Ann: PanAust to acquire majority interest in Frie, page-29

re: Ann: PanAust to acquire majority interest... Papertigger - your post of 2/11 re Nena , it has high arsenic values and the smelters don't like that. MIM and Highlands Pacific commenced in the 90's to develop a process called the Albion Process to treat these type of ores.Still jointly owned by Xstrata and Highlands and marketed thru a crowd called Core Resources.It was commercialised a few years ago and there are about four mines round the world using it -mainly gold but no copper yet.Maybe they were saving it for Nena.

On another note the HIT resource is only down to 600mts.Xstrata drilled 2 or 3 deep holes down to 1000mtrs a few years ago -they were mineralised the whole way,ended in ore and the ore got richer the deeper they got. Anyway that's probably 30 years away.