The Niuminco group operates in the world class geological province of Papua New Guinea. 

 

In PNG, Niuminco has three highly prospective properties adjacent or close to existing large mines or deposits.  These include:
 

  • Edie Creek mining leases (83% interest) - an epithermal, gold/silver mine adjacent to MMJV's Hidden Valley mine.  The Edie Creek mining leases have all been renewed until 2021 and 2022.  Gold/silver pilot mining and production recommenced in February 2014.

  • May River exploration licence (100% interest) - major copper/gold porphyry style anomaly adjacent to PanAust's Frieda River deposit.

  • Bolobip exploration licence (100% interest) - a major 'drill ready' copper/gold porphyry target east of the Ok Tedi mine.

The Company's Corporate Governance Report can be found here.

 

Latest news:

 

03.07.2017   NIU to purchase remaining 17% of Edie Creek Mine
     
30.06.2017   Change in Substantial Holding
     
30.06.2017   NIU lodges TNT Mines Prospectus
     
21.06.2017   NIU to float 72.1% owned TNT Mines Limited
     
20.06.2017   Change in Substantial Shareholding
     
10.05.2017   Response to ASX Appendix 5B Query
     
28.04.2017   Quarterly Activities Report
     
28.04.2017   Quarterly Cashflow Report
     
10.04.2017   Edie Creek Drilling
     
03.04.2017   Report on Drilling for Tin & Tungsten at Aberfoyle

 

 

 

 

On 29 June, 2017, Niuminco's 72.1% owned TNT Mines Ltd lodged a Prospectus for an Initial Public Offering of 27,500,000 shares at $0.20 per share to raise $5,500,000 in conjunction with the listing of TNT's shares on the ASX.  

 

Upon a successful completion of the IPO, Niuminco Group Limited will retain a 1.3% interest in TNT as well as receiving repayment of up to $956,000 of accumulated management fees and loans.  For more information visit www.tntmines.com.au.