EXPLORATION & DEVELOPMENT

Canterbury defines substantial PNG resource

CANTERBURY Resources doesn’t yet own the Wamum project, which is stuck in the application process due to COVID-19 restrictions, but that hasn’t stopped it delivering substantial resource estimates for two copper-gold deposits that are less than 20km north of the giant Wafi-Golpu development in Papua New Guinea.

The Wamum project area

The Wamum project area

While there is no guarantee that an exploration licence will be granted, the company has done the legwork work to define a total maiden resource estimate for the Wamum project of 2.7 million ounces gold...

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