Panguna Landowner Release ON Titleholder Support Announcement to the Toronto Stock Exchange and Australian Stock Exchange
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR
RELEASE IN THE UNITED STATES
PANGUNA LANDOWNER RELEASE ON TITLEHOLDER SUPPORT
ANNOUNCEMENT TO THE TORONTO STOCK EXCHANGE
AND AUSTRALIAN STOCK EXCHANGE
12 JUNE 2018
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.
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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 hi gh
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 s hareholders 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: [email protected] [email protected]
Page 3 of 3
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 reso urce 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 i nclude
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 in terpretation 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 age ncies 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 miles tones 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 websit e 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, ci rcumstances 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 publicatio n 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 d escribed 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 exe mpt from, or not subject to, registration under the US Securities
Act and applicable US state securities laws.