The Frieda River Copper-Gold Project Brisbane Mining Club May 2015
The Frieda River
Copper-Gold Project
Brisbane Mining Club May 2015
PanAust Limited
Two Operations
in Laos
PanAust Limited 2015 guidance
74,000 to 76,000t
195,000 to 205,000oz
1.4 to 1.5Moz
GRAM – change in control
First PNG experience
with CRA (now RIO)
Bougainville, Papua New Guinea
Mining rate 125Mtpa
550,000oz pa
Processing rate 50Mtpa
175,000t pa
5,000 direct employees
Paying excess profit tax at rate of 66% immediately prior to closure
Closed (effectively) May 1989
Average grinding mill availability > 99% (<100 hours downtime pa)
Six year later…paradise lost
Six year later…paradise lost
25 years later…
Second PNG experience
with PanAust
Why return to PNG?
The Frieda River Project
Is a big
resource
Inexpensive
Looked familiar
We could see a
pathway to
unlocking value
Strong government and
community support
PanAust will succeed
Because it
has a
track record
of doing
things well!
Deploying capital wisely through specification of the project scope of work
Developing projects in remote third world locations
Driving operations hard for both production and cost outcomes
FUNDING
ORE BODY
Previous concept
PanAust’s concept
SCOPE OF WORK
Recipe for a new mine
FUNDING Phase one
ORE BODY
Previous concept
PanAust’s concept
Recipe for a new mine
SCOPE OF WORK Phase one
Phase two
Phase two
Development concept then
290,000oz pa
190,000t pa
Development concept
200,000oz pa
Development concept
125,000t pa
Development concept now
0
10,000
20,000
30,000
40,000
50,000
60,000
Pebb
le (
+55
Mt)
Re
ko
Diq
Re
so
lution
Co
bre
Pana
ma
Kam
oa
Ud
okan
Tam
pakan
El P
acho
n
Frie
da R
iver
(Glo
bal)
Que
llaveco
Wafi G
olp
u
Sie
rra G
ord
a
Frie
da R
iver
(HIT
)
Agua
Ric
a
Ayn
ak
Re
lincho
Ce
rro C
asale
West W
all
Ca
rrap
ate
ena
Sch
aft C
reek
Akto
gay
El M
orr
o
Ha
quira
Gale
no
Bosch
ekul/B
ozsha
ko
l
Ca
naria
co
Mic
hiq
uill
ay
Santo
Dom
ingo
Co
roccoh
uayco
Pum
pkin
Hollo
w U
nde
rgro
un
d
Tia
Ma
ria
Inca
de O
ro
Xio
ngcun
No
va
Bo
lling
er
Anta
s
Minera
l R
esourc
e C
onta
in
ed C
opper E
quivalent (K
t)
Undeveloped Copper Projects
* Wood Mackenzie, March 2015
0
5,000
10,000
15,000
20,000
25,000
30,000
Minera
l R
esourc
e C
onta
in
ed C
opper
Equivalent (kt)
Undeveloped Copper Projects
('Highly Probable'*)
* Wood Mackenzie, March 2015
Familiar terrain
Strong government and
community support
Leveraging existing
operational excellence
Wet weather
Training
International recognition
Em tasol
Lukim yu bihain
Important notices
This presentation has been prepared solely for informational purposes and not as specific advice to any particular party or person. The information is based on publicly available information, internally developed data and other sources. No independent verification of those sources has been undertaken and where any opinion is expressed in this presentation it is based on the assumptions and limitations mentioned herein and is an expression of present opinion only. No warranties or representations can be made as to the origin, validity, accuracy, completeness, currency or reliability of the information. PanAust Limited (Company) disclaims and excludes all liability (to the extent permitted by law), for losses, claims, damages, demands, costs and expenses of whatever nature arising in any way out of or in connection with the information, its accuracy, completeness or by reason of reliance by any person on any of it. The Company does not have any obligation to advise any person if it becomes aware of any inaccuracy in, or omission from, the information contained in this presentation.