Mineral Resources Authority Papua New Guinea EXPLORATION AND PROSPECTIVITY IN PNG 144° 142° 148° 146° 152° 150° 154° 156° 1778 1774 P AP UA NE W GUINE A E xp l o r ati o n L i cen ces to Ju l y, 2010 1818 NEW IRELAND 1663 1473 2° 1776 1326 WEST SEPIK EAST SEPIK 1775 1624 1574 1636 1708 1436 1559 1659 1821 1682 1658 1391 1657 1441 1501 1694 1695 1573 1693 1561 1570 1766 1446 1691 1428 1856 1758 1638 1566 1662 1500 1383 1502 1820 1560 1744 1745 1212 1746 1386 1777 1398 1656 1743 1655 1698 MANUS 1482 1647 1692 1484 1485 1490 1486 1542 1488 1487 1422 1690 1847 1588 1483 1489 1740 609 1170 1492 1491 WEST NEW BRITAIN 1493 1541 1571 1495 1496 1470 1469 1477 1497 1741 1742 1451 1848 485 1650 1737 16891476 1738 1196 1475 1736 1374 1452 1688 1564 1739 1474 1639 1791 1479 1480 1592 1562 1430 1429 1727 1665 1140 1351 1702 1453 58 1781 1604 MADANG 1646 1603 1755 1481 1432 1654 1543 1506 1304 1312 1478 1782 1701 1809 1444 1460 1700 1583 1504 1392 1770 1670 1431 1507 1798 1664 1641 1677 1601 1545 1420 1513 1786 1503 1640 1337 1810 1853 1578 1633 1671 1438 1505 1335 1669 1854 581 1730 1345 193 1771 454 1178 1595 1043 1676 1724 1807 18511709 1508 858 1796 1596 1780 1679 1322 1546 1395 1093 17951797 1723 WESTERN 1785 ENGA 1824 1416 1827 1615 1802 1445 1648 HIG HLANDS 1725 1762 1401 1077 1462 1613 1277 1731 EAST NEW BRITAIN 1805 SOUTHERN 693 1803 1806 1772 1400 1049 HIGHLANDS 1598 1817 1726 470 1617 1722 1611 1850 1399 1728 1720 1456 1800 1687 1626 1605 1813 1610 1855 1384 1765 1426 1828 1721 CHIMBU 1642 1678 1342 1341 1703 1705 1608 1814 1763 EASTERN 1748 440 1590 HIG HLANDS 1369 1752 1115 1353 1704 1105 1812 1773 1609 MOROBE 1612 1377 1751 1706 1103 1707 1674 1811 1316 1815 1589 1340 1750 1548 1193 1305 1616 1435 1675 677 WESTERN 1370 1816 497 1754 16661365 1380 1568 1614 1371 1849 1585 1403 1754 1710 1764 1668 1667 1852 1718 1732 1717 1716 1271 1714 1366 1683 1734 16311630 1784 1297 1715 1629 1409 1696 1783 1756 GULF 1264 1327 1713 1661 1440 1352 ORO 1733 1577 1712 580 1753 1465 1711 1379 1390 1757 894 1279 1581 683 1547 1172 1632 1025 1826 1607 1165 1819 1324 1070 1579 1544 1424 1649 1673 1292 1625 1651 1572 1526 1749 1672 1528 1576 Licences Key 1463 1388 1606 1767 1761 1619 1637 1628 1091 1825 1569 Exploration Licence 1623 1069 1681 Under Application 1389 1530 1618 1396 1643 1760 Exploration Licence CENTRAL Under Renewal 1323 1599 1747 1597 1468 1235 1768 4° 1799 1645 1801 1808 NORTH SOLOMONS 6° 7a 5 6 7b 4 32 1 8° 1769 1759 1539 10° 1516 1387 1531 1532 1519 Current Exploration Licence MILNE BAY Ministerial Reserve 0 100 200 km 1594 12° 142° 144° 146° 148° 150° 152° 154° 156° EU Collaborative Projects with Geological Survey Division in 2010 • Regional geological mapping survey 2010 with GMME & EU GEOMAP - map/publication series compilation • Regional drainage geochemical survey • Training of PNG geologists (GSD and UPNG ) WBTA 2 and MRA Projects proposed for funding • PNG Stratigraphic Lexicon / seamless 250K map • Cartography – GSQ & Geodatabase map production in ArcInfo • Geotechnical operations review • Geothermal sites inventory and description WBTA 2 and MRA Projects • Updating open file geochemistry data from company reports • Work on developing an integrated Geological and tenure database • Scanning of all geoscience data in the library system and list of all open file reports • Core library plans and construction Collaborative Geophysics training & projects • Delft University airborne geophysics / remote sensing interpretation courses • Earthquake survey of the SE Papua (Eastern Papua Peninsula and Milne Bay Province) with Colombia University, USA. • Ontong Java Plateau – LIP - JAMSTEC Seismic refraction, Seismic reflection, Marine gravity, Geomagnetics, Sea floor topography (side scan sonar) Collaborative projects / training Geophysics • Ontong Java Plateau – Large Igneous Province JAMSTEC Seismic refraction, Seismic reflection, Marine gravity, Geomagnetics, Sea floor topography (side scan sonar) Wafi-Golpu Cu-Au Porphyry Wafi Wafi - Golpu Resource • Pre feasibility study • Large multiple lodes high sulphidation system • Drilling to 1800m • Resource is open to the north • Au resource – Wafi - 8.8Moz • Porphyry Cu - Golpu - 4.8Mt Cu Deliverables from Project E MSSP and GEOMAP • Fugro Highlands airborne Survey - final data world’s largest heliborne magnetic/radiometric survey (PROJECT E) • Multielement geochemistry - 48 element stream sediment survey of 14 map sheets of Area 1 (database and maps) • Geological Map Publication series • Metallogenic maps GEOMAP Partners • British Geological Survey (BGS) • Deutsche Montan Technologie (DMT) • Council for Geoscience (RSA) • Mineral Resources Authority (MRA) FUGRO GEOPHYSICAL SURVEY Magnetic and Radiometric helicopter survey Line spacing 4-500m - terrain clearance c.100m Area 1: c. 62,000km2. Area 2: 29,400km2 TMI magnetic of Area 1 BOSAVI GILUWE Mount Hagen EU- funded GEOMAP Project Prospects for the discovery of new mineral deposits • Prospectivity in PNG is very high with large underexplored regions • Geochemistry shows potential in areas not previously explored • Large numbers of streams contain alluvial gold with no known hard rock source • The development of pre-competitive geoscience data is bringing major companies to explore in PNG • THE POTENTIAL FOR NEW DISCOVERIES IS VERY HIGH Communication strategy • Long term 5 year targeted, global effort. • Participation in industry conferences and trade fairs. • Webpage - all information on the internet. • Industry reviews – published regularly. • Articles planted in leading industry publications. • Cooperation with other stakeholders (Chamber of Mines & Petroleum). Conferences & trade fairs • Articles published pre-conference. • Attractive booth, location/lay out: PNG exotic country with extraordinary geology. • Oral presentation. • Latest exploration results presented. • Special seminars organised. • Private meetings with targeted companies. • All material simultaneoulsy on webpage. Focus countries • • • • • Canada – global mining junior finance centre. South Africa – important investor into PNG. London – global mining majors’ finance centre. Asia – emerging mining interests. China – global mining boom engine and latest investor into PNG. PNG Facts & Figures at a Glance… • Mineral dependant economy (65% total export receipts 2009). • 2.2 million Oz Au, 13.3 tonnes Ag, 200,000 tonnes Cu produced in 2009. • Contribution from 3x large mines, 2x medium mines, 2x small mines and 80,000 artisanal miners. • 3x large land base mines, i.e. Yandera, Wafi, Frieda and one offshore mine, i.e. Solwara 1, to commence production in the next 5-8 years. • Diversification of mineral base (Co, Ni & Mo). Government Policies & Legislations - Mining Act 1992 • Principal legislation that regulates exploration & mining in PNG - first come first serve basis - EL up to 2,250 sq.km - unlimited renewals provided. • Also allows - right in priority for mining lease - ML granted for 20 years (and renewable) • License Types - EL, ML, SML, AML, Lease for mining purpose & mining easement Exploration Licences 2006-2009 Active Exploration Licences 2006-2010 350 300 No Of ELs 250 200 150 100 50 0 2006 2007 2008 Year 2009 2010 Exploration Licence Applications 2008-2009 160 140 EL Applications 120 100 80 60 40 20 0 2006 2007 2008 Year 2009 2010 Exploration Expenditure 2006-2009 EXPENDITURE (USD millions) 90 80 70 60 50 40 30 20 10 - 2006 2007 2008 2009 2010 Year Grassroots Advance (Scoping To Feasibility) Total Thank you for listening PNG - a dynamic developing minerals industry • • • • • Mineral Exploration in PNG Geological Mapping Geophysics Geochemistry Prospects for the discovery of new mineral Resources Functions of the Mineral Resources Authority • Advise Minister on matters relating to management, exploitation, and development of PNG mineral resources • Promote orderly exploration and development of PNG mineral resources • Oversee administration and enforcement of Mining Act 1992, Mining Safety Act (chapter 195A), Mining Development Act, Ok Tedi Acts and Bougainville Copper Agreement Act • Negotiate mining development contracts and MOAs • Conduct geoscientific investigations into PNG geological resources • Provide small scale mining services • Collect, analyse, store, archive and disseminate and publish geoscientific information