Numa Numa Resources Inc. Advances Panguna Mine Redevelopment in Bougainville

Numa Numa Resources Inc. is positioning for opportunity as the Panguna Mine, being redeveloped by the company and its landowner partners, contains massive amounts of copper and gold along with attractive infrastructure. The company's operations in Bougainville are multifaceted, encompassing not only mining for precious metals like copper and gold but also redeveloping key infrastructure assets like the Manetai lime quarrying and calcination project. This asset is necessary for separating gold from copper in a concentrator and represents a key element in rebuilding Bougainville's economy.

Numa Numa's initiatives aim to enable Bougainvilleans to achieve both prosperity and independence. In the evolving global mining landscape, regions rich in untapped resources present significant opportunities for companies with management teams devoted to spending years onsite developing them. Numa Numa Resources has done so over the last 10 years in the Autonomous Region of Bougainville, currently a political unit of Papua New Guinea. As a result, the company has strategically positioned itself to capitalize on the spectacular potential of this resource-rich South Pacific archipelago.

Bougainville, a resource-rich archipelago in the South Pacific, is perhaps best known as the home of the Panguna Mine. Developed by Rio Tinto, the Panguna Mine was the largest open cut copper and gold mine in the world when it operated from 1972 to 1989 before being shuttered due to a civil war, called "the Crisis," between Bougainville and its parent government Papua New Guinea. In 2001, the Bougainville Peace Agreement ended the war and awarded Bougainville limited autonomy, including its own constitution, by which ownership of the mine reverted to its customary landowners.

A majority of the Panguna Mine's copper, gold, and silver ore resources remain within its walls, making the fully explored and developed Panguna Mine one of the largest ore bodies in the world, today worth approximately $100 billion. Most geologists who have studied Bougainville believe that other nearby locations such as Mainoki and Karato are highly prospective and may contain ore deposits similar in size and scale to those of the Panguna Mine. The latest news and updates relating to Numa Numa are available in the company's newsroom at https://ibn.fm/NUMA.

This redevelopment project carries significant implications for multiple stakeholders. For Bougainville, successful mine redevelopment could provide substantial economic benefits and move the region toward greater independence. For the global mining industry, the potential reactivation of one of the world's largest copper and gold deposits could impact commodity markets and supply chains. For investors, Numa Numa's decade-long presence and strategic positioning offer potential opportunities in a region with proven resources. The company's integrated approach combining mining operations with infrastructure development like the Manetai lime project demonstrates a comprehensive strategy for sustainable resource extraction.

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