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Freeport Resources Inc V.FRI

Alternate Symbol(s):  FEERF

Freeport Resources Inc. is a Canada-based junior mineral exploration company. The Company is engaged in the exploration of mineral properties. The Company operates through one geographical segment: Papua New Guinea. The Company’s projects are Star Mountain Property, and Yandera Copper Project. Star Mountains Property copper and gold porphyry project in Papua New Guinea (PNG) comprising four tenements located 25km east of the giant Ok Tedi mine. The Yandera Copper Project deposit is located approximately 95 kilometers (Km) southwest of the city of Madang, within the Bismark Mountain Range in PNG. The Company’s subsidiaries include Quidum Resources Inc, Highlands Pacific Resources Ltd., Carpo Resources Inc., Era Resources Inc., Marengo Mining (Australia) Pty Limited, Yandera Mining Company (Holdings) Pty Limited and Yandera Mining Company Limited.


TSXV:FRI - Post by User

Post by PistolTucoon Sep 27, 2023 11:57am
108 Views
Post# 35657086

Freeport Resources - FRI $.03 stock...Progress

Freeport Resources - FRI $.03 stock...ProgressVancouver, Canada, September 19, 2023 - Freeport Resources Inc. (TSXV: FRI) (OTCQB: FEERF) (FSE: 4XH) (“Freeport Resources” or the “Company”) is pleased to announce the Mineral Resources Authority (“MRA”) of Papua New Guinea (“PNG”) is scheduled to conduct a Technical Site Visit for the renewal of Exploration License (“EL”) 1335, which covers the 245.5 square kilometer concession comprising the Company’s wholly-owned Yandera Copper Project. Representatives of MRA and the Company are scheduled to carry out compliance and inspection activities during the five-day Technical Site Visit to begin September 25 and conclude September 29, 2023. The Technical Site Visit is part of the EL 1335 renewal process and follows the successful completion of the onsite MRA Wardens Hearing which took place on May 29, 2023, with principal landowners present and supportive of the Company’s renewal application. The Company expects the MRA and Mining Advisory Council to conclude their review shortly after the site visit and anticipate EL 1335 will be recommended for renewal to the Minister for Mining which would render the status of the permit current.
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