As we approach the festive season—a time of giving, sharing, and reflection—Nambawan Super Limited (NSL) took the opportunity to recognise the tireless efforts of frontline healthcare workers at Port Moresby General Hospital (PMGH).

This week, the NSL team engaged with PMGH staff, providing on-site Member services and serving light refreshments to the dedicated doctors, nurses, technicians, and support staff who devote their lives to caring for others.

PMGH employs over a thousand Nambawan Super Members, all of whom play a vital role in ensuring the hospital operates smoothly and delivers essential medical care to thousands of Papua New Guineans each year. Many of these professionals work long hours and often have limited time to attend to their superannuation matters.

NSL Deputy Chief Executive Officer, Mr Vere Arava, expressed his appreciation for the PMGH team’s commitment and welcomed the opportunity to serve them in their workplace.

“Our healthcare workers, who are our Members, give so much of themselves to care for others and often put their own needs last. Recognising this, NSL brought its services directly to their workplace, ensuring that they, too, are supported when it comes to their financial future,” Mr Arava said.

“For many of our Members at PMGH and other hospitals, caring for others takes priority over their own needs, leaving little time to plan for life after employment. By bringing our services directly to them, we help Members update their details, check their accounts and statements, and learn more about how to make the most of their superannuation.”

“I would also like to thank PMGH management for their continued support and for allowing our team to meet and serve our Members. Employers play a vital role in helping their employees achieve their retirement goals, and it is always rewarding to see such partnerships in action.”

To date, Nambawan Super has hosted over 20 Employer and Stakeholder Engagements across the country, reaching Members in various sectors. These engagements form part of NSL’s ongoing efforts to bring services closer to Members, particularly those in essential roles who contribute daily to the nation’s wellbeing and development.

“We want our Members to enjoy a dignified and financially secure retirement after a lifetime of service to our people. Regularly updating Member details and understanding superannuation options are important steps in that journey.”

NSL also provides free Financial Literacy Training to all Members, helping them make informed financial decisions and plan for a comfortable retirement.

The two-day engagement, held on Tuesday, 11 November, and Wednesday, 12 November 2025, was supported by the Nambawan Savings and Loans Society (NSLS) team, who shared information on short- and medium-term savings options. Paradise Foods Limited also joined in spreading festive cheer by serving ice cream and their Smart Start biscuits to PMGH staff.

As the festive season draws near, Nambawan Super extends heartfelt gratitude to all frontline Members across the country. While their days are spent caring for others and developing the nation, NSL remains committed to supporting their future—growing their retirement savings and ensuring that after a lifetime of service, they can enjoy a secure and dignified retirement.

Remington Technology, a member of the Remington Group of Companies, has successfully achieved ISO 9001 certification, demonstrating the organisation’s relentless pursuit of quality, reliability, and continual improvement. This internationally recognised certification confirms that Remington Technology’s systems, processes, and culture meet the highest global standards

In addition, several of our staff earned their ISO 9001:2015 Internal Auditor certificates in September. These certified internal auditors are now qualified to run audits across the business, ensuring we stay compliant, continually improve our processes, and maintain the highest standards of performance.

“Remington has always been a quality organisation, now we have the ISO 9001 certification to prove it,” said Justin Kieseker, CEO of the Remington Group. “I am immensely proud of our team for this achievement. Every area of our business contributed, proving our systems and processes are world-class. This certification not only recognises our leadership in the field, but also gives our customers, suppliers, and employees confidence that our operations meet international standards. ISO 9001 is becoming increasingly relevant in Papua New Guinea, especially when working with global partners and government, and this milestone positions us strongly for the future.”

This certification reflects Remington Technology’s ongoing commitment to excellence and its role as the leader in PNG’s technology sector. It’s a reflection of our people, our processes, and our promise to deliver exceptional solutions to our customers.

Remington Technology is a leading provider of business technology solutions and print services in Papua New Guinea. The company is committed to innovation, reliability, and world-class service that supports businesses across the nation.

Tolu Minerals Limited has reported strong progress at its Tolukuma Gold Mine (TGM) and outlined plans for growth in the coming year.

The company has launched its “Destination 2026” strategy, presenting its development plans to investors at major industry events in the United States, including the 2025 Precious Metals Summit in Beaver Creek and the Mining Forum Americas in Denver. The roadshow drew strong interest in Tolu’s recent changes and future ambitions.

Quarterly Highlights

Among the key updates for the September quarter:

• Dr Chris Muller has been appointed Chief Executive Officer and Managing Director, effective 10 November 2025.
• The company raised AUD $60.5 million through the issue of approximately 50.4 million shares at $1.20 each.
• Work on the existing SAG mill and plant continues, with expectations to restart production at around 500 tonnes per day in the second half of 2026.
• Contractors have been engaged to assist with mill upgrades, and preparations are underway for the arrival of new drilling rigs and training of crews for a 30,000-metre drilling programme next year.
• Studies on a long-term tailings dam solution are in progress.
• Underground mining resources are being further explored and developed for future production.
• Plans are underway to upgrade the on-site assay laboratory to improve efficiency, reduce costs, and speed up testing.

Tolu has also advanced its exploration programme following results from the Airborne Magneto Telluric (Airborne MT) survey, which identified multiple vein targets similar to the Tolukuma corridor. The same analysis highlighted eight potential porphyry targets at the Mt. Penck project on New Britain Island, as well as promising targets at the newly awarded Ipi River project, northwest of Tolukuma.

A surface geochemical programme began in July, involving ridge and spur sampling, base-of-slope testing, and rock chip and stream float sampling near the mine. The company has approved the purchase of new drills and will manage the drilling programme in-house.

Looking Ahead

Dr Chris Muller, recognised for his discoveries at Wafi-Golpu and K92, expressed optimism about the company’s future. “I am honoured to lead the Tolu team at the Tolukuma Gold Mine, historically one of the highest tenor gold-producing assets in Papua New Guinea,” he said. “Tolukuma represents a truly exceptional opportunity—not only to reaffirm PNG’s standing in the global mining landscape but also to write a compelling new chapter in the country’s mineral resource story.”

He added that strategic realignment of operations is well underway, with key initiatives including the mill recommencement, underground production resumption, and development of new resource areas. Tolu Minerals has committed to providing timely updates as these projects progress.

 Pacific Lime and Cement Limited (ASX: PLA) has reported strong progress in the September 2025 quarter, marked by the Final Investment Decision (FID) for its Central Lime Project (CLP) and significant expansion of construction and development activities.

The FID, announced in early August, confirms the start of full-scale construction at PNG’s first vertically integrated quicklime facility. The project aims to produce around 400,000 tonnes of quicklime per year and is fully funded through equity, with commercial operations expected to begin by early 2027.

“FID reflects our confidence in the project’s strong economics and strategic importance, following nearly a decade of planning,” the company said.

Construction Accelerates

Work at the CLP site has progressed steadily. Bulk earthworks are well underway, with major grading and site preparation completed for the kiln and processing plant. Two 60-tonne steel bridges for the 27.6-kilometre access road linking Port Moresby to the site have been ordered and are expected to arrive in the fourth quarter of 2025.

A large fleet of construction machinery, including excavators, dump trucks, graders, and generators, has arrived on site. These machines are now being used for quarry development, civil works, and road construction. The development team has also expanded, with a 50-person project office established in Port Moresby to manage logistics, engineering, procurement, and administration.

Meanwhile, the dedicated port facility has reached a milestone with the completion of Stage Three design. This will enable construction of a multi-berth international wharf capable of handling Handymax bulk carriers of up to 50,000 DWT. Earlier phases, including roll-on/roll-off barge ramps, are already operational, allowing for the movement of materials to and from the site. Once operational, the port will handle quicklime exports and the import of fuel and other bulk items.

The company has also made significant progress on long-lead equipment for the processing plant. Lime kilns, crushers, and material handling systems are in the final stages of procurement, while fuel storage tanks, a modular desalination plant, and power generators have already been ordered. Remaining equipment will be purchased over the coming months in line with the project schedule.

Market Development and Initial Deliveries

Pacific Lime and Cement has begun making small-scale quicklime deliveries from its newly established Western Australia logistics hub. Products are being supplied to gold miners and other industrial customers in WA, building a market presence ahead of the company’s own production.

In PNG, PLC is engaging with mining companies, industrial firms, and government agencies that currently rely on imported lime. Several letters of intent for future supply have been signed, underpinning a significant portion of Stage 1 production. The company is also exploring opportunities in regional markets across Australia and Southeast Asia.

Orokolo Bay Industrial Sands Project

While the company’s focus remains on the Central Lime and Central Cement Projects, the Orokolo Bay Industrial Sands Project (OBP) continues as a non-core initiative. The OBP is targeting production of up to 500,000 tonnes per year of high-grade magnetite from 2026, with potential to expand into critical minerals such as vanadium, titanium, and zircon.

Pacific Lime and Cement has partnered with Pacific Unison Holdings to support early-stage construction and development at OBP. While progress has been slower than initially planned, the company continues to monitor developments closely and maintain its oversight. The OBP’s broader mineral sands portfolio presents opportunities for downstream processing and partnerships in the future, complementing the company’s flagship lime and cement projects.

Renewable Energy Initiatives

Sustainability remains a key focus for PLC. Mayur Renewables, a subsidiary, advanced early-stage feasibility studies for a solar photovoltaic (PV) and battery energy storage system (BESS) designed to power the Central Lime Project and surrounding facilities. The system will provide off-grid electricity, enhance reliability, reduce emissions, and support the wider Special Economic Zone vision for sustainable industrial development.

The studies have focused on energy requirements, preliminary sizing, and conceptual design for internal distribution. The project is expected to allow surplus energy sharing across SEZ facilities, although initial phases do not include connection to the national grid.

Corporate Updates

In July 2025, the company rebranded from Mayur Resources Limited to Pacific Lime and Cement Limited to reflect its transition from a resource developer to an integrated supplier of building and industrial materials. The rebrand will support marketing efforts and strengthen customer relationships across PNG and the Asia-Pacific region.

PLC also holds a 16.6% interest in Adyton Resources Corporation (TSXV: ADY), which continues exploration and drilling activities on Fergusson and Feni Islands. At Feni, drilling has focused on expanding a 1.46-million-ounce gold resource and exploring previously untested high-potential copper-gold zones. Adyton’s projects are fully funded through a joint venture arrangement with EVIH.

Financial Position

As of 30 September 2025, PLC held cash reserves of A$70.578 million. During the quarter, the company spent A$9.925 million on exploration and development, primarily supporting construction and infrastructure works for the Central Lime Project. A further A$0.371 million was paid to directors as remuneration.

The company was also included in the All-Ordinaries Index of the Australian Securities Exchange in September 2025, following the S&P Dow Jones quarterly rebalance. This reflects PLC’s standing as one of the few remaining building materials companies listed on the ASX.

Looking Ahead

Pacific Lime and Cement remains focused on delivering the Central Lime Project on time and on budget while expanding its market presence in PNG and the wider Asia-Pacific region. With construction progressing, first deliveries of quicklime underway, and renewable energy initiatives advancing, PLC is well positioned to become a sustainable, vertically integrated producer of lime and cement, supporting infrastructure and industrial development in the region.

Geopacific Resources Ltd has reported further strong gold results from its ongoing drilling campaign at the Woodlark Gold Project in Papua New Guinea, highlighting continued potential to expand its current 1.67 million-ounce resource.

The latest results confirm multiple high-grade zones at the Great Northern and Kulumadau deposits, as well as a promising new discovery at the Kamwak exploration prospect.

At the Great Northern deposit, several drill holes returned significant gold intercepts, including 5 metres at 2.16 grams per tonne from 185 metres, 6 metres at 2.43 g/t from 208 metres, and 9 metres at 3.88 g/t from 145 metres. Mineralisation in the area remains open at depth, with further assays expected in the coming weeks.

Drilling at the Kulumadau deposit also yielded encouraging results. A deep geotechnical hole intersected 20 metres at 2.09 g/t gold from 281 metres, below the current pit design, suggesting potential for additional resource growth. High-grade intercepts of 1 metre at 13.3 g/t and 1 metre at 13.6 g/t gold were also recorded. The main lode at Kulumadau remains open to the south, and four more drill holes are planned to test extensions of the resource.

Meanwhile, at the Kamwak prospect, a new high-grade interval of 2 metres at 8.67 g/t gold was recorded from 86 metres. Kamwak lies adjacent to the 711,000-ounce Kulumadau deposit and is considered a potential new discovery. Diamond drilling is underway to build a geological model to support follow-up drilling.

Geopacific CEO James Fox said: “These results continue to reinforce the significant exploration and growth potential that remains at Woodlark. Our drill campaign is systematically testing extensions to the existing resource areas while advancing multiple new targets. With consistent results across several deposits and more assays due shortly, we are confident of delivering further resource growth beyond the current 1.67 million-ounce base.”

The current drilling program at Woodlark is divided into three main areas: resource development, exploration targets, and potential new mineral resources. To date, 37 reverse circulation and diamond holes covering nearly 4,865 metres have been completed, with additional drilling planned over the next 2–3 months at Little MacKenzie and Wayai Creek.

Exploration at these areas follows promising surface sampling, trenching, and previous drilling, aiming to confirm near-surface mineralisation and expand the existing resource base. The campaign is expected to provide detailed geological data to inform updated resource models and support further growth of the Woodlark Gold Project.

The Eda Davara Marine Sanctuary has successfully hosted its first-ever EcoExplorers Debate, a youth-led initiative that brought together students from three Motuan communities to promote environmental awareness and traditional knowledge preservation.

Held this year in Barakau village, the debate marked a major milestone for the organisation’s EcoExplorers Program — an educational initiative launched to empower local youth as future leaders in environmental stewardship.

The event featured four teams from Tubusereia Junior High School, GabaGaba Primary School, and Barakau Primary School, with GabaGaba Primary providing two teams. The debates focused on pressing topics such as marine protected areas, mangrove species, seawalls and manmade infrastructure, and seagrass ecosystems.

The judging panel comprised communication specialist Bryan Earles, national environmental conservation advocate Vinzhealar Nen, distinguished academic Professor John Genolagani, and Lisa Bun, policy officer from the Conservation and Environment Protection Authority (CEPA).

Following an engaging series of debates, GabaGaba Primary School emerged as the first Eda Davara EcoExplorers Debate Champions for 2025. Awards were also presented for best speakers and individual participation.

The debate was made possible through a grant from the Young Pacific Leaders program and the support of the Government of the United States of America, with Deloitte Papua New Guinea also joining as a local sponsor.

In his closing remarks, Hiri-Koiari District Member Hon. Keith Iduhu commended the youth-led initiative and pledged K50,000 in funding to help expand the program across more Motuan villages in Central Province.

“This support will allow Eda Davara to continue the work and impact that it has through its projects,” Hon. Iduhu said.

Established in 2023, the Eda Davara Marine Sanctuary is a youth-led and run organisation based in Barakau village. It focuses on youth development, environmental conservation, and the preservation of traditional Motuan knowledge.

The EcoExplorers Program was introduced to educate primary school students on marine ecosystems and their cultural significance. After a successful pilot in 2025, Eda Davara now aims to roll out the program to Grades 7 and 8 across the Hiri-Koiari District, with a goal of reaching more than 1,000 students by 2026.

The organisation operates entirely through volunteers who balance full-time jobs with their passion for environmental work. Its teams cover Administration, Law and Policy, Science, Community Projects, Monitoring and Evaluation, and Marketing, and include student interns from the University of Papua New Guinea, Institute of Business Studies University, and Pacific Adventist University.

Community members and supporters interested in partnering with or sponsoring Eda Davara’s initiatives may contact the team at edadavara@gmail.com.

St Barbara Ltd is pressing ahead with its Simberi Expansion Project in Papua New Guinea, reporting progress across exploration, early works, and mine development, even as some operational challenges remain.

The company’s Simberi operations on Simberi Island produced 11,158 ounces of gold in the first quarter of FY26 at an all-in sustaining cost of A$4,487 per ounce. Production fell slightly below forecast, largely due to maintenance issues and limited availability of the contractor mine fleet.

St Barbara Managing Director and CEO Andrew Strelein said the truck fleet situation was improving. “By early October, the Volvo A60 truck fleet had increased to ten units from four, and the contract truck fleet availability finally improved. Total mining movement is on track to meet October budget and forecasts,” he said.

