Frieda River Copper-Gold Project - PanAust · The project history is approaching 50 years First...
Transcript of Frieda River Copper-Gold Project - PanAust · The project history is approaching 50 years First...
Frieda River Copper-Gold Project
Dr Fred HessAPNG Association, 10 November 2015
Project overview
Koki
Ekwai
Nena
The project history is approaching 50 years
First discovered
1960s 2014
Several project owners
PanAust 80% acquired
1970s 1980s 1990s 2000s
Frieda River has its challenges
We are aware of the risks
The prize…
For PanAust:A strategic project that could
operate for 30+ years
For PNG:A nation-building ‘Project of
National Significance’ capable of opening up the region and boosting economic development
We can leverage ourexperience gained in Laos
Phu Kham Copper-Gold Operation Ban Houayxai Gold-Silver Operation
Operational excellence
Frieda River Copper-Gold Project, PNGPhu Kham Copper-Gold Operation, Laos
Familiar terrain
We value sustainability
Education
Small businessdevelopment
Infrastructure
Health careAgriculture
We enjoy strong government and community support
What our partner can contribute
Highlands Pacific has a wealth of experience in PNG
What our predecessors have contributed
Much quality work was done at Frieda River prior to PanAust’s acquisition
However….PanAust saw a different pathway to unlocking value
Our strategic pathway to success
Start small
Think big
Our strategic pathway to success
Think big
Frieda River will be executed as
an integrated set
of smaller projects
MineOperations
ProcessPlant
Integrated storage facility
PowerSupply Non
ProcessInfrastructure
Transport Logistics
A wealth of development and operational experience in the team
Dr Fred HessManaging Director
Stacey BarlowExecutive GM,
Projects
Peter Walker
GM, Tech Services & Processing
Improvement
Peter Trout
GM, Tech Services Mining
& Geology
Scott Cowie
GM, Frieda River Studies
Herman Dittmar
GM, Project Implementation
Andrew PriceChief Financial
Officer
Joe Walsh
GM, Corporate Development
David Hairsine
GM, Finance & Treasury
Glen Connell
GM, Government & Community
Relations (PNG)
Paul Scarr
General Counsel
Adrian Bell
GM, HR & Risk Management
Geoff Kernick
GM, Commercial
We have gained further knowledge following acquisition
• Seismic, hydrogeological, geotechnical and river bathymetry field programs
• Laboratory testing to support geotechnical and metallurgical evaluations
• Geological modelling
• Engineering studies relating to mining, ore processing, waste rock storage, logistics and power generation
• Technical and economic evaluations to support the proposed development concept
• Planning for an exploration access track between the Frieda River and the project site
• Preliminary discussions with potential financiers
The dream is taking shape
HIT pit
ISF embankment
Access road
ISF high water level
concentrator
Waste conveyor
power station
quarries
Raw water intake
Tailings pipeline
camp
A world-class copper deposit being advanced by an experienced project team
who are applying the many lessons of the past to define a robust project scope of work
that will operate for 30+ years, and generate immense economic benefit to Papua New Guinea.
…now, if only metal prices would recover!
Em tasol Lukim yu bihain