Mining Minister, Sir Ano Pala says the approval of these exploration licenses is a demonstration of the government’s commitment to move the Frieda River Project forward.
Since 2014, PanAust has committed over $260 million US, which is well over K870 million, on the Frieda River Project through the two feasibility studies completed in 2016 and 2018.
PanAust General Manager Studies, Phil McCormack, says this includes ongoing community support, government relations and stakeholder engagements.