Located in the Davao Region on the island of Mindanao, the King-king project is situated in Compostela Valley province, next to the town of Pantukan. Davao City, just 80 km from the King-king site, is highly urbanized and was named the 10th “Asian City of the Future” by Foreign Direct Investment magazine. With a population of 1.4 million, one of the busiest ports in the country, and an international airport with regular flights to major cities such as Hong Kong and Singapore, Davao has emerged as the center for business, investment and tourism in the southern Philippines.

The King-king tenement is comprised of 184 mining claims that are owned by Nationwide Development Corporation (NADECOR) under Mineral Production Sharing Agreement #009-92-XI (the MPSA), approved by the Government of the Philippines on May 27, 1992, and amended December 11, 2002. The MPSA grants NADECOR the exclusive right to explore, develop and exploit minerals within the area comprising the King-king deposit.

The project is listed as one of the top priority projects by the Philippine Mines and Geosciences Bureau and it is a gold-rich porphyry copper deposit spatially related to significant epithermal vein systems that can be potentially exploited by open pit mining methods to produce economic concentrations of gold and copper.  King-king’s mineral reserve amounts to 617.9M tonnes at 0.300% total copper and 0.395 g/t gold.