Augustus sharpens WA gold push as new PNG project looms

Augustus divided these Golden Hitler into structural meaningful corridors: Wonderlands are wrapped the Great Western-linguist trend to music, a northwest-leaning black cat-troops head region, a Dodd’s-Redclifffe Western corridor, Mertondale-mt Redclife Shear. But it’s not just a map, it’s a model you pierced.

It seems that the cultural and legal road has been opened. Darlot has signed a heritage protection agreement with Watarra Aboriginal Corporation, which is foreseen for its traditional owners, and cleaned the way for heritage research at Cliftton East, St Patrick’s, Dodd’s and Black Cat. These surveys started just a few weeks ago, the company is waiting to receive the report soon, then the hymen will follow the drilling.

As James Warren, Chairman of Augustus Mining Executive Officer: “It will be an exciting time for the company to have the chance to be the first person to test the high -grade and gold -carrying structures up to a kilometer, and we look forward to the next opportunity.”

Warren, who was only appointed as leadership last month, comes with a play book built for this postal code. Northern Star helped to rise to over 1.8 million ounces from 350,000 ounces before writing a check of $ 240 million for the story. The opinion of the President of the Executive Brian Rodan is simple: Warren brings “technical excellence and strategic vision ıyla with the record of opening the lock of value. It is the type of fuel you want in the tank while pointing to the inverse circulatory drill equipment to virgin structures.

Macro wind is finally on the backs of Augustus and other explorers. In 2025, Gold tears graphics to save the highest number of ratio cutting expectations and delivery, secure-steel offers and permanent central bank appetite mix. Spot price is past vaulted and now keeps over $ 5,000 per ounce.

The last reading of the World Golden Council shows that central banks are still adding to their reserves, and the demand for investment increases as ETFs and bar and coin buyers return to wear. While a Greenfields explorer and pure gold are about to drill the protruding vessels with visible gold, the price of a vibrant ingot not only helps emotions, but also opens stock windows and inflates the risk-ottot calculation.

There is also a strategic striker beyond the Wa heart. Augustus completed the acquisition of ACMPNG, the PNG vehicle, which has received a discovery license for the MT square project in PNG.

The company is now a “second time” after the original first -time applicant is rejected by the regulatory authorities of the Global Mining Group PNG. The country’s mineral resource authority and mining advisory council shall evaluate license applications in the order they have received. Private company Tribune MT Square Gold Limited, cards are currently in the first place.

Augustus said he plans to actively follow a discovery license that may involve other license applications in MT Kare or to negotiate other applications to accelerate the grant process.

According to the company, PNG’s mining licensing officials expect successful applicants to hit a solid technical support and a healthy financial stance to advance a concrete work program, solid technical support and MT Square through final studies for mining development within at least five years.

Rodman will be the key to the process. The Australian Institute of Mining and Metallurgical Member has been more than 48 years of mining experience, PNG for more than ten years and has an international history of developing open pit and underground mines. While the non -executive director Darren Holden and General Manager Andrew Ford contribute to important technical and geological pyrzolas, CEO Warren will have a doctoral degree in intervention, which should be useful when preparing to chase the gold -related gold in the orogenic environment of MT Kare.

“I was ACMPNG General Manager in 2012-13, I signed a contract to realize the development of underground discovery drilling and mine in the MT Square Gold Project, Rod says Rodman.

“ACMPNG was responsible for helping mining design and provided equipment and expertise to build MT Square Portal and Underground Mine.

“Augustus positioned himself for the MT Square Project with the acquisition of ACMPNG, which has applied for a second discovery license and thus guaranteeing future access to the MT Square Gold Project potentially.”

The historical study at the MT Square, which is covered by the former 2004 Jorc code, points to 43 million tons at 1.5g/T for 2.1 million ounces of gold in the same mineralized state in the same mineralized state. If the term of office falls on the path of the company, it is a well -worn hunting space for ounce and a useful option.

And worth drawing attention, MT square is not just a point on a map, but folklore in PNG gold circles. In 1988-90, a complete gold hurry in 1988-90, while descending into the rich alluvial clays, a scene of the nineteenth century hurry of thousands of local miners. Geology reflects Porgera, and the region’s long -alluvial and hard rock production memory emphasizes why the MT Square continues to draw attention years after the first nugchhs fired the confluence.

The Indochine Mining, which is now Summit Gold, bought MT Kare in 2011, approximately 27 million dollars – 37 percent of cash and 64 percent of shares. In 1987, he was discovered by Conzinc Riotinto and spent approximately $ 75 million discovery, including at least 350 drill holes.

Augustus is working with regulatory and planning difficulties in the PNG in Leonora, the nearby scenario is open. Finish the inheritance process, run the soils where the protrusion disappears, then send the equipment to the obvious: Cliftton East, St Patrick’s and Dodd’s first, Black Cat East and Redcliffe West. Augustus does not mix the chips for ounce. However, visible gold on the surface, hundreds of meters of strike, multiple notes, efficient interventions illuminating maps and a team that has already grown and sell ounces in the postal code, the moment of acceleration begins to resemble and look more like a plan.

And now Augustus: A new CEO aims to scratch a large ground in the golden heart of Australia, inheritance ticks in the rearview mirror and the first transition. If the first RC is singing for this $ 10 million market value company, the music can go to the title very quickly from the rehearsal – and if the curtain is removed, the MT square offers a brand new scene.

Does your company on the ASX list do something interesting? Contact: Mattbirney@bullsnbears.com.au