Highlands Pacific Limited

( ASX:HIG ) - Materials


Highlands Pacific Progressing In PNG

We introduced Highlands Pacific to our Portfolio after having closely followed the stock’s progress for several years. A number of important and positive developments have taken place over the past 12 months. Firstly, its share price has stabilized following several years of decline; its Ramu nickel-cobalt project is producing solidly and first cash flows have been received; uncertainty surrounding the Frieda copper-gold project has gone; and corporate interest has grown as metals trader Trafigura boosted its stake to 16%.

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Trafigura Buy-In Reflects Confidence In Highlands

Highlands Pacific (ASX: HIG, Share Price: $0.066, Market Cap: $61m) is an emerging PNG resource play, with two advanced projects and an early-stage exploration play, which we’ve followed for a number of years via our Watch-List. Various coincident factors have led us to upgrade our recommendation from Watch to Speculative Buy.

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Analyst Views