Freeport Resources Inc. is pleased to announce that, with the recent Yandera license renewal through 2025, the Company has commenced an internal project optimization review while discussions continue with potential strategic partners to advance the Yandera Copper Project to Definitive Feasibility Study. “There have been a number of new breakthrough adv...

St Barbara Limited provides the following production update for the March 2024 quarter (Q3 FY24). Simberi produced 17,257 ounces of gold in the March quarter, at an average milled grade of 1.63 g/t Au and gold recovery of 77%. Mill and rope conveyor availability are yet to reach targeted levels, however as anticipated mined grade improved during the qu...

Papua New Guinean shareholders of New Porgera Mine stand to receive well over K26 billion over the 20-year life of the mine, with more than K11 billion expected in the first 10 years, if gold price keeps at its current rate. Prime Minister Hon. James Marape announced this after this latest meeting with Barrick Gold Corporation President and Chief Execu...

Prime Minister Hon. James Marape has met with recently-appointed President and Chief Executive Officer of Newmont, Tom Palmer, in the National Capital recently. Mr Palmer paid a courtesy call on PM Marape at his office in Sir Manasupe Haus to update him on his visit to the country, which is primarily to Newmont’s mining sites to “understand the operati...

Prime Minister Hon. James Marape today extended his gratitude towards Rio Tinto for its diligent efforts in conducting an effective legacy impact assessment for the Panguna mine and its affected communities. The meeting saw the attendance of Rio Tinto PNG Country Director Andrew Cooper, along with Deputy Country Director Cornelius Soagai. Prime Mini...

The Mineral Resources Authority (MRA) on Friday March 22, 2024, played host to a delegation from the Department of Mines of the Southern African country of Botswana. The MRA Managing Director Jerry Garry, welcomed the delegation and presented an overview of PNG's mining industry and the MRA and its functions. The delegation comprised of the Director...

Hon. Muguwa Dilu, MP, Minister for Mining, has given an update on the PNG's mining sector. On his recent public statement, he highlighted the priority sectors of the government. The minister stated that he is committed in supporting policy initiatives that benefit the interest of all parties involved. "The extractive industry has always accounted for m...

New Porgera Limited (NPL) would like to clarify certain matters related to the reopening of the Porgera gold mine that have been the subject of speculation and considerable misinformation both in the national media and on social media platforms over the past week.   The benefit sharing terms agreed between the State, Barrick Niugini Limited (BNL), Kumu...

Highlights Assays received for the final four metallurgical diamond drill holes of the 14-hole, 1,856-metre program completed in January (refer ASX release Simberi Resource Definition Drilling Update January 23, 2024) including: SDH520: 28.6 m @ 1.4 g/t Au from 96.4 m; SDH522: 60 m @ 2.6 g/t Au from 118m, including 4 m @ 10.3 g/t Au from 11...

Mayur Resources Limited wishes to update shareholders regarding its announced partnership with PT SEA First Nickel Industry (PTSFNI) on 23 January 2024 concerning the Orokolo Bay Vanadium, Titanium, and Iron Sands project in Papua New Guinea (PNG). PTSFNI has requested to put on hold its obligations to fund the development of the Orokolo Bay project, c...

The seven landowning communities of the proposed Frieda River Copper-Gold Project have reaffirmed their commitment to work collaboratively with PanAust Limited at the first Community Leaders Forum for 2024. The Community Leaders Forum is a regular pre-development meeting that provides an opportunity for Frieda River Limited to inform and consult with k...

Financial Statement Highlights: • Strong Balance Sheet o Cash on Hand of $214 million including $168 million available cash and $46 million restricted cash o Listed Investments of $26.1 million • Growth Capital of $4.6 million incurred to rapidly advance development projects: o Resource definition supporting a targeted upgrade of 1 Moz...

Prime Minister Hon James Marape, recently witnessed the first gold pour of the New Porgera Mine, since the expiry of the then Special Mining Lease (SML1) in 2019. The event signifies that it will be 'all systems go' come July when full operations are expected to commence. The PM was on-site accompanied by the Governor for Enga Province Hon Sir Peter...

Production in 2024 is expected to be 120,000 to 140,000 ounces gold equivalent (“AuEq”). The second half of the year is expected to be the strongest, as operations progressively ramp up ahead of the new 1.2 million tonnes per annum (“mtpa”) Stage 3 Process Plant commissioning, scheduled for the end of Q1 2025. Cash costs between $820-$880 per ounce gold...

First two holes from K92’s maiden drill program at the Arakompa project (“Arakompa”), located ~4.5 km from the Kainantu process plant, recorded significant mineralization, with 4 high grade lodes intersected in hole KARDD0002 recording 7.20 m at 24.76 g/t AuEq, 5.70 m at 9.94 g/t AuEq, 5.30 m at 6.06 g/t AuEq and 3.60 m at 3.38 g/t AuEq (See Fig 1), and s...

Freeport Resources Inc. is pleased to announce that further to the Company’s news release of December 11, 2023, Papua New Guinea’s outgoing Minister for Mining, the Honourable Sir Ano Pala, approved the renewal of the Yandera Copper Project’s Exploration License 1335 (“EL”) through November 19, 2025, in accordance with the regulatory processes prescribed ...