PanAust has a corporate strategy focused on growth by discovery, acquisition and development. Key components of this strategy are:
- a commitment to progressing capital-efficient organic growth opportunities
- the acquisition of copper assets that are in production or the pre-development phase
- the pursuit of an active exploration and resource development program in Laos.
During 2011 and 2012, PanAust invested approximately US$300 million on two projects that provide a platform for a pipeline of pre-development and exploration projects that should maintain a strong growth profile for the Company over the medium to long term. The two projects, Ban Houayxai and the Phu Kham Upgrade, were successfully brought on line during 2012 and since commissioning have both exceeded design processing rates.