Perth miner eyes PNG resources

PERTH-based mining company Siburan Resources has kicked off reviews and discussions with potential partners, with plans to acquire mineral projects in Papua New Guinea.

The gold and uranium-focused company said in a statement the move towards developing in PNG was consistent with the company's strategy of adding to its current project portfolio of real diverse opportunities in prospective mineral regions.

"PNG is famous for its large multi-million ounce gold deposits such as Porgera, Lihir and also the OK Tedi copper mine," Siburan Resources managing director Noel ONG said.

Siburan Resources is currently in a preliminary review stage, with discussions focusing on forming a joint venture in the PNG region.

Ong said he was "very excited" to be reviewing opportunities in PNG and believed they could make a mark in the country.

"I believe that by taking these initial steps we can establish ourselves in a country that is prospective for a whole range of minerals," Ong said.

PNG has been ranked the eleventh largest gold producer in the world over the past few years and is also emerging as a significant copper producer.

Ong said an experienced team and a well funded exploration budget made him confident of establishing a presence in PNG.


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