Helen Mark

Admin Managress at Aiabba Minerals Limited - Brisbane, Queensland, Australia

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HQ
Location
Papua New Guinea
Company
Aiabba Minerals Limited
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Aiabba Minerals Limited logo, Aiabba Minerals Limited contact details

Aiabba Minerals Limited

Brisbane, Queensland, Australia • 2 Employees
Mining & Metals

Aiabba Minerals Limited is a unlisted public company under ASIC with the registered and principal office Brisbane, QLD 4000, Australia, is Pacific Rim gold exploration company focus for major discovery within portfolio of properties located on the New Guinea Gold Copper Belt, under-explored host to major world class mines and deposits such Lihir, Kainantu, Porgera, Ok Tedi, Hidden Valley, Simberi, Panguna, Misima, Wafi Golpu, Freida River, Yanderra all in PNG and the Grasberg mine (world's No.1) in the West Papua province of Indonesia.The company's flagship, the Malaumanda main EL2421 gold and gold copper project potentials include: (i). 23 historical d/drill results have high gold values; (ii). 500g/t gold & 5.9% copper from part of a float boulder located at Southwest Ninib prospect down naturally from 500m hill top; (iii). Airborne Magnetic Survey interpreted has multiple high targets include adjacent property (EL2669); (iv). all 7 prospects including 3 gold zones within the EL2421; (v). the adjacent EL2669 has a float rock from a small creek to the southwest of EL2421 assay returned 29.7% Copper;And major alluvial resources value US$29.3Million (at $1700./Oz gold) ready for immediate mining represents only 15% of the total 20,000 Square Meters (M2) focus for mining. Locals panning almost in all the creek within the Malaumanda main gold copper project and surrounding properties.The advanced Malaumanda project and adjacent property located on the heart of the "New Guinea Thrust Belt" hosting several world-class mines and deposits. It is 80km east of Frieda River (20Moz Au & 13Mt Cu) deposit, 470km east of Wafi Golpu (46Moz Au & 10Mt Cu) deposit and the Lihir (64Moz Au) mine all in PNG and the Grasberg (180M0z Au & 70Mt Cu) mine in the West Papua province on the Indonesia side of the international border.To manage the perception of political, community and social risks, we have a concept policy to partnership with the local community going forward.

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