Not For Distribution to United States News Wire Services or For Release in the United States
Subiaco, Western Australia (FSCwire) - RTG Mining Inc. (TSX: RTG, ASX: RTG)
(“RTG” or the “Company”) provides an update by the Special Mining Lease Osikaiyang Landowners
Association Inc. (“SMLOLA”) on titleholder support in Panguna.
The Chairman of SMLOLA, Mr Philip Miriori released a detailed statement yesterday, 11 June 2018, which
comprehensively deals with titleholders support in Panguna.
The full SMLOLA statement is available on RTG’s website.
SMLOLA stated that it has undertaken a substantive awareness program over the last few months to ensure landowners
are fully and accurately informed, to build the unity requested by President John Momis and provide their SMLOLA community with
the opportunity to express their position.
By way of summary the statement by SMLOLA:
- provides details of the petition provided to titleholders that confirms support for the SMLOLA consortium to
lead the redevelopment of the Panguna mine, as well as SMLOLA’s existing leadership.
- states that the petition has been signed by 428 titleholders. It notes that of the 510 titleholders list
historically prepared and used by Bougainville Copper Limited (“BCL”), approximately 20 titleholders are Bougainvilleans based
in Port Moresby or outside Panguna which the petition process has not yet been able to meet with, therefore after allowing for
those titleholders, SMLOLA has secured almost 90% support level of titleholders.
- confirms SMLOLA continues to believe that it is the Customary Landowners rather than the historical “titleholder
list” that is relevant under the Bougainville Mining Act, however SMLOLA considers the titleholder list provides a comparison
basis for recent landowner support statements by BCL.
RTG recently announced a significant donation for much needed medicines for the new Arawa Hospital and continues to
work on new social programs for the region.
ABOUT RTG MINING INC.
RTG Mining Inc. is a mining and exploration company listed on the main board of the Toronto Stock Exchange and
Australian Securities Exchange Limited. RTG is focused on a proposal with a landowner lead consortium to secure an
exploration licence at the high tonnage copper-gold Panguna Project in Bougainville PNG and the high-grade copper/gold/magnetite
Mabilo Project in the Philippines, while also identifying major new projects which will allow the Company to move quickly and
safely to production.
RTG has an experienced management team which has to date developed seven mines in five different countries,
including being responsible for the development of the Masbate Gold Mine in the Philippines through CGA Mining Limited, and has
B2Gold as one of its major shareholders in the Company. B2Gold is a member of both the S&P/TSX Global Gold and Global Mining
Indices.
ENQUIRIES
Australian
Contact
US Contact
President & CEO – Justine
Magee
Investor Relations – Jaime Wells
Tel: +61 8 6489
2900
+1 970 640 0611
Fax: +61 8 6489
2920
Email: jmagee@rtgmining.com
jwells@rtgmining.com
CAUTIONARY NOTE STATEMENT
This announcement includes certain “forward-looking statements” within the meaning of Canadian and applicable
securities legislation. Statements made or implied relating to the Private Placement and the anticipated closing thereof, the
Company's objectives, strategies to achieve those objectives, the Company's beliefs, plans, estimates and intentions, and similar
statements concerning anticipated future events, interpretation of exploration results, plans for further exploration and
accuracy of mineral resource and mineral reserve estimates and related assumptions and inherent operating risks, are
forward-looking statements. Forward-looking statements involve various risks and uncertainties and are based on certain factors
and assumptions. There can be no assurance that such statements will prove to be accurate, and actual results and future events
could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ
materially from RTG’s expectations include uncertainties related to market conditions and demand for the Private Placement, the
receipt of requisite shareholder and regulatory approvals, fluctuations in gold and other commodity prices and currency exchange
rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits;
uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; the
need for cooperation of government agencies in the development of RTG’s mineral projects; the need to obtain additional financing
to develop RTG’s mineral projects; the possibility of delay in development programs or in construction projects and uncertainty
of meeting anticipated program milestones for RTG’s mineral projects and other risks and uncertainties disclosed under the
heading “Risk Factors” in RTG’s Annual Information Form for the year ended 31 December 2017 filed with the Canadian securities
regulatory authorities on the SEDAR website at sedar.com. The forward‐looking statements made in this announcement relate only to
events as of the date on which the statements are made. RTG will not release publicly any revisions or updates to these
forward‐looking statements to reflect events, circumstances or unanticipated events occurring after the date of this announcement
except as required by law or by any appropriate regulatory authority.
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES
This announcement has been prepared for publication in Canada and Australia and may not be released or distributed
in the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in
the United States or any other jurisdiction. Any securities described in this announcement have not been, and will not be,
registered under the US Securities Act of 1933, as amended (the “US Securities Act”), or any state securities laws, and may not
be offered or sold in the United States except in transactions exempt from, or not subject to, registration under the US
Securities Act and applicable US state securities laws.
To view the original release, please click here
Source: RTG Mining Inc. (TSX:RTG)
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