FIVE international exploration companies will buy sets of new data on Papua New Guinea’s geochemistry and geophysics for US$5,000 (K13,850) apiece, the Mineral Resources Authority (MRA) said.
The data, which is now available at MRA, was launched at this year’s recent Prospectors and Developers Association of Canada (PDAC) conference in Toronto, Canada from March 7 to 10.
In a statement, MRA said there was great interest in these new data which will be sold starting on April 12.
And Greg Anderson, executive director of PNG Chamber of Mines and Petroleum, said PNG was the only country that had both the Government and the industry represented at a conference.
He said both parties assist investors interested in developing PNG’s mineral resources.
And PNG for the first time during this year’s event organised a presentation session, apart from its usual booth.
Presentations were done by new generation exploration companies that included Marengo Ltd, Papuan Precious Metals Ltd, Woodlark Mining Ltd, Titan Mines & Titan Mineral Ltd, Nautilus Ltd, Allied Gold Ltd, Gold Anomaly Ltd and New Guinea Gold.