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PERTH-based explorer Frontier Resources has announced an 88% increase upgrade to its inferred resource estimate at the Kodu copper deposit in PNG to 203 million tonnes at 0.47% copper equivalent.
"The revised inferred resource has exceeded the 200 million tonne hurdle, indicating it could have the critical mass to move towards production," said company managing director Peter McNeil.
Shares soar on debut as new vehicle brings Cassini's early-stage assets back to market
Frontier soars on PNG rock chip grades
