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In 2009 and 2010 Trident Mining & Marine Services Pty Ltd in conjunction with Geospec Pty Ltd conducted extensive exploration in the Gulf of Papua. Approximately 1000 holes were drilled for nearly 2800 samples of black sand. Katana Iron hold approximately 25,000 km2 of Exploration Leases in Papua New Guinea.

2 | Guinea mining guide Executive summary Guinea has some of the world's largest high-grade bauxite and iron ore reserves, but has been largely unable to benefit from its mineral resources, due to sustained instability, political risks and lack of infrastructure.

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