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Tolu Minerals Limited (ASX:TOK)

ALERT: Price-sensitive ASX Announcement for TOK
Current share price for TOK : $1.185 0 (0%)+
Announcement
Release
10 Dec 2025 9:37AM
Price at Release
$1.185
Full Release
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Summary
Tolu Minerals Limited is advancing its Tolukuma Gold Mine project in Papua New Guinea with a comprehensive strategy focused on expanding their mineral resources. The company is leveraging existing infrastructure and conducting extensive exploration activities aiming to achieve significant gold production by 2026. Recent developments include enhanced road access that significantly cuts operational costs and boosts exploration potential. The drilling program, involving 30,000 meters by December 2026, is supported by geochemical and geophysical studies, promising strong news flow and potential resource expansion. Tolu Minerals is poised to become a leading gold producer, with a strategy that includes refurbishing existing facilities and targeting new discoveries in gold and copper deposits.
Key Points
  • Tolu Minerals aims to become a major gold producer in Papua New Guinea.
  • Acquired Tolukuma Gold Mine and additional tenements in 2022.
  • Significant experience in leadership with a history of major gold discoveries.
  • Targeting first production in 2026 with key approvals in place.
  • Extensive exploration program with a focus on increasing mineral resources.
  • New road access reduces reliance on helicopters, cuts logistics costs by over 75%.
  • 30,000 meters of drilling planned by December 2026.
  • Exploration supported by comprehensive geochemical and geophysical programs.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.