation and analyses were conducted by P.T. Intertek Utama Services in Jakarta.
3) Gold was assayed by 50g Fire Assay/AAS Finish.
4) Silver was assayed by Mixed Acid Digest/AAS Finish

The Company has three projects. Trenggalek, in East Java, the subject of this announcement, Bima in East Sumbawa, and a Strategic Alliance with the Anglo American group in Papua.

The information in this report that relates to Exploration Results is based on information compiled by Mr John Carlile, who is a Fellow of the Australian Institute of Mining and Metallurgy, and Mr Brad Wake, who is a member of the Australian Institute of Geoscientists. Mr Carlile and Mr Wake have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as Competent Persons as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.’ Mr. Carlile and Mr. Wake are full time employees of Arc Exploration Limited and consent to the inclusion in this report of the matters based on their information in the form and context in which it appears.

For further information please contact:

Andrew J. Cooke
Company Secretary
Tel: + 61 2 9419 8044
Email: andrewcooke@arx.net.au

Or visit the website: www.arcexploration.com.au


19 July

ARC IDENTIFIES NEW GOLD PROSPECT AT BIMA, EAST SUMBAWA, INDONESIA

Arc Exploration Limited (ASX Code: ARX) is pleased to report that as part of its on-going reconnaissance work on the Bima IUP exploration tenement in East Sumbawa, it has identified a new prospect with geological and geochemical characteristics of a large high sulphidation-style epithermal gold target lying in the same belt of volcanic rocks hosting Newmont’s giant Batu Hijau and Elang copper-gold deposits in West Sumbawa.

“The grade and distribution of gold results, and the widespread alteration, indicates that the mineralised system is potentially large and has bulk tonnage gold potential”.

ARX recently conducted 1:50,000 scale litho-structural interpretation of its Bima IUP using high-resolution satellite-based imageries, spectral processing of Aster imagery, compilation of historical exploration data, and regional mapping.

Aster imagery highlighted several alteration-related spectral anomalies distributed within a 7 km by 2 km area at the southern end of the IUP. Field reconnaissance conducted on one of these anomalies has confirmed the presence of gold-silver mineralised stockwork in acid-clay and vughy silica altered volcanic rocks. These features are commonly associated with productive high-sulphidation and deeper porphyry-related gold-copper systems.

The area was first identified by a previous explorer in the late 90’s. A short program of mapping and rock chip sampling was undertaken just prior to their withdrawal from Indonesia.  That work produced elevated gold assays ranging from 0.64 to 2.24 g/t Au, and a single high-grade result of 27.2 g/t Au (see figure below).

ARX has now validated this gold anomaly with five samples that returned results of 0.29 to 2.75 g/t Au, and anomalous silver (Ag) and antimony (Sb) results ranging from 1 to 23 g/t Ag and 22 to 48 ppm Sb, respectively. The gold-silver mineralisation occurs in quartz-limonite-sulphide stockwork hosted by strongly silica-clay altered quartz-feldspar porphyry and andesitic volcanic rocks. Previous mapping established that this silica-clay alteration zone covers an area of at least 300 m by 400 m, and the results of the Aster suggest that similar alteration occurs in adjacent areas within the southern part of the IUP.

The grade and distribution of gold results (see map), and the widespread alteration, indicates that the mineralised system is potentially large and has bulk tonnage gold potential.

ARX will now conduct detailed surface exploration at Baku with the objective of rapidly advancing this and other prospects to the scout drilling stage to be undertaken in 2011, subject to funding.


An outcrop of quartz-limonite stockworked, acid clay and vughy silica
altered quartz-feldspar porphyry intrusion assaying up to 2.75 g/t Au and 23 g/t Ag.

About ARX’s Bima Project

The Bima Project is located about 230 km east of Newmont's Batu Hijau porphyry copper-gold mine on Sumbawa island. ARX is exploring the tenement for intermediate- to high-sulphidation epithermal gold-base metal and porphyry copper-gold deposits.

The project is located in Bima Regency, Nusa Tenggara Barat province. There are daily flights to the major town of Bima from Denpasar (Bali), and from the provincial capital, Mataram. The project has an excellent infrastructure base with a network of sealed to graded roads traversing almost all of the license area.

The Company has three projects; Bima, in East Sumbawa, the subject of this announcement, Trenggalek in East Java, and a Strategic Alliance with the Anglo American group in Papua.

Samples reported were prepared and assayed at Intertek Assay Laboratories in Jakarta. Historical results are from North Limited Exploration database. The information in this report that relates to Exploration Results is based on information compiled by Mr Brad Wake, who is a member of the Australian Institute of Geoscientists, and Dr Renato Bobis, who is a Member of the Australian Institute of Mining and Metallurgy. Mr Wake and Dr Bobis have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as Competent Persons as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.’ Mr Wake and Dr Bobis are full time employees of Arc Exploration Limited and consent to the inclusion in this report of the matters based on their information in the form and context in which it appears.

For further information please contact:

Andrew J. Cooke
Company Secretary
Tel: + 61 2 9419 8044
Email: andrewcooke@arx.net.au

Or visit the website: www.arcexploration.com.au


19 July

Allotment - Section 708A Notice

Arc Exploration Limited (“ARX” or “the Company”) has today effected an allotment of 9,740,898 ordinary fully paid shares and 4,870,449 ARXOA options in the Company in respect of the drilling undertaken on the Company’s Trenggalek Gold Project in Indonesia.

The allotment was made pursuant to Section 708 of the Corporations Act 2001. All of the shares and options issued under the placement will rank pari passu with existing ARX ordinary shares and ARXOA options.

In accordance with Section 708A (5)(e) of the Act, the Company gives notice that:

  • The Company has issued these shares and options without disclosure to the placee under Part 6D.2 of the Act;
  • As at the date of this notice, the Company has complied with:
    - the provisions of Chapter 2M of the Act as they apply to the Company;
    - Section 674 of the Act
  • As at the date of this notice there is no excluded information (as defined in Section 708A (7) of the Act) which is required to be disclosed by the Company.

For further information please contact:

Andrew J. Cooke
Company Secretary
Tel: + 61 2 9419 8044
Email: andrewcooke@arx.net.au

Appendix 3B (PDF File)


28 June

GOLD-COPPER MINERALISATION INTERSECTED
AT BULUROTO PROSPECT, TRENGGALEK PROJECT, INDONESIA

  • Potential for porphyry-related gold-copper mineralisation highlighted by drill result of 24.55 m at 0.51 g/t gold, 0.21% copper & 16 ppm molybdenum

Arc Exploration Limited (ASX Code: ARX) is pleased to announce the results of two holes that were recently completed on its Buluroto Prospect at Trenggalek in East Java. These holes are part of the current 5,000 m scout drilling program that is testing multiple epithermal targets identified on the Company’s 30,044 hectare Exploration IUP area. Buluroto is located about 0.8 km west of Sentul Prospect, where ARX has previously reported encouraging gold intersections of up to 17 g/t Au from scout drilling.

Buluroto Results

The Buluroto Prospect is defined at surface by a 100-120 m long and 10-15 m wide gossanous breccia zone developed near the confluence of two narrow quartz veins (see Figure below). Previous trenching on this breccia has returned up to 10 m at 12.7 g/t Au and 96 g/t Ag in channel samples. Shallow diamond drilling of the breccia by a previous explorer returned an intercept of 11.9 m at 4.9 g/t Au in oxidised sulphidic breccia.

The two holes drilled by ARX test the breccia zone below the base of oxidation and have intersected the target at about 50 m and 90 m below surface, respectively.  These holes returned gold intercepts of 7.2 m at 0.63 g/t Au from 48.8 m down-hole (TRDD 23) and 24.55 m at 0.51 g/t Au from 138.55 m down-hole (TRDD 25). The gold intercept in the deeper hole, TRDD 25 also returned elevated copper and molybdenum results of 24.55 m at 0.21% Cu & 16 ppm Mo, including narrow individual intercepts of up to 1.12% Cu & 82 ppm Mo.

The intercepts were obtained in silicified, sulphidic hydrothermal breccia and peripheral quartz stockwork developed on the contact of a clay-pyrite altered andesite-dacite intrusion and volcaniclastic rocks. The deeper intersection is associated with pyrite-chalcopyrite mineralisation in a silicified breccia zone that appears to be increasing in thickness and intensity with depth (see Interpretive cross section and photo below).

Potential for a gold-copper system

The mineralised intercept in TRDD 25 is unlike any other intercept previously reported from Trenggalek. In the opinion of the Company the results are encouraging because they highlight potential for porphyry-related gold-copper mineralisation in the project area. Trenggalek is located about 250 km west of the Tujuh Bukit gold-copper project where deep drilling by Intrepid Mines has confirmed the presence of a potentially large porphyry and high-sulphidation gold-copper system in the same belt of volcanic rocks that comprise the Southern Mountains of East Java.  

Petrological work will be undertaken to evaluate the nature of the mineralization and further drilling is planned to test the potential for strengthening gold-copper mineralization in the breccia at depth and for the presence of a deeper mineralized intrusion.