Expansion Project on Track

The Feasibility Study for the Simberi Expansion Project, which aims to mine multiple open pits containing 2.6 million ounces of oxide and sulphide ore over a 13-year life, is scheduled for completion in the second quarter of FY26. The Pre-Feasibility Study for the 15 Mile Processing Hub is expected in the third quarter.

However, a Final Investment Decision (FID) is now anticipated in Q3 FY26, delayed due to outstanding matters relating to amended tax assessments. While funding proposals are pending, early works continue, including:

• Expansion of the mine camp, with 140 new beds completed and another 60 underway.

• Procurement of a new 5.8MW ball mill, expected to ship in January 2026.

• Geotechnical drilling and test pitting for a new haul road to replace the existing aerial rope conveyor.

• Installation of a reverse osmosis water treatment plant to improve plant efficiency and reliability.

Other infrastructure upgrades include a planned wharf to accommodate larger ships, with contract execution expected in Q3 FY26. Power station expansion from 7MW to 19MW is also required before the new grinding circuit can be commissioned, which is scheduled for Q3 FY27.

Mine Lease Extension Secured

The Papua New Guinea Mining Advisory Committee recommended extending the Simberi Mining Lease 136 until 2038. The recommendation was forwarded to the Mining Minister for review in September 2025.

Exploration and Resource Drilling

Exploration activities at Simberi and surrounding islands continue, with both resource definition and sterilisation drilling advancing. The FY25 program completed 61 holes totalling more than 10,400 metres, while follow-up drilling in Q1 FY26 included 12 additional holes.

Recent drilling highlights include:

• Pigibo North: SDH607 – 35 metres at 1.2 g/t gold from 1 metre.

• Pigiput-Sorowar Northeast Trend: SDH669 – 31 metres at 3.1 g/t gold from 2 metres, including 13 metres at 5.8 g/t from 15 metres.

• Darum waste rock dump: SDH685 – 9 metres at 10.8 g/t gold from 55 metres, including 6 metres at 15.7 g/t from 57 metres.

Surface sampling and trenching on Tatau Island also revealed promising gold anomalies. The Mt Siro area returned high-grade results, including 26 metres at 1.0 g/t and 16 metres at 2.0 g/t gold in trenching, and 9 metres at 2.9 g/t in drilling, including 2 metres at 11.4 g/t gold. Further drilling and soil sampling are planned for FY26.

Next Steps

St Barbara plans to complete the Feasibility Study, continue early works and pre-expansion projects, and ensure compliance with environmental permits, including waste rock dump designs, water management plans, and mine closure plans.

If completed on schedule, the new ball mill will enable higher processing rates by Q3 FY27, with sulphide ore processing expected to begin in H2 FY28. The flotation circuit and first gold concentrate production are anticipated at the start of FY29.

The company is moving steadily toward expanding production and securing the long-term future of its Simberi operations, while maintaining a focus on environmental compliance and sustainable development.

The PNG Chamber of Resources & Energy (PNG CORE) congratulates the recently appointed board of the National Petroleum Authority (NPA).

The establishment of the board represents a significant milestone in strengthening governance, accountability, and performance within Papua New Guinea’s petroleum regulatory sector.

PNG CORE’s Executive Director, Philip Samar, commended the new leadership team led by Chairman Hubert Namani, Deputy Chairman Dairi Vele, and esteemed members Robert Nilkare and Kedi Illimbit. Ex-officio members include David Manau, Acting Managing Director of the NPA; Andrew Oaeke, Secretary for Treasury; and Daniel Rolpagarea, State Solicitor.

Samar further praised the leadership of the Minister for Petroleum, Jimmy Maladina, stating that the board will provide the strategic governance, transparency, and oversight essential to the effective operation of the authority regulating an industry that contributes immensely to the national economy.

“We congratulate Chairman Hubert Namani, Deputy Chairman Dairi Vele, and all appointed members. Their combined experience, technical expertise, and balanced representation from both public and private sectors for the NPA, industry, and all stakeholders—particularly given the Authority is at a transition stage from a department while simultaneously leading consultations on petroleum sector fiscal reforms—will be invaluable,” Samar said.

Samar also encouraged other regulatory authorities to follow the NPA’s lead and, as required by law, establish their respective boards expeditiously. This fundamental process will elevate accountability, bolster investor confidence, and ultimately deliver optimal outcomes for Papua New Guinea.

PNG CORE stands ready to support the NPA and its newly appointed board in fulfilling its mandate, ensuring that the petroleum sector remains a vital pillar of Papua New Guinea’s economic and social development.

Patient care at Kundiawa Hospital’s Specialist Doctors Consultation Clinic and Diagnostic Centre has been boosted with the arrival of a mobile ultrasound scanner.

BSP Kundiawa Branch recently presented the scanner to the hospital, enabling easier screening and increased access for patients with special needs as well as those from remote communities.

The 2025 Community Project initiative, led by BSP Kundiawa staff, also involved the construction of a nursing station and the improvement of the patient waiting area, including the donation of chairs to provide seating for patients awaiting consultations.

BSP Kundiawa Branch Manager Rita Singut said the project is a testament to the bank’s commitment to community well-being.

“We are proud to support the hospital in its mission to deliver quality healthcare. Seeing the smiles on patients’ faces and knowing we’ve made their experience more comfortable is incredibly rewarding,” Singut said.

The handover ceremony was officiated by BSP Board Chairman Robert Bradshaw and witnessed by key hospital leaders, including CEO Dr. Ken Kassi, who expressed deep appreciation for the donation.

“This contribution from BSP is more than just equipment and infrastructure — it’s a lifeline for many of our patients. The mobile ultrasound scanner will revolutionize how we reach and treat patients in remote areas. We thank BSP for their generosity and vision,” Dr. Kassi said.

The event was attended by hospital board members, specialist doctors, staff, patients, and community representatives. The initiative has already made a positive impact, with feedback from patients and guardians highlighting improved comfort and access to care.

BSP continues to invest in meaningful community projects across Papua New Guinea, strengthening its role as a responsible corporate citizen and trusted partner in development.

Great Pacific Gold Corp. has reported strong results from drilling at its Wild Dog Project on New Britain Island in Papua New Guinea. The project is focused on the Sinivit area, part of a 15-kilometre-long gold and copper corridor.

Drill hole WDG-12 found two promising zones:

• The first zone measured 5.9 metres of 14.38 grams per tonne gold equivalent (AuEq), including a smaller section of 2.5 metres at 32 g/t AuEq.
• The second zone measured 5.8 metres at 6.15 g/t AuEq, including 3 metres at 10.9 g/t AuEq.

“These results show that the Sinivit target continues to deliver high-grade gold and copper,” said Greg McCunn, CEO of Great Pacific Gold. “Holes WDG-08, 12 and 13 define a strong high-grade area within the Sinivit structure, with WDG-14 currently in progress.”

More Drilling Coming

A second drill rig has been shipped to the site, and new camp facilities are being built for the expanded crew. Drilling with the second rig is expected to start in December 2025.

“The second drill rig will allow us to test deeper areas at Sinivit and explore other promising targets identified in recent surveys,” McCunn added.

About the Drilling

The drilling found gold and copper in veins and breccia, rocks that have been broken and cemented by mineral-rich fluids over time. The upper zone has strong quartz and sulphide veins, while the lower zone may represent a deeper, hotter area where metals collected. These features suggest the area has had multiple episodes of mineral-rich fluid flow, producing high-grade gold and copper.

LiDAR Survey Helps Planning

A recent high-precision LiDAR survey mapped the Wild Dog district in detail, helping the team plan where to drill next and design infrastructure. The data is being analysed to locate faults, veins, and other features that may contain more gold and copper.

Project Overview

Wild Dog is Great Pacific Gold’s main project, with a 15-kilometre gold and copper corridor that could extend over 1,000 metres deep. Previous drilling has already found high-grade gold, including 8.4 metres at 50 g/t AuEq at hole WDG-08.

The company also has projects at Kesar, Arau, and Tinga Valley in Papua New Guinea. Some of these are next to K92 Mining’s properties and show similar potential for gold and copper.

Next Steps

The Phase 1 drilling program will continue into early 2026. The arrival of the second drill rig will allow the company to explore deeper and faster, aiming to find more high-grade gold and copper in the Wild Dog area.

K92 Mining Inc. has reported strong financial and operational results for the third quarter of 2025, with record cash balances, revenue, operating income, and production.

