PanAust thinks big at Frieda

CHINESE-owned PanAust has outlined a much larger-than-expected development for the Frieda River copper-gold project in Papua New Guinea, outlining a hefty $US3.6 billion price tag.

PanAust thinks big at Frieda PanAust thinks big at Frieda PanAust thinks big at Frieda PanAust thinks big at Frieda PanAust thinks big at Frieda

A 2012 feasibility study by former owner Xstrata flagged capital costs of $5.6 billion but PanAust said the proposed development was too big and indicated capital costs of $1.5-1.