August 30, 2016 1:27 AM ET

Metals and Mining

Company Overview of PanAust Limited

Company Overview

PanAust Limited produces, explores for, and evaluates mineral properties in Laos, Papua New Guinea, and Chile. The company explores for copper, gold, and silver deposits. Its primary properties include Phu Kham Copper-Gold and Ban Houayxai Gold-Silver properties located in Phu Bia Contract Area in Laos. The company is headquartered in Brisbane, Australia. As of May 27, 2015, PanAust Limited was taken private.

15 James Street

Level 1

Fortitude Valley

Brisbane, QLD 4006

Australia

3,721 Employees

Phone:

61 7 3117 2000

Fax:

61 7 3846 4899

Key Executives for PanAust Limited

Managing Director and Director
General Manager of Operations
President of PanAust South America and Executive General Manager of PanAust South America
Compensation as of Fiscal Year 2016.

PanAust Limited Key Developments

Highlands Pacific Ltd and PanAust Limited Lodges Frieda River Special Mining Lease Application to Mineral Resources Authority

Highlands Pacific Ltd. and PanAust Limited lodged a Special Mining Lease (SML) application to the Mineral Resources Authority of Papua New Guinea for the Frieda River copper gold project. The lodgment satisfies a condition of the key Exploration License (EL58) that an application for an SML in respect of the Frieda River project be made on or before June 30, 2016. Highlands holds a 20% interest in the Frieda River Joint Venture, with PanAust, which is the manager of the project, holding 80%. The SML application comprises a Proposal for Development, which incorporates the feasibility study report and further supporting documents including an Employment and Training Plan, Landownership Study, and Business Development, Supply and Procurement Plan. An Environmental Impact Statement is currently being prepared for the project and is scheduled for submission in the December quarter 2016.

PanAust Seeks Acquisitions

PanAust Limited is looking for acquisition opportunities. PanAust Limited keen to buy assets with its new-found financial strength. PanAust was acquired by Chinese state-owned entity Guangdong Rising Asset Management about a year ago PanAust's managing director Fred Hess said the new ownership structure opened new possibilities for the Brisbane company. "As a result of that, particularly in the current environment, it opens up some opportunities that would not have otherwise existed for us, both in terms of focusing on the existing organic growth opportunities that we have and also looking further afield at the potential for acquisitions," Dr Hess said.

PanAust Limited Announces Exploration Licences in Myanmar

PanAust Limited announceD that the company has been granted three Exploration Licences in Myanmar. The Exploration Licences comprise three blocks - Hel Chain, Pin Hin Hka and Nam Awl - which provide the company with the first phase of a contract area that PanAust aims to build into a package of tenements covering 1,400 square-kilometres in the Sagaing Division in Myanmar. Sagaing Division is located in the northern region of the country and is considered to be highly prospective for copper and gold. Basic reconnaissance work has commenced at the site and historical exploration data undertaken by western mining companies during the 1990s has been made available to PanAust by the Government of Myanmar. This data is currently under review. PanAust Managing Director, Dr. Fred Hess said the Company is delighted to have entered Myanmar and the Exploration Licences fit well with PanAust's corporate strategy to maximise returns from producing assets while advancing projects that offer potential to sustain and grow the business in the long term.

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Recent Private Companies Transactions

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Date
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No transactions available in the past 12 months.
 

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