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Can Augustus Minerals Unlock Mt Kare Gold Amid PNG Licence Battle?
9:55am on Thursday 4th of September, 2025 AEST
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Mining
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Can Augustus Minerals Unlock Mt Kare Gold Amid PNG Licence Battle?
9:55am on Thursday 4th of September, 2025 AEST
Key Points
Holds second-in-time licence application for Mt Kare via PNG subsidiary
Licence progression depends on rejection of competing first-in-time application
Plans include underground adit development and extensive drilling programs
Mt Kare is a rare alkali epithermal gold deposit near the Porgera mine
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