THE BOURSE WHISPERER: Image Resources has kicked off work on its North Perth Basin Feasibility study by commissioning 360 Environmental to undertake Environmental Impact Assessment Studies.
These studies will involve managing and co-ordinating all of the environmental activities required by the company in its bid to achieve permitting of the NPB project at a Public Environmental Review level.
The Environmental Approvals process is one of the longest lead time items a mining project requires to go through so Image has commenced immediately to allow sufficient time to meet its deadline of commencing production in 2014.
“The first step in the environmental approvals process is the commissioning of a Level 2 Fauna and Level 2 Flora survey over the Atlas deposit,” Image Resources said in its ASX announcement.
“This work has begun with 360 Environmental field teams commencing work in November.”
Gingin South Infill Drill Holes Nov 2011 coloured by HMm%. Source: Company announcement
Image commenced infill drilling its Gingin South prospect October to bring the 800 metres gap in the drill spacing to 200m by 20m drill spacing in order to allow an upgrade of the Inferred Gingin South resource to JORC Indicated Status.
“Combined with the 100 metre by 20 metre infill drilling completed earlier in the year this will allow Image to upgrade the status of Gingin South resource to Measured and Indicated, with approximately 90 per cent of the resource expected to fall within the Measured category,” Image said.
At the completion of the Gingin South drilling Image moved the drill rig to the northern extension of the Boonanarring zircon deposit, situated approximately 3.3 kilometres to the north of the Measured Resource on the Boonanarring Mining Lease.
The rig has subsequently been moved on to Red Gully but is scheduled to return to complete the Boonanarring drilling and initiate work on the southern 2.3km extension of the Boonanarring resource, where the company recently announced there is plus 20 per cent zircon within a plus eight per cent Heavy Mineral zone.