leadf
logo-loader
viewRockfire Resources PLC

Papua Mining looking to minimise expenditure risk as it advances key projects

David Price, chief executive of Papua Mining PLC (LON:PML), tells Proactive the real focus for them at the moment is firmly on their Lighthouse project in Queensland, Australia.

''We've accumulated ground around us in three different acquisitions recently ..  and we're identifying vacant ground that has historical prospects on and we're slowly accumulating that ground holding because we feel taking a larger position is something that we do want to do'', Price says.

He goes on to say they've got a team heading over next month to kick off some early stage exploration work on their projects in Papua New Guinea.

''What we're here to do is grow the company and we'll do that over time … it takes time'', Price adds.

''We'll grow it effectively, we'll grow it sensibly and successfully''.

Quick facts: Rockfire Resources PLC

Price: 0.76 GBX

LSE:ROCK
Market: LSE
Market Cap: £6.33 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Fireweed Zinc drill results yield a new mineralized zone at Boundary

Fireweed Zinc (CVE: FWZ) CEO Brandon Macdonald joined Steve Darling from Proactive with significant drilling news from their Macmillan Pass Project. Two distinct systems were drilled at the new discovery at Boundary West: an upper sequence and a lower sequence of stratiform zinc...

2 hours, 13 minutes ago

2 min read