Mt Kare Gold Project (PNG)

Augustus Minerals Ltd, through ACM PNG (now a wholly owned subsidiary of the Company) holds a second-in-time Licence Application for the Mt Kare Gold Project. The Mt Kare exploration licence application continues to progress through the PNG permitting system.

Mt Kare is located 15km from, and is geologically analogous to, Barrick (Niugini) Limited’s Porgera gold mine (33Moz Au) and is one of the largest undeveloped gold assets in Australasia.