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Augustus circles giant PNG gold prize in Porgera backyard

Augustus says the project could host 2.5 million ounces of gold equivalent, while Gold Fields owns 5.33% of the company and the licence bid is contested.

Augustus Minerals is chasing a massive gold prize in PNG, lodging an application for the Mt Kare project, a geological cousin to the nearby 32-million-ounce Porgera giant.

4 Articles

Sydney Morning HeraldSydney Morning Herald
+3 Reposted by 3 other sources
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Augustus circles giant PNG gold prize in Porgera backyard

Augustus Minerals is chasing a massive gold prize in PNG, lodging an application for the Mt Kare project, a geological cousin to the nearby 32-million-ounce Porgera giant.

·North Sydney, Australia
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Sydney Morning Herald broke the news in North Sydney, Australia on Thursday, October 15, 2026.
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