Frieda River Copper-Gold Project - PanAust · 24 November, 2015. 74,000 to 76,000t. 195,000 to...
Transcript of Frieda River Copper-Gold Project - PanAust · 24 November, 2015. 74,000 to 76,000t. 195,000 to...
Frieda River Copper-Gold Project
PanAust Managing Director, Dr Fred HessPNG Chamber of Mines and Petroleum 24 November, 2015
74,000 to 76,000t
195,000 to 205,000oz
1.4 to 1.5Moz
PanAust Limited
2015 production targets
Two Operations in Laos
PanAust Limited
Phu Kham Copper-Gold Operation Ban Houayxai Gold-Silver Operation
PanAust Limited
Project overview
Koki
Ekwai
Nena
The project history is approaching 50 years
First discovered
1960s 2014
Several project owners
PanAust 80% acquired
1970s 1980s 1990s 2000s
Frieda River has its challenges
The prize…
For PanAust:A strategic project that could
operate for 30+ years
For PNG:A nation-building ‘Project of
National Significance’ capable of opening up the region and boosting economic development
Leveraging our experience in LaosOperational excellence Project development
Similar terrain
Sustainability
Logistics
We value sustainability
EducationSmall business development
Infrastructure
Health careAgriculture
Leading-practice environmental management will be key to Frieda’s success
“River is life”In the words of Sepik River communities…
Australian climate leaders
Most Profitable Carbon Reduction Activity
Our strategic pathway to success
Start small
Think big
Our strategic pathway to success
Think big
Frieda River will be executed as
an integrated set
of smaller projects
MineOperations
ProcessPlant
Integrated storage facility
PowerSupply Non
ProcessInfrastructure
Transport Logistics
We have gained further knowledge following acquisition
• Seismic, hydrogeological, geotechnical and river bathymetry field programs
• Laboratory testing to support geotechnical and metallurgical evaluations
• Geological modelling
• Engineering studies relating to mining, ore processing, waste rock storage, logistics and power generation
• Technical and economic evaluations to support the proposed development concept
• Planning for an exploration access track between the Frieda River and the project site
• Preliminary discussions with potential financiers
The dream is taking shape
HIT pit
ISF embankment
Access road
ISF high water level
concentrator
Waste conveyor
power station
quarries
Raw water intake
Tailings pipeline
camp
A world-class copper deposit being advanced by an experienced project team
who are applying the many lessons of the past to define a robust project scope of work
that will operate for 30+ years, and generate immense economic benefit to Papua New Guinea.
…now, if only metal prices would recover!
Em tasol Lukim yu bihain