Detail | Information |
Assets Included | 4 mining projects – PNG gold project (Crater Mountain), Australian graphite project, Sunset North gold deposit (Australia), and one polymetallic project |
Locations | Papua New Guinea (Eastern Highlands) and Australia (multiple sites) |
Resources | JORC-compliant gold resources (PNG project with high-grade and large porphyry zones; Sunset North with ~30 koz reserve); significant graphite mineralization (advanced exploration stage); polymetallic deposit with gold and copper potential |
Licenses | PNG: ML510 mining lease (valid to 2029) and EL1115 exploration license (renewal submitted for 2025); Australia: active exploration licenses for graphite and gold projects; mining license application for graphite to be submitted by Sep 2025 |
Infrastructure | PNG site has an established camp and mining infrastructure (currently dormant); other projects have basic exploration facilities and road access |
Development Status | PNG gold project has three defined zones (high-grade, mixing zone, porphyry with >10 Moz potential); Australian projects at exploration to pre-development stage |
Investment | ~USD 140 million (for 100% equity in the holding company, includes ~4% transaction commission) |
Proposed Stake | 100% ownership (full acquisition of the company and its assets) |