Pan Asia Gemstones Mining Limited will
comprise an integrated mine-to-market operation. The cornerstone of this
strategy will be the trademarked “Tashkurgan Emerald”. The Tashkurgan Emerald
will be differentiated in the market from other emeralds by its excellent
natural beauty, and by a guarantee that the stones are entirely natural, and
have received no treatment or enhancement of any kind.
To achieve its aim of
creating a mine to market business, a high quality cutting and polishing
operation will be set up in the Tashkurgan Municipal area with land granted by
the Municipal Government to build a factory, where the top quality
emeralds will be processed in-house.
The distribution of
cut emeralds to the market will be modelled on the Rio Tinto Emerald
sight-holder system. This method was employed with great effect at the famous Sandawana Emerald mine. A further component of the Company's strategy will be to
target the introduction of China's new “Tashkurgan Emerald” to the newly
affluent Chinese consumer. Commercial quality emeralds will be mainly processed
in-house and marketed in China and to the US and other markets.
Pan Asia is in the
process of applying for a mining license. The Company has signed a Memorandum of
Understanding with the authorities to consolidate the Dabada Village New Emerald
Mining Area. This gives Pan Asia the prerogative to bring the entire emerald
area under its umbrella. The Company will undertake an ongoing programme to
define and continually upgrade emerald reserves within its licence areas.
Mining will commence
dependent upon the feasibility study, trial mining and the definition of an economically viable
ore body. Owing to the nature of gemstone occurrences, the
feasibility study will aim to define an “inferred or indicated reserve”.
Appropriate mine design and extraction methods will determine the scale of
mining operations and the level of investment required to bring the deposits
into production.