New opportunity - MMP

Hi Folks, Ithought I would take this opportunity to bring you up to day on what Peter andPaige are doing now they are no longer on the board for FNT. Those of you havebeen with FNT for quite some time would be aware of some of the other great licencesthat FNT held over the years especially Mt Andewa which we had a great JV withNewcrest. You may also know that Peters still holds several of these under hisother companies and that Peter offered them to FNT prior to the buy in byForise however the board didn’t want to take on anymore tenements mostly due tothe additional costs to run the exploration. Well Peter and Paige have now puttogether a new company with many of these licences and a few new ones and theyplan to launch the company, “Mineral Mining PNG” in the coming weeks on theexchange. From what I have read so far they are going to fast track a few ofthese to mining after some further drilling from the money raised from the initialsales and then use the mining profits to continue the exploration and mining ofthe other tenements.  For anyoneinterested in seeing the prospectus which I believe is in its final stage ofpreparation and will be released soon you can go to the website and registeryour interest. They will be selling 15M shares at 0.30c AUD per share to raise$4.5M to start immediate work. The share holdings will be kept low to increasevalue. The minimum purchase is $2000 so not much.  MMP will be launching at the PDAC Torontowhich is the largest mining conference on the planet with >25,000 peopleattending. They will also seek joint venture opportunities to further enhanceits portfolio and will have a great opportunity to do this in Toronto. You cantake a look at what is online so far at https://www.metalminingpng.com.au/

 

MMPcurrently have the following licences and application

·        TheWeioko gold occurrence: EL 2504 granted

·        Theadvanced Andewa gold system: EL 2461 granted

MMPalso hold Exploration Licence applications over highly prospective explorationtargets and alluvial gold projects which upon granting will be fast tracked toproduction.

·        Lakekamualluvial gold project: ELA 2610 pending.

·        AivAvi alluvial gold exploration: ELA 2611 pending

·        EastNormanby gold exploration: ELA 2590 pending

GD