Frieda River Feasibility Study should be delivered to Highlands Pacific Ltd in May this year.Highlands Pacific was made aware of this by PanAust Limited (PanAust), a wholly owned subsidiary of Guangdong Rising Assets Management Co. Ltd., and partner in the Frieda River Copper/Gold project in PNG.
PanAust previously had advised that a draft of the study would be provided to Highlands by the end of March.
The Feasibility Study will be reviewed by independent experts, and subsequently may provide support for an application to the PNG Government for a Special Mining Lease, enabling the project to proceed to development.
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