New opportunity - MMP, page-2

Hi Folks I reposted this as HC changed my formatting. Sorry about that. I tried to edit it but went past the 3 minute limit. 


Hi Folks, I thought I would take this opportunity to bring you up to day on what Peter and Paige are doing now they are no longer on the board for FNT. Those of you have been with FNT for quite some time would be aware of some of the other great licences that FNT held over the years especially Mt Andewa which we had a great JV with Newcrest. You may also know that Peters still holds several of these under his other companies and that Peter offered them to FNT prior to the buy in by Forise however the board didn’t want to take on anymore tenements mostly due to the additional costs to run the exploration. Well Peter and Paige have now put together a new company with many of these licences and a few new ones and they plan to launch the company, “Mineral Mining PNG” in the coming weeks on the exchange. From what I have read so far they are going to fast track a few of these to mining after some further drilling from the money raised from the initial sales and then use the mining profits to continue the exploration and mining of the other tenements.  For anyone interested in seeing the prospectus which I believe is in its final stage of preparation and will be released soon you can go to the website and register your 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 increase value. The minimum purchase is $2000 so not much. MMP will be launching at the PDAC Toronto which is the largest mining conference on the planet with >25,000 people attending. They will also seek joint venture opportunities to further enhance. its portfolio and will have a great opportunity to do this in Toronto. You can take a look at what is online so far at https://www.metalminingpng.com.au/

 

MMP currently have the following licences and applications

·        The Weioko gold occurrence: EL 2504 granted

·        The advanced Andewa gold system: EL 2461 granted

MMP also hold Exploration Licence applications over highly prospective exploration targets and alluvial gold projects which upon granting will be fast tracked to production.

·        Lakekamu alluvial gold project: ELA 2610 pending.

·        Aiv Avi alluvial gold exploration: ELA 2611 pending

·        East Normanby gold exploration: ELA 2590 pending

GD