Media releases

Emperor delivers exploration opportunities

Emperor Mines Limited today unveiled details of a A$15 million, 125 km drilling and exploration program over two years covering gold tenements in Fiji and Papua New Guinea.
ASX/Media release

Emperor Mines Limited today unveiled details of a A$15 million, 125 km drilling and exploration program over two years covering gold tenements in Fiji and Papua New Guinea.

Combining the PNG gold projects of DRDGOLD Limited - 20% of the Porgera Joint Venture and the Tolukuma Gold Mine – with its existing Fijian suite of assets will make Emperor one of the biggest gold exploration tenement holders in both countries.

Completion of the acquisition of DRDGOLD’s interests in Porgera and Tolukuma is expected to be finalised in the short term.

Chief Executive Officer, Mark Wellesley-Wood, said Emperor would have interests in two of the three largest gold projects in those countries (Porgera in Papua New Guinea and Vatukoula in Fiji) and predicted the exploration program could help lift Tolukuma to world class status.

Speaking at the Asia Mining Congress 2006 in Singapore, Mr Wellesley-Wood said Emperor’s tenement holdings would provide excellent opportunities to increase shareholder value.

“We will have highly prospective tenement holdings in ‘elephant country’ with a diversified and well balanced portfolio of projects ranging from mine ready to green fields.”

“We have a fully equipped exploration division with six rigs in PNG and 10 in Fiji which is supported by an extensive database across PNG and Fiji sourced from 35 years of physical data including full airborne and satellite imagery.”

Also speaking at the conference, Emperor Executive Vice-President, Exploration, Richard Johnson, said it will be one of the biggest exploration campaigns commenced in PNG or Fiji.

“This program represents the culmination of many years of investigation using new exploration technologies. It is now time to start drilling,” Mr Johnson said.

Emperor Mines Limited
Mark Wellesley-Wood
Chief Executive Officer
+44 (0) 7788 420 451 (mobile)
+27 (82) 415 8998 (mobile)
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Emperor Mines Limited
Clyde Moore
Executive Director
+61 (0) 7 3007 8000 (office)
+61 (0) 411023467 (mobile)
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