Numa Numa Resources Inc. is making significant strides on key mining projects in the Autonomous Region of Bougainville, a political unit of Papua New Guinea. The company's strategic focus on Bougainville's most prospective resources aims to unlock substantial financial potential and contribute significantly to the region's long-term economic development. One of Numa Numa's primary endeavors is the reconstruction of the Panguna Mine, which was explored and developed in the late 1960s by Rio Tinto. The Panguna Mine operated from 1972 until its premature closure due to the Crisis, a civil war that erupted over the mine. During its operation, it was one of the world's largest copper and gold producers.
The project holds immense promise not only for the company but for landowners, partners, and all Bougainvilleans. Bougainville is a resource-rich archipelago in the South Pacific, perhaps best known as the home of the Panguna Mine, which was the largest open cut copper and gold mine in the world when it operated from 1972 to 1989. The mine was shuttered due to the civil war 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. Under this agreement, 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. Numa Numa Resources is a mining and infrastructure development company focused on unlocking transformational opportunities in Bougainville, where the company is headquartered and where its management has lived and worked for 10 years.
The latest news and updates relating to Numa Numa are available in the company's newsroom at https://ibn.fm/NUMA. The company was featured in a recent article that discussed its efforts to develop mining projects in Bougainville. To view the full article, visit https://ibn.fm/GinAs. The information about Numa Numa's projects was disseminated through Rocks & Stocks, a specialized communications platform delivering deep insights into the mining industry. Rocks & Stocks is one of 75+ brands within the Dynamic Brand Portfolio at IBN that delivers various corporate communications solutions. For more information about this platform, please visit https://RocksAndStocks.news.
