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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 SkywalkerofLukeon Aug 26, 2021 4:18pm
71 Views
Post# 33771117

$FRI.v Extends License in Papua New Guinea

$FRI.v Extends License in Papua New Guinea

Big news for $FRI.v as they announced that its application to extend Exploration License Number EL 1312  has been granted by the Papua New Guinea Minister of Mining. Term is 2 years and begins Sept 20.


Gord Friesen, CEO of the Company commented, “We at Freeport cannot overstate the importance of this renewal to the Company… Nong River (EL 1312) is the most important license in the Star Mountains portfolio and will continue to be the main focus for future work at Star Mountains.”


Great to see $FRI.v land this license, expecting drilling to begin asap. 


https://www.freeportresources.com/news-release-1/freeport-to-apply-minerva-software-platform-for-data-analysis-at-star-mountains-rcecw-fc3ct

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