Western Plains Resources (ASX: WPG) has signed the final compensation agreement required for the development of the company’s flagship Peculiar Knob DSO iron ore mine south of Coober Pedy in South Australia and its associated infrastructure.
This agreement relates to the mine site itself and the waste dump, the haul road generally to the east of the Stuart Highway, and the Stafford borefield.
No further compensation or site access agreements need to be negotiated with other parties to allow mine development to proceed as planned.
The final miscellaneous purposes licence applications for the haul road from the mine site to Wirrida siding, the accommodation village site, and the crushing plant and rail loader were lodged with PIRSA, the mining regulator, in early March.
The extractive mineral licence applications for the road metal required for sheeting of the haul road were lodged at the same time. These are now being processed.
The project’s mining and rehabilitation plan (MARP) has been drafted and the company anticipates that it will be lodged with PIRSA in early May.
WPG said it intends to take the decision to commit to project development at Peculiar Knob early in H2 2010. Export sales are expected to commence at some 2-3 million tonnes per annum in H2 2011.
http://www.proactiveinvestors.com.au/companies/news/6394/western-plains-resources-set-to-develop-peculiar-knob-iron-ore-mine-6394.html
Proactiveinvestors is a leading multi-media news organisation, investor portal and events management business with offices in New York, Sydney, Toronto, Frankfurt and London.
No comments:
Post a Comment