Building A Responsible Resources Industry for Bougainville
The Pacific Rim
- Region of High geological interest - Pacific Ocean perimeter
- 40,000 km in length
- World class significant mines: - Grasberg (Cent. Papua), Lihir (PNG), Cadia (Aust.).
- The South Pacific is a proven Gold and Copper mining region
The majority of the world’s Copper-Gold porphyry deposits and many epithermal gold deposits occur within the Pacific Ring of Fire
Bougainville – A New Emerging Nation
- The Autonomous Bougainville Government established – 2005
- 2019 referendum - 97.7 % of residents vote in favour of autonomy
- Bougainville and PNG Governments negotiating a 'road-map' for independence
- Former New Zealand Governor General, and experienced Māori diplomat, Sir Jerry Mateparae appointed in Sept 2024 to lead negotiations
Bougainville aims to become the world’s newest country by 2027
Bougainville
Bougainville is located in a proven, significant resource rich region
BMI - Bougainville Mineral Investments
- 1 Exploration License Awarded, 2 in Application
- Community awareness completed
- Landholder consents secured
- Autonomous Government Support
- $1.5+m invested
- First tenement granted by Autonomous Bougainville Government in Nov 2024
- 9,890 km of Helimag data – 64 targets identified
- 4-5 Porphyry Copper-Gold targets and 2-3 epithermal gold-copper targets
Delivering A Resources Sector
Next Steps
- 6 projects staged for delivery
- 4-5 significant porphyry Copper-Gold targets
- at surface mineralisation evident at 2 sites
- exceptional high grade epithermal targets
Multiple significant 'drill-ready' targets.
First tenement granted – TEOP
The pathway to develop sustainable resources projects
Prospect | Summary | Priority |
---|---|---|
Tore Village |
| 1 |
Melelup |
| 1 |
Puspa |
| 2 |
Aita |
| 2 |
Ramazon |
| 3 |
Tore Mountain |
| 4 |
A Responsible Resources Sector
34% equity for Bougainvilleans is ONLY though local entity (as required by AROB Mining Act 2015). Additional 13.5% equity in Australian parent – above and beyond statutory requirements.
Landowners directly oversee and participate in exploration on their traditional lands
A culturally and environmentally sensitive resources industry for Bougainville.
BMI – A Community Partnership
An opportunity to partner with an emerging nation, and its people, to lead establishment and delivery of a responsible resources sector, in a geologically significant and proven environment.
Opportunity
“Elephant Country”
Panguna (6 Mt Cu + 23 MOz Au),
Lihir (87 MOz Au),
Simberi (8 Moz Au)
BMI - Bougainville - Risk
Risk | Mitigation Strategy |
---|---|
Bougainville – Sovereign | Bougainville an emerging independent nation, needs an economy – ABG** is focussed on developing into a nation. Politically and bureaucratically focussed on this goal. |
Bougainville – Security | Safer and more secure than PNG, no displaced people, low crime rate |
Exploration | This is an exploration opportunity and is subject to standard exploration risk. |
Bribery and Corruption | Strong corporate governance with anti-bribery, anti-money laundering and modern slavery policies in place |
Large scale high CAPEX deposits | Once opportunity crystalised, work with tier-1 miner/s |
** Autonomous Bougainville Government
Bougainville Mineral Investments
BMI has significantly de-risked it’s Bougainville project by engaging Great Divide Mining Ltd as project manager delivering:-
- highly experienced team from start-up,
- engaged on a contract basis, with
- a proven record of delivering free cash-flow mining, together with community and environmental sensitivity