About Us - Company Profile

Marengo Mining Limited is a resource company focused on the discovery, exploration and development of copper, gold and molybdenum opportunities within its large tenement package in Papua New Guinea ("PNG"), one of the most geologically rich and exciting mining provinces in the world.

Initially listing on the Australian Securities Exchange ("ASX") in November 2003, Marengo acquired the Yandera Copper Project, Madang Province, Papua New Guinea, in April 2005.

Marengo listed on the PNG Stock Exchange, POMSoX, in 2006 and on the Toronto Stock Exchange in 2008, and completed a redomicile of its Corporate Operations to Toronto, Canada in 2013.

The resource is located in the Madang province of Papua New Guinea (PNG) at an elevation of about 1,800m in the Bismarck Mountain range approximately 70km inland from the north coast. Yandera lies in the New Guinea Copper fold belt, a province comprised predominantly of deformed Mesozoic and Tertiary rocks. Lithologies within the belt include clastic sediments, mafic to intermediate volcanic and minor limestones. Locally, the Yandera porphyry Cu-Mo-Au deposit lies within the core of the Miocene Bismarck Intrusive complex.

Originally discovered by Australian Government geologists in 1957, initial exploration was undertaken by Kennecott Exploration from 1965 to 1972 when 12 diamond holes (DDH001-DDH012) for 2,275m were completed. From 1973 to 1980 a BHP/Amdex Australia JV completed an additional 90 diamond holes (DDH13 – DDH102) for 30,942m. At that stage the prospect comprised a granted exploration licence and two separate but non JORC compliant resource estimates.

No further drilling was done on the project until 2007. Since then Marengo has completed, as of May 2014, an additional 456 diamond holes for 140,057m (YD103-YD559), with its most recent JORC and NI43-101 compliant resource released in April 2012.

The upgraded resource estimate, comprises a Measured Resource of 248 million tonnes (Mt) @ 0.43% copper  (Cu), an Indicated Resource of 114Mt @ 0.42% Cu and an Inferred Resource of 218 Mt @ 0.37% Cu, based on a 0.25% Cu cut-off.

Marengo listed on the PNG Stock Exchange, POMSoX, in 2006 and on the Toronto Stock Exchange in 2008, and completed a redomicile of its Corporate Operations to Toronto, Canada in 2013.

A new senior management team, to lead Marengo through the next phase of its development, was appointed in early 2014.

From the beginning Marengo committed to the health, safety, environment  and employment opportunities for the people of the Yandera region, Madang province and the country of Papua New Guinea.

We are proud to have a majority PNG national workforce and to continue to have a positive impact on the lives of the people.