PNG Mineral Resources Authority to Conduct Technical Site Visit at Freeport's Yandera Copper Project
PNG Mineral Resources Authority to Conduct Technical Site Visit at Freeport's Yandera Copper Project
- Freeport Resources to provide an update on the status of the Yandera Copper Project and present plans for future project financing and technical capacity statement.
- Approximately US$200 million in exploration and development expenditures have been committed since 2005, including 154,600 meters of exploration drilling and completion of a Pre-feasibility Study*.
- 自由港资源公司提供关于Yandera铜矿项目的最新情况,并提出未来项目融资计划和技术能力说明书。
- 自2005年以来,已承诺了约2亿美元的勘探和开发支出,包括154,600米的勘探钻探和完成预可行性研究*。
- As one of the largest undeveloped copper resources* in the world, Yandera has the potential to become one of PNG's most significant copper mines, supporting local communities and creating skilled jobs.
- 作为世界上最大的未开发铜矿之一,Yandera有潜力成为巴新最重要的铜矿之一,支持当地社区并创造熟练就业机会。
Vancouver, British Columbia--(Newsfile Corp. - September 19, 2023) - Freeport Resources Inc. (TSXV: FRI) (OTCQB: FEERF) (FSE: 4XH) ("Freeport Resources" or the "Company") is pleased to announce the Mineral Resources Authority ("MRA") of Papua New Guinea ("PNG") is scheduled to conduct a Technical Site Visit for the renewal of Exploration License ("EL") 1335, which covers the 245.5 square kilometer concession comprising the Company's wholly-owned Yandera Copper Project.
温哥华,不列颠哥伦比亚省-(Newsfile Corp.-2023年9月19日)-自由港资源公司(TSXV:FRI)(OTCQB:FEERF)(FSE:4XH)(“自由港资源“或”公司“)很高兴地宣布矿产资源管理局(”MRA“),巴布亚新几内亚(”PNG“)计划进行技术现场访问,以续签勘探许可证(”艾尔“)1335,涵盖245.5平方公里的特许权,包括本公司全资拥有的扬德拉铜矿项目。
Representatives of MRA and the Company are scheduled to carry out compliance and inspection activities during the five-day Technical Site Visit to begin September 25 and conclude September 29, 2023. The Technical Site Visit is part of the EL 1335 renewal process and follows the successful completion of the onsite MRA Wardens Hearing which took place on May 29, 2023, with principal landowners present and supportive of the Company's renewal application. The Company expects the MRA and Mining Advisory Council to conclude their review shortly after the site visit and anticipate EL 1335 will be recommended for renewal to the Minister for Mining which would render the status of the permit current.
MRA和该公司的代表计划在为期五天的技术现场访问期间进行合规和检查活动,访问从2023年9月25日开始,至9月29日结束。此次技术现场访问是EL 1335更新过程的一部分,在此之前,于2023年5月29日成功完成了现场MRA典狱长听证会,主要土地所有者出席并支持公司的续签申请。本公司期望MRA和矿业顾问委员会在实地考察后不久完成其审查,并预计将向矿业部长建议续签El 1335,这将使许可证的状态处于当前状态。
The Company's main objectives for Yandera EL 1335 are working toward advancement of a Definitive Feasibility Study to follow the 2017 Pre-Feasibility Study* and continued exploration of prospective targets within the broader license area.
该公司对Yandera El 1335的主要目标是在2017年预可行性研究*之后推进最终的可行性研究,并继续在更广泛的许可区域内探索预期目标。
Background
背景
The Yandera Copper Project is within EL 1335 which is administered by the MRA under the Mining Act of 1992 of PNG. Renewals of exploration licenses are two-year terms. The Technical Site Visit is for the renewal of EL 1335 for the term ending November 19, 2023.
Yandera铜矿项目位于El 1335范围内,由MRA根据巴新1992年《采矿法》进行管理。勘探许可证的续签期限为两年。技术现场访问是为了续签EL 1335,有效期至2023年11月19日。
Freeport Resources acquired the Yandera Copper Project in 2021. Approximately US$200 million in exploration and development expenditures have been committed to EL 1335 since 2005. Work completed and studies funded to date include approximately 154,600 meters of exploration drilling, the vast majority of which has focused on the Yandera Central deposit, scoping studies, engineering studies, environmental studies, a National Instrument 43-101 Pre-Feasibility Study*, and a number of other infrastructure-related studies.
自由港资源公司于2021年收购了Yandera铜矿项目。自2005年以来,已向El 1335承诺了约2亿美元的勘探和开发支出。到目前为止,已完成的工作和资助的研究包括大约154,600米的勘探钻探,其中绝大多数集中在Yandera Central矿藏、范围研究、工程研究、环境研究、国家仪器43-101预可行性研究*以及许多其他与基础设施相关的研究。
Freeport Resources remains focused on moving the Yandera Copper Project toward decisions regarding final economics and project financing, as well as plans for a wider exploration program of several targets within the largely underexplored land package. The Company is committed to the responsible development of the Yandera Copper Project, ensuring that all activities are conducted in a safe, ethical, and environmentally sustainable manner.
自由港资源公司仍然专注于推动Yandera铜矿项目做出有关最终经济和项目融资的决策,以及在基本上未被勘探的土地包内对几个目标进行更广泛的勘探计划的计划。该公司致力于负责任地开发Yandera铜矿项目,确保所有活动都以安全、合乎道德和环境可持续的方式进行。
The Yandera Copper Project is located 95-km southwest of the capital city of Madang Province and 235-km to the northwest of Lae which is the largest port city in PNG and an important industrial center. As one of the largest undeveloped copper resources* in the world, the Yandera Project has the potential to support communities and create jobs along the Yandera Corridor. The Company anticipates the potential economic influence of the Yandera Copper Project could span 5 provinces and create wealth for generations including, but not limited to, strategic road and highway building, power generation and related infrastructure.
