Simberi Operations

Open-pit gold mine situated on the northernmost island of the Tabar Group. Mining dates to 2008, processing oxide ore to produce gold doré. Simberi Expansion Project Pre-Feasibility Study confirms a +200kozpa Life of Mine Plan extending to 13 years based on sulphide Ore Reserves. Application for early renewal of the Simberi Mining Lease progressed to Mining Advisory Committee recommendation stage. Memorandum of Understanding signed with Kumul Mineral Holdings to negotiate the purchase of up to 20% in the Simberi Mining Lease. Flagship PNG gold asset.