Frieda River Limited

The Sepik Development Project being delivered by Frieda River Limited (FRL) represents a nation-building prospect for Papua New Guinea, and a transformative development opportunity for the East and West Sepik provinces. The Project will help build stronger and more viable communities by stimulating critical public infrastructure, generating skilled employment, and creating business opportunities for local people. Discovered in the 1960s, the copper-gold deposit on FRL’s site is one of the largest known undeveloped copper and gold deposits in the world. The project is in the permitting phase and development of the project will not commence until after required permits, agreements and authorisations are obtained. FRL is a Papua New Guinea incorporated company. FRL has been operating in Papua New Guinea since 2015 and is a wholly-owned subsidiary of Australian headquartered company, PanAust Limited. PanAust Limited is owned by Guangdong Rising H.K.(Holding) Limited which is a wholly owned subsidiary of Guangdong Rising Holding Group Co. Ltd.