扬德拉铜矿项目位于马当省省会西南95公里处,莱城西北235公里处,莱城是巴新最大的港口城市和重要的工业中心。作为世界上最大的未开发铜矿资源之一,Yandera项目有潜力支持Yandera走廊沿线的社区并创造就业机会。该公司预计,扬德拉铜矿项目的潜在经济影响可能跨越5个省,并为几代人创造财富,包括但不限于战略道路和骇维金属加工建设、发电和相关基础设施。
About the Yandera Copper Project
关于Yandera铜矿项目
The Yandera Copper Project is located in the highly prolific PNG Orogenic Belt in the same geological arc as some of the world's largest gold and copper deposits including Grasberg, Frieda River, Porgera, Lihir, Wafi-Golpu and Kainantu. Yandera is a project of strategic national interest in PNG and has the potential to become one of the country's most significant copper mines.
Yandera铜矿项目位于高产的巴新造山带,与格拉斯伯格、弗里达河、波格拉、利希尔、瓦菲-戈尔普和凯南图等世界上最大的一些金矿和铜矿床处于同一地质弧线上。Yandera是巴新的一个具有战略国家利益的项目,有可能成为该国最重要的铜矿之一。
A Preliminary Feasibility Study titled, Independent Technical Report on the Yandera Project - Pre-Feasibility Study*, prepared by Worley Parsons, with an effective date of November 27, 2017, estimated a historical measured and indicated resources of 728 million tonnes grading 0.39% copper equivalent.
Worley Parsons编制了一份名为《Yandera项目独立技术报告-前期可行性研究》的初步可行性研究报告,其生效日期为二零一七年十一月二十七日,该研究估计历史测量及指示资源量为7.28亿吨,品位为0.39%铜当量。
* Independent Technical Report on the Yandera Project - Pre-Feasibility Study, prepared for Era Resources Inc. and dated effective November 27, 2017. The study was prepared prior to the Company acquiring an interest in the Yandera Project, and is derived from historical estimates which the Company is not treating as current. This information is intended to provide readers with context on historical analysis conducted on the Yandera Project, however the Company cautions that a qualified person has not done sufficient work to classify any historical estimates in respect of the Yandera Project as current and any analysis conducted by previous owners of the Project may rely upon assumptions which are no longer reasonable or accurate in the context of the current market.
*关于Yandera项目的独立技术报告--前期可行性研究,为Era Resources Inc.编写,日期为2017年11月27日。这项研究是在公司收购Yandera项目的权益之前准备的,是根据公司没有视为当前的历史估计得出的。这些信息旨在为读者提供有关对Yandera项目进行的历史分析的背景信息,但公司警告说,有资格的人员没有做足够的工作来将关于Yandera项目的任何历史估计归类为当前估计,以及由Yandera项目以前的所有者进行的任何分析项目可能依赖于在当前市场背景下不再合理或准确的假设。
Qualified Person
有资格的人
Dr. Nathan Chutas, PhD, CPG, Senior Vice-President of Operations for Freeport Resources, is a qualified person for the purposes of National Instrument 43-101. Dr. Chutas has reviewed and approved the technical content in this announcement.
南森·丘塔斯博士,博士,CPG,自由港资源运营高级副总裁总裁,是符合国家仪器43-101目的的合格人员。Chutas博士已经审查并批准了本公告中的技术内容。
About Freeport Resources Inc.
关于自由港资源公司
Freeport Resources is a Canadian mineral exploration company with a primary focus on advancing the development of the Yandera copper-gold-molybdenum project, located in Madang Province, Papua New Guinea. The Yandera project is one of the largest undeveloped copper-gold deposits in the Asia-Pacific region, covering approximately 245.5 square kilometers.
自由港资源公司是一家加拿大矿产勘探公司,主要致力于推进位于巴布亚新几内亚马当省的Yandera铜-金-钼项目的开发。扬德拉项目是亚太地区最大的未开发铜金矿床之一,占地约245.5平方公里。
Please visit or contact the email address below for more information.
有关更多信息,请访问或联系下面的电子邮件地址。
On behalf of the Board,
我谨代表董事会,
Freeport Resources Inc.
自由港资源公司
Gord Friesen, Chief Executive Officer
T. (236) 334-1660
E. gord@freeportresources.com
首席执行官戈德·弗里森
电话:(236)334-1660
邮箱:e.god@freportresource ces.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
多伦多证券交易所创业板交易所及其监管服务提供商(该术语在多伦多证券交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。
This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule", "intends" and similar words or expressions identify forward-looking statements or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
本新闻稿可能包含1995年美国私人证券诉讼改革法和适用的加拿大证券法所指的某些“前瞻性陈述”。当或如果在本新闻稿中使用“预期”、“相信”、“估计”、“预期”、“目标”、“计划”、“预测”、“可能”、“计划”、“打算”以及类似的词语或表述,均为前瞻性陈述或信息。这些陈述代表了公司目前对未来事件的看法,必须基于一些假设和估计,尽管公司认为这些假设和估计是合理的,但这些假设和估计本身就会受到重大的商业、经济、竞争、政治和社会风险、或有和不确定因素的影响。许多已知和未知的因素可能导致结果、业绩或成就与此类前瞻性陈述明示或暗示的结果、业绩或成就大相径庭。除适用法律、规则和法规要求外,公司不打算也不承担任何义务更新这些前瞻性陈述或信息,以反映假设的变化或环境的变化或任何其他影响此类陈述和信息的事件。
To view the source version of this press release, please visit
要查看本新闻稿的源版本,请访问