Bulago
Bulago Exploration License
Bulago
Bulago Exploration License
Frontier Resources Ltd is an innovative and socially responsible mineral exploration company that listed on the Australian Stock Exchange in 2003 (ASX code FNT). Frontier is focused on discovering copper-gold-molybdenum porphyry, high grade and bulk  mineable gold/ silver epithermal and gold + base metal skarn deposits in the highly mineralised Pacific 'Rim of Fire' in Papua New Guinea. The strategy is  to develop, joint venture or sell the deposits/ELs, whichever maximises Frontier's shareholder value.
A $6 million Placement into Frontier was completed on 19th June 2018, with Forise Investment Sydney Pty Ltd (Forise). Forise is a subsidiary of one of the largest non-bank financial institutions in China Shares were A$0.016 per share with an attaching option on a 1:2 basis 2-year term exercisable at A$0.029.  This represents 78% of total shares on issue post placement and 84% fully diluted.  The Board of Directors of Frontier will continue as at present and Forise’s 3 elected Directors have been appointed.
Frontier owns 100% of the Bulago (EL 1595) and Muller (EL 2356) Exploration Licences, that have very good exploration results in drill holes and trenches. Both ELs are in the same  geological terrane as existing World Class and/or major mines such as Ok Tedi and Porgera. Harmony Gold's new porphyry copper-gold discovery at Kili Teke is located only 50km to the NE of Bulago. 
Frontier Resources Ltd is an innovative and socially responsible mineral exploration company that listed on the Australian Stock Exchange in 2003 (ASX code FNT). Frontier is focused on discovering copper-gold-molybdenum porphyry, high grade and bulk  mineable gold/ silver epithermal and gold + base metal skarn deposits in the highly mineralised Pacific 'Rim of Fire' in Papua New Guinea. The strategy is  to develop, joint venture or sell the deposits/ELs, whichever maximises Frontier's shareholder value.
A $6 million Placement into Frontier was completed on 19th June 2018, with Forise Investment Sydney Pty Ltd (Forise). Forise is a subsidiary of one of the largest non-bank financial institutions in China Shares were A$0.016 per share with an attaching option on a 1:2 basis 2-year term exercisable at A$0.029.  This represents 78% of total shares on issue post placement and 84% fully diluted.  The Board of Directors of Frontier will continue as at present and Forise’s 3 elected Directors have been appointed.
Frontier owns 100% of the Bulago (EL 1595) and Muller (EL 2356) Exploration Licences, that have very good exploration results in drill holes and trenches. Both ELs are in the same  geological terrane as existing World Class and/or major mines such as Ok Tedi and Porgera. Harmony Gold's new porphyry copper-gold discovery at Kili Teke is located only 50km to the NE of Bulago. 


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