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The Frieda River gold deposit in West Sepik (Sandaun) Province is one of the world's largest and has been under the control of Frieda River Limited, a subsidiary of PanAust, since 2013. Chinese-owned PanAust holds an 80 per cent interest in the project.
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Frieda River Project Feasibility Study Highlands Pacific Limited (ASX:HIG) has received a feasibility study for the Frieda River Copper-Gold Project in Papua New Guinea from the project manager PanAust Limited, a wholly-owned subsidiary of Guangdong Rising Assets Management Co Ltd (GRAM).
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FRIEDA River copper and gold project, a tributary of the mighty Sepik River, is mooted as one of the great prospects in Papua New Guinea. It was discovered by the legendary former kiap (patrol officer), Sepik River crocodile hunter and Member for Angoram in the first House of Assembly in 1964, John Pasquarelli.
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If its two mining 'mega projects' – Wafi-Golpu and Frieda River – are delivered on schedule, Papua New Guinea will become one of the world's major copper producers over the next thirty years, according to Jerry Garry, Managing Director of the country's Mineral Resources Authority. However, he warns, PNG's dependence on …
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Mineral Resources Authority's (MRA) Acting Managing Director (AMD) Jerry Garry, has assured the owners of the Pan Aust Limited, that the PNG Government was committed to progressing the Frieda River Project Special Mining Lease (SML) application, in accordance with the legal process. Pan Aust is the company that has been operating …
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When production at the massive Frieda River copper-gold mine begins in 2016, it will launch a projected 30-year-plus phase of potential major returns for Papua New Guinea and for investors. Regarded as one of the world's top emerging copper-gold projects, Frieda River is owned by Xstrata Copper (81.18%) and Highlands Frieda …
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The mine, if approved and built, would be the largest in PNG's history, and one of the largest in the world, covering 16,000 hectares. To be built on the Frieda river, a tributary to the Sepik in the north of New Guinea island, it is forecast to yield gold, silver and copper worth an estimated US$1.5bn a year for more than 30 years.
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The data in this report that relate to Ore Reserves for the Frieda River Copper-Gold Project are based on information reviewed by Mr Scott Cowie who is a Member and Chartered Professional (Mining) of the Australasian Institute of Mining and Metallurgy (MAusIMM(CP)). Mr Cowie is a fulltime employee of - PanAust Limited.
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Douglas Partners (DP) were involved with the Extended Scoping Study (2009), Pre-feasability Study (2010) and bankable Feasability Study (2011) for the Frieda River Gold-Copper Mine Project, Frieda River, Papua New Guinea. The scoping study entailed inter-alia, preliminary investigations and ranking of 10 potential hydro-electric schemes, 5 …
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Frieda River copper gold project is 170 kilometres North West of Porgera gold mine. The partners are Highlands Pacific (16.95 per cent), Xstrata (76.30 per cent) and ONRD (6.75 per cent). Highlands Pacific reported a significant resource upgrade for the Frieda project increasing the global resource base to more than 8.1 million tonnes of ...
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