PanAust is a copper and gold producer in Southeast Asia and has a portfolio of organic growth projects in Laos 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 prospective 2,600 square-kilometre Phu Bia Contract Area in Laos.
In Chile, PanAust owns the Carmen deposit and holds a majority interest in the nearby Inca de Oro Copper-Gold Project through an incorporated joint venture with Codelco. These assets provide the Company with geographic diversity and a base for establishing a copper business in South America, which is the world’s most prolific copper producing region.
In November 2013, PanAust entered into an share sale and purchase agreement to acquire a majority interest in the Frieda River Copper‐Gold Project in Papua New Guinea. The agreement is subject to a condition precedent relating to all applicable regulatory approvals, and has a sunset date of 30 September 2014.
PanAust shares are listed on the Australian Securities Exchange (ASX), code PNA. The Company’s corporate office is located in Brisbane, Australia.