Augustus circles giant PNG gold prize in Porgera backyard

🌐 The Sydney Morning Herald (PG) —
Augustus circles giant PNG gold prize in Porgera backyard

AI Summary

Augustus Minerals has applied to develop the Mt Kare gold project in Papua New Guinea, near the large Porgera deposit. The company is pursuing a resource described as geologically similar to Porgera, which contains an estimated 32 million ounces of gold.

Augustus Minerals is chasing a massive gold prize in PNG, lodging an application for the Mt Kare project, a geological cousin to the nearby 32-million-ounce Porgera giant.

Markets Commodities Augustus Minerals Mt Kare Porgera gold mining Papua New Guinea

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