Project Overview
The company’s portfolio of properties comprises of one granted Exploration License, our flagship, the Malaumanda Main/EL2752 gold and copper gold project and the adjacent Malaumanda Regional/EL2796 an application. Both tenements are highly prospective projects with high potentials for major porphyry deposits unexplored within the prolific mineral belt, located on the New Guinea Thrust Belt hosting world class Gold, and Copper-Gold-(Nickel & Molybdenum) mines and deposits in PNG.
Malaumanda Properties are no different, given its locality within the prospective belt and characteristics exhibiting entire regime of Magmatic – hydrothermal Copper – Gold system. Projects area shows early signature geological characteristics to host vein controlled high bonanza Gold grades and high Tonnage Cu-Au-Mo deposit. With proper exploration work, it can be quickly developed into another Kainantu, Hidden Valley and Porgera mines or high tonnage copper gold mines and deposits like Ok Tedi, Frieda River and Wafi Golpu.
The properties also have untapped potential for immediate alluvial mining with most of the creeks and tributary have alluvial gold. Locals, and individual can is able to pan a minimum of one gram of gold on a daily basis and any nugget is a bonza only through panning and the main Korosameri riverbank is currently called their Bank ATM.