Wafi-Golpu Project

Overview

The Wafi-Golpu project is owned by the Wafi-Golpu joint venture, a 50:50 unincorporated joint venture between subsidiaries of Harmony and Newmont. This Tier 1 asset is one of the world’s largest copper-gold block cave projects and it makes up approximately 45.5% of our total Mineral Reserves.

The Wafi-Golpu joint venture project is located approximately 65km southwest of Lae, in Morobe Province. Lae, the second largest city in Papua New Guinea, will host the project’s import and concentrate export facilities. The proposed mine site sits at an elevation of approximately 400m above sea level in moderately hilly terrain and is located near the Watut River, approximately 30km upstream from its confluence with the Markham River.

In April 2023, we entered into a Framework Memorandum of Understanding with the State of Papua New Guinea, setting out the key terms and principles to guide the negotiation and preparation of the formal agreements relating to the permitting, development and operation of the project. This was a major step towards securing the mining development contract and special mining lease for Wafi-Golpu.