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Frieda River Data

Frieda River Information

  • General 2015-05-10
    Frieda River Project is located in the provinces of Sandaun and East Sepik in Papua New Guinea. It is one of the biggest copper and gold deposits found in the Asia-Pacific region. The mine is jointly owned by PanAust (80%) and Highlands Pacific (20%). PanAust acquired the majority stake earlier held by Glencore in August 2014, becoming operator of the mine. The acquisition agreement was made in October 2013. The project is currently in the feasibility stage which is expected to be completed by the end of 2015 at an estimated cost of $25m. The mine will be developed as an open cut operation.

Related News

  • ASX: Star Mountains Drilling to Recommence 2016-08-17
  • Frieda River lease application submitted 2016-06-27

    A Special Mining Lease (SML) application for PanAust Limited’s Frieda River Copper-Gold Project in Papua New Guinea has been registered with the Mineral Resources Authority (MRA) of PNG. The application follows completion of the project feasibility study.

  • Frieda River lease application submitted 2016-06-27

    A Special Mining Lease (SML) application for PanAust Limited’s Frieda River Copper-Gold Project in Papua New Guinea has been registered with the Mineral Resources Authority (MRA) of PNG. The application follows completion of the project feasibility study.

  • ASX: Frieda River SML Application 2016-06-26
  • ASX: Frieda River SML Application 2016-06-26

Nearby Location News

  • Positive PEA for Kora gold deposit 2016-10-18

    A Preliminary Economic Assessment (PEA) on the Kora gold deposit at K92 Mining’s Kainantu Gold Project in Papua New Guinea has delivered positive results. Kora and the Irumafimpa deposit, where operations recently recommenced, comprise the Kainantu project.

  • K92 Mining Announces Results of Preliminary Economic Assessment (PEA) on Its Kora Deposit 2016-10-13

    PEA estimates;

    - positive cash flow of US$558 million over 9 years, an Internal Rate of Return (IRR) of 113% and achieve an NPV5 of US$415 million

    - 400,000 tonnes per annum (108,000 Au Eq per annum) over a 9 year period with cash costs of US$547/oz AuEq and all in sustaining costs (AISC) of US$619/oz AuEq

    - Treatment of 3.2 Million tonnes @ 7.1 g/t Au, 25 g/t Ag & 1.7% Cu (9.3 g/t Au Eq(i)) over the 9 years

    - Initial Capital Cost of US$13.84 Million

  • K92 Mining Commences Gold Production at Kainantu Gold Mine 2016-10-05

    - K92 Process Mill has Successfully Treated the First Batch of Underground Ore Delivered from Irumafimpa, With Concentrate Now Produced

    - Concentrate Shipment Deliveries Anticipated to Start Nov 2016

    - Gold Production at Irumafimpa Will Ramp Up to Steady State Operations, Reaching an Annualised Production Rate of 52,000 Au Per Annum, Over Coming Months

  • Production under way at Kainantu project 2016-10-05

    Gold production has commenced from the Irumafimpa deposit of K92 Mining’s Kainantu Gold project in Papua New Guinea. The rehabilitated mine, process plant and associated infrastructure has successfully treated the first batch of underground ore.

  • Era completes Yandera drill program 2016-09-09

    Era Resources has completed a resource drilling program and received further assay results from the Yandera project in the highlands of Papua New Guinea. An updated resource estimate incorporating all results from the drilling campaign is planned to be completed by the end of 2016.

Frieda River News

  • Frieda River lease application submitted 2016-06-27

    A Special Mining Lease (SML) application for PanAust Limited’s Frieda River Copper-Gold Project in Papua New Guinea has been registered with the Mineral Resources Authority (MRA) of PNG. The application follows completion of the project feasibility study.

  • ASX: Frieda River SML Application 2016-06-26
  • Frieda River to cost $3.6 billion 2016-05-19
    PanAust wraps new numbers around world class copper development
  • PanAust sees costs of PNG copper/gold mine doubling to $3.6bn 2016-05-19
    The cost estimate of the Frieda River mine, in Papua New Guinea, has more than doubled to $3.6-billion, from an earlier estimate of $1.7-billion, China-owned PanAust reported on Thursday. The company published a feasibility study for the project, which contemplated a large-scale, openpit mining operation producing 175 000 t/y of copper and 250 000 oz/y of gold over 17 years.
  • ASX: Frieda Study Received 2016-05-18

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