Papua Mining, the gold and copper exploration company, has applied for another exploration licence through its 100%-owned subsidiary BGM Investments.
The licence is for an area that immediately surrounds the Mt Leyshon Mining Lease.
The Mt Leyshon Mining Lease has produced 2.5 million ounces of gold and 2.3 million ounces of silver.
When granted, New Leyshon will increase the available exploration potential of Papua Mining in the vicinity of the Lighthouse Project by a further 38 square kilometres.
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