Woodlark development extension granted

Authorities in Papua New Guinea have granted a 2.5-year extension on the Mining Lease of the Woodlark Gold Project joint venture of Geopacific Resources and Kula Gold. The approval grants the JV additional time to develop the project within the 20-year Mining Lease.

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Tax changes lead to Jonnagiri study delay

Recent changes to the Indian tax system, including implementation a comprehensive goods and services single tax (GST) across the country, have led to delays in completion of an economic feasibility study (EFS) for Lionsgold Limited’s Jonnagiri Gold Project in India. The study is now expected to be ready by early August.

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K92 raises more than C$16.5 million

K92 Mining has closed its private placement financing raising oversubscribed for total gross proceeds of C$16,554,600. Most of the funds will be used for exploration and development of the company's Papua New Guinea Kainantu Gold Project.

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Kupang manganese smelter work starts

Following a ground blessing ceremony last week, the civil works land clearance program at Gulf Manganese Corporation’s Kupang Smelting Hub site in the Bolok Industrial Estate in West Timor, Indonesia, has commenced.

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