AGM Statement

RNS Number : 6752H

Papua Mining Plc

16 July 2012

 



16 July 2012

Papua Mining plc

 ("Papua Mining" or "the Group")

AGM Statement

Papua Mining plc, a UK company focussed on the exploration for and if commercially feasible, development of gold and copper deposits in Papua New Guinea, will be holding its Annual General Meeting today. At the meeting, the Group's Chairman, Michael Jolliffe, will provide the following statement:

"The target delineation programme on the Company's licences in Papua New Guinea is proceeding well.  Fieldwork completed to date has led to the delineation of an initial four targets within the Nakru area of the Company's licence EL1462, West New Britain.  These targets are referred to as Junction, Flying Fox, Bullseye and Eleven.  On 28 June, contracts were signed with Khumsup Geophysics for ground-based EM (electro-magnetic) and IP (induced polarisation) surveys over the Junction and Flying Fox targets. The surveys are scheduled to commence during the coming week and are anticipated to continue on those two targets over the following ten weeks. We expect that the results of the survey will yield the important additional structural data which will enable us to finalise the drilling programme which is planned to take place before the end of 2012."

Ends.

Enquiries:

Papua Mining plc
Hugh McCullough	[phone]
Cenkos Securities - Nominated Adviser & Broker
Beth McKiernan/Ken Fleming	[phone] [phone]
Square1 Consulting - Financial Public Relations
David Bick/Mark Longson	[phone]

 

END

 

 

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