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Freeport Resources Inc V.FRI

Alternate Symbol(s):  FEERF

Freeport Resources Inc. is a Canadian mineral exploration company with a primary focus on advancing the development of the Yandera copper-gold-molybdenum project, located in Madang Province, Papua New Guinea. The Company owns 100% of the Yandera project. The Yandera project is one of the largest undeveloped copper-gold deposits, covering approximately 245.5 square kilometers. The Yandera Copper Project is located in the highly prolific PNG Orogenic Belt, the same geological arc as some of the world’s largest deposits, including Grasberg, Frieda River, Porgera, Lihir, Wafi-Golpu and Kainantu. 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 Limited and Yandera Mining Company (Holdings) Pty Limited.


TSXV:FRI - Post by User

Post by Swedeprofon Apr 15, 2021 1:26pm
280 Views
Post# 33003897

Copper price blasting & Star Mountains a potential take-out

Copper price blasting & Star Mountains a potential take-out
World's two largest #gold miners are making the move to build their #copper position. $NEM Newmont to acquire $GTT.v in the Golden Triangle and $ABX Barrick to grow portfolio organically after $FCX deal fell through. On a note Barrick is now in the good books with PNG government, and restarting their Porgera Mine. $FRI.v $FRI (Freeport Resources) Star Mountains project is in proximity and it's a HUGE 501 sq km Copper/Gold Porphyry with 3.8 BILLION  pounds of Copper Equivalent., and under explored. I see an eventual take out by a big miner, or Chinese firm.... stock also coming up off of it's lows.
 
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