Australian gold and uranium exploration company Siburan Resources (SBU) has entered into a joint venture (JV) agreement with RH Resources to acquire mineral exploration and mining tenements in Papua New Guinea (PNG).

Under the terms of the agreement, SBU will hold a 30% share of the JV and RH will hold the remaining shares.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The JV will receive funding on a pro-rata basis in proportion to the respective interests.

SBU will have an active management role in the sourcing and management of the exploration projects in PNG.

Siburan Resources’ managing director Noel Ong said that PNG has several world-class operating mines including Porgera, Mt Kare, Hidden Valley and Wafi deposits.

 

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Mining Technology Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Mining Technology Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now