Thailand - Puthep

In Thailand, PanAust holds a shareholding interest of 49 per cent in the Thai-registered company, Puthep Company Limited (Puthep). A publicly listed Thai entity, Padaeng Industry Public Company Limited (Padaeng) owns the other 51 per cent interest. Puthep has a concession agreement with the Government of Thailand covering two deposits (PUT1 and PUT2) that comprise the Puthep Copper Project.

The joint venture is undertaking a strategic review of the Puthep Copper Project including investigating the potential for selling the asset. From PanAust’s perspective, the Project does not rank as highly as other growth opportunities the Company has in its pre-development portfolio.