Woodlark island
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The Woodlark Island open cut gold mining project is located on Woodlark Island in the Milne Bay Province in Papua New Guinea, about 600 kilometres east of Port Moresby. Woodlark Island, that is in the Soloman Sea and part of the Trobriand Island Group, is situated 250 kilometres from the mainland of Papua New Guinea.
Woodlark Island Gold Project Being Developed by Kula Gold Limited
The Woodlark Island Gold Project, is owned by the November, 2010, Australian Securities Exchange (ASX) listed, Kula Gold Limited, with the Papua New Guinea Government agreeing to aquire a five percent interestin the venture in 2014.Woodlark Island Project Granted a Mining Lease in 2014
The Woodlark Island Gold Project was granted a mining lease by the Papua New Guinea Government in July 2014, clearing the way for further development of the 1.8 million tonnes a year open cut mining project andan early start with gold production, if the world gold price remains sufficiently stable. The mining lease gives approval for the Woodlark Island gold mine to operate for a term of 20 years with the option ofextending this term for up to a further 10 years. Kula Gold Limited have now received all the necessary approvals to allow the Woodlark Project to proceed to the production stage.Woodlark Gold Project to Consist of Three Open pit Mines
The Woodlark Island gold mining project includes three open pit mining areas within five kilometres of a gold processing plant with a 1.8 million tonnes a year throughput. The ore to be mined will initially be sourced near the surface from the high grade Busai and Kulumadau deposits. This will be followed with the later mining of the smaller Woodlark King deposit. The Woodlark Project hosts a JORC Reserve of 766,000 ounces of gold and a JORC Resource of 2.1 million ounces of gold.Woodlark Island Gold Mining Began in the 1800's
Woodlark Island has a history of gold mining going as far back as the late 1800's. Old records show gold production from the island before world war two totalled around 220,000 ounces. A large part of the Woodlark Island mining lease was logged for ebony in the 1970's, some ebony tress remain at the site to this day. Exploration for gold resumed on Woodlark Island in 1962 with the Papua New Guinea, Bureau of Mineral Resources, carrying out diamond drilling, limited geophysics and surface geochemistry at the Kulumadau deposit until 1963. Exploration has continued on the island since that time.Approximately 6,000 traditional landowners live on Woodlark Island in a number of population centres. The largest village is Guasopa at the south east of the island which is also where local government of the island takes place. There is also an air strip at Guasopa, the island's main airstrip, which is sited on the American built World War Two airfield. The Woodlark Island gold mining project is linked to Guasopa by a road capable of transporting equipment, provisions and personnel to and from the site.
Kula Gold Limited gets its name from the Kula Ring, a local traditional ceremonial exchange practiced among the ring of islands in the Milne Bay Province. The Woodlark Island gold project is Kula Gold's first project, making it a part of the Kula Ring.