PHOTO: Strong silicified breccia
with silica-pyrite-chalcopyrite (yellow) fill
(NQ3 drill core)

TRENGGALEK PROJECT, EAST JAVA
Summary of Drill-hole Details

Hole ID

Target

Coordinates

Dip

 Azimuth

Final Depth
 (m)

mN

mE

mRL

TRDD023

Buluroto

9,089,088

571,454

665

-450

0630

174.2

TRDD025

Buluroto

9,089,090

571,555

713

-600

3100

186.0

Significant Mineralised Drill-hole Intercepts

Hole ID

From
(m)

To
(m)

Interval
(m)

Au
g/t

Ag
g/t

Cu
ppm

Mo
ppm

TRDD023

48.80

56.00

7.20

0.63

13

271

3

Incl

50.90

51.70

0.80

1.73

13

353

1

TRDD025

138.55

163.10

24.55

0.51

13

0.21%

16

Incl

155.55

156.60

1.05

0.47

41

1.12%

40

158.60

160.10

1.50

1.09

16

0.19%

82

Notes:

1) Assay results are from half-core samples split with a power saw. Logging, allocation of sample intervals, sampling & dispatching were done under the strict control of the Company’s geologists.
2) Sample preparation and analyses were conducted by P.T. Intertek Utama Services in Jakarta.
3) Gold assayed by 50g Fire Assay/AAS Finish.
4) Silver & Copper assayed by Mixed Acid Digest/AAS Finish.
5) Molybdenum assayed by Pressed Pellet/XRF Finish.

The Company has three projects. Trenggalek, in East Java, the subject of this announcement, Bima in East Sumbawa, and a Strategic Alliance with the Anglo American group in Papua.

The information in this report that relates to Exploration Results is based on information compiled by Mr Brad Wake, who is a member of the Australian Institute of Geoscientists, and Dr Renato Bobis, who is a Member of the Australian Institute of Mining and Metallurgy. Mr Wake and Dr Bobis have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as Competent Persons as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.’ Mr Wake and Dr Bobis are full time employees of Arc Exploration Limited and consent to the inclusion in this report of the matters based on their information in the form and context in which it appears.

For further information please contact:

Andrew J. Cooke
Company Secretary
Tel: + 61 2 9419 8044
Email: andrewcooke@arx.net.au

Or visit the website: www.arcexploration.com.au


18 June

UPDATE ON SCOUT DRILLING AT
TRENGGALEK GOLD PROJECT IN INDONESIA
  • Further drilling confirms mineralised extension to West Sentul Vein
  • First drilling at Dalangturu highlights potential for epithermal vein discoveries
Arc Exploration Limited (ASX Code: ARX) is pleased to announce further results from its scout drilling program at Trenggalek in East Java. The results reported today are from six holes - two further holes completed on Sentul and the first four holes testing Dalangturu Prospect.

A total of 22 holes have been reported to date, including those reported today, or about 48% of the scout drilling program planned for this year. To put the scout drilling program in context, our objectives over this year are to better define the multiple target areas identified by ARX within the Trenggalek IUP area. The results of this work will refine and concentrate our efforts in future work programs with the aim of defining economic resources. The current program is only at mid-stage and we have previously reported material intercepts in some holes at Sentul, including up to 2 m at 17.2 g/t Au at +100 m below surface in hole TRDD 4. Most of the scout holes reported to-date have returned gold intercepts of varying degrees of intensity.

Sentul Prospect

Two holes (TRDD 18 and 21) were drilled to test for mineralized extensions to the open southern strike projection of the West Sentul Vein. Both holes intersected the main vein structure, which is about 15 m wide, and also several narrower tension veins in the footwall.

TRDD 18 intersected two significant vein zones. The first, interpreted to be the West Sentul Vein, returned 18.85 m at 0.98 g/t Au & 16 g/t Ag from 31.35 m down-hole and included narrow higher grade intercepts of 1 m at 6.31 g/t Au & 208 g/t Ag, 1 m at 2.38 g/t Au & 12 g/t Ag, and 1 m at 2.1 g/t Au & 6 g/t Ag. The second, interpreted to be a footwall tension vein, returned 11.4 m at 0.77 g/t Au & 6 g/t Ag from 76.0 m down-hole.

TRDD 21 intersected the West Sentul Vein shallower than expected, suggesting a swing in its strike direction toward the west (see Figure 1). The West Sentul Vein was intersected from 24.1 to 56.9 m down-hole and returned a best intercept of 4.7 m at 0.65 g/t Au & 1 g/t Ag from 24.1 m down-hole, which included a narrow intercept of 0.7 m at 1.87 g/t Au & 9 g/t Ag.

The results from these holes confirm that the West Sentul Vein extends for at least another 80 m to the south and maintains a substantial true-thickness of between 10-20 m. The higher grade gold intersections obtained within the West Sentul Vein in earlier reported holes (TRDD 1 to TRDD 5) are still open down plunge (see Figure 2). The vein textures observed in the higher grade intersections are represented by multiple generations of brecciated and banded chalcedony-quartz-sulphide fill, which reflect conditions that may be conducive to the development of high-grade ore shoots.

Gold mineralization of varying intensity has now been outlined by scout drilling over a strike length of about 450 m along the West Sentul vein. It was also previously reported that significant mineralization was intersected by scout drilling on the East Sentul Vein. The Company is confident that Sentul is highly prospective and is reviewing the results obtained thus far in order to plan further drilling to more thoroughly evaluate the prospect, either later this year or early next year. Soil sampling is currently in progress to detect the extension of the West and East Sentul veins, and any other mineralized structures, beneath thicker soil cover in the Southern Target Area (see Figure 1).

Figure 1

Figure 2

Dalangturu Prospect

Drilling has commenced at Dalangturu with four holes completed (TRDD 17, 19, 20 and 22). These holes have tested a large IP chargeability anomaly and associated soil geochemical anomalies that were highlighted from the results of a previous work undertaken at this prospect. The geophysical anomaly was originally detected below a distinctive flat-topped hill that is capped by the shallow eroded remnants of a mineralized epithermal stockwork-breccia system. In some similar epithermal gold districts around the world these features show a strong spatial relationship to concealed high-grade veins (see Comments and Interpretations following).

The four holes were drilled on about the same NW-SE section (see Figure 3). These have tested the northern part of a linear zone of high chargeability that is interpreted to be about 100-150 m wide and extends for at least 700 m north-south. The source of the IP chargeability anomaly was originally interpreted to occur below the western side of the distinctive flat-topped hill at the centre of Dalangturu. However, the results of the scout drilling have shown that the source may be located further east than originally predicted.

Holes TRDD 17, 19 and 22, collared off the northwestern slope of the hill, intersected narrow veined zones containing thin (<1-10 cm) banded quartz-chalcedony-carbonate-sulphide veins hosted by weak to moderately propylitic-altered andesite. Only selective core splitting and sampling were undertaken from these holes. Results received from TRDD 17, 19 and 22 show a few narrow gold intercepts of +1g/t Au that occur within narrow envelopes of lower grade mineralization (0.1-0.5 g/t Au).

Hole TRDD 20 was collared further to the east of these holes. It intersected intense clay-sulphide alteration with abundant sulphide stringers (mainly pyrite and/or marcasite) below a shallow cover of soil and possibly perched alluvium containing silicified breccia boulders. The intense clay-sulphide alteration zone returned low gold but anomalous arsenic, antimony and mercury geochemistry, averaging 244 ppm As, 26 ppm Sb and 0.41 ppm Hg over 70.5 m from 1.8 m down-hole. Stronger stockwork veined and mineralized propylitic-altered andesite was intersected deeper in the hole, returning a significant low grade gold intercept of 31.3 m at 0.11 g/t Au and 2 g/t Ag from 74.3 m down-hole, which includes a highest single gold result of 0.63 g/t Au.

Comments and Interpretation

This is the first drill test of a large, shallowly eroded, epithermal system that has been mapped over an area that is at least 600 m wide and 1,200 m long. The intersection of the sulphidic clay alteration zone with anomalous As-Sb-Hg geochemistry at Dalangturu could be very significant. In some well documented examples of shallowly eroded epithermal systems located in volcanic rocks of similar age to Trenggalek, this type of alteration and geochemical signature can occur above concealed high-grade epithermal vein targets (e.g. +0.6 Moz Favona gold deposit in the Waihi district of New Zealand; +3 Moz Midas gold deposit on the Basin and Range Province of Nevada). The tops of the vein targets can be several 10's to 100's of meters below the surface and these may have no other indication of their presence other than low-levels of gold associated with elevated concentrations of toxic elements (As, Sb, Hg) in sulphidic clay alteration zones, silica cappings and hydrothermal breccias.

The presence of anomalous gold in thinly veined andesite (e.g. TRDD 20: 31.3 m at 0.11 g/t Au) adjacent to the clay-sulphide alteration zone is particularly encouraging. It confirms that the system is gold-bearing and that it may contain concealed high-grade veins, stockwork or breccia zones at deeper levels in the prospect area.

