Morumbi Resources Inc. continues to make progress in establishing a mineral opportunity base on Bougainville with the view to entering into Mining & Development agreements with Landowner Companies over the minerals on their lands. The expectation is that the Exploration Licenses will be registered over the respective lands under agreement in due course so that full scale exploration can start. The first such Agreement is with Isina Resource Holdings Ltd which was signed on March 10, 2011.
Morumbi continues to develop strong relationships with Landowner groups on Bougainville by engaging in social programs that are designed to deliver needed tangible benefits. Programs underway include two health clinics to be built and stocked; one in Atamo and one in Kopani, both currently without facilities and nearby health services. They are currently nearing prefabrication completion in Indonesia and will be transported and erected on Bougainville for an expected opening in June. Tribudi Hastuti will oversee the medical supplies, training of personnel, commissioning and ongoing operation of the clinics in conjunction with the Autonomous Bougainville Government (ABG).