Tropical alluvial gold mine site on a mountainous hillside in Bougainville
Gold Mining Joint Venture

Our Mining JV Operations

A high-grade alluvial gold operation on a 120-acre site near Arawa, Bougainville - operated by MorFuels Pty Ltd in joint venture with Gunadoo Mining Pty Ltd.

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The Opportunity at a Glance

Headline terms of the AROB.GOLD raise offered by MorFuels Pty Ltd. Full details, verified financial models and scenarios are available on the secure memorandum site.

A$0M

Total capital raise (up to)

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Equity offered (up to)

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Gold grade (g per tonne of clay)

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Site landholding (acres)

The Joint Venture

A Proven Grassroots Gold Operation

MorFuels Pty Ltd holds a 49% / 51% joint-venture partnership with Gunadoo Mining Pty Ltd, which operates a 120-acre mine on the island of Bougainville. Gold is currently being extracted by hand from the initial clay pit at approximately 105 grams per tonne - materially above typical mined grades.

The venture sits alongside MorFuels' large-scale Moringa oleifera plantations in Queensland, adding a tangible, hard-asset resources arm to the group. Only a fraction of the 120-acre site is currently being worked, leaving significant room to mechanise and scale.

Joint venture structure
MorFuels 49% / Gunadoo Mining 51%
Gold-ore processing plant and mining equipment on the Bougainville JV site
Legal Standing

A Registered Mining Entity

Gunadoo Mining Limited is registered with the Investment Promotion Authority (IPA), confirming its legal standing to operate and to enter into the joint venture partnership with MorFuels Pty Ltd. Under the 2021 Alluvial Mining Policy, alluvial mining is reserved for customary landowners and citizens - the basis for a legitimate landowner joint venture.

IPA registration number
1-143676374
Registered entity
Gunadoo Mining Limited
Status
Registered / active
Business activity
Mining & mineral exploration
The Deposit & Operations

From Hand-Dug Pits to a 5-Tonne-per-Day Plant

Gold is recovered from soft, near-surface clay using simple gravity-based methods, keeping capital and operating costs low. Processing plant and machinery owned by MorFuels is already positioned on site, ready to support scaled production.

Workers hand-extracting gold-bearing material from a near-surface clay pit in Bougainville

The clay pit

Gold extracted by hand from the initial clay pit on the 120-acre site at approximately 105 grams per tonne.

Alluvial gold concentrate and nuggets recovered by hand panning

Gold panning on site

Alluvial gold concentrate recovered by hand panning - visible gold particles confirming the high-grade nature of the resource.

Refined gold bullion bars at 999.9 purity

Gold nuggets recovered

Nuggets and concentrates extracted from the clay pit, sorted and ready for refining to 999.9 purity.

Deposit Highlights

High grade

Approximately 105 grams of gold per tonne of clay, materially above typical mined grades.

Near surface

Gold is hosted in soft, near-surface clay, allowing low-cost hand extraction.

Large footprint

A 120-acre landholding provides significant scale and a long operating life.

Established team

A local workforce already extracts gold, with landowner relationships in place.

Simple processing

Gravity-based recovery from clay keeps capital and operating costs low.

Room to grow

Only a fraction of the site is being worked; capital funds mechanisation and scale.

Geological Setting

A Proven Gold-Fertile Arc

The clay-pit deposit sits near Arawa on coastal alluvial fans draining the Crown Prince Range - the same island-arc magmatic belt that hosts the nearby Panguna porphyry copper-gold system. A 2024 peer-reviewed study (Lithosphere, GEOMAR / University of Ottawa) confirmed Bougainville sits within a >800 km permissive copper-gold tract. Gold weathered from these mineralised highlands naturally concentrates in the downstream clay - a textbook setting for alluvial gold accumulation.

Panguna is cited purely as regional geological context. Our clay pit is a distinct, independent alluvial operation and is not connected to, nor a continuation of, the historic Panguna mine. Prospectivity does not by itself establish scale - confirming a measured resource requires systematic sampling and assay programmes.

Resource Potential

The Scale of Gold in the Ground

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At approximately 105 grams per tonne, a mined thickness of 7 metres across the full 120-acre site implies on the order of 570 tonnes of contained gold in-situ - an extraordinary figure that underlines the upside.

Indicative, in-situ exploration-stage estimate for illustration only. This is NOT a JORC-compliant Mineral Resource or Ore Reserve and assumes uniform grade and depth, which real deposits never exhibit. Actual recoverable metal depends on drilling, bulk sampling, mine planning and processing recovery.

Ways to Participate

Two Ways to Invest

Equity

Take up to 19.8% equity in MorFuels Pty Ltd at A$0.50 per share (post-money valuation A$10,101,010). Minimum investment A$25,000 (50,000 shares).

Gold Promissory Note

Advance a principal sum today and be repaid at maturity in refined, hallmarked 24-karat bullion - earning more gold than your principal would buy at spot: 5% over 3 months, 10% over 6 months, 20% over 9 months and 30% over 12 months.

Refined Gold, Vaulted & Gold-Backing Bitz

All gold recovered is refined to 999.9 purity and held in certified, independently audited bullion storage. These allocated reserves back Bitz, a fully gold-backed stablecoin - so every token is underpinned by a tangible, physical gold entitlement rather than an unbacked promise.

Read the Full Information Memorandum

Verified, interactive financial projections, scenarios and the complete offer are available on the secure AROB.GOLD memorandum site.

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This information is confidential and provided to sophisticated / wholesale investors only. It is not a prospectus or product disclosure statement and is not a public offer of securities. Mining is speculative and no return is guaranteed. Forward-looking statements are illustrative only. This is not financial product advice.