Disseminated on behalf of Numa Numa Resources Inc. and may include paid advertisements.
- One of Numa Numa’s primary endeavors is the reconstruction of the Panguna Mine, a project that holds immense promise for the company and for Bougainville.
- Numa Numa expects to continue the construction of the road it is building from the Panguna Mine road across the Mainoki and Karato exploration areas, which will connect and serve the entire mining region.
Numa Numa Resources is making significant strides in developing key mining projects in the Autonomous Region of Bougainville, currently a political unit of Papua New Guinea. With a strategic focus on Bougainville’s most prospective resources, the company’s initiatives are poised to unlock substantial financial potential and contribute significantly to Bougainville’s long-term economic development.
One of Numa Numa’s primary endeavors is the reconstruction of the Panguna Mine, explored and developed in the late 1960’s by Rio Tinto, which, when it operated from 1972 to when it was closed prematurely due to the Crisis, the civil war that erupted over the mine, was one of the world’s largest copper and gold producers. The Panguna Mine project holds immense promise, not only for the company but for the landowners, the company’s partners, and for all Bougainvilleans (https://ibn.fm/aUxKb).
According to the company, the Panguna Mine’s 547.15 metric tons of known gold reserves equate to nearly 1% of all global reserves, with value estimates exceeding $40 billion. The Panguna Mine’s known copper reserves are 5.3 million metric tons, worth approximately $45 million, or 5.3% of all current copper reserves worldwide, almost as much as the entirety of Canada, the 20th largest copper position among all countries with 7.6 million metric tons, according to the International Copper Study Group.
Numa Numa’s development of the Panguna Mine, as well as its pursuit of exploration projects in the highly prospective areas of Mainoki and Karato, will benefit by an improved transportation system. These areas are all mountainous; the Mainoki and Karato areas are totally landlocked, with no roads or rivers to provide access. To buy basic foodstuffs such as rice, the inhabitants must walk hours downhill to commercial locations along the coastal road that runs north to south along the Pacific side of Bougainville Island, and struggle even more hours to return, laden with their purchases, uphill on mountain paths.
To provide access for its development and exploration teams but also to provide road access to the landowners, the company has been constructing a road that will branch off from the road servicing the Panguna Mine area to traverse Mainoki and Karato. It is the first east-west road across Bougainville’s mountainous central mining district to be built since before the Crisis.
In this way, beyond reaping financial benefits expected to accrue to the company, Numa Numa’s projects will have a lasting positive impact on Bougainville and Bougainvilleans. By investing in not just mining but infrastructure to be used by both the company and the public, Numa Numa aims to improve the quality of life for the people of Bougainville and ensure that the benefits of mining are shared.
This strategic roadmap places Numa Numa Resources at the forefront of a mining renaissance and economic development in Bougainville. Through its projects and commitment to economic development that benefit both the company as well as all Bougainvilleans, the company is poised to play a pivotal role in not only unlocking Bougainville’s mineral wealth but spurring the economic growth that will pay for Bougainville’s independence.
For more information, visit www.NumaNumaResources.com.
NOTE TO INVESTORS: The latest news and updates relating to Numa Numa are available in the company’s newsroom at https://ibn.fm/NUMA
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