PanAust inks deal with Chinese smelter

SOUTHEAST Asia-focused PanAust has signed a long-term sales agreement with the operator of China’s largest copper smelter, Tongling Nonferrous Metals, and has agreed on terms for the spot market sale of copper-gold concentrate from its Phu Kham operation in Laos.

PanAust inks deal with Chinese smelter PanAust inks deal with Chinese smelter PanAust inks deal with Chinese smelter PanAust inks deal with Chinese smelter PanAust inks deal with Chinese smelter

Investors have welcomed the news with the Brisbane-based company's share price soaring 10.5c, or 28%, to an intraday high of 48c with close to 9.2 million shares changing hands by 12.21pm EDT.

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