Tolu Minerals Ltd (ASX:TOK) CEO Iain Macpherson talked with Proactive’s Tylah Tully about the company’s achievements in 2024 and its ambitious plans for 2025.
He highlighted the reopening of the historical Tolukuma Gold Mine in Papua New Guinea, which previously produced 1 million ounces of high-grade gold at 15 g/t.
The company aims to address past cost challenges through strategic refurbishment and exploration efforts.
Macpherson discussed milestones such as raising $70 million in capital through the IPO and subsequent fundraisings, enabling advanced activities like commissioning an airborne magnetite survey ahead of schedule.
He also highlighted progress on infrastructure development, including road construction and hydropower refurbishment, critical for operational efficiency.
Drilling results confirmed extensive mineralisation near the mine, supporting the company’s focus on regional exploration.
Tolu Minerals is also on track to recommission a gold circuit, expected to generate revenue in the coming weeks.
Macpherson expressed confidence that 2025 will showcase the company’s ability to …
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