PanAust is a copper and gold producer in Laos with pre-development opportunities in Laos, Papua New Guinea, Myanmar and Chile.
PanAust’s producing assets are the Phu Kham Copper-Gold Operation and the Ban Houayxai Gold-Silver Operation; both are located in the Company’s 2,600 square-kilometre Phu Bia Contract Area in Laos.
In Papua New Guinea, PanAust holds an 80 per cent interest in the Frieda River Copper-Gold Project with the remaining 20 per cent held by Highlands Pacific, a company incorporated in Papua New Guinea. Frieda River is one of the largest known undeveloped copper and gold deposits in the world and offers PanAust excellent potential for the establishment of a long-life operation.
In Myanmar, PanAust holds an 80 per cent interest in Wuntho Resources Company Limited (WRCL) and has established a joint venture with Myanmar Energy Resources Group International Company Limited (MERG), a Myanmar based company, which holds the remaining 20 per cent of WRCL. WRCL owns 100 per cent of the rights to areas covered by three Exploration Licences in the Sagaing Division of Myanmar.
Also in Myanmar, PanAust has a farm-in agreement with Australian exploration and mining company, Metro Mining Limited over the Mahar San Exploration Project in the Sagaing Division.
The strategic direction of the Company is to maximise returns from its producing assets while advancing pre-development projects that offer potential to sustain and grow the business in the long term.
PanAust is an Australian incorporated company that is owned by Guangdong Rising H.K. (Holding) Limited which is a wholly owned subsidiary of Guangdong Rising Assets Management Co. Ltd (GRAM). GRAM is a Chinese state-owned company regulated under the State-owned Assets Supervision and Administration Commission, the People’s Government of the Guangdong Province in China. GRAM operates as an investment company in mineral resource development, electronics, industrial waste management, real estate and finance.