PanAust’s corporate office in Brisbane Australia provides leadership and support across the Group in relation to strategy, financial management, commercial and technical services, risk management, sustainability, corporate communications, human resources, governance and reporting.
Asia business unit
The Asia business unit has responsibility for operations in Laos and for supporting the implementation of business development strategies within Laos and the region.
PanAust owns a 90 per cent interest in the Lao-registered company, Phu Bia Mining Limited (‘Phu Bia Mining’); the Government of Laos owns the remaining 10 per cent. Phu Bia Mining has a Mineral Exploration and Production Agreement with the Government of Laos which regulates exploration, development and mining activities within the Contract Area, and sets out the tax and royalty obligations.
PanAust holds an 80 per cent interest in Wuntho Resources Company Limited (WRCL) and has established a joint venture with Myanmar Energy Resources Group International Company Limited (MERG), a Myanmar based company, which holds the remaining 20 per cent of WRCL. WRCL owns 100 per cent of the rights to the areas covered by the Exploration Licences.
PanAust owns a 66.2 per cent interest in the Inca de Oro Project through a Chilean incorporated joint venture company, Inca de Oro S.A. PanAust also has a 100 per cent interest in the nearby Carmen deposit.
Project Development business unit
The Project Development business unit is responsible for the Company’s development projects (including the Frieda River Copper-Gold Project) and technical support for operational improvement. It is responsible for technical studies and project implementation to deliver capital-efficient project development and strategic improvement initiatives to support and enable the Company’s growth.