Island Passage Exploration and Isina Resource Holdings Announce Land Access and Compensation Payments of 200,000 Kina made to customary landowners from work conducted on the EL02 Project Bougainville Island, Papua New Guinea (opens original article in a new tab)

Island Passage Exploration and Isina Resource Holdings paid 201,100 PGK to Takuang Holdings under a Land Access and Compensation Agreement for exploration activities on the EL02 Project in Bougainville, Papua New Guinea.

• Island Passage Exploration and Isina Resource Holdings made 201,100 PGK in payments to Takuang Holdings under a Land Access and Compensation Agreement.
• The payments included 25,000 PGK for land access and 176,000 PGK for compensation related to exploration activities on the EL02 Project.
• Takuang Holdings was established by customary landowners to receive LACA payments and use them for community investments and direct compensation.