Loyalist Exploration Ltd.

PNG Copper Inc. is pleased to report that drillhole DOD008, on Section 10000N, the final drillhole in the Phase I drilling programme at Doriri Ni-Pd-Pt prospect, was collared on July 5, 2022. The hole intersected an 18.55 m downhole width of the Doriri mineralization between 10.95 m to 29.50 m. The drillhole was completed below Costean I and previously completed cored drillholes DOD003 and DOD004. DOD008 was terminated in [...]

PNG Copper Inc. is pleased to report that following the completion of drillhole DOD005 on section 10040N at the Doriri nickel-palladium-platinum prospect on June 15, 2022, drilling moved to Section 10025N which includes drillholes DOD006 and DOD007. Drilling results from Section 10025N will test the continuity of mineralization in Costean III, consisting of nickel-chlorite+rhythmically interlayered magnetite+sulphides, to [...]

PNG Copper Inc. is pleased to report that the drilling of hole DOD005 on Drill Section 10040N at the Doriri nickel-palladium-platinum prospect resumed on June 3, 2022 after a delay awaiting the arrival of spare parts from the Philippines and Australia for the manportable ID200 drill rig. Mineralization was intersected from 46.40 m to 64.20 m . DOD005 was terminated at 74.00 m in footwall peridotite on June 15, 2022. Core [...]

PNG Copper Inc. is pleased to announce the closing of brokered private placement offering . The Company, pursuant to the Private Placement, issued 3,480,000 units for gross proceeds of C$174,000.00. In connection with the closing of the Private Placement, the Company paid a cash fee of C$15,660.00 and issued 348,000 non-transferable broker warrants to its agent, IBK Capital Corp. . Each broker warrant is exercisable to [...]

PNG Copper Inc. announces the grant, pursuant to its Stock Option Plan, of options to an eligible employee to purchase a total of 300,000 Class A common shares, exercisable in whole or in part on or before October 30, 2024, at an exercise price of $0.10 per share. About PNG Copper Inc. PNG Copper Inc. is a mineral exploration company focused on acquiring, exploring, and developing quality mineral properties in Papua New [...]

PNG Copper Inc. is pleased to announce that it settled outstanding indebtedness with a director and a senior manager of the Company by issuance of Class A common shares in the capital of the Corporation and units . The Company settled outstanding indebtedness of $25,000.00 with the senior manager through the issuance of 500,000 Common Shares, and settled outstanding indebtedness of $257,768.26 with the director through [...]

PNG Copper Inc. is pleased to report that the previously announced program to drill the Doriri nickel-palladium prospect on the PNG Copper property has commenced with the first hole starting today. The program is the completion of four cored drill holes for a total of 235 meters. This round of drilling will expand upon ten mineralized costean and four mineralized intersections from four drill holes obtained from the [...]

PNG Copper Inc. is pleased to announce that it has completed certain annual obligations under the existing Option Agreement by issuance of Class A common shares in the capital of the Company . The Company settled outstanding obligations of CAD$277,498.50 with Papuan Minerals Pty Ltd. through the issuance of 4,703,364 Common Shares. The Company also announces the resignation of Chris Cornelius as a director of the Company [...]

PNG Copper Inc. is pleased to announce that it settled outstanding obligations with former senior management of the Company by issuance of Class A common shares in the capital of the Company. The Company settled outstanding obligations of $349,996.00 with the former senior management through the issuance of 5,833,266 Common Shares. All Common Shares issued pursuant to the Debt Settlement will be subject to a hold period [...]

PNG Copper Inc. is pleased to announce that it settled outstanding indebtedness with a director of the Company by issuance of units. The Company settled outstanding indebtedness of $108,711.46 with the director through the issuance of 1,553,020 Units. Each Unit consisted of one Common Share and one Common Share purchase warrant. Each whole Warrant entitles the holder to purchase one additional Common Share at an exercise [...]