Feasibility studies are being conducted on the possibility of a cattle farming industry in the Sepik Plains.
Investors were in the East Sepik Province over the weekend to make assessments.
When implemented, the project will be built up over 10 years with 100,000 cattle heads and potentially making PNG the cattle capital of the South Pacific.
The potential investors from Australia were shown around the proposed project area and were given an aerial view of the vast plains.
David Galvin, Chairman of LiveCorp, said there was a huge potential for a cattle industry and careful planning was essential.
Mr. Galvin said support and participation of landowners will be crucial as many jobs will be created.
Minister for Trade, Commerce and Industry and Member for Yangoru Saussia, Richard Maru, told locals that the Government is encouraging landowners to become active participants.
Mr Galvin said the team is looking forward to doing proper scoping and planning.