John Lewins, K92 Chief Executive Officer, said that the third quarter was highly successful, marked by the successful construction of the new 1.2 million tonnes-per-annum Stage 3 Process Plant under budget, multiple financial records, strong operational results and the advancement of several projects to set the Company up for success in the near and long-term.

“We are pleased to report that after quarter-end, the positive operational momentum has continued, with numerous milestones achieved,” Lewins said.

The executive said that commissioning of the plant is progressing well, first production of commercial grade concentrate from the new Stage 3 Process Plant occurred in October and practical completion of commissioning is expected shortly.

Underground mining rates have also taken a notable step forward as key-enabler projects have come online, he added.

Production Performance

K92 achieved a robust quarterly production of 44,323 ounces gold equivalent (AuEq), including 42,244 ounces of gold, 1,323,538 pounds of copper, and 34,831 ounces of silver. The company remains on track to meet its 2025 production guidance of 160,000–185,000 ounces AuEq, with over 80% of the lower-end target already achieved in the first three quarters.

The company also reported a commissioning stockpile of 4,893 ounces AuEq, in line with Stage 3 Expansion requirements. Cash costs stood at US$694 per ounce of gold, with all-in sustaining costs of US$1,254 per ounce. Metallurgical recoveries were strong at 95.0% for gold and 94.6% for copper.

The process plant has exceeded updated feasibility study recovery targets for six consecutive quarters. Quarterly ore processed reached 137,172 tonnes, with 152,485 tonnes mined. The ore had a head grade of 11.2 g/t AuEq, comprising 10.7 g/t gold, 0.47% copper, and 10.3 g/t silver.

Financial Highlights

K92 recorded a net cash position of US$131.2 million, with total cash and cash equivalents of US$185.4 million. Quarterly revenue rose 45% from Q3 2024 to US$177.5 million, while net income increased 84% to US$85.7 million, or US$0.35 per share.

Operating cash flow (before working capital adjustments) reached US$101.8 million, and EBITDA hit a record US$130.2 million. Sales during the quarter included 45,006 ounces of gold, 1,480,151 pounds of copper, and 43,271 ounces of silver. Gold concentrate and doré inventory stood at 7,913 ounces, down 500 ounces from the previous quarter.

Stage 3 Expansion

Construction of the new 1.2 million tonnes-per-annum Stage 3 Process Plant was completed under budget, a milestone highlighted by the official inauguration on October 16, attended by Prime Minister James Marape, Minister for Mining Rainbo Paita, other ministers, provincial leaders, landowner representatives, and the diplomatic and business community.

“As at September 30, 2025, 90% of Stage 3 Expansion growth capital has either been spent or committed; remains on budget,” the company said. Crushing, grinding, and flotation circuits have been commissioned with ore since September 2025, with first commercial-grade gold-copper-silver concentrate produced in mid-October. Full commissioning of the plant is expected to complete in November 2025.

Major construction for supporting infrastructure, including the pastefill plant, surface tailings filtration, and surface storage facilities, is underway and progressing on schedule. Key underground development projects, such as the Material Pass, Phase 2 Ventilation Upgrade, and Surface Tele-Remote Loader System, have been completed. Additional projects, including further ventilation upgrades and a second Material Pass, are scheduled for completion in early to mid-2026.

Exploration Updates

K92 reported results from its fifth set of drill holes at the Arakompa project, bringing the total to 67 holes for the year. The drilling confirmed significant porphyry-style mineralisation, extending the bulk tonnage zone over 1,100 metres of strike length to a vertical depth of 800 metres.

Notable drill results include:

• KARDD0065: 690.4 metres at 0.30% copper equivalent (0.17 g/t Au, 0.17% Cu, 2 g/t Ag) starting at 297 metres, including 395.3 metres at 0.38% CuEq.
• KARDD0061: 96.10 metres at 2.64 g/t AuEq (2.48 g/t Au, 4 g/t Ag, 0.07% Cu)
• KARDD0046: 62.20 metres at 1.08 g/t AuEq (0.87 g/t Au, 5 g/t Ag, 0.10% Cu)

Exploration at the Wera prospect revealed a large 3.5 km by 3.5 km mineralised system with high-grade rock chip samples, including up to 26.30 g/t Au. Drilling at Wera is now underway, while Arakompa will deliver a maiden mineral resource estimate in mid-2026.

“Financially, the Company is in the strongest position in our history, with a record $185 million in cash and cash equivalents, including a record net cash position of $131 million, while also continuing to invest heavily in the Stage 3 and 4 Expansions,” he said.

On exploration, Lewins said that consistent progress continues to be made at both near-mine and regional targets. With up to five rigs turning at Arakompa, one rig at Wera, and six rigs focused on expansion at Kora and Judd, K92 is well-positioned to close out another successful year of exploration.

In 2026, Lewins said that K92 plans to expand its exploration programs further, with two new surface diamond drill rigs expected to arrive in early Q1 2026. “We look forward to providing further updates in due course,” he said.

Papua New Guinea Prime Minister James Marape and Brazilian President Luiz Inácio Lula da Silva have called for strengthened collaboration between their nations on climate leadership, forest and ocean conservation, and sustainable development, highlighting the shared responsibilities of forest-rich countries in the Global South. The discussions took place in Belém, Brazil, on the sidelines of COP30, hosted in the Amazon region for the first time.

Strengthening Bilateral Relations

President Lula warmly welcomed Prime Minister Marape and his delegation, describing Brazil’s view of Papua New Guinea as a natural partner in advancing forest protection, renewable energy, and fair trade among developing nations.

He emphasised the environmental importance of both countries, calling them “guardians of the planet’s lungs” and highlighting the need for cooperation in sustainable forest management, biodiversity conservation, and energy transition.

“We live in forests — our people depend on them, and our planet depends on them. Without forests, there is no life and no future for our children,” President Lula said.

He further urged that “Brazil and Papua New Guinea must walk together as leaders of the Global South to show that it is possible to grow economies while protecting nature”.

Prime Minister Marape echoed the sentiment, noting that Papua New Guinea and Brazil — both custodians of vast tropical rainforests — carry the burden of preserving the planet’s vital ecosystems while maintaining minimal carbon footprints.

“As a forest nation and an ocean nation, our carbon footprint is minimal, yet we are the victims of climate change,” he said. “Our forests and oceans carry the weight of the world’s excess carbon, but the benefits have not flowed equitably to our people”.

Proposal for Stronger Diplomatic and Economic Links

President Lula proposed the opening of a Brazilian embassy in Port Moresby to enhance diplomatic engagement, trade, and technical cooperation. He said this initiative would pave the way for collaboration in agriculture, renewable energy, and scientific research.

“It is time we expand our ties beyond climate discussions. We can deepen cooperation in trade, health, education, and energy. Brazil is ready to work with Papua New Guinea on new opportunities that will benefit both our peoples”.

Prime Minister Marape supported the idea, suggesting a reciprocal PNG diplomatic mission in Brazil and inviting Brazilian companies to invest in agriculture and energy sectors in Papua New Guinea. “Your agribusiness strength can support our move toward becoming a food-secure exporting nation,” he said. Both leaders agreed to explore collaborations in tropical agriculture, renewable energy, hydropower, LNG, and other clean technologies.

Renewable Energy and Climate Transition

President Lula highlighted Brazil’s achievements in renewable energy, stating that 87% of Brazil’s electricity matrix is generated from renewable sources, including hydropower, biofuels, and solar energy. Brazil is the world’s second-largest producer of ethanol and a leader in clean energy technology through state-owned company Petrobras. “Brazil has learned to use its oil wealth to finance the energy transition,” he said. “Our goal is to turn Petrobras into a full energy company investing in alternative sources — not just fossil fuels” .

Prime Minister Marape outlined Papua New Guinea’s clean energy ambitions, including expanding hydropower capacity and increasing LNG exports to regional markets.

“We want to be self-sufficient in energy and also support our region with clean hydropower. Our LNG exports to Japan, Korea, and Singapore show that PNG is a reliable energy partner,” he said. The Prime Minister highlighted PNG’s potential to become a regional supplier of clean energy to neighbouring countries, including Australia and Indonesia .

Fighting Hunger and Inequality

President Lula also addressed global food security, stressing the need for cooperation to combat hunger and malnutrition. He referenced Brazil’s Global Alliance Against Hunger and Obesity, launched earlier in the year with over 50 countries, inviting Papua New Guinea to join.

