Kili Teke – Gold & Copper
252km²
Barrick – Porgera operating gold mine
Exploration
The Kili Teke Porphyry Complex, situated within a 252 km² area fully owned and recently acquired from Harmony Gold in 2023, represents a substantial asset located 20 km northwest of the Mt. Kare gold deposit and 40 km west of Barrick’s operating Porgera gold mine. The project hosts a 2017 Inferred Mineral Resource of 237 million tonnes at 0.6% CuEq, including 0.34% Cu, 0.24 g/t Au, and 168 ppm Mo, totaling 802 kt Cu, 1.81 Moz Au, and 40 kt Mo. Only partially tested, it’s widely believed that further exploration could greatly add to its metal inventory.
252 km²
Barrick – Porgera operating gold mine
The Kili Teke Porphyry Complex, situated within a 252 km² area fully owned and recently acquired from Harmony Gold in 2023, represents a substantial asset located 20 km northwest of the Mt. Kare gold deposit and 40 km west of Barrick’s operating Porgera gold mine. The project hosts a 2017 Inferred Mineral Resource of 237 million tonnes at 0.6% CuEq, including 0.34% Cu, 0.24 g/t Au, and 168 ppm Mo, totaling 802 kt Cu, 1.81 Moz Au, and 40 kt Mo. Only partially tested, it’s widely believed that further exploration could greatly add to its metal inventory.
237 million tonnes at 0.6% copper equivalent, including 0.34% copper, 0.24 g/t gold, and 168 ppm molybdenum
Multiple catalysts for re-rating with further expansion drilling and targeted exploration of proximal prospects
This complex is only partially tested, with significant mineralization potential below 650 m. There is considerable scope to augment the project’s metal inventory through infill and expansion drilling at the Kili Teke site itself, as well as drill testing three high-priority copper and gold mineralized prospects adjacent to and associated with Kili Teke.
This project features a large-scale copper-gold porphyry system encompassing a significant mineralization and alteration footprint measuring 2.5×1.5 km. The site is noted for its association with high-grade skarns and breccias, indicative of proximal stockwork intrusions and skarn and intrusion-related gold mineralization.
