Welcome to MIL Resources Limited
MIL Resources Limited is a Papua New Guinea focussed mineral exploration company. We are an Australian public company listed on the Australian Securities Exchange (“ASX”) – ASX Code: MGK.
MIL Resources is exploring primarily for gold and copper in eight 100% owned projects across Papua New Guinea and we are actively seeking partners for the development of a large, vanadium rich, titanomagnetite project at Amazon Bay in South Eastern Papua New Guinea (MIL Resources earning 51%).
South East Papua Gold consists of three projects; Poi which contains a large geophysical anomaly striking over 11 kilometres long and 1.5 kilometres wide with coincident gold geochemistry over 27 square kilometres. It has the potential for both high grade epithermal gold and copper-gold deposits within alkali intrusive rocks and the characteristics of large porphyry gold copper systems found in island arc settings such as PNG. Golden Peak contains a geochemical anomaly with an area of approximately 300m x 200m of elevated gold, copper and arsenic including 20m @ 7.2 g/t Au from trench assays. Aeromagnetic surveys at Domara detected a number of interesting anomalies.
High gold grades were identified on our New Britain Gold licences during exploration in the 1980’s. The area is host to a number of intrusions and is prospective for Copper-Molybdenum-Gold systems.
There are 4 projects within New Ireland Gold; Legusulum which contains a 70m thick leached cap over 1km² with 0.25% copper detected during a shallow drill program in the 1970’s, Tanga and Massau Islands located on the Simberi – Lihir – Tanga – Feni Island chain, and Palabong which is prospective for porphyry copper-gold targets.
Amazon Bay is a large vanadium rich, titanomagnetite project on the coast of Papua New Guinea.