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Freeport Resources Reports PNG Government in Support of Yandera Copper Project and Closes Final Tranche of $3.5 Million Private Placement
PNG's Prime Minister, the Hon. James Marape, expressed his support of the Yandera Copper Project,...
About this update from Freeport Resources Inc.
[{"type":"text","content":"Freeport Resources Reports PNG Government in Support of Yandera Copper Project and Closes Final Tranche of $3.5 Million Private PlacementPNG's Prime Minister, the Hon. James Marape, expressed his support of the Yandera Copper Project, a nationally important project promising long-term value for the country.The Yandera Copper Pre-Feasibility Study* demonstrates the project's potential as a large-scale, open-pit copper mining operation with annual production of 100,000 tonnes of copper over a 20-year LOM. Freeport Resources is in discussions to advance Yandera Copper, one of the largest undeveloped copper projects in the world, to Feasibility Study and Final Investment Decision. Materially higher copper, gold and molybdenum prices could result in higher revenues, positively impact cash flow, and support the potential for a significant value re-rate.Vancouver, British Columbia--(Newsfile Corp. - January 12, 2026) - Freeport Resources Inc. (TSXV: FRI) (OTCQB: FEERF) (FSE: 4XH) (\"Freeport Resources\" or the \"Company\") today announced that the Government of Papua New Guinea (\"PNG\") has expressed support of the Yandera Copper Project, one of the largest undeveloped copper projects in the world.Meetings with PNG GovernmentDr. Nathan Chutas, Senior Vice President Operations, Freeport Resources, and Tobias Kulang Thomas, Senior Advisor, recently met with the Honourable Vincent Kumara, newly elected Member of Parliament for Usino-Bundi in Madang Province, to discuss potential regional benefits of the large-scale Yandera Copper Project. Freeport Resources is committed to strengthening the Company's relationship with the Government of PNG and local communities while working to advance the Yandera Copper Project toward a Feasibility Study and Final Investment Decision. The Company also notes PNG's Prime Minister, the Honourable James Marape, in his opening address at PNG Investment Week in December 2025, expressed his support of Yandera Copper and commitment to securing greater benefits for the local people of Usino-Bundi to ensure the region's economic development. The Government of PNG is focused on advancing the country's economy through the development of strategically important mineral and mining projects such as Yandera Copper and ensuring greater benefits and local participation in PNG's resource sector which significantly contrib...