An updated estimate of the mineral resource at the Puthep deposit in northern
Pan Australian's direct equity share would be at least 30,000 tonnes a year, it said.
The deposit is located within a three hour drive of the Australia-based company's regional head office in neighbouring
A feasibility study into mining the Puthep deposit was due to be completed in the first half of 2009, according to the company.
Pan Australian said will spend $30 million exploring for copper and gold in
Shares in Pan Australian closed up 7.9 percent in an Australian market down 1 percent. (Reporting by James Regan; Editing by