Grid based soil geochemical sampling is in progress to better define the limits of this large epithermal system. The results of this work, combined with further mapping and the results of the first scout drilling, will be used to plan further drilling on the prospect.

Figure 3

Drill hole details and assay results for all holes reported in this announcement are summarized in the tables below.

TRENGGALEK PROJECT, EAST JAVA
Summary of Drill-hole Details

Hole ID
Target
Coordinates
Dip
Azimuth
Final Depth
(m)

mN
mE
mRL
TRDD018
West Sentul
9,088,660
572,090
710
-560
1300
120.3
TRDD021
West Sentul
9,088,660
572,091
710
-550
1800
127.6
TRDD017
Dalangturu
9,107,271
568,767
300
-450
1250
202.3
TRDD019
Dalangturu
9,107,270
568,766
300
-560
3000
88.3
TRDD020
Dalangturu
9,107,142
568,896
360
-450
0900
124.8
TRDD022
Dalangturu
9,107,368
568,559
204
-450
1150
144.3

Significant Mineralised Drill-hole Intercepts

Hole ID
Target
From
(m)
To
(m)
Interval (m)
Au
g/t
Ag
g/t
Core
Rec
(%)
TRDD018
West Sentul
31.35
50.20
18.85
0.98
16
98%


Incl







34.25
35.25
1.00
2.38
12
100%


35.25
36.25
1.00
6.31
208
100%


47.25
48.25
1.00
2.10
6
100%


62.90
63.90
1.00
2.91
6
100%


76.00
87.40
11.40
0.77
6
100%


Incl







77.00
80.00
3.00
1.02
4
100%
TRDD021
West Sentul
24.10
28.80
4.70
0.65
1
100%


Incl







28.10
28.80
0.70
1.87
9
100%


101.40
102.40
1.00
1.08
2
100%
TRDD017
Dalangturu
86.10
86.40
0.30
1.00
11
100%


101.95
102.50
0.55
3.67
68
95%


115.65
116.95
1.30
1.80
6
100%


163.20
164.20
1.00
1.50
29
100%
TRDD019
Dalangturu
25.10
25.40
0.30
1.04
4
100%


52.25
52.85
0.60
1.84
8
100%
TRDD020
Dalangturu
74.30
105.60
31.30
0.11
2
99%
TRDD022
Dalangturu
30.85
31.25
0.40
1.98
4
100%


32.75
33.10
0.35
1.71
8
100%


77.50
78.10
0.60
2.06
2
100%

Notes:

1) Assay results are from half-core samples split with a power saw. Logging, allocation of sample intervals, sampling & dispatching were done under the strict control of the Company's geologists.
2) Sample preparation and analyses were conducted by P.T. Intertek Utama Services in Jakarta.
3) Gold was assayed by 50g Fire Assay/AAS Finish.

The Company has three projects. Trenggalek, in East Java, the subject of this announcement, Bima in East Sumbawa, and a Strategic Alliance with the Anglo American group in Papua.


The information in this report that relates to Exploration Results is based on information compiled by Mr John Carlile, who is a Fellow of the Australian Institute of Mining and Metallurgy, and Mr Brad Wake, who is a member of the Australian Institute of Geoscientists. Mr Carlile and Mr Wake have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as Competent Persons as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.' Mr. Carlile and Mr. Wake are full time employees of Arc Exploration Limited and consent to the inclusion in this report of the matters based on their information in the form and context in which it appears.


For further information please contact:

Andrew J. Cooke
Company Secretary
Tel: + 61 2 9419 8044
Email: andrewcooke@arx.net.au

Or visit the website:
www.arcexploration.com.au


27 May

UPDATE ON SCOUT DRILLING ON THE
TRENGGALEK GOLD PROJECT IN INDONESIA

Arc Exploration Limited (ASX Code: ARX) is pleased to announce further scout drilling results from Trenggalek in East Java.

ARX has previously announced encouraging gold results from initial drill testing of the West Sentul Vein. The Company has now completed initial scout drilling on the East Sentul Vein.

Six holes (TRDD 11-16) were drilled along a 300 m long segment of the vein on three sections, each containing two inclined holes (see figure below).

All holes intersected substantial quartz vein zones of up to 5-10 m true-width. Best results occur to the south in holes TRDD 11 and 12 on section E-F (see plan and section).

TRDD 11 intersected the vein at a shallow depth of only 25 m below surface and returned 0.9 m at 2.74 g/t Au & 7 g/t Ag from 27.4 m down-hole within a 3 m wide quartz vein.

TRDD 12, drilled beneath TRDD 11, intersected a 5-6 m wide vein at about 40 m below surface and returned 3 m at 5.53 g/t Au & 14 g/t Ag from 39.5 m down-hole. This includes a best 1 m intercept of 7.57 g/t Au. A breccia vein/stockwork zone intersected deeper in this hole returned a broad low-grade gold intercept of 16 m at 0.17 g/t Au with a true-width of about 10 m.

These results and those previously reported from West Sentul, support an emerging picture that gold grades and width increase to the south and with depth on both veins. This, combined with ongoing vein texture studies, is interpreted to indicate that a high grade shoot or shoots may be developed to the south and/or at greater depth below the currently drilled area, possibly where cross-structures intersect the two main NE trending veins.

Further work at the Sentul prospect will now focus on the Southern Target Area (see plan). One rig is currently testing the shallow southern extension of the West Sentul Vein, and a program of soil sampling and possibly trenching, will be undertaken to locate any further southern extension of the veins.

Deeper drilling will be necessary to test the veins beyond 150 m below surface. This will occur once the remaining prospects at Trenggalek have been scout drilled.

Two rigs are currently deployed, with the second rig drilling a geophysical target at Dalangturu Prospect. Results from Dalangturu are anticipated next month.

Total reported meterage to-date is 1,593 metres, or just over 30% of the 5,000 metre program planned for this year.

Photo: A typical high grade vein texture intersected on West Sentul Vein
Multiphase chalcedony-quartz-adularia-clay-sulphide breccia vein
(TRDD004: 1m @ 21.1 g/t Au & 11 g/t Ag from 112.35 m down-hole, HQ Core Size)


TRENGGALEK PROJECT, EAST JAVA
SENTUL PROSPECT
Summary of Drill-hole Details & Significant Mineralised Intercepts

Hole ID
Vein Target
Coordinates
Dip
Azimuth
Final Depth
(m)

mN
mE
mRL
TRDD009
West Sentul
9,088,916
572,365
630
-450
3350
165.15
TRDD010
Tension Vein
9,088,743
572,292
642
-450
1600
31.1
TRDD011
East Sentul
9,088,816
572,723
595
-550
3000
56.55
TRDD012
East Sentul
9,088,816
572,724
595
-800
3000
108.7
TRDD013
East Sentul
9,088,946
572,779
590
-550
3000
60.2
TRDD014
East Sentul
9,088,946
572,780
590
-800
3000
125.1
TRDD015
East Sentul
9,089,079
572,819
570
-550
3000
50.0
TRDD016
East Sentul
9,089,079
572,820
570
-800
3000
74.3

Hole ID
From
(m)
To
(m)
Interval
(m)

Au
g/t
Ag
g/t
Core
Rec
(%)
TRDD009
61.2
62.2
1.0
1.45
2
100%

72.3
73.3
1.0
1.21
5
100%

122.0
123.0
1.0
1.06
74
100%
TRDD010
16.4
17.4
1.0
4.12
12
100%
TRDD011
27.4
28.3
0.9
2.74
7
100%
TRDD012
39.5
42.5
3.0
5.53
14
98%
TRDD013
37.8
39.8
2.0
2.10
3
100%
TRDD014
66.8
67.6
0.8
1.96
6
100%

71.0
72.0
1.0
2.08
7
100%
TRDD015
NSR





TRDD016
39.0
40.0
1.0
1.3
4
100%

Notes: 1) Assay results are from half-core samples split with a power saw. Logging, allocation of sample intervals, sampling & dispatching were done under the strict control of the Company's geologists.
2) Sample preparation and analyses were conducted by P.T. Intertek Utama Services in Jakarta.
3) Gold was assayed by 50g Fire Assay/AAS Finish.
4) NSR - No significant results (<1 g/t Au).

The Company has three projects. Trenggalek, in East Java, the subject of this announcement, Bima in East Sumbawa, and a Strategic Alliance with the Anglo American group in Papua.


The information in this report that relates to Exploration Results is based on information compiled by Mr John Carlile, who is a Fellow of the Australian Institute of Mining and Metallurgy, and Mr Brad Wake, who is a member of the Australian Institute of Geoscientists. Mr Carlile and Mr Wake have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as Competent Persons as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.' Mr. Carlile and Mr. Wake are full time employees of Arc Exploration Limited and consent to the inclusion in this report of the matters based on their information in the form and context in which it appears.


For further information please contact:

Andrew J. Cooke
Company Secretary
Tel: + 61 2 9419 8044
Email: andrewcooke@arx.net.au

Or visit the website:
www.arcexploration.com.au


21 May

Results of Annual General Meeting

Results of the Annual General Meeting of Shareholders held today are summarised as follows:

The resolution to adopt the Remuneration Report was passed by a show of hands.

