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Can Augustus Minerals Unlock Mt Kare Gold Amid PNG Licence Battle?

9:55am on Thursday 4th of September, 2025 AEST 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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