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Papuan Precious Metals Corp (PPM) is a gold and copper exploration company with property in Papua New Guinea's Lihir-Tabar gold-copper epithermal gold mineral belt, home of some of the richest gold deposits in the world. The company holds two Exploration Licences/Applications on the island of New Hanover. PPM’s strategy is to acquire projects that are both geologically prospective and logistically easy to explore
The discovery of oxidised breccia outcrop on New Hanover with over 9.5 % copper has changed the complexion of this project, opening up potential for porphyry-style Au-Cu mineralisation. The hydrothermal Doriri Creek nickel deposit, which PPM maintains a 10% ownership of, contains significant platinum group element (PGE) credits
New Hanover Project
Mt Suckling Project (10% PPM)