Pacific Niugini operates through a wholly owned PNG based company, Pacific Niugini Minerals (PNG) Ltd, which operates with a solely Melanesian team of specialist geological staff with extensive PNG experience. Pacific Niugini Minerals (PNG) Ltd is headed by geologist, Mr David Osikore who is also an Executive Director of Pacific Niugini Limited (ASX:PNR). Pacific Niugini operates with self-inherited experience and respect for the cultural, customary and business process in Papua New Guinea.
Pacific Niugini (PNR) holds a suite of 11 granted exploration tenements on mainland Papua New Guinea covering some 6,478Km2 in some of the most highly prospective and historically productive areas in the country. Projects include the advanced Bulolo project where PNR has undertaken extensive bulk sampling of gold bearing gravel material, which has historical production in excess of 2 million ounces of gold.
In addition to the near term potential production assets at Bulolo, Pacific Niugini is actively exploring its tenement areas in the Morobe, Madang, Western Highlands and Gulf Province.
Figure 1: Pacific Niugini tenement locations
Pacific Niugini aspires to be the discoverer and developer of the next generation of mines in mainland PNG and its outer provinces, and will continue to use its Melanesian team to actively explore existing land holdings and to identify additional opportunities.
The information on this website that relates to the Exploration Results for Pacific Niugini Minerals Ltd is based upon information compiled by Mr David M Osikore (BSc Geology)), M.AusIMM.. Mr Osikore is a full time employee of Pacific Niugini Limited Mine and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is undertaking to duly qualify as a Competent Person as defined in the 2004 Edition of Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Osikore consents to the inclusion in the report of the matters based upon their information in the form and context to which it appears. Pacific Niugini has not calculated resources for the Bulolo Project in compliance with the JORC code, and does not intend to due to difficulties in dealing with alluvial deposits. Any production decision will be made on the basis of bulk sampling results, and in consideration of historical production from the area