Shares of Bougainville Copper (ASX:BOC) fell in recent Friday trade after it said in a late Thursday filing that it is exploring potential partnerships for the redevelopment of the Panguna Copper Project in Papua New Guinea, though no agreements are yet certain.
The company's shares fell almost 5% in recent Friday trade.
The company highlighted that the recent transfer of shares from the PNG Government to the Autonomous Bougainville Government (ABG) strengthens the company's position as a key local stakeholder in the project, the filing said.
The company cautioned that early-stage talks with potential partners require ABG approval, leaving its role and share value uncertain and trading highly speculative, the filing added.
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