Dig Deep Growing Fast in Papua New Guinea With Matt Salthouse
In this episode, we chat with a returning guest who appeared in Feb 2021 (Episode 117) and Nov 2021 (Episode 192). Matt Salthouse is Chief Executive Officer at Kainantu Resources, which is an Asia-Pacific-focused gold mining company with some highly prospective gold projects in the high-grade Kanantu gold district of Papua New Guinea (PNG).
Matt gives us an update on the company speaking about the new Kili Teke deal. Along with updates on the May River project and shares his thoughts on the PNG government elections.
KEY TAKEAWAYS
- Kainantu Resources has executed a deal with Harmony Gold to acquire the Kili Teke project.
- Kili Teke is an existing inferred resource of South African standards. With around 6 million tonnes equivalent of gold.
- The amount of capital required to close the deal was relatively small, just a $500,000 payment to initiate it.
- Recent exploration of KRL North and South and May River have all yielded some good results.
- At May River they are waiting for around 300 results from an area with very promising geology.
- Papua New Guinea is a relatively stable place to mine. Successive governments have been supportive of the industry.
BEST MOMENTS
‘A busy 6 months in terms of acquisition, working in the field and regional work. Consistent with the broader strategy. ´
‘For Papua New Guinea mining is such a critical part of the economy.’
EPISODE RESOURCES
Website: https://www.kainanturesources.com/
LinkedIn: https://www.linkedin.com/company/kainantu-resources-limited/
Twitter: https://twitter.com/KainantuR
Instagram: https://www.instagram.com/kainanturesources/
Facebook: https://www.facebook.com/KainantuResources/
Previous episodes with Matt Salthouse - https://omny.fm/shows/dig-deep-the-mining-podcast/mining-in-papua-new-guinea-with-matt-salthouse and https://omny.fm/shows/dig-deep-the-mining-podcast/mining-in-papua-new-guinea-progress-report-with-ma
VALUABLE RESOURCES
Email: rob@mining-international.org
Website: https://www.mining-international.org/
LinkedIn: https://www.linkedin.com/in/rob-tyson/
Twitter: https://twitter.com/MiningRobTyson
Facebook: https://www.facebook.com/DigDeepTheMiningPodcast/
Instagram: https://www.instagram.com/theminingpodcast/
YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast/videos
ABOUT THE HOST
Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community insight into people's experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.
Rob is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specializing in all areas of mining across the globe from the first world to third world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our client's organizations in any mining discipline or level.
Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.
Podcast Description
Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content about the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.