Freeport Resources awarded licence renewal for Yandera copper project in PNG
The renewal would allow Freeport to begin work on a definitive feasibility study for what it calls one of the world's largest undeveloped copper resources.
The Vancouver-based miner said exploration activities at Sawyer Camp have not generated enough encouragement to justify the continued allocation of budget and effort.
At the heart of the case is the free entry mineral claim system that allows anyone to file a mineral claim without notifying or engaging with First Nations.