Post by
PistolTuco on Sep 27, 2023 11:57am
Freeport Resources - FRI $.03 stock...Progress
Vancouver, 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.