Woodlark Gold Project – Papua New Guinea

Status: Financing of construction required in 2011  

In December 2007 Kula Gold Pty Ltd (72% owned by PRRF together with RMB Resources Limited) acquired Woodlark Mining Limited from LSE-listed Gem Diamonds Ltd.  Woodlark Mining Limited owns 100% of the Woodlark Gold Project on Woodlark Island, Papua New Guinea.  

• Resource base (measured, indicated and inferred) doubled to approximately 1.6+ million ounces, with significant exploration potential remaining
• Drilling continues to expand the resource
• Completed favorable scoping study
• Bankable feasibility study work has commenced