PERTH (miningweekly.com) – The South Australian Department of State Development has issued ASX-listed WPG Resources with the proposed terms and conditions for its Tarcoola mineral lease.
WPG said on Tuesday that the company would evaluate and respond to the draft lease terms and conditions within the coming weeks.
The terms and conditions were formatted following a public comment process in October last year.
Meanwhile, WPG noted that the company was well advanced with the documentation for the programme for environment protection and rehabilitation, which would be lodged after the mineral lease was granted.
Once these submissions were approved, WPG would be in a position to commit to project development at Tarcoola, subject to funding.
A 2015 feasibility study had estimated that the project would require a capital expenditure of A$16.7-million to support production of 20 000 oz/y of gold, over a mine life of three years.
The project will start in 2016.
Edited by: Creamer Media Reporter
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