PanAust Limited is an Australia-based mining company. The Company is engaged in production and sale of copper-gold concentrate from the Phu Kham Copper-Gold Operation, Laos; Completion and commissioning of the Phu Kham Upgrade Project; site development work for the Phu Kham Increased Recovery Project; completion of the construction and commissioning of the Ban Houayxai Gold-Silver Project, Laos; production and sale of gold-silver dore from the Ban Houayxai Gold-Silver Operation, Laos, and exploration and evaluation of projects in Laos and Chile. The Ban Houayxai gold-silver deposit is located approximately 25 kilometers west of Phu Kham and consists of open pit mine feeding ore to a conventional four metric tons per annum Carbon in Leach (CIL) process plant. The Company holds 49% interest in Puthep Copper Project. On August 25, 2014, PanAust Ltd of Australia acquired an 80% interest in Xstrata Frieda River Ltd, a copper and gold mining company from Glencore Xstrata PLC.