Freeport Resources

Freeport Resources is focused on the development of its 100% owned Yandera Copper Project, one of the largest undeveloped copper deposits in the world and the largest undeveloped copper project in Asia, the world’s leading copper refiner and consumer.

• Yandera Copper is an advanced-stage copper project located in Papua New Guinea with over US$300 million invested in exploration and development to date.
• This includes a 2017 Pre-Feasibility Study by Worley Parsons, which estimated a historical resource of 728 million tonnes of Measured and Indicated grading 0.39% copper equivalent*.
• The 2017 Pre-Feasibility Study was based on copper prices of $3.35/lb, $10.00/lb molybdenum, and $1,400.00/oz gold*.

Yandera Copper is situated 95-km southwest of the capital city of Madang Province and 235-km to the northwest of Lae which is the largest port city in PNG and an important industrial center.  It is located within the highly prolific PNG Orogenic Belt, the same geological arc as some of the world’s largest deposits including Grasberg, Frieda River, Porgera, Lihir, Ok Tedi, Wafi-Golpu and Kainantu.  

In addition to its significant historical resource base and strategic location, the project offers tremendous potential for growth, particularly with rising copper prices and opportunities for resource expansion.  The Company anticipates the potential economic influence of the Yandera Copper Project could span 5 provinces and create wealth for generations including, but not limited to, strategic road and highway building, power generation and related infrastructure.

Optimization Study

In October 2024, Freeport Resources appointed key advisors, Practara (Pty) Ltd, to lead the Yandera Copper Project Optimization Study.  Practara brings extensive experience, including their previous role in OPEX and financial modelling for the Wafi-Golpu Project in PNG.

The Optimization Study is a two-part study being undertaken to maximise the project’s value, including updating the project economics and reviewing the possible use of new break-though technologies to achieve significant Capex/Opex reductions. 

Freeport is in discussions with potential strategic partners to advance the project through Definitive Feasibility Study and development of the mine.  By identifying key value drivers, the Optimization Study aims to position Yandera for future development and strengthen its case for further investment.

* The PFS was prepared prior to the Company acquiring an interest in the Yandera Copper Project, and is derived from historical estimates which the Company is not treating as current. This information is intended to provide readers with context on historical analysis conducted on the Yandera Copper Project, however the Company cautions that a qualified person has not done sufficient work to classify any historical estimates in respect of the Yandera Copper Project as current and any analysis conducted by previous owners of the Yandera Copper Project, may rely upon assumptions which are no longer reasonable or accurate in the context of the current market.

Cash: CAD 4,000,000
Debt: NIL

Major shareholders:
Michael Beck -9.9%
Mark Schipperheijn -9.9%
Steven Dattels -9.9%
Management Ownership – 40 %