Alluvial Gold & Gold Copper Mining Project
Sector: Hotel • Location: Angoram, Papua New Guinea
Source: United Nations Industrial Development Organization (UNIDO)
Aiabba Minerals (PNG) Limited is a 100% subsidiary of Aiabba Minerals Limited (ACN 626 620 351). The company focuses on mineral exploration in Papua New Guinea and currently has a portfolio of exploration properties located in the East Sepik and Enga provinces. The company's flagship property is an advanced gold and copper project (Malaumanda gold and copper project) for which the company holds an
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Description
Description | Aiabba Minerals (PNG) Limited is a 100% subsidiary of Aiabba Minerals Limited (ACN 626 620 351). The company focuses on mineral exploration in Papua New Guinea and currently has a portfolio of exploration properties located in the East Sepik and Enga provinces. The company's flagship property is an advanced gold and copper project (Malaumanda gold and copper project) for which the company holds an Exploration License (EL2421) issued under the PNG Mining Act. The company has also lodged an application for an adjacent area under ELA2669 giving it a total of 2,783km2 to explore. The combined 160 years plus experience and knowledge of the board and management team will ensure that the company's projects have a strong technical and financial focus to maximize the chance for success, The company's commitment is to achieve the company's primary goals with the aim to increase capital value for our high valued shareholders. The parent company, Aiabba Minerals Limited (ACN: 620 351 626) would like to apply for listing on the ASX however, prior to this happening, it needs to raise AUD$2.0Million under pre-IPO to continue exploration, drilling, and preparing Prospectus (including technical consultants reports) for Initial Public Listing (IPO) on the ASX. The company seeks to raise a minimum of A$10Million from the IPO. AUD$7.5M is earmarked to continue drilling with two more drill rigs for JORC resources with an aim for a minimum of 2.5 to 5 million ounces of gold and a million tonnes of copper. With the JORC resources on hand, the company will return to the market to raise a further A$100Million. The company is therefore seeking investors for assistance in the form of Equity Investments to continue exploration including drilling for JORC on the high world-class potential, the Malaumanda main EL2421 for resource calculations, and adjacent Malaumanda regional to explore for copper-gold deposit. |
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Original Currency | USD |
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Source
Source reliability | High |
Data quality score | 100% |
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URL | obfuscated_data,obfuscateddata.com |
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