RTG Increases Its Interest IN the Panguna Landowners Joint Venture Partner Announcement to the Toronto Stock Exchange and Australian Stock Exchange
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NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
RTG INCREASES ITS INTEREST IN THE PANGUNA LANDOWNERS JOINT
VENTURE PARTNER
ANNOUNCEMENT TO THE TORONTO STOCK EXCHANGE
AND AUSTRALIAN STOCK EXCHANGE
7 DECEMBER 2017
The Board of RTG Mining Inc. (“RTG”, “the Company”) (TSX Code: RTG, ASX Code:
RTG) is pleased to announce that through a further direct investment and conversion
of loans in Central Exploration Pty Ltd (“Central”), RTG has increased its interest in
Central to 24%. Michael Carrick is now Chairman of Central and Justine Magee has
also be en appointed a director of Central. In addition one of RTG’s major
shareholders (interests represented by Mr. Richard Hains, who also independently
provided early stage funding to Central), has a 32% interest in Central.
As announced previously, Central is the joint venture partner of the Special Mining
Lease Osikaiyang Landowners Association (“SMLOLA”), being the owners of the
minerals at the old Panguna Mine. The joint venture is held through Central
Me’ekamui Exploration Limited who has applied for an exploration licence over the
customary land of the SMLOLA members, being the old Panguna Mine. The SMLOLA
has nominated RTG as their development partner for Panguna.
The Autonomous Bougainville Government (“ABG”) is currently considering all
exploration licence (“EL”) applications, including the purported EL renewal application
of Bougainville Copper Limited. Both the SMLOLA and RTG are committed to working
with the ABG to ensure both the ABG itself, and all Bougainvilleans benefit from any
redevelopment of Panguna.
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.
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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]
CAUTIONARY NOTE STATEMENT
This announcement includes certain “forward -looking statements” within the meaning
of Canadian and applicable securities legislation. Statement regarding 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 unc ertainties related to 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 Inf ormation Form for the year ended 31 December 2016 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 statem ents 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.