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Arc Exploration Limited is an Australian publicly listed company seeking to explore and develop gold mines in Indonesia.
Construction started in late 2005 for the Cibaliung Gold Project; a high-grade epithermal gold vein system located southwest of Jakarta in Banten Provinces, western Java, Indonesia.
Arc Exploration plans to capitalize on its unique Indonesian abilities to explore for new projects in that country.
Arc Exploration was formed in 1983 and now has a strategic relationship with the ANJ Group & associates of Indonesia. The Lion Selection Group (ASX code: LSG) also remains a supportive shareholder.
As a result of a Debt for Equity Swap effected in March 2008 Australia and New Zealand Banking Group Limited has become the Company’s largest shareholder.
The Company's Code on the Australian Securities Exchange is "ARX".
The Company has also issued options which are listed and trade on the Australian Securities Exchange under the code of “ARXO”. These options have an exercise price of 75 cents and an expiry date of 30 June 2012.
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