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Kalimantan Gold (KLG:AIM) 9.25p

The exploration group is talking with one of the world’s top five mining groups and one of China’s largest copper producers about a potential farm-in agreement on its properties in Indonesia.

Australian metals group Oxiana last month scrapped plans to earn a 66.67% stake in the junior’s Central Kalimantan project, despite having spent $2.5 million on initial exploration. Oxiana said drilling failed to indicate the presence of a porphyry copper-gold deposit.

Kalimantan Gold believes the project still has potential and is hopeful of securing a replacement JV partner. It is also close to acquiring a coal project in Indonesia, which should be announced by late March.