Dig Deep Mining in Papua New Guinea Progress Report with Matt Salthouse of Kainantu Resources
In this episode, we chat with a returning guest who appeared in Episode 117 in February 2021. Matt Salthouse is the Chief Executive Officer at Kainantu Resources. An Asia-Pacific-focused gold mining company with two highly prospective gold projects in a premier mining region, the high-grade Kainantu gold district of Papua New Guinea (PNG).
Matt gives us an update on what’s been happening in PNG and with Kainantu Resources over the last 10 months when he was last on the podcast. We discuss the May River acquisition, the north, and south program, and the FSE listing and capital management.
KEY TAKEAWAYS
- Over the past 10 months, their focus has been on mapping resources in KRL South.
- They are in the process of closing their copper-gold May River deal, which brings together three concessions.
- May River is in the Frieda River Copper and Gold area of PNG, which is one of the largest undeveloped copper projects in the world.
- In KRL North, they have done a lot of sampling work.
- In KRL South, they have already identified a forty grammes per tonne sample.
- Geophysics work is planned for both sites.
- Kainantu Resources listed on the Frankfurt Exchange mid-year, which is proving to be good for capital management.
- The relationship with the government and local communities is still sound.
- The experienced and well-connected board is able to pursue strategic collaboration opportunities.
- Despite CoVid having had an impact, Kainantu Resources have still managed to push forward.
BEST MOMENTS
‘We´ve been quite tight and scrupulous in terms of managing our capital, so have a reasonable body of capital, at the moment. ´
‘We are looking to do some geophysics work at both KRL North and South.’
‘Everybody in the management group has connections and contacts in Southeast Asia.’
EPISODE RESOURCES
Kainantu Resources - https://kainanturesources.com
Email: info@krl.com.sg
Episode 117: https://podcasts.apple.com/us/podcast/mining-in-papua-new-guinea-with-matt-salthouse/id1440020656?i=1000509599113
VALUABLE RESOURCES
mailto:rob@mining-international.org
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ABOUT THE HOST
Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first world to third world countries from Africa, Europe, 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 clients' organisations 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.
CONTACT METHOD
rob@mining-international.org
https://www.linkedin.com/in/rob-tyson-3a26a68/
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 around 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.