Targeted acquisitions

PanAust continues to search for opportunities to invest in copper and/or gold projects globally. The Company is targeting advanced projects that are in production or can be brought into production within a few years and are of suitable mine life and cost structure.

Contract Area exploration, Laos (PanAust 90 per cent)

In 2017, drilling at Pha Piang and Phu Dok On in the Company's 2,600 square-kilometre Contract Area in Laos was completed. The results from this drilling were not compelling enough to continue exploration of the targets tested.

At the KTL Copper-Gold Project, no material site activities are currently being undertaken or are planned.

Inca de Oro Copper-Gold Project (PanAust 66 per cent), Carmen deposit (PanAust 100 per cent), Chile

PanAust completed a feasibility study on the Inca de Oro Project in 2014. No material site activities were undertaken at Inca de Oro or the nearby Carmen deposit in 2016, or are planned.