The Tolukuma Gold Mine project (TGM) is located in the Goilala District of Central Province of Papua New Guinea, about 100 km north of the capital city Port Moresby. The Project consists of a mining lease, six granted exploration…

2024年9月3日 · Tolu Minerals acquired the Tolukuma gold mine in October 2022 after an extensive due diligence process, culminating in a purchase agreement with the mine’s liquidator for 20 million kina.

The Tolukuma gold mine consists of a small open pit that began production in 1995 and a larger underground mine that has been in production since 1997. It contains high grade, narrow epithermal veins with a long history of having its gold reserves being continuously extended.

Lole Mining Ltd, a local business with foreign partners, will receive the mining license for the Tolukuma gold mine in Papua New Guinea. According to the Mineral Resources Authority, this will be done after transactions to offset mining obligations are completed (MRA).

2024年4月15日 · Tolukuma Gold Mine: Papua New Guinea Geologically prospective and logistically simple 2 PNG is located on the Pacific Ring of Fire. It is host to: Prolific gold/copper mineralisation Many operating mines Straightforward logistics: Due North of Australia On shipping lanes with good harbour facilities at Port Moresby and Lae

2024年9月10日 · Argonaut Research has initiated coverage on Tolu Minerals Ltd (ASX:TOK) after taking a three-day site visit to the company’s Tolukuma Gold Project in PNG. Tolu has been given a 'Speculative Buy' rating by Argonaut and a $1.60 price target, representing 112% upside to the current share price.

2024年11月12日 · Tolu Minerals Limited has announced a successful placement, raising A$26.7 million (Australian Dollars) from sophisticated and institutional investors at an issue price of A$0.80 per share.

He highlighted the reopening of the historical Tolukuma Gold Mine in Papua New Guinea, which previously produced 1 million ounces of high-grade gold at 15 g/t. The company aims to address past cost challenges through strategic refurbishment and exploration efforts.

2024年11月18日 · Tolu Minerals Ltd (ASX:TOK) CEO Iain Macpherson joins Proactive’s Tylah Tully to discuss significant high-grade gold and silver results from diamond drilling at Taula prospect, 4.5 kilometres southeast of the Tolukuma Gold Mine in Papua New Guinea.

2024年10月22日 · Argonaut Securities was in the market on Tuesday, seeking to raise $22 million for ASX-listed Tolu Minerals, a gold-focused company with three projects in the Papua New Guinea Metallogenic Belt...