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papuan precious metals corp (PAU) Snapshot

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05/2/14 - C$0.16
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01/7/15 - C$0.0050
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papuan precious metals corp (PAU) Details

Papuan Precious Metals Corp. acquires, explores for, and develops mineral resource properties in Papua New Guinea and Canada. The company primarily focuses on exploring for copper, gold, nickel, and platinum ores. It primarily holds 100% interest in the New Hanover project that covers 2 exploration licenses covering an area of 591.6 square kilometers located west of the New Ireland provincial capital of Kavieng. Papuan Precious Metals Corp. is headquartered in Kelowna, Canada.

papuan precious metals corp (PAU) Top Compensated Officers

Chairman, Chief Executive Officer, Member of ...
Total Annual Compensation: --
Chief Financial Officer and Vice President of...
Total Annual Compensation: C$84.0K
Compensation as of Fiscal Year 2014.

papuan precious metals corp (PAU) Key Developments

Papuan Precious Metals Corp., Annual General Meeting, Sep 15, 2014

Papuan Precious Metals Corp., Annual General Meeting, Sep 15, 2014., at 11:00 Pacific Standard Time. Location: at Suite 700, 595 Howe Street. Agenda: To receive the audited financial statements of the company for the fiscal year ended June 30, 2014, together with the auditors' report thereon; to fix the number of directors at three; to elect directors for the coming year; to appoint Ernst & Young LLP, Chartered Accountants, as the auditor for the company, and to authorize the directors to fix the remuneration to be paid to the auditor; to approve the company's stock option plan for the coming year; to grant the board of directors of the company the authority to proceed, if they so choose, with a consolidation of the company's issued and outstanding share capital using a ratio of up to 4 to 1; to consider transfer of certain assets of the company to Pioneer; and to transact such other business as may be brought before the meeting.

Papuan Precious Mulls Acquisitions

Papuan Precious Metals Corp. (TSXV:PAU) intends to pursue acquisitions. Papuan Precious has announced a non-brokered private placement to raise $0.78 million. The net proceeds will be used to advance the development of Papuan's properties, for potential acquisitions, for general working capital and a loan of $0.35 million to its subsidiary.

Papuan Precious Metals Corp. Announces Results of Exploration Program at Metemana-Metekavil Area

Papuan Precious Metals Corp. announced the results of the recent exploration program at the Metemana-Metekavil area of its New Hanover project in Papua New Guinea. Field work, including mapping, outcrop sampling and a ridge and spur soil sampling program, has identified a new copper/gold porphyry system in the 2km x 5km Randei prospect area. The company is awaiting the results of geochemical analysis. News Highlights: Gold-copper porphyry prospect identified by mapping and sampling over the 2km x 5km Randei prospect area and open to the coast; 32 mineralized samples comprising both outcrop grab and 5m channel samples were collected. Copper mineralization in the form of covellite, chalcopyrite, bornite, chalcosite and malachite were observed in these samples; 61 soil samples were collected over ridges and spurs at 50m spacing; Follow-up activity being considering includes a grid-based soil sampling program to define drill targets. Copper minerals observed in rock outcrop samples include covellite, chalcopyrite, bornite, chalcosite and malachite. In addition, malachite clasts were mapped and sampled in what is interpreted to be a possible diatreme breccia.


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