Papua Mining Plc (LON:PML) looking to minimise expenditure risk as it advances key projects: Proactive Investors Stocktube

Published on 12 Feb 2018

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''.

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Bloomberg