“The world spends trillions on weapons while millions go hungry. We must redirect those resources to food, education, and health — to build a fairer, more humane world,” he said.

Shared Vision for Forest and Ocean Conservation

At COP30, Prime Minister Marape called on world leaders to unite around nature-based solutions, stressing that forests and oceans are “our greatest allies — they preserve the air, regulate the climate, and sustain life on Earth”.

He reaffirmed Papua New Guinea’s commitment to conserving 35 million hectares of pristine rainforest — equivalent to 13% of the world’s tropical forests — alongside vast ocean ecosystems home to 7% of global biodiversity.

“Our forests, oceans, and biodiversity sustain all life on Earth — and without them, we have no future,” Prime Minister Marape said.

He emphasised the need for global climate finance that values standing forests and supports forest and ocean nations.

“Our forests deserve proper conservation financing. Nature-based technologies must begin by valuing standing forests — not just harvested timber. One hectare of conserved forest can save the world far more than any industrial offset,” he said.

Climate Finance and Equity

Prime Minister Marape urged developed nations to honour their Paris Agreement commitments and channel financing into nature-based solutions. He highlighted jurisdictional REDD+ and carbon market systems under Articles 5 and 6 of the Paris Agreement as mechanisms to deliver equitable climate finance for forest nations.

“For six years as Prime Minister, I have been saying: stop deforestation. Bring real conservation that sustains livelihoods and protects humanity. If this generation of leaders fails to find real financing solutions for forest nations, history will judge us harshly”.

The leaders welcomed the Baku–Belém Roadmap, a COP29–COP30 initiative to mobilise US$1.3 trillion annually by 2035 for developing nations. The framework’s Five Action Fronts — Replenishing, Rebalancing, Rechanneling, Revamping, and Reshaping — aim to unlock climate finance while reforming global financial architecture.

Deepening Strategic Partnerships

During their bilateral discussions, Marape and Lula agreed to strengthen cooperation across climate action, food security, clean energy, and sustainable development.

President Lula proposed sending Brazil’s Minister of Economy to Papua New Guinea for consultations with PNG’s economic team, signalling Brazil’s intention to build a comprehensive partnership in energy, agribusiness, and technology.

Prime Minister Marape described the partnership as part of a broader Pacific-to-Amazon diplomacy strategy, linking the Pacific’s forest and ocean nations with Latin America’s environmental and agricultural powers.

“We are connecting the Pacific and the Amazon — two of the world’s great forest regions — in a common cause for climate and sustainable growth,” he said.

A Voice for the Global South

Both leaders underscored their role as advocates for the Global South, calling for climate justice and fair recognition of environmental services provided by forest nations.

“Forest nations are doing their part, but the rewards and recognition have not come,” Prime Minister Marape said. “Papua New Guinea stands with Brazil and the forest economies of the world to ensure that climate justice becomes real. It must not just be a slogan — it must be lived reality for our people”.

Marape recalled following Brazil’s hosting of the first Earth Summit in Rio de Janeiro as a student in 1992 and described his return as Prime Minister as deeply meaningful.  “It is deeply meaningful to be here where it all began, continuing the same message: let us save our forests, protect our oceans, and pass on a healthier world to our children”

Looking Ahead

Prime Minister Marape said Papua New Guinea will dispatch its Minister for Trade and Investment to Brazil to establish a formal bilateral framework and plan sectoral exchanges in agriculture, renewable energy, and climate technology.

Both nations aim to create tangible results from their partnership, demonstrating that forest and ocean nations can lead the fight against climate change while promoting sustainable economic growth.

Prime Minister James Marape of Papua New Guinea has called on world leaders to “act now and act responsibly” to save the planet, urging nations to honour their commitments under the Paris Agreement and embrace nature-based solutions as the foundation of global climate action.

Speaking at the World Leaders Climate Action Summit during COP30 in Belém, Prime Minister Marape said that for Papua New Guinea, “climate adaptation and mitigation is not a choice — it is a matter of survival”. His remarks positioned PNG as a global advocate for forest and ocean nations and highlighted the existential stakes for small island and forest-rich states.

Nature-Based Solutions at the Heart of Climate Action

PM Marape reaffirmed Papua New Guinea’s leadership in advancing Articles 5 and 6 of the Paris Agreement, recognising the critical role of forests and carbon markets in addressing climate change.

“Forests and oceans offer nature-based solutions and technologies to replenish Mother Earth,” he said. “Papua New Guinea safeguards 35 million hectares of pristine rainforest — the lungs of the Earth — and we offer this as our contribution and legacy to humanity”.

“This shows that even a small forest nation like Papua New Guinea can drive global impact,” he added, reinforcing PNG’s moral authority as a custodian of one of the world’s largest remaining tropical rainforests.

Forests and Oceans: The Twin Pillars of Survival

PM Marape emphasised that forest nations and ocean states like PNG bear the greatest brunt of climate change despite contributing the least to global emissions. “Saving the forest saves the Earth,” he said, citing WTO Director-General Dr Ngozi Okonjo-Iweala, who described the world’s rainforests as “atmospheric rivers that water the planet”.

He reaffirmed PNG’s commitment to ocean conservation, announcing the country’s intention to protect 30% of its ocean area from illegal and commercial exploitation, in line with the 30×30 initiative discussed at COP30.

“With 7% of the world’s biodiversity in our land and waters, the sustainable use of our oceans and forests is vital to saving this planet,” he said.

Global Partnerships and Indigenous Leadership

Prime Minister Marape acknowledged the support of the United Nations, the Green Climate Fund, France, Australia, the Coalition for Rainforest Nations, and the World Agroforestry Centre (ICRAF) in advancing PNG’s conservation agenda.

He also paid tribute to His Majesty King Charles III, President Xi Jinping, and UN Secretary-General António Guterres for their global leadership on forest and biodiversity protection. “Without saving our forests, trees, and oceans, the climate change conversation is redundant,” PM Marape said. “Technology is important, but without nature-based solutions, it cannot succeed”.

Solidarity Through Nature-Based Solutions

At a thematic session on “Climate and Nature: Forests and Oceans”, PM Marape emphasised that PNG, home to over 35 million hectares of tropical rainforest and vast marine resources, stands ready to contribute to global environmental preservation efforts.

“We must find solidarity in nature-based solutions to solve climate change,” he said. “Forests and oceans are our greatest allies — they preserve the air, regulate the climate, and sustain all life on Earth”.

The Prime Minister urged the global community not only to protect these ecosystems but to harness their power for sustainable development and carbon mitigation. “Papua New Guinea remains committed to preserving its forests and ocean resources. We have stepped up efforts to preserve our terrestrial and marine ecosystems as part of our contribution to the Paris Agreement and our shared planetary responsibility”.

He commended Brazil for hosting COP30 and championing forest-nation cooperation, noting that PNG and Brazil share a common destiny as custodians of the world’s largest tropical forest systems. “It is appropriate that we meet here in Belém — a city at the heart of the Amazon. Under President Lula’s leadership, we have seen great progress, including a 50 per cent reduction in deforestation in Brazil. This is an inspiration for all forest nations”.

PM Marape concluded by calling on the private sector and global partners to step up investments in nature-based climate solutions. “Let us unite around the forests and the oceans as two major solutions for a sustainable and liveable planet. Together, we can preserve the air, the land, and the seas — the lifeblood of our shared Earth”.

COP30’s Focus on Implementation and Climate Finance

COP30 highlighted the central role of forests and oceans in climate action, featuring initiatives such as the Tropical Forest Forever Facility (TFFF), strategies for protecting coastal and marine areas, and a drive to move from pledges to tangible, scalable implementation (Article 2).

Key initiatives included:

• Tropical Forests: Launch and mobilisation of the TFFF for long-term, results-based financing of tropical forest conservation.
• Oceans: Elevating oceans’ role, including the 30×30 initiative to protect 30% of marine areas by 2030.
• Connecting Forests and Oceans: Recognising the interdependence of these ecosystems in achieving global mitigation goals.
• From Promises to Action: Encouraging scalable, equitable solutions to ensure a just transition.
• Climate Finance: Highlighting the need for innovative, accessible financing, particularly in regions like Latin America, with outcomes including the Baku–Belém Roadmap (Article 2).

