Trading on the OTCQX Market offers companies efficient, cost-effective access to the
“We are pleased to announce our qualification to trade on the OTCQX Market. Trading on OTCQX, which will provide additional visibility and market exposure, better access to the US investment community and improved convenience of trading in Tolu ordinary shares and is part of our ongoing strategy to introduce Tolu to a broader international audience. Tolu’s focus is on exploration and development of our wholly owned, highly prospective portfolio of gold/copper/silver targets in
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About
Tolu’s growth strategy involves the exploration and appraisal of its highly prospective pipeline of gold, copper and silver assets leveraging the infrastructure of
Tolu is focussed on the exploration and development of gold, copper and silver resources in the prolific PNG epithermal gold/copper producing district. Tolu has acquired a large and very prospective portfolio leveraging the refurbishment of the existing high grade and fully permitted Tolukuma, approximately 100 km North of the PNG capital
Tolukuma currently has a Mineral Resource Estimate, prepared in accordance with the JORC Code (2012), of 1.6 M tonnes at 10 g/t Au and 38 g/t Ag containing 503 Koz gold and 1.9 Moz silver. (AMC
In
Tolu has successfully completed the 100% acquisition of Tolukuma along with its associated assets and mine infrastructure and seven exploration permits surrounding Tolukuma, with a further application underway. Tolu has a clear strategy to restart Tolukuma and subsequently to leverage the wider Tolukuma area resource and infrastructure into a large, world-class gold mining project.
Tolu has also secured 100% exploration rights over the Mt. Penck (EL 2662) on the Island of New Britain PNG (Mt Penck).
Tolu has therefore secured 100% ownership of a prospective pipeline of gold, silver, copper projects totalling some 1,700 km2.
Tolu has assembled a strong team with both international and PNG experience with a track record of exploration, project development and operations, with a particular focus on restart projects and capital raising in the mining and other sectors and is well qualified to develop and maximise the potential of Tolukuma and Mt Penck.
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