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Augustus Minerals Moves to Secure Mt Kare Gold Project Licence Amid Competitive Race
9:52am on Friday 9th of May, 2025 AEST
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Mining
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Augustus Minerals Moves to Secure Mt Kare Gold Project Licence Amid Competitive Race
9:52am on Friday 9th of May, 2025 AEST
Key Points
Binding agreement to acquire ACM Contract Mining PNG Ltd for $250,000 cash
Mt Kare Project hosts historic JORC 2004 resource of 2.1 Moz gold and 18 Moz silver
Licence application is third in line and contested among 13 applicants
Grant process expected within six months but carries significant tenure risk
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