Tolu Minerals (ASX: TOK) — Company Overview, News & Financial Data
Tolu Minerals is a mineral exploration and mine development company focused on gold, silver, and copper assets in Papua New Guinea.
Tolu Minerals
Tolu Minerals is a mineral exploration and mine development company focused on gold, silver, and copper assets in Papua New Guinea. The company controls the historical Tolukuma gold-silver mine located approximately 100 kilometres north of Port Moresby in Central Province, Papua New Guinea. Its holdings encompass a permitted mining lease, extensive exploration licenses surrounding the Tolukuma epithermal system, and the Mt Penck porphyry copper and gold project located in New Britain. Tolu Minerals is actively engaged in underground development, refurbishment of onsite infrastructure including hydro-electric power assets, and multi-rig drilling across high-grade epithermal target zones.
Snapshot
Operations
Products and/or services of Tolu Minerals
- High-Grade Underground Gold Mining: Operational restart and underground mine development on the 1560 Level targeting gold-silver production, supported by site refurbishment, refurbished access infrastructure, and mineral processing facilities in Central Province, Papua New Guinea.
- Near-Mine Epithermal Exploration: Underground and surface diamond drilling targeting mineral resource expansion across more than 44 identified veins and splays within an eight-kilometre-wide epithermal structural corridor surrounding the main mining lease.
- Epithermal Gold and Porphyry Copper Exploration: Exploration and resource evaluation activities focused on epithermal gold mineralisation and underlying porphyry copper potential across contiguous exploration tenements located on New Britain island in Papua New Guinea.
- Regional License Exploration: District-scale mineral exploration across surrounding regional licenses in Papua New Guinea, covering prospective structural corridors, extensive surface geochemical anomalies, and multiple un-drilled epithermal gold and copper prospects.
- Hydro-Electric Power Generation: Rehabilitation and operation of dedicated site hydro-electric power generation facilities, supplying renewable electrical energy to support ongoing underground mine development, mineral processing plant operations, and remote infrastructure.
- Gold and Silver Processing Operations: Maintenance, refurbishment, and trial commissioning of gold and silver gravity and flotation processing plant assets located at the main operational hub to prepare for commercial mill throughput.
Tolu Minerals executive team
- Mr. Craig Anthony Dawson A.C.A., B.Com.CFO & Assistant Company Secretary and Local Agent
- Mr. Werner SwanepoelChief Operating Officer
- Mr. Howard LoleExecutive Director of External Affairs (PNG) & Executive Director
- Dr. Christopher Muller PGeo, Ph.D.MD, CEO, Executive Group Geologist & Director
- Mr. Richard M. MooreExploration Manager
- Naime T. O'omeCompany Secretary