WAFI-GOLPU (MOROBE MINING JV)
Location
Morobe Province approximately 50 kilometres west-south-west of Lae.
Latitude 6°58'4.39"S Longitude 146°25'29.42"E
Status
Advanced Exploration.
Type of Mine
Not known.
Target Minerals
Gold, Copper.
Current Production
Not applicable
Type of Mine and Waste Disposal
The Wafi gold and Golpu copper-gold project was expanded during finacial year 09 to include the Nambonga porphyry copper-gold resource. The project area now contains 11.1 million ounces of gold, 47 million pounds of molybdenum and 4.1 billion pounds of copper. Recent exploration has concentrated on delineating the Nambonga North porphyry resource. There is an extensive exploration on the Morobe tenement holding encompassing both the Wafi-Golpu and Hidden Valley projects. The Wafi-Golpu project is composed of 4 contiguous exploration licenses (EL1105, EL440, EL1103, EL1316) totalling 996 square kilometres.
Ownership
Morobe Mining Joint Venture (MMJV) is a 50:50 joint venture between Harmony Gold Mining Company and Newcrest Mining Limited, a major Australian-listed gold and copper mining company.
Envirnomental Impacts
Impacts will be dependent on tailings disposal but may be similar to the Hidden Valley Mine.