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FAQ: Numa Numa Resources' Mining Projects in Bougainville
TL;DR
Numa Numa Resources' reconstruction of the Panguna Mine offers investors access to a $100 billion copper-gold resource with substantial financial potential in Bougainville.
Numa Numa Resources is reconstructing the Panguna Mine in Bougainville, a previously developed site with proven copper and gold deposits, to extract remaining ore resources.
Numa Numa Resources' mining projects aim to boost Bougainville's long-term economic development, benefiting local communities and landowners through sustainable resource development.
The Panguna Mine in Bougainville was once the world's largest open-cut copper and gold mine before closing due to a civil war in 1989.
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Numa Numa Resources Inc. is a mining and infrastructure development company headquartered in the Autonomous Region of Bougainville, focused on unlocking transformational opportunities there, with a strategic focus on Bougainville's most prospective resources.
The primary project is the reconstruction of the Panguna Mine, which was one of the world's largest copper and gold producers when it operated from 1972 until its closure due to a civil war called 'the Crisis'.
The project holds immense promise for the company, landowners, partners, and all Bougainvilleans, as it aims to unlock substantial financial potential and contribute significantly to Bougainville's long-term economic development. The mine's remaining ore resources are worth approximately $100 billion.
The projects are located in the Autonomous Region of Bougainville, a resource-rich archipelago in the South Pacific that is currently a political unit of Papua New Guinea.
The Panguna Mine was explored and developed in the late 1960s by Rio Tinto. It operated from 1972 to 1989 before being closed prematurely due to a civil war between Bougainville and Papua New Guinea, after which ownership reverted to customary landowners under the 2001 Bougainville Peace Agreement.
Most geologists believe that other nearby locations such as Mainoki and Karato are highly prospective and may contain ore deposits similar in size and scale to those of the Panguna Mine.
The latest news and updates are available in the company's newsroom at https://ibn.fm/NUMA.
Numa Numa Resources was featured in a recent article that can be viewed at https://ibn.fm/GinAs. The article was disseminated on behalf of Numa Numa Resources Inc. and may include paid advertisements.
Curated from InvestorBrandNetwork (IBN)
