Augustus targets 2.5-million-ounce PNG gold deposit near Barrick's Porgera mine
Augustus Minerals seeks Papua New Guinea's Mt Kare gold-silver project, positioned 15 kilometres from Barrick Gold's Porgera mine. The 2.5-million-ounce deposit holds rare geological credentials similar to major producers like Lihir and Cadia-Ridgeway. Augustus holds a second-in-line exploration licence application and is building relationships with provincial governments and landowners to strengthen.
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Published 15 Oct 2026, 05:18 UTC · Updated 15 Oct 2026, 05:20 UTC
Summary by OZbrief Editorial. Original report: The West Australian. Editorial policy · Corrections
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