PanAust Limited

The amended Proposal for Development incorporates the feasibility study report  and further supporting documents including an Employment and Training Plan, Landownership Study, Resettlement Plan, and Business Development, Supply and Procurement Plan.

Applications for supporting mining tenements have also been lodged with the MRA and an Environmental Impact Statement has been lodged with the Conservation and Environment Protection Authority

PanAust, who manages the Frieda River Project, says work is continuing on a feasibility study and Environment Impact Statement for the Project based on a shared-use infrastructure model that will support PNG’s regional and national development objectives.

The company says it has revised the scope of the Project to integrate with the Government of PNG’s development strategy plan.

“The revised scope supports a mine life of 30 years and greater extraction of the extensive mineral resource by leveraging third-party shared use infrastructure.”

Managing Director, Fred Hess, said this following the company’s announcement on December 21 that it has lodged an Environmental Impact Statement (EIS) for the Frieda Rover Copper-Gold Project.

Hess said the Frieda River Copper-Gold Project EIS highlights the Company’s world-class, best-practice environmental management standards, and is indicative of the Company’s ongoing commitment to respecting the natural environments in which it operates.