Highlands a target?

WHILE it could be a little too late for a rival PanAust offer to emerge, Highlands Pacific is looking like a takeover target due to its stake in the Frieda River copper project in Papua New Guinea.

It has been suggested that Mick Davis' X2 Resources could be PanAust's "white knight" due to the company's knowledge of Frieda River, but so far a competing offer is yet to emerge.

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