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Emerald Resources NL
Summary
| Project: | Okvau | |
|---|---|---|
| Deposit: | Okvau | |
| Location: | Cambodia | |
| Commodities: | Gold | |
| Date: | 11/13/2017 | |
| Report Code: | (Enviro) | |
| Report Type: | EIA/ESIA | |
| Project Stage: | Mine Development | |
| Report details: | 13-11-2017: Emerald Resources NL announces an EIA/ESIA report for its Okvau deposit at the Okvau project. Okvau gold project received environmental approval. Emerald Resources NL (ASX:EMR) (‘Emerald’) is pleased to announce that it has signed an Environme | |
| Resources: | (Reserve, Prob.): 14.26Mt @ 1.98g/t Au for 907Koz contained at Okvau | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Emerald Resources NL (ASX:EMR) (‘Emerald’) is pleased to announce that it has signed an Environmental Contract with the Cambodian Ministry of Environment, providing environmental approval for the 100% owned Okvau Gold Project. The terms of the Environmental Contract are in accordance with Emerald’s Environmental and Social Impact Assessment (‘ESIA’). These terms include commitments by Emerald to make various annual contributions to Environmental and Social Funds established for the benefit of local communities and ongoing environmental management. These amounts were included in Emerald’s DFS released in May 2017. In addition, Emerald is required to provide surety to the Cambodian Ministry of Environment (‘MoE’) for rehabilitation of the Okvau Gold Project upon closure. This surety will be provided progressively over 5 years and was also provided for in Emerald’s ESIA. The Okvau Gold Project is situated within the Phnom Prich Wildlife Sanctuary. Under the Environmental Contract the MoE will undertake to rezone the project area from ‘Conservation Zone’ to ‘Sustainable Use Zone’. Emerald may now progress final stages of its application for an Industrial Mining Licence. With the Environmental Contract approved, Emerald expects an Industrial Mining Licence (covering 11.5km2) to be granted by the Cambodian Ministry of Mines and Energy in the next few weeks. | |
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