Bougainville's untapped potential for gold and copper continues to build if ASX-listed Kalia Ltd's geophysical reports are anything to go by. Kalia recently snapped up the first exploration permits released on Bougainville and have wasted no time reworking old data which has revealed anomalies similar to those associated with some of the world's biggest copper-gold mines, according to management.
Whilst most mining types had written Bougainville off, Perth mining entrepreneur Nik Zuks was quietly travelling back and forth to the Pacific island to assist landowners to prepare for the new mining act which opens Bouganville up for mining for the first time in decades. Zuks' ASX listed Kalia Ltd has just locked down exploration licenses in Bougainville that cover about 1/3rd of the lucrative Island.