Urging Global Climate Finance for Forest Nations

At the Thematic Session on “10 Years of the Paris Agreement: NDCs and Financing”, PM Marape called for stronger global financing mechanisms to support forest and ocean nations. He stressed that tropical countries like PNG, Brazil, and the Democratic Republic of the Congo are “carrying the weight of the planet’s survival”.

“Forests and ocean nations are carrying the burden of the entire planet’s atmospheric balance,” he said. “The Amazon Basin, the Congo Basin, and the tropical forests of Papua New Guinea and Southeast Asia together form the lungs of the Earth. Conserving them is the greatest mitigation effort we can make to save humanity itself”.

He reflected on his journey, stating: “When I first began this journey, I thought I was fighting to save our forests. Now I realise I am fighting to save humanity. Our forests, oceans, and biodiversity sustain all life on Earth — and without them, we have no future”.

“There is no planet like Earth. Mars and Mercury are unlivable. Here, rivers, trees, mountains, and oceans sustain life. That is worth fighting for”.

Call for Nature-Based Climate Finance and Equity

PM Marape urged industrialised nations and multilateral partners to channel financing into nature-based solutions that value standing forests over exploitation.

“Our forests deserve proper conservation financing. Nature-based technologies must begin by valuing standing forests — not just harvested timber. One hectare of conserved forest can save the world far more than any industrial offset” (Article 3).

He called for a new era of equitable climate finance recognising forest nations’ contributions through jurisdictional REDD+ and carbon market systems under Articles 5 and 6 of the Paris Agreement.

European Commission President Ursula von der Leyen endorsed these approaches, highlighting carbon pricing as a powerful tool to drive emissions reduction and sustainable development.

Papua New Guinea’s Leadership and Partnerships

PM Marape reaffirmed PNG’s commitment to halting large-scale deforestation, restoring degraded lands, and supporting sustainable community development. “For six years as Prime Minister, I have been saying: stop deforestation. Bring real conservation that sustains livelihoods and protects humanity. If this generation of leaders fails to find real financing solutions for forest nations, history will judge us harshly”.

He highlighted PNG’s readiness to collaborate with global partners to operationalise long-term climate financing solutions and advance forest-nation diplomacy.

Strengthening Global Leadership and Climate Justice

Throughout COP30, PM Marape emphasised that forest and ocean nations are shouldering the planet’s survival. He commended UN Secretary-General António Guterres for his address, calling it “a moral compass for world leaders to act decisively in this decade of truth”.

“The 1.5°C limit is not a political target; it is a red line for humanity,” PM Marape said. He endorsed the call for a paradigm shift in global climate action, urging fossil fuel phase-outs, accelerated renewable energy transitions, and protection of tropical forests and oceans — the planet’s natural carbon sinks.

“Papua New Guinea stands shoulder to shoulder with the United Nations and forest nations like Brazil in protecting the lungs of the Earth. Our forests and our oceans are the greatest natural assets we can offer the world — and we must ensure that their preservation is matched with fair and equitable climate finance”.

Deepening PNG–Brazil Strategic Partnership

On the sidelines of COP30, PM Marape held bilateral discussions with Brazilian President Luiz Inácio Lula da Silva to strengthen cooperation in climate action, food security, and clean energy. President Lula praised PNG as a natural partner, describing both countries as “forest and ocean-rich countries with shared responsibilities in protecting the planet’s lungs”.

PM Marape stressed that despite their minimal carbon footprints, both nations are shouldering the global climate burden. “Our forests and oceans carry the world’s excess carbon, yet our people have not shared in the benefits of global carbon wealth”.

The two leaders agreed to:

• Establish diplomatic missions in each other’s capitals.
• Collaborate on tropical agriculture, renewable energy, and biodiversity conservation.
• Explore partnerships in hydropower, LNG, and clean energy technologies.

PM Marape also proposed Pacific-to-Amazon diplomacy, linking Pacific forest and ocean nations with Latin America’s environmental and agricultural powers. “We are connecting the Pacific and the Amazon — two of the world’s great forest regions — in a common cause for climate and sustainable growth” (Article 4).

He invited Brazilian companies to invest in PNG’s agriculture and energy sectors, noting that “Brazil’s agribusiness success can inspire PNG’s transformation into a food-secure exporting nation”.

Advocating for Climate Finance and Fairness

At the Leaders’ Thematic Session on NDCs and Financing, PM Marape called for an overhaul of global climate financing to reward conservation over deforestation.

“Our forests deserve proper conservation financing. Nature-based technologies must begin by valuing standing forests — not just harvested timber. One hectare of conserved forest can save the world far more than any industrial offset”.

He welcomed the Baku–Belém Roadmap, an initiative to mobilise US$1.3 trillion annually by 2035 for developing nations, calling it “a major step forward for climate justice, equity, and shared responsibility under the Paris Agreement”.

PM Marape endorsed the Roadmap’s Five Action Fronts (5Rs) — Replenishing, Rebalancing, Rechanneling, Revamping, and Reshaping — as a credible framework to unlock climate finance and reform global financial systems.

Papua New Guinea’s Global Standing

PM Marape’s leadership at COP30 demonstrated PNG’s rising influence as a bridge between the Pacific, ASEAN, and Latin America — regions united by natural capital and shared aspirations for sustainable development. He reaffirmed PNG’s commitment to halt unregulated deforestation, restore degraded lands, and protect 30% of its ocean area from illegal and commercial exploitation.

Under the Earth3 Platform, PNG is developing high-quality jurisdictional REDD+ credits to generate sustainable revenue while safeguarding ecosystems and supporting community livelihoods.

“For six years as Prime Minister, I have been saying: stop deforestation. Bring real conservation that sustains livelihoods and protects humanity. If this generation of leaders fails to find real financing solutions for forest nations, history will judge us harshly”.

He closed his week-long programme in Belém with an impassioned reminder: “There is no planet like Earth — rivers, trees, mountains, and oceans sustain life. Mars and Mercury are unlivable. This planet is worth fighting for. Let us save it together”.

The International Education Agency (IEA) is celebrating its recent successes with its ongoing commitment to education in Papua New Guinea.

The organisation is preparing for its fiftieth anniversary in 2026, which is being marked with new infrastructure and digital innovations for the IEA’s eighteen private education institutions in PNG.

Founded in 1976, the International Education Agency took responsibility for a number of government schools to be run as self-sufficient institutions. Today, the IEA operates 18 schools and vocational colleges across the country.

IEA Board Chair, Marisa Howden, is proud of the work the organisation has achieved in recent years.

“The IEA board is dedicated to delivering the best quality education in PNG,” says Ms Howden. “We have committed more than K80 million in capital works across the country. This will ensure our schools have safe and conducive learning environments that meet the needs of all learners.”

“We are preparing to launch our new internationally accredited curriculum in 2026, with a big focus being put on STEM and technology. Our teachers are continuously undergoing training, and our students are thriving across all grade levels, from ELC to TAFE.”

“Our board continues to ensure the organisation is governed appropriately. Key achievements are the near repayment of the loan debt inherited from previous administrations, whilst self-funding our capital works program,” she said.

IEA CEO Neal Mather agrees, stating that, “the IEA is moving into a new era of operations with the deployment of a ‘wise range’ of digital and online solutions to bring about greater efficiency in all areas of our work.”

Mr Mather is pleased to add that in 2026, “parents will have access to the new CIVICA Daymap portal, a one-stop shop enabling parents to engage directly with their child’s learning. Daymap is widely used in Australian schools, and next year the IEA will be the first organisation to adopt the suite of CIVICA education solutions outside of Australia.”

“The IEA is proud of its significant investment in technology and Internet access across all our schools and colleges. These advancements are designed to enhance the updated curriculum and will support teachers and students in IEA schools across the country. “

“We are very committed to our future-focussed initiatives that will enhance and improve efficiency and engagement for our staff and clients. We look forward to sharing more about our success as a PNG-owned education provider as part of IEA’s 50th Anniversary in 2026.”

Ok Tedi Mining Limited (Ok Tedi) is pleased to announce that the Government of Papua New Guinea has officially granted a two-year extension to Exploration Licence EL 1747 for the Misima Deposit in Milne Bay Province, held by its wholly owned subsidiary, Misima Minerals Limited.

The approval and granting of the licence extension marks a critical milestone for the Misima project and for Ok Tedi, following the company’s acquisition of the project earlier this year.

The granting of EL 1747 resolves the final regulatory requirement and allows Ok Tedi to proceed with planned exploration, development, and community engagement activities at the Misima Deposit.

