Targeting copper – gold in the world class Mount Isa Region (GBM 46.2% interest)
Pan Pacific Copper is an alliance of JX Nippon Mining & Metals and Mitsui Mining & Smelting. GBM is the manager of the Joint Venture and retains a free carried interest of 10% through to completion of a bankable feasibility study (BFS). These projects are part of a Farm-In JV arrangement and to date they have sole funded A$16.8m of exploration on the JV. PPC can elect to spend up to A$55m and deliver a BFS to earn up to 90% of the projects.