Proxy details in respect of this resolution were as follows:

(i) there were 68,412,102 proxy votes in respect of which the appointments specified that the proxy vote for the resolution;
(ii) there were 123,246 proxy votes in respect of which the appointments specified that the proxy vote against the resolution;
(iii) there were 28,922,448 proxy votes in respect of which the appointments specified that the proxy abstain on the resolution;
(iv) there were 982,207 proxy votes in respect of which the appointments specified that the proxy may vote at the proxy's discretion.

The resolution to re-elect Mr. George Tahija as a Director was passed by a show of hands.

Proxy details in respect of this resolution were as follows:

(i) there were 97,231,001 proxy votes in respect of which the appointments specified that the proxy vote for the resolution;
(ii) there were 134,477 proxy votes in respect of which the appointments specified that the proxy vote against the resolution;
(iii) there were 92,340 proxy votes in respect of which the appointments specified that the proxy abstain on the resolution;
(iv) there were 982,185 proxy votes in respect of which the appointments specified that the proxy may vote at the proxy's discretion.

For further information please contact:

Andrew J. Cooke
Company Secretary

Tel: + 61 2 9419 8044
Email: andrewcooke@arx.net.au


21 May

CHAIRMAN'S ADDRESS
ANNUAL GENERAL MEETING

At our last Annual General Meeting we had just passed through the low point for the Australian Stock Market following the GFC. At that time I pointed out that it was important for us to face the future with a confident outlook in the knowledge that all economic downturns, even the most severe, come to an end. While the markets are still volatile, I believe the worst is behind us.

Improved stock market conditions enabled us to move forward and recapitalise ARX via a placement and rights issue in October 2009. Those that participated in the rights issue had their confidence rewarded with a material uplift in the share price in percentage terms. I would like to express my gratitude to shareholders for this expression of confidence in our business plan going forward.

During the year we completed the transfer of Cibaliung to Antam and then focussed upon obtaining the funds to go forward with our exploration program. We entered into an arrangement with our drilling contractor Maxidrill which sees them take shares in ARX in return for the provision of drilling services at Trenggalek. This sees us conserve cash and truly aligns the driller to the interests of our company.

We have a 5,000 metre drilling program underway at Trenggalek involving drilling in the order of 50 to 60 holes. To date we have drilled around 2,000 metres and have obtained encouraging results with intercepts of up to 17 grams of gold. There is a long way to go in this program and we are hopeful of turning up a discovery of significance, although it must be stressed that all exploration is inherently uncertain and there are no guarantees. Nonetheless, Trenggalek covers around 300 square kilometres and within this area we have selected 6 sites at which to drill, spread throughout the area.

We will continue to keep shareholders fully informed with results compiled in a meaningful way for release to the market.

We also continue on with our projects at Bima and in Papua. Bima has recently returned some very encouraging surface sampling and this work will continue. In Papua we continue to work closely with Anglo American to expand our exploration position.

We are also looking at other areas in which to expand. We maintain dialogues with various parties which we hope, at some point, will crystallize into further areas being added to our exploration portfolio.

A company like ours must focus on what it does best: in our case it is exploration. And in exploring we must conserve our cash and explore where we assess there to be greater immediate likelihood of success. Our Trenggalek program is producing solid results and we are only 40% through it. As to what the final outcome from it is, we will have to wait and see. But we remain confident we are on the right track.

As previously foreshadowed, we will need to raise capital to continue to move forward. The options on issue have generally speaking traded in the money since allotment. We hope shareholders will exercise their options when the time comes. However, we will need to raise some additional funds in advance of the final option exercise date and this is likely to occur in the second half of this calendar year. We are looking at the alternatives available to us and as always with ARX you can be assured that you will be kept fully informed.

So in closing, thank you for your support. The position as at May 2010 is far stronger than this time last year. We have raised further funds, cut costs and commenced our exploration program in a manner that sees us preserve cash. Our focussed exploration style is bearing fruit. In the coming year we hope to build upon our initial exploration efforts and be able to report significant exploration success.

We are all working single-mindedly towards this end.



For further information please contact:

Andrew J. Cooke
Company Secretary

Tel: + 61 2 9419 8044
Email: andrewcooke@arx.net.au

Or visit the website: www.arcexploration.com.au


19 May

APPENDIX 3B - SHARE ISSUE - EXERCISE OF ARXOA OPTIONS

The issue of 2558 shares.

PDF File (268K)


19 May

APPENDIX 3B - GRANT OF EMPLOYEE OPTIONS

The issue of Employee Options.

PDF File (272K)


13 May

IUP CONVERSION & EXPLORATION UPDATE
BIMA PROJECT IN EAST SUMABAWA

Arc Exploration Limited (ASX: ARX) is pleased to announce that the conversion of the Bima KP to a Mining Business Licence (IUP) is completed. The Exploration IUP covering an area of 24,980 hectares was signed by the Bima Regent on 28 April 2010 and is valid for 5 years.

The Bima Project is located about 230 km east of Newmont's Batu Hijau porphyry copper-gold mine on the same segment of the Sunda-Banda magmatic arc. Targets in the tenement are gold and base metal-rich intermediate-sulphidation epithermal veins that are possibly related to buried porphyry copper-gold targets.

On 19 April 2010 ARX announced encouraging results from preliminary soil and rock chip sampling at the northern end of the Kowo Prospect.

Further results received from infill soil sampling on a 50m x 100m grid over Kowo have highlighted elevated coincident gold-lead-barium over mineralised and altered volcanic rock surrounded by barren younger cover (see figure below).

Elevated lead and barium in soils are outlined by the 250 ppm Pb and 2500 ppm Ba soil contours. Barium outlines a large 1500 m by 300 m elongated zone and elevated gold in soils defined by the 0.075 ppm Au soil contour covers a 200 m by 300 m area on the edge of the barium soil anomaly at the northern end of the prospect. This gold zone probably extends beneath cover to the north and west of the grid area.

Continuous rock chip samples from the area of gold in soils returned results of 8.5 m at 0.14 g/t Au, 1335 ppm Pb & 7421 ppm Ba and 7 m at 0.15 g/t Au, 1024 ppm Pb & 4703 ppm Ba and 13 m at 0.2 g/t Au, 4 g/t Ag, 39 ppm Cu, 356 ppm Pb & 3332 ppm Ba.
These results are encouraging and support the potential for bulk tonnage gold-base metal sulphide deposits in the project area. The Company plans to undertake further work at Bima in the second half of 2010 to prepare for possible scout drilling later in the year or in early 2011.

The Company has three projects. Bima, in East Sumbawa, the subject of this announcement, Trenggalek in East Java, where scout drilling is underway, and a Strategic Alliance with the Anglo American group in Papua.


The information in this report that relates to Exploration Results is based on information compiled by Mr John Carlile, who is a Fellow of the Australian Institute of Mining and Metallurgy, and Mr Brad Wake, who is a member of the Australian Institute of Geoscientists. Mr Carlile and Mr Wake have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as Competent Persons as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.' Mr. Carlile and Mr. Wake are full time employees of Arc Exploration Limited and consent to the inclusion in this report of the matters based on their information in the form and context in which it appears.


For further information please contact:

Andrew J. Cooke
Company Secretary
Tel: + 61 2 9419 8044
Email: andrewcooke@arx.net.au
Or visit the website:
www.arcexploration.com.au


19 April

ANOMALOUS SOIL AND ROCK SURFACE RESULTS FROM BIMA PROJECT IN EAST SUMABAWA

Arc Exploration Limited (ASX Code: ARX) is pleased to announce the results of initial surface sampling from the Kowo Prospect on Bima in East Sumbawa. The project is a 24,980 ha General Survey KP license pending conversion to an Exploration IUP tenement under the new mining law.

The project is located about 230 km east of Newmont's Batu Hijau porphyry copper-gold mine on the same segment of the Sunda-Banda magmatic arc. Targets in the tenement are gold-base metal rich intermediate-sulphidation epithermal veins possibly related to a buried porphyry copper-gold deposit.

Grid-based soil sampling at Kowo in the northern part of the KP has outlined anomalous gold, base metal and barium in a 2 km2 window of mineralised volcanic rock that forms a series of low hills surrounded by younger cover.

Results from a 50m x 100m soil sample grid on the northwest side of Kowo have so far defined a coherent gold soil anomaly over an area of 250 m x 500 m underlain by gossanous volcaniclastic rocks containing a stockwork of quartz-chalcedony-sulphide veins.

Fifteen of 33 soil samples collected in this area returned anomalous gold results ranging from 0.048 to 0.511 ppm Au, and averaging 0.154 ppm Au. Selective rock chip samples taken from the stockwork exposed within the soil anomaly returned 0.2 to 1.84 ppm Au in eleven of 31 samples. Silver, copper, lead and barium are also highly anomalous in the soils and rock, returning maximum results of 24 ppm Ag, 138 ppm Cu, 1550 ppm Pb and 1.68% Ba in soil, and 210 ppm Ag, 1580 ppm Cu, 1310 ppm Pb and 13.6% Ba in rock.