As a PNG-based and PNG-owned company, Ok Tedi’s acquisition and development of the Misima Deposit is particularly significant. It demonstrates the ability of local companies to lead resource development, generate economic opportunities for Papua New Guinea, create employment for local communities, and contribute to sustainable national development.

Ok Tedi Mining Limited Managing Director and Chief Executive Officer Kedi Ilimbit said that the granting of the licence represents a significant step forward in unlocking the resource potential of the project, advancing economic opportunities, and supporting sustainable mining in the country.

"We are delighted to have received the licence extension from the government, enabling us to move forward with our plans for Misima. This achievement reflects OTML’s ongoing commitment to responsible resource development and sustainable engagement with local communities,” Ilimbit said.

Ilimbit added that Ok Tedi remains committed to working closely with stakeholders, including government authorities, landowners, and communities, to ensure that exploration and development activities are conducted safely, sustainably, and in line with national and international best practice.

Ok Tedi Mining Limited (OTML) is a majority state-owned entity that operates an open-pit copper, gold, and silver mine located in the Star Mountains of Western Province, Papua New Guinea. The company ships copper concentrate to smelters and ore refineries in Japan, the Philippines, Indonesia, South Korea, India, and Germany.

Operating in the region for over 40 years, OTML has made a significant contribution to development in Western Province through direct and indirect employment, royalties, compensation payments, and business opportunities. Ok Tedi is now expanding its operations to Milne Bay Province through the acquisition of Gallipoli Exploration Limited, a wholly owned subsidiary of Australian mining company Kingston Resources Limited, for the Misima Mine.

The Pacific Tourism Organisation (SPTO), through its Pacific Tourism Data Initiative (PTDI) and in close collaboration with the Papua New Guinea Tourism Promotion Authority (TPA), has released the Papua New Guinea International Visitor Survey (IVS) for the period January–June 2025. This report provides critical insights into the travel motivations, expenditure patterns, and satisfaction levels of international visitors to Papua New Guinea (PNG), supporting ongoing efforts to strengthen the country’s tourism strategies and enhance the visitor experience.

PNG is among 10 Pacific Island countries — the Cook Islands, Niue, Vanuatu, Tonga, Solomon Islands, Samoa, Kiribati, Timor-Leste, and FSM-Yap — participating in the Pacific Tourism Data Initiative funded by the New Zealand Government. PTDI continues to serve as an essential resource for tourism data across the Pacific through its biannual International Visitor Survey (IVS), an annual Business Confidence Index (BCI), and an annual Community Attitude Survey (CAS), strengthening regional tourism strategies.

The survey analysed 1,415 responses, representing 3% of total visitors during the period, with a 22% response rate. Key findings revealed that 46% of respondents were first-time visitors, with an average household income of USD 60,000–79,999. International visitor arrivals increased to 53,379, up from 48,622 in the same period in 2024, reflecting sustained recovery driven by targeted marketing, improved air connectivity, and government-led initiatives to raise PNG’s tourism profile.

Visitors were primarily drawn by PNG’s natural landscapes, cultural diversity, and business opportunities, as well as connections with family and friends. Historical and heritage attractions, particularly World War II sites, continued to strengthen PNG’s appeal as a unique cultural and historical destination.

From an economic perspective, the average total spend per visitor was USD 2,278, with 65% (USD 1,552) estimated to directly benefit the local economy. The total economic impact of international tourism for the six months was valued at USD 121 million (PGK 491 million). Although average visitor spending decreased compared to the same period in 2024, the data suggests a shift toward higher prepaid expenditure, indicating evolving traveller purchasing behaviours and a greater reliance on digital booking channels.

Visitor satisfaction remained high at 4 out of 5, with 93% of respondents recommending PNG and 86% indicating willingness to return. Positive feedback focused on the friendliness of local people, cultural diversity, and natural beauty, while areas for improvement included safety, domestic air travel, costs, and infrastructure.

TPA’s Chief Executive Officer, Eric Mossman Uvovo, highlighted the significance of the findings in guiding future tourism development.

“The International Visitor Survey provides valuable insights into the motivations and experiences of our visitors. This information enables us to refine our marketing and product strategies, strengthen partnerships, and deliver a more seamless visitor experience. With robust data, we can position Papua New Guinea as a competitive, culturally rich, and resilient destination in the Pacific,” said Uvovo.

SPTO’s Chief Executive Officer, Christopher Cocker, reaffirmed SPTO’s commitment to advancing regional tourism research and supporting data-driven decision-making. “Through the Pacific Tourism Data Initiative, SPTO continues to empower Pacific Island countries with high-quality data to inform sustainable tourism growth. We commend PNGTPA for its commitment to evidence-based policy and planning. These findings not only support national tourism strategies but also contribute to the region’s collective vision for a sustainable and resilient Pacific tourism sector,” said Cocker.

Papua New Guinea’s premier international investment event, the PNG Investment Week, is set to return to Sydney, Australia, later this year, promising to be the most impactful edition yet under the theme “Stronger Together – Investing for the Future.”

Prime Minister James Marape has been confirmed to attend, alongside senior government and industry leaders from both Papua New Guinea and Australia. Further high-level confirmations are expected in the coming weeks from the Governments of Australia and neighbouring countries, reflecting the spirit of the event’s theme, “Stronger Together.”

Hosted by the Papua New Guinea Chamber of Resources & Energy (PNG CORE), PNG Investment Week 2025 (PNGIW25) is designed to attract global investors and showcase the nation’s resource potential in a world-class setting.

“PNGIW25 is about bringing the best of PNG to the world — so potential investors can hear the good stories, understand how investment success is achieved in PNG, and see how it delivers benefits to all stakeholders,” said PNG CORE President Anthony Smaré.

“We are creating a space where international investors can meet our leaders, landowners, and project operators face to face — to see first-hand that PNG is open, capable, and serious about attracting international investment for responsible development," Smaré said.

Following the success of PNG Resources Week and the PNG CORE Golden Expo held earlier this year in Port Moresby — which attracted over 18,000 visitors to the APEC Haus — PNGIW25 serves as its international counterpart. This upcoming event will focus on global engagement, strategic partnerships, and unlocking new international investment opportunities for PNG’s future, while helping local companies connect with potential international partners.

“We are delighted to confirm Prime Minister Marape’s attendance at PNGIW25,” Mr Smaré added. “His presence, together with that of other key leaders, sends a strong signal that PNG is united in its vision for sustainable and inclusive growth.”

PNGIW25 will feature high-level panels, investor roundtables, and networking events designed to foster long-term partnerships and promote responsible investment in the mining, petroleum, energy, and infrastructure sectors.

PNG CORE invites the global investment community to join us in Sydney and be part of shaping the next chapter of Papua New Guinea’s development story.

Registration, exhibition, and sponsorship opportunities are still available. For more information, please contact events@pngcore.org or call (+675) 207 9080.

The Papua New Guinea Chamber of Resources & Energy (PNG CORE) is the peak industry body representing the mineral resources and energy sectors in Papua New Guinea. Its mission and vision are to create understanding, generate knowledge, and forge relationships that empower Papua New Guinea to capture sustained nation-building benefits from its natural resources.

A cocoa cupping competition in East Sepik, Papua New Guinea, brought nine British specialty buyers and boutique chocolatiers together to taste chocolates made from 39 samples provided by Sepik cocoa producers. Judges and visitors praised the beans’ consistent processing and A-grade export quality, signalling strong international market interest.

The mini-Cocoa Cupping Competition held in Baimuru Village, Yangoru-Saussia District, East Sepik Province, showcased some of the best cocoa Papua New Guinea has to offer. The two-day event attracted nine specialty buyers and chocolatiers from the United Kingdom, along with hundreds of producers, fermentary owners, extension workers, traders, and community members. It was organised by Yekere Cooperative Society Limited with support from the Cocoa Board of PNG, the EU-STREIT PNG Programme, and other local partners.

A panel of four local judges from the Cocoa Board of PNG, Rubio Cocoa Plantation, and Queen Emma Chocolate Company assessed chocolates made from samples submitted by 39 cocoa farmers and groups across the Greater Sepik region. The panel was chaired by Kenny Francis, Sub-Program Leader of the Post-Harvest & Research section under the Cocoa Board of PNG, and included two women and two men.

