Business
Update On The Panguna Landowner Consortium's Proposal
ANNOUNCEMENT TO THE TORONTO STOCK EXCHANGE, AUSTRALIAN SECURITIES EXCHANGE AND OTCQB ...
About this update from Rtg Mining, Inc.
[{"type":"text","content":"Update On The Panguna Landowner Consortium’s ProposalANNOUNCEMENT TO THE TORONTO STOCK EXCHANGE, AUSTRALIAN SECURITIES EXCHANGE AND OTCQB SUBIACO, WESTERN AUSTRALIA / ACCESSWIRE / March 12, 2019 / The Board of RTG Mining Inc. (\"RTG\", the \"Company\") (TSX:RTG, ASX:RTG, OTCQB:RTGGF) announces that, as previously advised the Special Mining Lease Osikaiyang Landowners Association (\"SMLOLA\"), the Landowner Association whose members are the Customary Owners of the land and mineral resources of the Panguna Mine (the area of the old EL 01), have nominated RTG as their development partner for Panguna. A Joint Venture Agreement, consistent with the Bougainville Mining Act (\"BMA\") has been entered into.The Autonomous Bougainville Government (\"ABG\") has advised that they have rejected a proposal by SMLOLA and RTG. RTG will consult with SMLOLA as to the steps to be taken in respect of this development. ABOUT RTG MINING INCRTG Mining Inc. is a mining and exploration company listed on the main board of the Toronto Stock Exchange, the Australian Securities Exchange and the OTCQB Venture Market. RTG is focused on a proposal with a landowner lead consortium to secure an exploration licence at the high tonnage copper-gold Panguna Project in Bougainville PNG and the high grade copper/gold/magnetite Mabilo Project in the Philippines, while also identifying major new projects which will allow the Company to move quickly and safely to production.RTG has an experienced management team which has to date developed seven mines in five different countries, including being responsible for the development of the Masbate Gold Mine in the Philippines through CGA Mining Limited. RTG has some of the most respected and international institutional investors as shareholders including Franklin Templeton, Sun Valley, Sprott and Equinox. ENQUIRIESAustralian Contact President & CEO – Justine MageeTel: +61 8 6489 2900 Fax: +61 8 6489 2920 Email: [email protected] [email protected] Contact Investor Relations – Jaime WellsTEL: +1 970 640 0611Email: [email protected] NOTE STATEMENTThis announcement includes certain \"forward-looking statements\" within the meaning of Canadian and applicable securities legislation. Statement regarding interpretation of exploration results, plans for further exploration and accuracy of m...