Freeport Resources Inc.

About Freeport Resources Inc. Freeport Resources is a Canadian mineral exploration company with a primary focus on advancing the development of the Yandera copper-gold-molybdenum project, located in Madang Province, Papua New Guinea. The Yandera project is one of the largest undeveloped copper-gold deposits in the Asia-Pacific region, covering approximately 245.5 square kilometers.

Recent News

Freeport Raises $1.2 Million in First Tranche of Private Placement
Vancouver, British Columbia--(Newsfile Corp. - April 10, 2024) - Freeport Resources Inc. (TSXV: FRI) (OTCQB: FEERF) (FSE: 4XH) ("Freeport Resources" or the "Company") is pleased to announce that it has closed the first tranche of its non-brokered private placement offering (the "Offering") for gross proceeds of $1,204,000. In connection with completion of the first tranche of the Offering, the Company has issued 24,080,000 units (each, a "Unit") at a price of $0.05 per Unit. Each Unit consists of one common...
2024-04-10 8:30 AM EDT
Freeport Commences Internal Project Optimization Review for Yandera Copper Project, One of the World's Largest Undeveloped Copper Projects and Announces Private Placement
While Freeport Continues Discussions with Strategic Partners to Advance its 100%-Owned Yandera Project, it has commenced an Internal Project Optimization Review. The Review will Seek to Optimize the Project's Economics, Including via possible use of New Breakthough Direct Sulphide Leaching Technologies to achieve significant Capex/Opex reductions.Copper Prices broke $9,000/t ($4.00/lb) in recent weeks as demand for copper undergoes an unprecedented structural change driven by the global energy transition.Proximity to Asia, the world's largest copper refiner and consumer, positions the Yandera...
2024-04-04 8:00 AM EDT
Freeport Commences Discussions with Strategic Partners for Yandera Copper Project, One of the World's Largest Undeveloped Copper Projects
Freeport has Commenced Discussions with Strategic Partners to Advance its 100%-Owned Yandera Project. Copper Prices broke $9,000/t and $4.00/lb in recent days as demand for copper undergoes an unprecedented structural change driven by the global energy transition.The removal of Cobre Panama's supply and related decision by Chinese smelters to trim output due to a lack of copper concentrate adds to looming copper deficits. Proximity to Asia, the world's largest copper refiner and consumer, positions the Yandera Copper Project as...
2024-03-19 8:00 AM EDT
Freeport Announces 2 Year License Renewal for Yandera Copper Project, One of the World's Largest Undeveloped Copper Projects
Papua New Guinea's Mining Resource Authority has approved the renewal of the Yandera Copper Project's License EL 1335 through November 19, 2025. Freeport Resources is planning to commence work towards a Definitive Feasibility Study and accelerate discussions with potential strategic partners.Freeport continues its commitment to the landowners and communities of Yandera, and the people of Papua New Guinea.Demand for copper is undergoing an unprecedented structural change driven by the global energy transition, with mined copper supply now forecast to enter...
2024-02-21 8:30 AM EST
Freeport Announces License Renewal for Yandera Copper Project, One of the World's Largest Undeveloped Copper Projects
Papua New Guinea's Mining Resource Authority has approved the renewal of the Yandera Copper Project's License EL 1335 through November 19, 2023. Freeport Resources is planning to commence work towards a Definitive Feasibility Study and accelerate discussions with potential strategic partners.Freeport continues its firm commitment to the landowners, the communities of Yandera and the people of Papua New Guinea.Demand for copper is undergoing an unprecedented structural change driven by the global energy transition, with mined copper supply forecast to enter...
2023-12-11 8:30 AM EST
Freeport Resources to Present at the Papua New Guinea Resources and Energy Investment Conference
Vancouver, British Columbia--(Newsfile Corp. - December 7, 2023) - Freeport Resources Inc. (TSXV: FRI) (OTCQB: FEERF) (FSE: 4XH) ("Freeport Resources" or the "Company") is pleased to announce that Dr. Nathan Chutas, Senior Vice-President of Operations for Freeport Resources, and Tobias Kulang Thomas, Senior Advisor to the Company, will be attending the Papua New Guinea Resources and Energy Investment Conference, to be held December 10th to 13th 2023, in Sydney, Australia. Dr. Chutas will be presenting on Wednesday, December 13,...
2023-12-07 8:30 AM EST
PNG Mineral Resources Authority to Conduct Technical Site Visit at Freeport's Yandera Copper Project
Freeport Resources to provide an update on the status of the Yandera Copper Project and present plans for future project financing and technical capacity statement.Approximately US$200 million in exploration and development expenditures have been committed since 2005, including 154,600 meters of exploration drilling and completion of a Pre-feasibility Study*.As one of the largest undeveloped copper resources* in the world, Yandera has the potential to become one of PNG's most significant copper mines, supporting local communities and creating skilled jobs. ...
2023-09-19 9:00 AM EDT
Freeport Resources Provides Update on Wardens Hearing on Renewal of Exploration License for Yandera Copper Project
Vancouver, British Columbia--(Newsfile Corp. - September 12, 2023) - Freeport Resources Inc. (TSXV: FRI) (OTCQB: FEERF) (FSE: 4XH) ("Freeport Resources" or the "Company") is pleased to provide an update on the Wardens Hearing process for the renewal of Exploration License EL1335 which covers the 245.5 square kilometer concession comprising the Yandera Copper Project, located in Papua New Guinea ("PNG").The Wardens Hearing for EL 1335, which is a mandatory part of the renewal process for all exploration licenses for PNG, took...
2023-09-12 9:00 AM EDT

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