Disseminated on behalf of Numa Numa Resources Inc. and may include paid advertisements.
Numa Numa Resources is supporting resource development in Bougainville as the autonomous Pacific region continues discussions about its potential independence from Papua New Guinea. Following the 2019 referendum in which 97.7% of voters supported independence, economic viability remains a central consideration, with copper and gold resources representing a potentially significant source of future government revenue and development funding. A recent article highlights the legacy of the Panguna Mine and the lessons it offers regarding community participation, environmental stewardship and benefit-sharing with customary landowners. Numa Numa is working with landowner groups and local stakeholders to advance mining opportunities within Bougainville’s legal and customary frameworks, while also investing in infrastructure, including an east-west road across the central mining district.
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About Numa Numa Resources Inc.
Numa Numa is a mining and infrastructure development company focused on unlocking transformational opportunities in the Autonomous Region of Bougainville, where the company is headquartered and where its management has lived and worked for 10 years.
Bougainville, a resource-rich archipelago in the South Pacific, is perhaps best known as the home of the Panguna Mine. Developed by Rio Tinto, the Panguna Mine was the largest open cut copper and gold mine in the world when it operated from 1972 to 1989 before being shuttered due to a civil war, called “the Crisis,” between Bougainville and its parent government Papua New Guinea. In 2001, the Bougainville Peace Agreement ended the war and awarded Bougainville limited autonomy, including its own constitution, by which ownership of the mine reverted to its customary landowners. A majority of the Panguna Mine’s copper, gold, and silver ore resources remain within its walls, making the fully explored and developed Panguna Mine one of the largest ore bodies in the world, today worth approximately $100 billion. Most geologists who have studied Bougainville believe that other nearby locations such as Mainoki and Karato are highly prospective and may contain ore deposits similar in size and scale to those of the Panguna Mine.
NOTE TO INVESTORS: The latest news and updates relating to Numa Numa are available in the company’s newsroom at https://ibn.fm/NUMA
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