HIG 0.00% 10.5¢ highlands pacific limited

new focus hor hoghlands

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    Highlands Pacific focuses on Kainantu


    Posted:05/22/2003 11:00:00 AM | © Mineweb 1997-2003




    JOHANNESBURG – Australian gold miner Highlands Pacific has said that its big focus for 2003 is to develop the high grade Kainantu gold project in Papua New Guinea.
    Asia Pulse reports that Highlands Pacific chairman Robert Bryan told shareholders at the recent annual general meeting in Port Moresby that there were still a few hurdles left to be cleared in the development of Kainantu. He said the gold project still required the satisfactory completion of its definitive feasibility study and needed project finance to be available for draw down.

    Kainantu's mining resource contained in excess of 450,000 ounces of gold with operating costs estimated to be in the range of $105 - 115 per ounce of gold. The total Kainantu gold resource is estimated to contain around 1.15 million ounces of gold.


 
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