NGG spin-off to accelerate Simuku development

TORONTO-BASED New Guinea Gold has reaffirmed plans to spin-off its Simuku project and its 75% interest in the Mt Nakru project, both copper-gold-molybdenum plays in PNG, into a new company, as previously mooted in November last year.

NGG spin-off to accelerate Simuku development
NGG spin-off to accelerate Simuku development
NGG spin-off to accelerate Simuku development
NGG spin-off to accelerate Simuku development
NGG spin-off to accelerate Simuku development

At that point, the plan was to “re-organise” its 10 gold and two porphyry polymetallic assets, all in PNG, into a new streamlined company and two spin-off companies to better realise the projects’

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