The suspects had in their possession a homemade gun, hunting knife and live ammunition.
They were apprehended at the back of Huonville Primary School
This area has been prone to armed hold up on motor vehicles and pedestrians.
Lae Police Boss, Anthony Wagambie Jnr confirmed that the two have been arrested, charged and locked up.
He said Police stations in Lae have been putting their members out on foot beat more often now in hotspot areas.
The two suspects definitely had the intention of committing a crime when they were apprehended by Police.