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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 PistolTucoon Sep 15, 2023 2:13pm
160 Views
Post# 35638741

Wardens Hearing - Renewal?

Wardens Hearing - Renewal?

So basically theWardens Hearing happened but no results or license renewal confirmation from FRI "supportive" is not definitive.....need the renewal for Nov 19, 2025 to be granted/approved....

The Wardens Hearing for EL 1335, which is a mandatory part of the renewal process for all exploration licenses for PNG, took place on May 29, 2023 at Yandera, with all principal landowners present.  The meeting was conducted by senior Mineral Resources Authority (“MRA”) Mining Warden Mr. Kopi Wapa.  The communities and landowners were supportive of renewal of EL 1335 and look forward to the advancement of the Yandera Copper Project. We need the renewal application confirmaton for the extension to Nov 19, 2025....

The Yandera Copper Project is within EL 1335, which is administered by the MRA under the Mining Act of 1992 of PNG.  Renewals of exploration licenses are two-year terms.  This Wardens Hearing was for the renewal of EL 1335 for the term ending on November 19, 2023, as well as the application for a renewal extending the term of EL 1335 through November 19, 2025. 

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