Highlands Pacific Limited’s (ASX:HIG) joint venture partner and project manager PanAust Limited, a wholly-owned subsidiary of Guangdong Rising Assets Management Co Ltd, has lodged with the Mineral Resources Authority (MRA) of Papua New Guinea an amended Proposal for Development in relation to the Frieda River Project’s Special Mining Lease (SML) application.
A link to a copy of the announcement is below:
Frieda River Project Permitting Update
Highlands Pacific Limited (ASX:HIG) has received a feasibility study for the Frieda River Copper-Gold Project in Papua New Guinea from the project manager PanAust Limited, a wholly-owned subsidiary of Guangdong Rising Assets Management Co Ltd (GRAM).
A download link to the announcement is below.
Frieda River Feasibility Study
The 2018 Horse-Ivaal-Trukai, Ekwai and Koki (HITEK) Ore Reserve estimate for the Frieda River Copper-Gold Project at September 2018 is reported according to the 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). The 2018 HITEK Ore Reserve is supported by the Sepik Development Project Feasibility Study (Feasibility Study) completed in 2018. This Ore Reserve estimate replaces the 2017 HITEK Ore Reserve estimate.
A link to the copy of this announcement is below.
Frieda Reserve Update
A link to the Quarterly Activities Report for the period ended 30 September 2018 is below.
Sept 2018 Quarterly Report_Final
Highlands Pacific Limited (ASX:HIG) has appointed Mr Ernie Gangloff as a Non-Executive Director, replacing Mr Bart Philemon, who has retired from the Board.
A link to the full announcement is below.
Highlands Pacific Limited (ASX:HIG) has noted recent media reports regarding a potential expansion of the Ramu nickel and cobalt project in Papua New Guinea, in which Highlands holds an 8.56% interest (increasing to 11.3% upon repayment of project loans to Metallurgical Corporation of China Limited (MCC).
A link to the full announcement is below:
Ramu Project Expansion
Highlands Pacific CEO, Craig Lennon, delivered the attached presentation at the Morgans PNG Investor Tour being held at The Stanley Hotel, Port Moresby.
Click on the download link to view the complete presentation.
Morgans PNG Presentation Sept 2018
A strong operating performance at the Ramu Nickel and Cobalt mine has enabled Highlands Pacific Ltd (ASX:HIG) to report a net profit of US$36.1 million for the six months to June 2018, up from US$1.5 million for the prior corresponding half year.
Download link to a full copy of the announcement is below.
Financial Results June 2018