With the PNA takeover i would imagine as HIG ownes 20% of the PNG Frieda project as per below.
This is another CUL trading oportunity off the back of the AQA takeover.
Freida is owned by PanAust (80%) and Highlands (20%). The Horse-Ivaal-Trukai deposit
contains 2,090Mt @ 0.45% Cu, 0.22g/t Au and 0.70g/t Ag. The Koki and Ekwai
deposit contains 620Mt @ 0.37% Cu, 0.25g/t Au. Using a cut-off grade of 0.5%cu,
the Nena deposit contains 51Mt @ 2.43% Cu, 0.57g/t Au, 0.19% As and 127ppm Sb.
The Frieda River district endowment totals 2.8Bt of resource containing 12.9Mt
Cu and 20.4Moz Au. The feasibility study based on the HIT copper-gold deposit is
underway.
Have a look i think HIG will bounce in the coming days
With the PNA takeover i would imagine as HIG ownes 20% of the...
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