These early results are encouraging as they confirm the potential for bulk tonnage gold-silver-base metal sulphide deposits in the project area.

Soil sampling is continuing over the larger southern portion of the Kowo Prospect where the multi-element soil anomaly is open. The soil anomaly is also open to the north and northwest where its source is most likely to be covered by younger volcanic deposits and alluvium.

Part of the area soil sampled in the northwest part of the Kowo Prospect:
Gold-anomalous, gossanous & stockwork-veined volcanic rocks crop out in foreground,
and are overlain by younger post-mineral volcanic cover in background

The Company has three projects. Bima, in East Sumbawa, the subject of this announcement, Trenggalek in East Java, where scout drilling is underway, and a Strategic Alliance with the Anglo American group in Papua.


The information in this report that relates to Exploration Results is based on information compiled by Mr John Carlile, who is a Fellow of the Australian Institute of Mining and Metallurgy, and Mr Brad Wake, who is a member of the Australian Institute of Geoscientists. Mr Carlile and Mr Wake have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as Competent Persons as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.' Mr. Carlile and Mr. Wake are full time employees of Arc Exploration Limited and consent to the inclusion in this report of the matters based on their information in the form and context in which it appears.


For further information please contact:

Andrew J. Cooke
Company Secretary
Tel: + 61 2 9419 8044
Email: andrewcooke@arx.net.au
Or visit the website:
www.arcexploration.com.au


19 April


16 April

DRILLING EXTENDS STRIKE OF WEST SENTUL VEIN AT TRENGGALEK

Arc Exploration Limited (ASX Code: ARX) is pleased to announce further results from its scout drilling programme at Trenggalek in East Java.

On 12 and 29 March 2010, ARX announced encouraging gold results from its first five holes TRDD 1- 5 drilled at Trenggalek. Since that time, results have been received for the latest 3 holes (TRDD 6, 7 and 8) completed along the southern portion of the West Sentul Vein.

Holes TRDD 6 and 7 were drilled on a section 100 metres to the northeast of the section containing holes TRDD 2, 4 and 5, and hole TRDD 8 was drilled 200 metres to the northeast.

TRDD 6 returned two separate intersections of 2.6 m at 4.3 g/t Au & 7 g/t Ag and 1.95 m at 5.32 g/t Au & 7 g/t Ag within an 11.95 m intersection of 2.12 g/t Au & 5 g/t Ag from 37.45 m down-hole.

TRDD 7 returned two separate intersections of 6 m at 1.19 g/t Au & 7 g/t Ag and 6.9 m at 1.63 g/t Au & 9 g/t Ag within a 34.5 m intersection of 0.69 g/t Au & 4 g/t Ag from 75.5 m down-hole.

TRDD 8 returned a narrow intersection of 4 m at 1.29 g/t Au & 4 g/t Ag from 99.1 m down-hole.

The true width of the vein on section TRDD 6/7 is about 7-8 metres, slightly wider than on the section 100 m to the southwest. To the northeast, the vein splits into several narrow veins in hole TRDD 8. The lower gold grades in holes TRDD 6, 7 and 8 are explained by lower sulphide content and a greater volume of barren carbonate within the vein. These holes differ from the previous holes by the presence of limestone and lack of an andesite intrusion.

These holes confirm extensions of the strike of the mineralised vein system for 200 metres to the northwest but at present, potential for high-grade ore shoots appears to be greater at the southern end of West Sentul where surface vein outcrops and drill intersections have returned the widest and highest grade gold intersections to date. To the southwest, strike and down plunge extent of the mineralised vein remains open.

Drilling continues to test the vein targets at Sentul and a second rig is being mobilised to accelerate progress and commence testing of other prospects within Trenggalek so that they can be ranked for follow-up drilling.

Total reported meterage to-date is 924 metres, or just over 18% of the 5,000 metre programme to be conducted this year.

Holes TRDD 6 and 7 are shown in the section and a complete list of drill hole details and significant gold intersections are presented in the tables.

Sentul Prospect
Significant Mineralised Intercepts

Hole ID
From
(m)
To
(m)
Interval
(m)
Au
g/t
Ag
g/t
TRDD006
37.45
49.40
11.95
2.12
5

Incl





37.45
40.05
2.60
4.30
7

47.45
49.40
1.95
5.32
7






TRDD007
78.50
81.50
6.00
1.19
7

103.10
110.00
6.90
1.63
9






TRDD008
99.10
103.10
4.00
1.29
4

Notes: 1) Core recovery in these mineralised intercepts is generally greater than 95%
2) Assay results are from half-core samples split with a power saw. Logging, sample intervals, sampling & dispatching were done under the strict control of the Company's geologists
3) Sample preparation and analyses were conducted by P.T. Intertek Utama Services in Jakarta.
4) Gold was assayed by 50g Fire Assay/AAS Finish.

Sentul Prospect
Drill Hole Location & Collar Information

Hole ID
Coordinates
Dip
Azimuth
Final
Depth

(m)
mN
mE
mRL
TRDD001
9,088,689
572,164
711
-550
2440
150.3
TRDD002
9,088,674
572,176
698
-530
3000
100.7
TRDD003
9,088,675
572,176
698
-450
3270
109.8
TRDD004
9,088,659
572,189
689
-600
3100
152.2
TRDD005
9,088,690
572,164
711
-450
3050
34.55
TRDD006
9,088,775
572,225
681
-450
3150
126.3
TRDD007
9,088,775
572,226
681
-650
3150
134.1
TRDD008
9,088,831
572,284
664
-450
3050
114.2

ARX is exclusively focussed on exploration for gold and associated metals in Indonesia. The Company aims to generate value through the discovery, exploration and proving up of gold-silver and copper-gold deposits within Indonesia's highly prospective magmatic arcs and associated terrains.

The Company has three projects. Trenggalek, in East Java, the subject of this announcement, Bima in East Sumbawa, and a Strategic Alliance with the Anglo American group in Papua.


The information in this report that relates to Exploration Results is based on information compiled by Mr John Carlile, who is a Fellow of the Australian Institute of Mining and Metallurgy, and Mr Brad Wake, who is a member of the Australian Institute of Geoscientists. Mr Carlile and Mr Wake have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as Competent Persons as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.' Mr. Carlile and Mr. Wake are full time employees of Arc Exploration Limited and consent to the inclusion in this report of the matters based on their information in the form and context in which it appears.


For further information please contact:

Andrew J. Cooke
Company Secretary
Tel: + 61 2 9419 8044
Email: andrewcooke@arx.net.au
Or visit the website:
www.arcexploration.com.au


29 March

FURTHER ENCOURAGING DRILL RESULTS FROM TRENGGALEK

Arc Exploration Limited (ASX Code: ARX) is pleased to announce further encouraging drill results from its scout drilling programme at Trenggalek in East Java.

On 12 March ARX announced positive drill results from the first two holes (TRDD 1 and 2) drilled at Trenggalek. Since that time results of a further three holes have been received.

These latest holes, TRDD 3, 4 and 5, all located in the southern portion of the West Sentul Vein, total 295 metres. All three holes returned narrow high grade gold (8-17 g/t Au) intersections from within broader moderate grade gold (4-6 g/t Au) zones hosted in the vein.

TRDD 4 and 5 were drilled perpendicular to the vein on the same section as TRDD 2 to test vein continuity to a depth of approximately 150 metres below surface. TRDD 3 was drilled to the north from this section to intersect the vein at about the same elevation as TRDD 2 but approximately 25 metres further north along its strike.

Total reported meterage to-date is 550 metres or just over 10% of the 5,000 metre programme to be conducted this year to test and rank several prospects for further drilling.

TRDD 3 returned two separate 1 m intersections of 10.4 g/t Au & 21 g/t Ag and 10.2 g/t Au & 40 g/t Ag within a 9.4 m intersection of 5.27 g/t Au & 18 g/t Ag from 35.1 m down-hole.

TRDD 4returned a 2 m intersection of 17.2 g/t Au & 13 g/t Ag within a 9.65 m intersection of 4.51 g/t Au & 8 g/t Ag from 111.35 m down-hole. It also returned a separate 1 m intersection of 7.34 g/t Au & 10 g/t Ag within a 10.75 m intersection of 3.62 g/t Au & 9 g/t Ag from 127.95 m down-hole.

TRDD 5 returned a 1 m intersection of 8.10 g/t Au & 23 g/t Ag within a 9 m intersection of 4.91 g/t Au & 19 g/t Ag from 5.8 m down-hole.

The true-width of the mineralised vein in this part of the vein system appears to be consistent at approximately 6-7 metres.

In all cases the intersections occur in a partly oxidised, dominantly brecciated colloform-crustiform textured, chalcedony-quartz-pyrite/marcasite vein showing traces of base metal sulphide.

Holes TRDD 2, 4 and 5 are shown in the section above and a complete list of drill hole details and significant gold intersections are presented in the tables below.

