100% Sanatana owned (since Jan. 31, 2019)
282km2 Prospecting License granted over a 16km wide mineralized collapsed caldera setting in a world class and prolific copper-gold mining region, completely permitted for exploration
Solomon Islands are situated north of Australia and to the east of Papua New Guinea and form part of a prolific mineralised belt, with numerous world class gold and copper mines.
Stable Jurisdiction
Established Mines and Minerals Act 1990 (Amended 2014).
Prospecting Licenses (PL) are issued after settlement of landowner surface access agreements, for an initial 3 year term, transferrable and renewable with Ministerial approval.
Mining leases are converted from a PL for a 25 year period, also renewable with Ministerial approval.
3% royalty on the gross value of minerals mined, shared between National and Provincial government and local landowners.
Corporate tax rate of 35% non-resident co., 20% resident co.
Favourable Logistics
International airports and shipping. Local logistical support via air and sea.
Widespread reliable wireless telecommunications network.
Well established local commercial businesses and skilled labour workforce.
Barge access to site, airstrip 4km from project.