Oceania Project

Oceania Project

Oceania is a high-impact copper and gold exploration project located in the mineral-rich South Pacific. Encompassing the fully permitted Kuma and Fauro properties in the Solomon Islands, the project is strategically positioned along a prolific geological trend known for its copper-gold potential. Ongoing exploration at both sites is building on significant historical work, which has already outlined promising mineralization.

Regional Location – Solomon Islands

The Solomon Islands is one of the last underexplored regions within the Ring of Fire, a globally significant belt rich in porphyry and epithermal deposits. This highly prospective trend hosts world-class assets, including the 71.9 Moz¹ Lihir Gold Mine, ranked among the top 10 gold producers globally.

Our Kuma and Fauro properties, part of the Oceania Project, are strategically located along this copper-gold corridor, where mineral occurrences remain largely underexplored. With significant discovery potential, we are well-placed to explore and assess new mineral resources in this region.

1. Newcrest Technical Report, 2020 (310 Mt containing 23 Moz Au at 2.3 g/t P+P, 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred)

Maps & Figures

Tectonic History

The Solomon Islands and Papua New Guinea are located in a very prospective region for intrusion related mineral deposits, with multiple copper and gold occurrences along trend including the major deposits Panguna and Lihir. The region is underexplored, creating a great opportunity for new exploration opportunities and discoveries.

Tectonic history of the area is generalized as follows: The Pacific-Australian plate boundary was active along the Melanesian trench (North Solomon trench) associated with Melenasian arc magnetism, collision of the Otong Java Plateau with the Australian plate resulted in a shift in subduction, followed by microplate tectonics. The porphyry and epithermal deposits formed along the copper-gold trend in Papua New Guinea and the Solomon Islands including Lihir, Panguna, Goldridge, Fauro, and Kuma were formed between 6-0 Ma by microplate tectonics.

Fauro and Kuma have the potential to host large-scale porphyry/epithermal deposits, as they share similarities in geology, tectonics and mineralization to their neighboring giants Lihir and Panguna.

Tectonic History of Epithermal and Porphyry Deposits in the Solomon Islands and Papua New Guinea