Explaining the results to participants, Mr. Francis said: “When we were doing the tasting, we really had a difficult time differentiating the quality of the samples, which means your processing is uniform and consistent. That’s a very good indication because there were no major defects in all the samples. You should be proud because nearly all cocoa beans are of A-grade export quality.”

This high assessment was echoed by the British chocolatiers after sampling the chocolates.

Sophie Jewett, of York Cocoa House (UK), shared her appreciation:

“I’m very grateful to the people of Sepik for sharing their cocoa and chocolate with us, and for demonstrating the different techniques employed here. We’ve tasted really good beans, and I would be very pleased as a chocolate maker to work with any of these cocoa beans in our factory in the UK. It’s been a truly amazing experience.”

Similarly, Alex O’Connor from Nutricraft House (UK wholesaler and importer) was impressed by the overall quality: “I was actually very impressed—some were amazing, some were nice, but nothing was bad. Sometimes you hear that chocolate from Papua New Guinea can be smoky, but in all the beans we tasted in this competition, there was no smoke at all. That shows people are improving their drying techniques and understanding how to enhance quality. I’m really looking forward to working with the people of Sepik to bring some Papua New Guinea chocolate to the UK and Europe.”

Rory Payne, from Cocoaloco (British craft chocolate maker), highlighted the importance of connecting producers and consumers: “Our customers have never seen a cocoa tree and most of them don’t know what a cocoa pod is. My job here today is to take your story, your pictures, and your passion back to them.”

Meanwhile, Jacques Cop of CocoaCaravan (UK small-batch chocolate company) spoke about shared values and respect for farmers: “I was born on a farm and know the hard work it takes to grow and harvest crops. We have a chocolate factory in the green rolling hills of the UK, where we work with cocoa farmers from around the world. What they all have in common is a passion for independence and authenticity—values we see here in Sepik. We’d love to add Papua New Guinea’s beautiful cocoa to our collection.”

The visit by international chocolate makers, tasters, and importers was made possible through the International Trade Centre’s United Kingdom Trade Partnership (UKTP) Programme, the Cocoa Board of PNG, and FAO’s EU-STREIT PNG Programme. The UKTP, funded by the UK and implemented by the International Trade Centre (a joint agency of the United Nations and the World Trade Organization), helps small and medium-sized enterprises export their products to the UK.

Ms. Candice Webb Ungerer, UKTP Project Manager for the Pacific, described the event’s success: “The goal of this visit was to create direct partnerships between buyers and producers to facilitate sustainable, long-term trade. I’m so impressed by the hospitality we received—it was truly unprecedented. Having all these cocoa producers together in one place is such an advantage because it gives buyers the opportunity to sample so many different cocoa products.”

This achievement follows a tailored market-readiness training conducted last month for 68 lead cocoa producers and agripreneurs in the Sepik to help them meet high European market requirements. The training was supported by the UKTP, Cocoa Board of PNG, and the EU-STREIT PNG Programme.

The Food and Agriculture Organization of the United Nations (FAO), through the EU-STREIT PNG Programme and its partners, continues to support improved practices, technologies, and quality control measures in the cocoa value chain. These include proper fermentation and drying techniques, which have demonstrably enhanced cocoa quality in the Greater Sepik region—contributing to the exceptional results showcased at this competition.

The event’s success also reflected the power of partnership. Speaking on behalf of EU-STREIT PNG during the official welcome ceremony—highlighted by colourful traditional songs and dances—Dr. Rabi Rasaily, FAO Senior Agricultural Officer, commended Yekere Cooperative Society Limited for initiating the cocoa cupping event.

“They came to our office with the idea and initial capital to host this event, and EU-STREIT PNG and the Cocoa Board came in as co-organisers and co-facilitators. We’re so happy that this coincided with the visit of our partners and buyers.”

Mr. Daryll Worimo, Regional Manager for the Cocoa Board in the Sepik, said the purpose of the mini-cupping event was “to promote premium cocoa quality at the farm level using sustainable practices.” He added that the event, the first of its kind in Papua New Guinea to be mobilised by a cocoa-producing community, serves as a lead-up to the PNG National Cocoa of Excellence and Agri-Trade Show, which will be held in the Greater Sepik region in 2026.

The EU-STREIT PNG Programme is the European Union’s largest grant-funded initiative under the EU Global Gateway Strategy in Papua New Guinea. It is implemented as a United Nations Joint Programme led by FAO in partnership with ILO, ITU, UNCDF, and UNDP.

The Programme aims to boost sustainable, inclusive rural development by enhancing returns and opportunities in the cocoa, vanilla, and fisheries value chains (FAO) and strengthening key enablers such as:

• Digital inclusion (ITU and FAO)
• Digital financial services (UNCDF)
• Sustainable, climate-resilient transport infrastructure (ILO)
• Renewable energy solutions (UNDP and FAO)

The Programme directly benefits the East and West Sepik Provinces.

KTF (Kokoda Track Foundation) is honoured to welcome Her Excellency the Honourable Sam Mostyn AC, Governor-General of the Commonwealth of Australia, as our new Patron.

“I’m delighted to become Patron of the Kokoda Track Foundation. The friendship between Australia and Papua New Guinea is one of deep history and shared purpose — we are neighbours, partners, and friends. I look forward to sharing KTF’s stories about how they have been working hand in hand with communities across PNG to strengthen education, health, equality, and leadership."

The Governor-General’s patronage of KTF’s work to improve lives, livelihoods, and futures in Papua New Guinea reflects the deep and enduring friendship between Australia and our closest neighbour.

“KTF’s approach reflects perfectly the wonderful spirit of partnership between Australia and Papua New Guinea, because partnership is at the core of everything we do — with the people, communities, and government of Papua New Guinea,” said KTF Chair Ian Kemish AM. “In welcoming the Governor-General as our Patron, and with her deep commitment to supporting Australians and our neighbours alike, we look forward to expanding our impact, working alongside the people of PNG to drive meaningful change.”

KTF CEO Dr. Genevieve Nelson welcomed the appointment with deep appreciation.

“We are delighted and incredibly grateful that Governor-General Mostyn is continuing her longstanding engagement with Papua New Guinea through this role. Since her inspirational address at KTF’s Lt. Col. Ralph Honner Leadership Oration in 2016, Her Excellency has been a steadfast friend to both PNG and KTF.

The Governor-General’s commitment to putting care, kindness, and respect at the centre of her term aligns closely with KTF’s mission to improve lives and build futures through access to education, healthcare, equality, and the development of tomorrow’s leaders.

We look forward to working together to strengthen the bonds between Australia and Papua New Guinea for years to come.”

KTF has spent more than 20 years supporting locally led, long-term change in Papua New Guinea — training teachers and health workers, building and resourcing schools and aid posts, installing solar power, and fostering gender equality and youth leadership across the country. We look forward to working alongside the Governor-General to keep the spirit of Kokoda alive between our nations.

About KTF

KTF (Kokoda Track Foundation) is an international development organisation working alongside people and communities in Papua New Guinea to improve lives, livelihoods, and futures through initiatives in the vital areas of education, health, equality, and leadership. For more than 20 years, we’ve been keeping the friendship between Australia and PNG — and the spirit of Kokoda — alive.

Our team, 86 per cent of whom are Papua New Guinean, works in partnership with communities to identify their needs and strengths, and together we implement programs that achieve long-term change. Our projects aim to train high-quality teachers and community health workers; provide these professionals with mentoring and professional development opportunities; build educational and health infrastructure; fund the ongoing maintenance and resourcing of schools and aid posts; and provide remuneration to teachers and health workers across rural regions.

These initiatives are supported by the installation of solar energy and lighting systems for off-grid households in related communities — powering their success. We also promote equality for all, advocate a zero-tolerance approach to gender-based violence, and promote gender equity among adolescents through the fun of soccer. Looking to the future, we identify and nurture the next generation of leaders among final-year tertiary students from across PNG.

Taking a holistic approach, our work is focused in hubs across the country, including our ‘home’ of Kokoda. We currently deliver programs in Oro, Central, Western, and New Ireland provinces, as well as the National Capital District (NCD).

KTF is a member of the Australian Council for International Development and holds full accreditation with the Australian Department of Foreign Affairs and Trade’s (DFAT) ANCP program. Their high standards for operation are integral to everything we do. We work with a broad range of government, corporate, and philanthropic partners and supporters to deliver real, lasting impact.