Woodlark Island Gold Project

Delay in mine causing anxiety: MP

Samarai-Murua MP, Isi Leonard, said this in Parliament when asking Mining Minister Johnson Tuke on the status of the Woodlark Island Gold Project.

Leonard said the project has been on development status for well over a decade following numerous delays and a changing of ownership twice.

“The people of Woodlark and Samarai-Murua regard the project as a major catalyst for development. But the delay in its development is causing much anxiety and undesired expectation,” he said.

Kula, Geopacific sign loan agreement

Kula announced last month that the loan facility will be made available on a draw down basis with an agreed budget for the purpose of working capital for the next 12 months.

Other terms of the loan include: