Gold Mining Company Investment Opportunity in East Sepik Province, Papua New Guinea
Hardrock gold deposit has world-class potential & alluvial gold mining resources has US$22.4M value.
This transaction has concluded.
| Established | 5-10 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Public Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Gold Mining |
| Locations | East Sepik Province |
| Local Time | 6:48 AM Pacific / Port Moresby |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Partial Stake Sale
USD
1.63 million
for
49.0%
stake
(Native Currency: AUD 2,500,000)
Reason: For buying alluvial mining equipment, camp construction, logistics, insurance, salary of workers.
Includes physical assets worth
USD
980 thousand
Business Overview
- Focus for the immediate drill for resources calculation on the Malaumanda, gold & gold copper project located in East Sepik & Enga regions of Papua New Guinea.
- 7 prospects including 3 x gold zones within Exploration License for an area of 226 sq km; and exploration has been going on for more than 30 years.
- We are also focus for immediate "Alluvial Gold Mining" value US$22.4 million within 3,000 Square Meters of the total 20,000 Sq. Meters in area one (1) but does not include another side of the river and the main river bank after our proposal to divert the river after mining the current focus 20,000 Square Meters 5-7 meters away from the river bank. This is apart from another few (3) different locations for alluvial within the license.
- Calculated resources value $ 22.4M (at US$1300.00 p / oz gold) within 3,000 Sq Meters of the total 20,000 Sq. Meters focus for alluvial mining are not inclusive of another 3 different locations.
- The gold will be sold to Perth Mint and various vendors in Australia.
- The local community from the project areas have interest in the company makes safe haven investment for investors.
- 7 prospects including 3 x gold zones within Exploration License for an area of 226 sq km; and exploration has been going on for more than 30 years.
- We are also focus for immediate "Alluvial Gold Mining" value US$22.4 million within 3,000 Square Meters of the total 20,000 Sq. Meters in area one (1) but does not include another side of the river and the main river bank after our proposal to divert the river after mining the current focus 20,000 Square Meters 5-7 meters away from the river bank. This is apart from another few (3) different locations for alluvial within the license.
- Calculated resources value $ 22.4M (at US$1300.00 p / oz gold) within 3,000 Sq Meters of the total 20,000 Sq. Meters focus for alluvial mining are not inclusive of another 3 different locations.
- The gold will be sold to Perth Mint and various vendors in Australia.
- The local community from the project areas have interest in the company makes safe haven investment for investors.
Products & Services Overview
- Hard rock deposit has world-class potential being located on the New Guinea gold-copper belt hosting major world class mines and deposits in Papua New Guinea;- Alluvial gold potential resources calculated has US$22.3M for only 3,000 Square Meters. Need US$2.5-3M for immediate alluvial gold production. Another 17,000 Square Meters yet to do resources calculation.
Facilities Overview
The Malaumanda airstrip located in the center of the project can accommodate up to fixed-wing aircraft and the national / central government has a budget to push a road into the project this year and expecting more funding next year.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysDirector, Cosmetics Products, Gurgaon, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysAdvocate, Hyderabad, M&A Advisor connected with the Business
-
Earlier than 15 daysManaging Director, Mining And Metals, Mount Crosby, Corporate Investor / Buyer connected with the Business
Tags:
Gold Mining Company Investment Opportunity in East Sepik Province, Papua New Guinea
·Invest in Gold Mining Company in East Sepik Province, Papua New Guinea
·Investment Opportunity in East Sepik Province, Papua New Guinea
·Invest in East Sepik Province, Papua New Guinea
·Gold Mining Company Investment Opportunity
·Invest in Gold Mining Company
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