Coppermoly Ltd has received notification from the PNG Mineral Resources Authority (MRA) that the Company’s application for the renewal of exploration licence EL1043 Mt Nakru (EL1043) has been approved.
The renewal is for a two year term from 8 December 2018 to 7 December 2020. EL1043 hosts the Company’s flagship Mt Nakru copper-gold project in West New Britain Province.
The Company is currently planning the next phase of drilling and development for the Mt Nakru project.
Coppermoly has four exploration licences on the New Britain Island.
It is an Australian Stock Exchange listed junior exploration company with its head office located on the Gold Coast, Australia.
Its mineral exploration activities are focused entirely on the island of New Britain in PNG where it is exploring for copper, gold, silver, zinc and molybdenum.