Freeport Resources is advancing one of the largest undeveloped copper deposits in the world. Freeport’s wholly-owned, pre-feasibility stage Yandera Copper Project is strategically located within the New Guinea Orogenic Belt, host to world class ore bodies such as Grasberg, Ok Tedi, Porgera, Hidden Valley, Wafi-Golpu and Frieda River.
Management and the Board have significant in-country experience and a proven track record of developing and financing large-scale resource projects. Papua New Guinea is a resource focused economy with in-country operations by the some of the world’s largest resource companies.
The Yandera Copper Project has seen capital expenditures estimated in excess of USD $200 million since its initial discovery. To bring the project to production, it is expected that between USD $900 million to $1.3 billion is required in additional investment with an estimated IRR of 20+%.
The Yandera Pre-feasibility Study* (PFS) completed in 2017 outlines a large and efficient open pit mine producing 33Mt of ore per annum, and a total of 540Mt over a 20-year life of mine, with an average stripping ratio of 1.36. The Yandera project is expected to be a significant contributor to the economy of Papua New Guinea for generations to come.
