PanAust Limited has finalised the Scope of the Frieda River feasibility study which incorporates significant changes to the 2016 feasibility study and the 2017 addendum.
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.”
The Frieda River Project is one of the largest underdeveloped copper-gold projects in the world.