Metals and Mining
Company Overview of PanAust Limited
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
Brisbane, QLD 4006
Key Executives for PanAust Limited
General Manager of Operations
President of PanAust South America and Executive General Manager of PanAust South America
General Counsel & Company Secretary
Compensation as of Fiscal Year 2017.
PanAust Limited Key Developments
PanAust Limited Presents at Papua New Guinea Mining and Petroleum Conference, Nov-30-2017 12:40 PM
Nov 21 17
PanAust Limited Presents at Papua New Guinea Mining and Petroleum Conference, Nov-30-2017 12:40 PM. Venue: The Stanley Hotel, Port Moresby, Papua New Guinea. Speakers: Fred Hess, Managing Director and Director.
Metro Mining Limited Enters Agreement to Farm Out its Interest in Mahar San Exploration Project in Myanmar to PanAust Limited
Dec 9 16
Metro Mining Limited has entered an agreement to farm out its interest in Mahar San exploration project in Myanmar to PanAust Limited. PanAust will commence exploration of Mahar San in early 2017. The Mahar San project is in the Sagaing Region of northern Myanmar, approximately 220 km north northwest of Mandalay. It lies within the Mesozoic to Tertiary Central Volcanic Magmatic Arc and is prospective for various styles of copper, gold and base metal mineralization. Following the successful acquisition of Gulf Alumina Limited, the farm-out of the Myanmar exploration interests will allow Metro to remain totally focused on the development of its bauxite resources on Cape York while retaining an interest in the upside to be realized from successful exploration of Mahar San. On June 10, 2016 Metro announced that it had signed a joint venture agreement to acquire 80% of the Mahar San Project and that it was engaged in discussions with potential funding parties which have an interest in Myanmar. The farm out agreement provides for PanAust to progressively earn an interest in Metro's Myanmar company which has the interest in the Mahar San project by the phased funding of exploration expenditure as set out below: Phase 1 PanAust has the exclusive option to explore the project for one year in exchange for funding all operating costs including an agreed drilling program. Phase 2 PanAust has the option to acquire 63.75% of Metro's interest in the project for a further USD 3 million expenditure on agreed exploration programs plus reimbursement of USD 500,000 of Metro's historical costs. Phase 3 PanAust has the option to acquire an additional 18.75% of Metro's interest in the project for a further USD 5 million expenditure on exploration. Phase 4 PanAust has the option to purchase Metro's remaining 17.5% of Metro's interest in the project for USD 9.5 million. If PanAust does not exercise the option Metro may elect to either contribute to its share of project expenditure or convert its interest to a 2% Net Smelter Royalty over production. This phase must be completed within 10 1/2 years of the date of execution of the agreement. Under the agreement with PanAust Metro is required to continue working towards satisfying the Mahar San joint venture agreement conditions precedent.
PanAust Limited Presents at 3rd Annual International Mining and Resources Conference, Nov-07-2016 through Nov-10-2016
Nov 2 16
PanAust Limited Presents at 3rd Annual International Mining and Resources Conference, Nov-07-2016 through Nov-10-2016. Venue: Melbourne Convention and Exhibition Centre, South Wharf, Victoria, Australia. Presentation Date & Speakers: Nov-09-2016, Dirk Baas, Senior Advisor Process Control. Nov-10-2016, Adrian Bell, General Manager Human Resources and Risk Management.
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