Sentul Prospect
Drill Hole Location & Collar Information

Hole ID
Coordinates
Dip
Azimuth
Final Depth
(m)
mN
mE
mRL
TRDD001
9,088,689
572,164
711
-550
2440
150.3
TRDD002
9,088,674
572,176
698
-530
3000
100.7
TRDD003
9,088,675
572,176
698
-450
3270
109.8
TRDD004
9,088,659
572,189
689
-600
3100
152.2
TRDD005
9,088,690
572,164
711
-450
3050
34.55

Sentul Prospect
Significant Mineralised Intercepts

Hole ID
From
(m)
To
(m)
Interval
(m)
Au
g/t
Ag
g/t
TRDD003
23.9
25.65
1.75
6.18
32

35.1
44.5
9.4
5.27
18

Incl





37.0
38.0
1.0
10.4
21

42.0
43.0
1.0
10.2
40
TRDD004
111.35
121.00
9.65
4.51
8

Incl





111.35
113.35
2.0
17.2
13

127.95
138.7
10.75
3.62
9

Incl





135.95
136.95
1.0
7.34
10
TRDD005
5.8
14.8
9.0
4.91
19

Incl





11.8
12.8
1.0
8.10
23

Notes: 1) Core recovery in these mineralised intercepts is generally greater than 95%
2) Assay results are from half-core samples split with a power saw. Logging, sample intervals, sampling & dispatching were done under the strict control of the Company's geologists
3) Sample preparation and analyses were conducted by P.T. Intertek Utama Services in Jakarta.
4) Gold was assayed by 50g Fire Assay/AAS Finish.

The Company regards these results as very encouraging as they confirm the occurrence of high grade gold mineralisation surrounded by moderate grade gold mineralisation to a depth of at least 150 metres below surface in the southern part of the West Sentul Vein. Mineralisation is open in both directions along strike and at depth. The vein textures observed in these recent intercepts are considered to be typical of strongly mineralised, high-level epithermal gold-vein systems described elsewhere in the Indonesian archipelago.

ARX is exclusively focussed on exploration for gold and associated metals in Indonesia. The Company aims to generate value through the discovery, exploration and proving up of gold-silver and copper-gold deposits within Indonesia's highly prospective magmatic arcs and associated terrains.

The Company has three projects. Trenggalek, in East Java, the subject of this announcement, Bima in East Sumbawa, and a Strategic Alliance with the Anglo American group in Papua.


The information in this report that relates to Exploration Results is based on information compiled by Mr John Carlile, who is a Fellow of the Australian Institute of Mining and Metallurgy, and Mr Brad Wake, who is a member of the Australian Institute of Geoscientists. Mr Carlile and Mr Wake have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as Competent Persons as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.' Mr. Carlile and Mr. Wake are full time employees of Arc Exploration Limited and consent to the inclusion in this report of the matters based on their information in the form and context in which it appears.


For further information please contact:

Andrew J. Cooke
Company Secretary
Tel: + 61 2 9419 8044
Email: andrewcooke@arx.net.au

Or visit the website:
www.arcexploration.com.au


25 March

Notification of Date of Annual General Meeting

In accordance with Listing Rules 3.13.1 the Company advises that its Annual General Meeting will be held in Chatswood on Friday 21 May 2010.



For further information please contact:

Andrew J. Cooke
Company Secretary

Tel: + 61 2 9419 8044
Email: andrewcooke@arx.net.au


12 March

ENCOURAGING DRILLING RESULTS FROM THE TRENGGALEK GOLD PROJECT IN INDONESIA

Arc Exploration Limited (ASX Code: ARX) is pleased to announce the results of the first two scout drill-holes from the Sentul Prospect at its Trenggalek Project in East Java.

These first two holes total 251 metres or around 5% of a planned 12 month, 5000 metre, drilling program that will scout test a number of separate prospects at Trenggalek with about 50-60 drill-holes. The objective of this initial program is to identify and rank prospects for further drilling. Holes three and four have been completed at West Sentul and assays are awaited. Hole number five is in progress.

The Sentul prospect comprises two main veins, West Sentul and East Sentul, which have a combined strike length of over 2 kms and are connected by numerous tension veins.

The first hole TRDD-001 was drilled at a low angle to the West Sentul vein to intersect the vein beneath a surface trench sample result of 3 m at 7.6 g/t Au and 35 g/t Ag.

The highest grade result from TRDD-001 was 1 m at 9.47 g/t Au and 11 g/t Ag that occurs within a lower grade zone of 70.4 m at 0.82 g/t Au and 6 g/t Ag from 72.6 m down-hole. This zone also contains several intervals ranging from 1 to 3 g/t Au (refer to table).

The second hole TRDD-002 was drilled perpendicular to the West Sentul vein to intersect the vein at a higher angle but similar elevation (75 m below surface) to TRDD-001 and 20 m to the north.

The highest grade result from TRDD-002 was 1 m at 11.70 g/t Au and 18 g/t Ag and it occurs immediately below a lower grade zone of 18.55m at 0.85g/t Au and 8 g/t Ag from 30.8 m down-hole. This zone, as with TRDD-001, also contains several intervals ranging from 1 to 3 g/t Au (refer to table).

Both drill-holes intersected a broad zone of discrete quartz veins separated by gold bearing stockwork-veined volcanic rock. The true-width of the mineralised zones is unknown at this stage.

A complete list of elevated gold intersections for both of these initial drill holes is presented in the table below:

Hole ID
From
(m)
To
(m)
Interval
(m)
Au
g/t
Ag
g/t
TRDD001
12.35
19.35
7.0
1.37
8

Incl





13.0
14.0
1.0
2.82
8

17.0
19.35
2.35
2.48
12

44.0
49.0
5.0
2.04
15

52.0
53.0
1.0
1.32
6

65.3
66.4
1.1
1.05
8

72.6
143.0
70.4
0.82
6

Incl





99.0
100.0
1.0
9.47
11

103.0
106.0
3.0
2.28
13

107.0
108.0
1.0
1.73
20

111.0
113.0
2.0
3.17
9

118.0
119.0
1.0
1.52
26

122.0
126.0
4.0
2.37
15
TRDD002
23.0
24.0
1.0
2.80
6

30.8
49.35
18.55
0.85
8

Incl





30.8
34.1
3.30
2.55
12

40.0
41.0
1.0
1.80
12

49.35
56.0
6.65
3.29
10

Incl





54.0
55.0
1.0
11.70
18

Notes:

1) Core recovery in these mineralised intercepts is generally greater than 98%
2) Assay results are from half-core samples split with a power saw. Logging, sample intervals, sampling & dispatching were done under the strict control of the Company's geologists
3) Sample preparation and analyses were conducted by P.T. Intertek Utama Services in Jakarta.
4) Gold was assayed by 50g Fire Assay/AAS Finish.

These initial drill results clearly confirm the occurrence of high grade gold vein intercepts within a larger zone of lower grade gold-bearing quartz veins and stockwork-veined volcanic rocks. The Company considers the results to be encouraging.

Drilling will continue on the Sentul Prospect probably for the next one to two months to further test the two main vein systems and the connecting tension veins, before moving to the next prospect. Simultaneously, surface exploration will continue with the objective of identifying additional prospect areas.

ARX is exclusively focussed on exploration for gold and associated metals in Indonesia. The Company aims to generate value through the discovery, exploration and proving up of gold-silver and copper-gold deposits within Indonesia's highly prospective magmatic arcs and associated terrains.

The Company has three projects. Trenggalek, in East Java, the subject of this announcement, Bima in East Sumbawa, and a Strategic Alliance with the Anglo American group in Papua.


The information in this report that relates to Exploration Results is based on information compiled by Mr John Carlile, who is a Fellow of the Australian Institute of Mining and Metallurgy, and Mr Brad Wake, who is a member of the Australian Institute of Geoscientists. Mr Carlile and Mr Wake have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as Competent Persons as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.' Mr. Carlile and Mr. Wake are full time employees of Arc Exploration Limited and consent to the inclusion in this report of the matters based on their information in the form and context in which it appears.


For further information please contact:

Andrew J. Cooke
Company Secretary

Tel: + 61 2 9419 8044

Email: andrewcooke@arx.net.au

Or visit the website: www.arcexploration.com.au


24 February

APPENDIX 3B - ALLOTMENT OF OPTIONS

The allotment of 18,750,000 ARXOA Options.

PDF File (272K)


24 February

APPENDIX 3B - ALLOTMENT OF SHARES UPON EXERCISE OF OPTIONS

The allotment of 7,347 shares pursuant to the exercise of ARXOA Options (@3.6 cents) and 1 share pursuant to the exercise of 1 ARXO Option (@75.0 cents).

PDF File (268K)


15 February

ARC EXPLORATION EXPLORES FOR GOLD IN INDONESIA

INTRODUCTION

Arc Exploration Limited (www.arcexploration.com.au) is an Indonesian based gold explorer that is listed on the Australian Securities Exchange (ASX code: ARX).

ARX is well suited to investors looking for exposure to gold in Indonesia and growth through exploration success, discovery and the proving up of gold resources.


