News: Highlands Pacific to present at the Sydney Investor Luncheon, Aug 13th

Highlands Pacific (ASX:HIG) is advancing its Papua New Guinea exploration projects and continues to receive its share of production from the Ramu Nickel Cobalt Mine.

The company had previously noted that PanAust’s acquisition of Glencore’s 80% interest in the Frieda River Copper Gold Project continues to progress with completion expected this quarter.

This is a positive given that PanAust will pay for 100% of costs incurred by the Frieda River Joint Venture up to the point of lodgement of the Mining Lease or Special Mining Lease application.

Discussions are also underway with potential joint venture partners for the next stage of exploration programs at the Star Mountains Copper Gold Porphyry Project. These are expected to be completed in the current quarter.

The Ramu project (HIG:8.56% with potential to move to 20.55%) produced 14,468 tonnes of mixed nickel cobalt hydroxide intermediate product produced containing approximately 5,312t of nickel and 543t of cobalt.

Proactive Investors has secured managing director John Gooding to present the latest at the upcoming "Sydney Investor Luncheon” in Sydney on Wednesday 13th August 2014.

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Frieda River has Resources totalling 2.8 billion tonnes containing 12.9 million tonnes of copper and 20.4 million ounces of gold.

It is expected to require Capex of between US$1.5 billion and US$1.8 billion.

Star Mountains has 17 identified copper-gold targets, six have been preliminarily drilled with the majority intersecting copper-gold mineralisation.