PanAust puts projects on the block

PANAUST is considering the sale of two Chilean copper assets after receiving unsolicited interest.

PanAust puts projects on the block PanAust puts projects on the block PanAust puts projects on the block PanAust puts projects on the block PanAust puts projects on the block

The company holds 66% of the Inca de Oro copper-gold project in partnership with Codelco, and 100% of the nearby Carmen deposit.

PanAust said several parties had expressed interest in acquiring the projects and in conjunction with Codelco, the sales were being considered.

The partners have invited interested parties to participate in a sales process.

PanAust picked up its Inca de Oro stake from Codelco in early 2011 and released a feasibility study in 2014.

The study outlined a 9 million tonne per annum development over 22 years to produce a total of 881,000 tonnes of copper, 527,000 ounces of gold and 7.8 million ounces of silver.

Using metal pric...

topics

loader