STRATEGY

ARX is exclusively focused on exploration for gold in Indonesia. The company aims to generate value through the discovery, exploration and proving up of high-grade gold-silver and bulk tonnage copper-gold deposits within Indonesia's highly prospective magmatic arcs and associated terrains.

Indonesia has a land area of 1.8 million km2 and is rich in mineral resources. It is in the top ten of world metal producers in tin, nickel, copper and gold. Despite this, large parts of the country remain little explored due to steep terrain and the resulting challenges with logistics and access.

Indonesia's geology comprises a series of young magmatic arcs, mostly formed within the last 5 million years as a result of subduction of the Australian plate beneath the Asian plate. With around 7,500km of arc length Indonesia contains a greater length of prospective magmatic arc rocks than any other country.

With these extensive areas of prospective geology and the relatively minor amount of exploration to date, there is plenty of scope for new discoveries. This is the reason ARX is focusing on Indonesia.

The country is prospective for a variety of gold deposits. At one end of the spectrum are high grade low tonnage gold-silver bearing epithermal veins generally selectively mined from underground. At the other end of the spectrum are low grade high tonnage porphyry copper-gold deposits either bulk mined from surface open pits or underground block caves. These gold deposits are ARX's prime targets.

ARX focuses only on exploration; from identifying prospective areas and tenement acquisition through initial discovery to resource definition. The company's core strength lies in its ability to identify, secure, explore and add value to gold projects up to the point of resource definition and pre-feasibility. The conduct of detailed feasibility studies, construction and mining requires a degree of financial strength and a depth of experience such that these are best carried out by major mining companies. ARX believes that shareholder value will be maximised by confining its activities to exploration rather than moving to production with the associated delivery risks. This is the reason that ARX is confining its activities to exploration.

The corporate objective is to grow shareholder value through the discovery and building of a substantial portfolio of gold resources.

Value will be locked in by whatever method maximises returns to ARX shareholders, including farming out project equity to a major mining company once a resource has been defined. The "major" would fund, develop, construct and mine. ARX would retain a minority equity position that would provide ongoing income to fund further exploration of new projects.

Following a capital raising in December 2009, the company has a cash reserve of around A$ 3 million and has also formed an alliance with a drilling contractor in Indonesia to carry out 5,000 metres of drilling (valued at approx. A$ 1 million) at its Trenggalek Gold Project in exchange for shares and options in ARX rather than cash.

The capital raising also resulted in the issue of ARXOA listed options with an exercise price of A$ 0.036 valid until the end of January 2011. If exercised, these options will raise approximately A$ 7 million which will be used to fund exploration during 2011/2012.

MANAGEMENT

In line with its Indonesian focus, the ARX management team is based in Indonesia. The team has a proven track record in gold exploration and discovery and a demonstrated ability to work with local communities and government to meet regulatory requirements and obtain necessary permits for the conduct of exploration.

The Managing Director and CEO, John Carlile, established and led the exploration team at Newcrest Mining that discovered and proved up high-grade epithermal gold in the Gosowong District on Halmahera and Exploration Manager, Brad Wake, led the exploration team at Aurora Gold that discovered and proved up the epithermal gold deposit at Toka Tindung in North Sulawesi.

Together the senior exploration team has over 50 man years of in-country exploration experience.


PROJECTS AND 2010 PROGRAM

ARX is currently involved in three projects; Trenggalek in East Java, Bima in East Sumbawa and a strategic alliance with the Anglo American Group in Papua. The company is also actively seeking to secure new projects to expand its portfolio and is continually engaged in discussions with qualified parties to this end.

Trenggalek Project, East Java (ARX-95%)

The main focus for 2010 is on the Trenggalek Project in East Java. ARX operates a joint venture with P.T. Sumber Mineral Nusantara which holds the Trenggalek Exploration IUP license covering an area of 30,044 hectares (~ 300 km2).

Trenggalek hosts several outcropping gold-silver bearing epithermal vein systems, a high-grade gold bearing vein boulder field and extensive areas of high level alteration and brecciation with anomalous pathfinder elements that may overlie blind gold bearing vein systems. With these multiple targets Trenggalek has the potential to become a new gold district containing multiple deposits.

The geological setting of Trenggalek shows many similarities to other arc segments in Indonesia that host world-class epithermal gold-silver vein deposits, including Gunung Pongkor and Gosowong/Kencana. The IUP is located in the Southern Mountains, an older segment of the Sunda-Banda Arc which hosts numerous gold, silver and base metal prospects. The large Tujuh Bukit porphyry copper-gold project, being explored by Intrepid Mines, is located about 250 km east of Trenggalek and lies in similar rocks.

A 5,000 metre scout drilling program commenced at Trenggalek on 1 February 2010. This drilling will test several high-grade vein targets (Sentul, Buluroto, Kojan and Jati) and high-level breccia targets (Dalangturu and Suruh). The program will comprise about 50-60 inclined holes with about 5-10 holes drilled at each prospect to an average depth of between 50 and 150 m.

Initial drilling will test the Sentul Prospect at the southern end of the IUP. The two main north-northeast trending veins, Sentul East and West, have a cumulative strike-length of over 2 km and are connected by numerous tension veins. Trench sampling across the veins highlights locally high gold grades that indicate potential for high-grade ore-shoots within the vein structures. Approximately 1,000 m of drilling in 10 inclined holes is planned to initially test Sentul.

Surface exploration in the northern half of the IUP has identified several new areas of gold bearing vein float boulders. Higher grade results range from 7 to 46 g/t gold (Jombok-Salak). These are associated with extensive areas of alteration and hydrothermal brecciation that return anomalous arsenic-antimony-mercury geochemistry from rock chip samples (Dalangturu). The primary source(s) of this vein float remains to be identified but its distribution within a 30 km2 area and its association with fossilised near-surface hot spring features suggests potential for multiple blind or shallowly eroded, high-grade epithermal gold-silver vein deposits in this area.

Due to the numerous and varied targets already identified, Trenggalek appears to have the early indications of an emerging new gold district potentially containing multiple high grade vein gold deposits. Productive epithermal veins typically have grades of 10 to 20 g/t gold with contained metal in the range 0.5 to 3.0 million ounces (Moz) of gold.


Bima Project, East Sumbawa (ARX - 95%)

ARX operates the Bima Project joint venture with P.T. Sumber Mineral Nusantara which holds a General Survey KP license covering an area of 24,980 (~ 250 km2) hectares in East Sumbawa. ARX is in the process of converting the KP title to an IUP business licence under Indonesia's new mining law.

Sumbawa is situated within a segment of the Sunda-Banda Magmatic Arc which also hosts the giant Batu Hijau porphyry copper-gold deposit and several major copper-gold prospects on the western side of the island. This highly prospective terrain extends into East Sumbawa. The project area is underlain by Early Miocene to Pliocene, intermediate-felsic volcanic and volcaniclastic rocks, fossiliferous limestone, and high-level intrusions.

Initial prospecting has identified a 2 km by 1.5 km zone of alteration and stockwork quartz-baryte-sulphide veining hosted in a window of older volcanics within younger cover rocks. Rock chip sampling from the Kowo Prospect has produced up to 0.66 g/t gold and 482 g/t silver from selected chip sampling of the narrow veins within the stockwork. Anomalous base metals and other multi-element geochemistry were also returned in initial rock sampling with up to 0.9% lead, 0.7% zinc, 7.6% barium, 125 ppm molybdenum, 340 ppm arsenic and 57 ppm antimony. The early geological and geochemical results from Kowo suggest the possibility of a buried porphyry copper-gold target in a proven copper-gold producing region.

Further regional mapping, drainage sampling and a more detailed surface evaluation of the Kowo Prospect are planned during 2010 with the aim of advancing the project to the scout drilling stage.


Anglo Strategic Alliance (ARX - 20%)

ARX has a 20% interest in a strategic alliance with the Anglo American Group (Anglo) to explore for large porphyry copper-gold deposits throughout Papua. The 20% interest is fully funded by Anglo through to a development decision.

The first project of this alliance is the Aisasjur Project located at the western end of the Medial Papuan Magmatic Arc. This arc hosts the giant copper-gold deposits of Grasberg and Ertsberg. The project comprises three KP tenements covering a total area of 60,896 hectares (~600 km2).

The project is managed by Anglo who are targeting porphyry copper-gold deposits beneath epithermal-style gold mineralization. Anglo has completed two programs of scout drilling at Aisasjur. A total of 6,906 metres in 13 holes has been drilled. Some holes have provided encouraging intersections and signs of deep porphyry-style chalcopyrite-bornite-magnetite mineralisation associated with blind porphyry intrusions. Mineralised intercepts include 26 m at 0.21% copper and 0.25 g/t gold from 539 m down-hole (ASD-23) and 8 m at 0.26% copper and 1.3 g/t gold from 712 m down-hole (ASD-26).

Anglo believes the geological signatures of the porphyry intrusions intersected at Aisasjur are similar to Grasberg, located about 500 km to the east.


GENERATIVE

ARX is seeking to secure additional tenements through its ongoing generative work. New projects will either be acquired or applied for either in partnership or by ARX alone depending on circumstances.


