https://www.engineeringnews.co.za

Highlands claim piece of Woodlark pie

10th March 2017

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed Highlands Pacific has laid claim to a portion of the Woodlark gold project, in Papua New Guinea, telling shareholders that it has identified a royalty entitlement after reviewing agreements relating to previously held exploration ground.

Highlands Pacific told shareholders on Friday that the royalty amount was for A$10/oz of gold for the first 200 000 oz produced at the area.

Highland’s precedent companies held an interest in one of the exploration tenements making up the Woodlark project in 1995, prior to the sale of the exploration tenement and the creation of the royalty entitlement.

Highlands has now reminded owner Kula Gold of the entitlement to the royalty.

Kula’s joint venture partner Geopacific Resources, which is earning an 80% share in the Woodlark project, recently identified a A$25-million capital saving at the proposed Woodlark plant.

Geopacific is also now looking at opportunities to achieve further savings in infrastructure costs.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Sika South Africa
Sika South Africa

Sika South Africa is a trusted partner for the nation’s infrastructure, commercial, residential, and industrial sectors.

VISIT SHOWROOM 
Egoli Gas (Pty) Ltd
Egoli Gas (Pty) Ltd

As a reticulator, Egoli Gas provides natural gas to homes and businesses via underground pipes.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.048 0.999s - 140pq - 2rq
Subscribe Now