Numa Numa Resources Advances Integrated Mining and Infrastructure Portfolio in Bougainville

Numa Numa Resources Inc. is making significant progress in advancing an integrated mining and infrastructure portfolio in the Autonomous Region of Bougainville, centered on the reconstruction of the historic Panguna Mine. This copper-gold deposit, once the largest open-cut mine in the world, retains substantial remaining resources and is now a focal point for the company's development strategy. The company is working closely with customary landowners to move the project forward while positioning major mining companies as potential future development and operating partners.

The Panguna Mine, originally developed by Rio Tinto, operated from 1972 to 1989 before being shuttered due to a civil conflict known as "the Crisis." The 2001 Bougainville Peace Agreement granted the region limited autonomy, and ownership of the mine reverted to its customary landowners. Today, a majority of the mine's copper, gold, and silver ore resources remain within its walls, making it one of the largest ore bodies in the world, with an estimated worth of approximately $100 billion. This fully explored and developed asset presents a unique opportunity for Numa Numa to unlock significant value.

Beyond Panguna, Numa Numa is pursuing exploration opportunities at Mainoki and Karato, which geologists believe may contain ore deposits similar in size and scale to Panguna. These prospects could expand the company's resource base and contribute to long-term growth. In addition, the company is developing the Manetai Limestone and Lime Project to support regional mining operations, providing essential industrial inputs. The Bougainville Power & Light Project aims to deliver up to 10 megawatts of hydroelectric and solar power, addressing critical infrastructure needs for both mining activities and the local community.

The integration of these projects is designed to combine resource development with the necessary industrial inputs and infrastructure to sustain mining in Bougainville. This holistic approach not only enhances the economic viability of the mining operations but also fosters regional development and stability. Numa Numa's management has lived and worked in Bougainville for a decade, providing deep local knowledge and relationships that are crucial for navigating the complex social and political landscape.

The company's strategy to engage customary landowners and position major mining companies as partners is a key differentiator. This collaborative approach aims to ensure that the benefits of mining are shared equitably and that development proceeds with broad community support. By advancing the Panguna Mine reconstruction, Numa Numa is not only tapping into a world-class resource but also contributing to the post-conflict rehabilitation of Bougainville.

Geological studies suggest that the region holds significant untapped potential, and Numa Numa is positioning itself to be at the forefront of its exploration and development. The company's diversified portfolio mitigates risk and offers multiple avenues for growth, from copper and gold to limestone and renewable energy. As the projects progress, they are expected to attract investment and create employment opportunities, driving economic growth in the region.

Numa Numa Resources is headquartered in Bougainville, reflecting its commitment to the region. The company's focus on sustainable development and partnership aligns with the aspirations of the local population and the government. With the Panguna Mine's vast resources and the supportive infrastructure projects, Numa Numa is poised to play a pivotal role in the resurgence of mining in Bougainville, a region with a rich mining heritage and a promising future.