frieda river copper-gold project - panaust · the project history is approaching 50 years first...
TRANSCRIPT
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Frieda River Copper-Gold Project
Dr Fred HessAPNG Association, 10 November 2015
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Project overview
Koki
Ekwai
Nena
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The project history is approaching 50 years
First discovered
1960s 2014
Several project owners
PanAust 80% acquired
1970s 1980s 1990s 2000s
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Frieda River has its challenges
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We are aware of the risks
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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
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We can leverage ourexperience gained in Laos
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Phu Kham Copper-Gold Operation Ban Houayxai Gold-Silver Operation
Operational excellence
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Frieda River Copper-Gold Project, PNGPhu Kham Copper-Gold Operation, Laos
Familiar terrain
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We value sustainability
Education
Small businessdevelopment
Infrastructure
Health careAgriculture
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We enjoy strong government and community support
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What our partner can contribute
Highlands Pacific has a wealth of experience in PNG
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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
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Our strategic pathway to success
Start small
Think big
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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
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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
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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
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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
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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