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Jul 2003 - Pan Aust Resources

Pan Australian Resources NL (PNA) – Phu Bia Gold Project Approaching the Completion of its Pre-feasibility Study

  • The current focus for PNA is the completion of its pre-feasibility study which is on schedule for September 2003. Perhaps not surprisingly, Phu Kham (which literally translated means “mountain” of gold) is shaping up as the most prospective area with spectacular intersections such as GRC58’s 30m at 3.7g/t in the oxide gold cap ending in mineralisation and showing fairly regular grade continuity throughout the drillhole.
  • PNA provided targets in a presentation in late July 2003 of potentially commencing production from its Phu Bia Gold Project in late 2004, increasing to an annualised rate of 50,000ozpa gold from 2005, and then rising to 110,000ozpa gold and 50,000tpa copper as the Phu Kham copper-gold orebody (beneath the gold cap) comes into production from 2007.
  • The pre-feasibility study appears to be heading towards a combined 1.5mt to 2.0mtpa CIL and heap-leach plant located at Phu Kham (PK), possible trucking from Long Chieng Track (LCT) and a heap-leach at Ban Houayxai (BH).
  • Although the infrastructure is already reasonably good, it is being dramatically upgraded by the new south to north power line from the hydro-power station through to Phonsavan, which bypasses about 8km east of Phu Kham and is scheduled for completion in December 2003. A partly sealed road parallel to the power line is also scheduled for completion some 2 years’ later.
  • Written by: Keith Goode
  • Wednesday, 30 July 2003