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Diatreme Resources Ltd.
Summary
| Project: | Cyclone | |
|---|---|---|
| Deposit: | Cyclone | |
| Location: | Australia | |
| Commodities: | Zircon-Rutile-Leucoxene | |
| Date: | 1/10/2017 | |
| Report Code: | (Enviro) | |
| Report Type: | EIA/ESIA | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 10-1-2017: Diatreme Resources Ltd. announces an EIA/ESIA report for its Cyclone deposit at the Cyclone project. WA Environmental Minister grants final environmental approval for Cyclone project. Diatreme Resources Limited (ASX:DRX) announced today a major | |
| Resources: | (Resource, M+I): 211Mt @ 2.3% HM for 4.8Mt HM contained (1% cut-off) | |
| CP/QP: | [Resources]: Ian Reudavey (Internal) | |
| ABSTRACT: | Diatreme Resources Limited (ASX:DRX) announced today a major advance towards a new mineral sands mine in Western Australia, after receiving the final ministerial (Environmental) approval for its flagship Cyclone Zircon Project in WA’s Eucla Basin. The move follows the public issuance in August 2016 by WA’s Environmental Protection Authority (EPA) of positive environmental impact assessment recommendations to the WA Environment Minister (refer ASX release dated 9th August 2016) and is the culmination of an extensive stakeholder and regulatory consultative process. Final ministerial consent (approval) was received on 9 January 2017 (Ministerial statement No:1052), allowing the Cyclone project to: “Develop and operate the Cyclone Mineral Sands Mine, including open cut pits, mining and processing infrastructure, airstrip, accommodation camp, bore fields and haul road construction from the mine site to the Forrest rail siding.” Welcoming the ministerial approval, Diatreme’s CEO Neil McIntyre said: “This is a key project milestone for Cyclone which marks the completion of an extensive identified key risk mitigation and permitting/regulatory approval process.” “Whilst some project delivery challenges remain, we now intend to “push the button” to advance our discussions with project partners, potential funders and potential product offtakers for direct project participation so the final aspects of the DFS can be funded and completed as rapidly as possible, capitalising on the upturn in mineral sands prices and constrained supply to make the project a reality.” | |
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