Papua New Guinea's Mining Resource Authority has approved the renewal of the Yandera Copper Project's License EL 1335 through November 19, 2023. Freeport Resources is planning to commence work towards a Definitive Feasibility Study and accelerate discussions with potential strategic partners.Freeport continues its firm commitment to the landowners, the communities of Yandera and the people of Papua New Guinea.Demand for copper is undergoing an unprecedented structural change driven by the global