Yandera Copper Project

Vice-president for Global Operations, Andre Wessels, said the project will bring about intergenerational wealth creation through the strategic road, power generation and port infrastructure.

He said it could also underpin upgrade and modernisation of the Ramu Power Grid and the extension of the Ramu Highway while providing real jobs with training and skills development and support communities along the Yandera development corridor.

This follows significant increase in Measured, Indicated and Inferred Resources of copper deposits in the project site.

The initial Measured and Indicated Resource estimate was a 326 million tonnes of copper.

Project developers, Era Resources, say the highlights of the new resource estimate include:

• Measured and Indicated Resources total 728 million tons grading 0.33 percent copper, 0.01 percent molybdenum and 0.10 grams per ton (ppm) gold; or 0.39 percent copper equivalent