NiuinCo Group Completes Diamond Drill Holes at Edie Creek Mine in PNG, Advances Resource Drilling Programme
In a significant development for NiuinCo Group Limited, the exploration company has successfully completed 14 diamond drill holes (DDH) under its 2012 resource drilling programme at the Edie Creek Mine in Wau, Morobe Province, PNG. This milestone marks the first stage of a larger 62-hole DDH initiative aimed at delineating an initial Joint Ore Resource Committee (JORC) 2012 inferred resource, further solidifying the company’s commitment to advancing its operations in Papua New Guinea.
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| NiuinCo Group Completes Diamond Drill Holes at Edie Creek Mine in PNG, Advances Resource Drilling Programme |
During the final quarter of 2024, the company focused heavily on advancing its drilling programme while simultaneously setting up an alluvial mining and processing plant on-site. Alluvial mining operations were initiated under a contract mining arrangement with Edie Creek mine investors or purchasers, ensuring a collaborative approach to resource extraction in PNG.
Infrastructure challenges posed by adverse weather conditions were also addressed during this period. Extensive work was undertaken to repair, replace, and widen existing roads that had been damaged—or in some cases, destroyed—by heavy rainfall throughout the year. Additionally, repairs to the company’s mobile mining fleet were prioritized, with upgrades carried out on five excavators as part of a broader effort to enhance operational efficiency.
The completion of the first 14-hole stage, totaling 804 metres drilled, was finalized on December 31, 2024. Final assessment results are currently being compiled, and a JORC 2012 Resource Statement is in the process of being finalized. This critical document will play a pivotal role in satisfying the conditions of the ML511 mining lease, which requires the lodgment of a compliant resource statement with the Mineral Resource Authority in PNG.
According to Tracey Lake, Managing Director of Niuminco Group, payments related to the Edie Creek Mine share purchase and subscription agreement are contingent upon the submission of the JORC 2012 resource statement. The drilling programme is expected to form an integral part of the mine’s grade control strategy, enabling the prioritization of higher-grade vein material for processing.
This achievement underscores NiuinCo Group's commitment to unlocking the potential of the Edie Creek Mine and advancing its resource development objectives in alignment with international reporting standards, reinforcing its position as a key player in PNG’s mining sector.
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