Joining Proactive’s Jonathan Jackson in the studio is Gold Mountain Ltd (ASX:GMN) Executive Director David Evans who explains the mineral exploration company’s projects in Brazil and Papua New Guinea (PNG). These projects target a spectrum of metals including rare earth elements (REE), lithium, nickel, copper, and gold.
Evans explains that diversification remains central to Gold Mountain's strategy, highlighting the company's 75% stake in various licenses across the eastern Brazilian lithium belt, notably in Salinas, Minas Gerais. This region is ripe for exploration of REE, copper, and lithium. In Brazil, recent findings have indicated rocks with potential for REE, spearheading the exploration initiatives. He delves into the company’s activities in the area, including systematic exploration and analysis to assess the economic viability of these resources.
Turning to PNG, the focus is on the Wabag Project, spanning around 950 km² within the Papuan Mobile belt, known for its copper-gold prospects. Gold Mountain has also sought an exploration license for the Green River area, aiming to probe high-grade copper-gold and lead-zinc occurrences, alongside potential porphyry-style mineralisation.