Freida on Hold, page-2

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curiouswon

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01/06/18

17:18

Post #: 33440482
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Originally posted by dogon ↑

Significant changes underway.

"Mines regulator, Mineral Resources Authority (MRA) revealed this week that the assessment of the application had to be put on hold as the applicant has indicated there may be significant changes to the initial proposal for development and feasibility study.

According to MRA, PanAust is considering a range of potential material changes.

These include the relocation of the integrated storage facility to Frieda River from the Nina River, and increasing the hydro potential to over 300 Megawatts.

The project is also considering development of a public road corridor between Vanimo and Hotmin instead of using the Sepik River.

“This is to significantly reduce its activities within the river system.

“The proposed airport may be upgraded to a regional status and there may be consequential changes to tenements. Some relocation of landowners may also be required,” said the MRA.

MRA confirmed that PanAust’s application for a SML for the Frieda project is on hold pending the company’s lodgment to the government indicating amendments to the development proposal."

Everything back in the melting pot. With Ramu firing on all cylinders and useful cashflow we may have to consider actually partaking. How things change.

New proposal expected to be lodged in October

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"How things change" - great commentary dogon.
Interesting to look at how the Copper price is now compared to in 2016, and some increasing recognition that electric vehicles will require a lot of copper.

Freida looks back on the radar!

HIG Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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Freida on Hold, page-2

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