Highlands executes Scheme Implementation Agreement with Cobalt 27

Highlands Pacific Limited (ASX:HIG) has entered into a Scheme Implementation Agreement (“SIA”) with Cobalt 27 Capital Corp. under which Cobalt 27 has agreed to acquire all of the shares in Highlands which it does not already own by way of a Scheme of Arrangement (“Scheme”) under the PNG Companies Act.  Cobalt 27 is currently the largest holder of Highlands shares, holding an interest of approximately 13%.

A download link to the announcement is below:

ASX Announcement – Cobalt 27 scheme 02.01.19

Frieda River Project Permitting Update

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

Frieda River Ore Reserve Update

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

1 2 3 4 5 14