There is a possibility of deposits of precious metals such as gold and platinum groups in southeast Nagaland, in Phek, Kiphire and Tuensang districts besides rich deposits of varieties of decorative and dimensional stones and other associated metals such as zinc and molybdenum.
According to the Annual Administrative Report of the Nagaland State Mineral Development Corporation Ltd (NSMDC) for 2017-18 stated that Nagaland is located in the extreme east of the country sharing about 192 Kms international border with Myanmar.
It is placed in a strategic location and richly endowed with a variety of minerals.
The main established mineral reserves as contained in report stated presence of petroleum and natural gas with an estimated reserve of 600 million tonnes on the northwest along Nagaland-Assam border.
Coal with an inferred reserve of 317 million tonnes in the districts of Tuensang, Mon, Wokha, Longleng and Mokokchung, an inferred reserve of 1000 million tonnes of limestone and marble and 5 million tonnes of proved reserve of magnetite with nickel, cobalt and chromium.