CONCLUSIONS

ARX aims to expand and add value to its current project portfolio by exploring for high-grade epithermal gold-silver and bulk tonnage porphyry copper-gold deposits. During 2010, it will focus on its existing tenements, particularly Trenggalek, but will simultaneously seek to acquire new projects within the highly prospective but little-explored Indonesian arcs.

If successful, ARX will create value for its investors and shareholders through the discovery and definition of new resources and the building of a substantial portfolio of gold resources. Senior management have a demonstrated track record of doing this. Gold resources will be developed by farming out project equity to a major mining company (s) with proven operator experience to take projects through detailed feasibility, financing, development, construction and mining or some other appropriate method that maximises shareholder value.

The exploration strategy aims to build a staged pipeline of projects. This will be an ongoing process and within 3 to 5 years it is anticipated that ARX will have established itself as a major exploration player throughout Indonesia with a substantial resource portfolio and with ongoing equity in a number of developing or producing gold operations.

Should a substantial gold deposit be demonstrated at Trenggalek or elsewhere within ARX's tenements, it is reasonable to expect that the ARX share price will be substantially re-rated to the benefit of all investors and shareholders.



The information in this report that relates to Exploration Results is based on information compiled by Mr. Brad Wake, who is a member of the Australian Institute of Geoscientists. Mr. Wake has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.' Mr. Wake is a full time employee of Arc Exploration Limited and consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

For further information please contact: Andrew J. Cooke
Company Secretary

Tel: + 61 2 9419 8044
Email: andrewcooke@arx.net.au
Website: www.arcexploration.com.au


11 February

CLEANSING STATEMENT (SECTION 708A)


11 February

APPENDIX 3B - APPLICATION FOR QUOTATION OF SHARES AND OPTIONS

Application for Quotation for 1,944,444 shares and 972,222 options issued to Dean Gallegos for services provided in respect of the Placement and Rights Issue conducted in October/November 2009.

PDF File (268K)


10 February

Arc Exploration Limited - Price Query

We refer to your letter dated 9 February 2010 regarding recent increases in the Company's share price and volume of trading.

We respond to the questions that you have raised as follows:

  1. Is the Company aware of any information concerning it that has not been announced which, if known, could be an explanation for recent trading in the securities of the Company?

    The Company is not aware of any information concerning it that has not been announced which, if known, could be an explanation for recent trading in the securities of the Company.

    On 28 January 2010 the Company announced to the ASX encouraging new gold results from the Sentul East Vein at the Trenggalek Project in East Java, Indonesia.

    On 1 February 2010 the Company announced to the ASX that drilling had commenced on the Trenggalek Project.

    The Trenggalek project is a 30,044 hectare Exploration IUP tenement located in the highly prospective Southern Mountains region of East Java, which is emerging as a new mineral province. The Company is undertaking a 5,000 m scout diamond drilling program at Trenggalek to test several high-grade vein targets and high-level breccias targets. The program will comprise about 50-60 inclined holes with about 5-10 holes drilled at each prospect to an average depth of between 50 and 150 m. Initial drilling will test the Sentul Prospect.


  2. If the answer to question 1 is yes, can an announcement be made immediately?

    Not applicable.


  3. Is there any other explanation that the Company may have for the price change and increase in volume in the securities of the Company?

    The Company is not aware of any other explanation for the price change and increase in volume in the securities of the Company.

  4. Please confirm that the Company is in compliance with the listing rules and in particular, listing rule 3.1.

    The Company is in compliance with the listing rules and in particular, listing rule 3.1 relating to continuous disclosure and the requirement for immediate notice of material information.

Yours sincerely


Andrew J. Cooke
Company Secretary

Tel: + 61 2 9419 8044
Email: andrewcooke@arx.net.au

Website: www.arcexploration.com.au


01 February

DRILLING COMMENCES ON TRENGGALEK GOLD PROJECT, EAST JAVA

Arc Exploration Limited (ASX Code: ARX) advises that drilling has commenced on the Trenggalek Project. The project is a 30,044 hectare Exploration IUP tenement located in the highly prospective Southern Mountains region of East Java, which is emerging as a new mineral province containing the Company's Trenggalek gold project and the Tujuh Bukit copper-gold project held by Intrepid Mines Limited located about 200 kms to the east.

The Company will conduct 5,000 m of scout diamond drilling at Trenggalek utilizing a man-portable Maxi-195 drilling rig to test several high-grade vein targets (Sentul, Buluroto, Kojan and Jati ) and high-level breccias targets (Dalangturu and Suruh). The program will comprise about 50-60 inclined holes with about 5-10 holes drilled at each prospect to an average depth of between 50 and 150 m.

Initial drilling will test the Sentul Prospect at the southern end of the IUP (refer the Generalised Geology diagram below). The Sentul Prospect comprises two main north-northeast trending veins (Sentul East and West) that have a cumulative strike-length of over 2 km. They are connected by numerous intermediate tension veins and are largely untested along their strike-length and down-dip. Trench sampling results highlight locally high gold grades that suggest potential for the occurrence of high-grade ore-shoots within the vein structures. About 1,000 m of drilling in 10 inclined holes is planned to test the Sentul Prospect over the next few months (refer the Longitudinal Projection below).

TRENGGALEK PROJECT
Generalised Geology


The information in this report that relates to Exploration Results is based on information compiled by Mr. Brad Wake, who is a member of the Australian Institute of Geoscientists. Mr. Wake has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.' Mr. Wake is a full time employee of Arc Exploration Limited and consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.


For further information please contact:

Andrew J. Cooke
Company Secretary

Tel: + 61 2 9419 8044
Email: andrewcooke@arx.net.au

Or visit the website:

www.arcexploration.com.au


ABOUT ARC EXPLORATION LIMITED

Arc Exploration Limited (ASX Code: ARX) is an Australian listed gold company focused on exploration in Indonesia.

ARX aims to generate value through the discovery of high-grade gold, silver and associated base metal deposits within Indonesia's highly prospective magmatic arcs.

The company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Trenggalek tenement located in East Java prospective for low sulphidation epithermal gold-silver deposits and also holds a 95% interest in the Bima tenement located in East Sumbawa of West Nusa Tenggara Province.

In addition, in association with Anglo American Group, the company is also exploring for large porphyry copper-gold deposits in Papua.


28 January

ENCOURAGING NEW GOLD RESULTS FROM THE
TRENGGALEK PROJECT, EAST JAVA

Arc Exploration Limited (ASX Code: ARX) is pleased to announce encouraging new gold results from rock chip sampling on its Trenggalek Project in East Java.

Continuous-chip samples taken across the Sentul East Vein in trenches recently excavated at the Sentul Prospect are: -

0.4 m at 9.6 g/t Au & 18 g/t Ag in trench CTS-47
2.0 m at 7.5 g/t Au & 16 g/t Ag including 0.8 m at 13.4 g/t Au
and 33 g/t Ag in trench CTS-62
2.0 m at 4.2 g/t Au & 7 g/t Ag in trench CTS-63

The Sentul East Vein is one of two mineralized veins identified at the Sentul Prospect, which together have a currently identified cumulative strike length of over 2 km. Surface mapping indicates that the average width of these veins is at least 2-3 m and in places up to 10 m.

Results from trench samples between the above intersections returned low to medium gold grades. Such variation of gold grade is typical of low-sulphidation epithermal gold-vein systems. The presence of high gold results along the Sentul East, and the previously reported Sentul West Vein indicate potential for the occurrence of high-grade ore shoots along these vein-structures.

The Sentul East and West Veins, and the numerous narrower tension veins between them are largely untested along strike-length and down-dip. Approximately 1,000 m of drilling in 12 inclined holes is planned to test these veins as the initial part of the Company's proposed scout diamond drilling program.

SENTUL VEIN OUTCROPS - Location Plan (UTM GRID)

The information in this report that relates to Exploration Results is based on information compiled by Mr. Brad Wake, who is a member of the Australian Institute of Geoscientists. Mr. Wake has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.' Mr. Wake is a full time employee of Arc Exploration Limited and consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.


For further information please contact:

Andrew J. Cooke
Company Secretary

Tel: + 61 2 9419 8044
Email: andrewcooke@arx.net.au

Or visit the website:

www.arcexploration.com.au




ABOUT ARC EXPLORATION LIMITED

Arc Exploration Limited (ASX Code: ARX) is an Australian listed gold company focused on exploration in Indonesia.

ARX aims to generate value through the discovery of high-grade gold, silver and associated base metal deposits within Indonesia's highly prospective magmatic arcs.

The company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Trenggalek tenement located in East Java prospective for low sulphidation epithermal gold-silver deposits and also holds a 95% interest in the Bima tenement located in East Sumbawa of West Nusa Tenggara Province.

In addition, in association with Anglo American Group, the company is also exploring for large porphyry copper-gold deposits in Papua.


20 January

APPENDIX 3B - EXERCISE OF ARXOA OPTIONS

Application for Quotation in respect of 167,340 shares issued today pursuant to the exercise by existing shareholders of ARXOA options @ 3.6 cents.

PDF File (272K)


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