Morobe Province, Papua New Guinea
Project Update & Geological Context
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About Project
Once the ore body has been reached — which we are targeting before the end of February — production will formally commence. At that stage, our excavators will be positioned on established benches within the open pit, loading blasted ore directly into haul trucks. These trucks will transport the gold-bearing material to the ROM (Run-of-Mine) pad, where it will be stockpiled and prepared for processing.
Geological Setting – Wau & Bulolo Goldfields
The Wau and Bulolo districts remain some of the most prospective regions in Papua New Guinea, characterised by vein-hosted gold and copper deposits that are suitable for large-scale extraction.
These deposits were formed by geological processes deep within the Earth’s crust. Over time, erosion of hard-rock sources produced extensive alluvial deposits, where gold was transported, recycled, and naturally concentrated into grains and nuggets within surface sediments through both physical and chemical weathering processes.
Our Approach And Solution
Our current operation is focused on hard-rock gold and copper mining, rather than alluvial extraction, which provides greater resource continuity and long-term scalability.
The $4 million project was successfully completed in two separate phases with both phases coming in on schedule and the overall costs coming in under budget. Emergency repairs to the facility were completed on December 11th, 2014 which allowed for the facility to operate through the critical winter months. Permanent electrical repairs along with less critical site deficiencies were completed in April and May of 2016 when a longer facility shut-down could be tolerated. In order to meet the required schedule, TransGas delegated procurement and construction management services to WSP.
Regional Mining Context & Strategic Opportunity
While large-scale commercial mining has previously taken place in areas such as Hidden Valley Mine, located approximately 300 km northwest of Port Moresby, it is important to note that several regions across Papua New Guinea currently face challenges stemming from recent cyclone activity.
In the aftermath of these hazardous weather events, some historically productive gold-copper mining areas were abandoned or suspended, with significant remediation efforts undertaken. Unfortunately, this disruption has also led to the emergence of illegal mining activities in certain locations.
Our decision to operate within this particular corridor involved measured risk, but it has simultaneously created a strategic advantage. Reduced competition from larger mining companies — which typically displace or marginalise smaller operators — has opened a window of opportunity for us to advance our project with greater control and efficiency.
This same risk profile has understandably caused hesitation among some investors I approached earlier.
Ultimately, however, I chose to move forward decisively — grabbing the bull by the horns — because the geological fundamentals, reduced competition, and timing of the market present a compelling upside.
