Gold Mountain is an ASX-listed mineral exploration company, operating in the heart of Papua New Guinea. The company's flagship Wabag project is situated right in the middle of the highly-prospective Papuan Mobile Belt, which hosts world-class copper-gold mines such as Porgera, Ok Tedi and Frieda River. The project is located in the Enga Province, only 75 km east of the 24-million-ounce Porgera gold-silver deposit and 70 km north-west of Mount Hagen, the regional capital that is serviced daily by plane from Port Moresby.
Gold Mountain holds six exploration licenses and has a further three exploration licences in application, covering a total land area of over 2000 square kilometres.
The Wabag Project has four high-calibre targets, each with significant potential: