THE BOURSE WHISPERER: Kin Mining (ASX: KIN) has secured all statutory approvals documentation for Phase 1 – Process Plant Construction to commence at the company’s 100 per cent-owned Leonora gold project (LGP) located in the North-Eastern goldfields of Western Australia.
Kin Mining said the regulatory sign off marks another important step towards gold production, forecast for the second half of 2018.
A Mining Proposal has been approved by the Department of Mines, Industry Regulation and Safety (DMIRS) and a Works Approval has been approved by the Department of Water and Environmental Regulation (DWER).
Kin reached an agreement with the regulators to conduct a phased approval process, which has resulted in the construction of the processing plant commencing earlier than would have been possible if it had to wait for final project mining parameters.
The company will lodge Phase 2 applications in this half of the year for the balance of activities required to commence gold production.
Kin Mining also confirmed all proposed mining operations and infrastructure locations relating to the construction, commissioning and gold production of the LGP are located on granted mining leases and granted miscellaneous licenses.
“Phase 1 Approval is a major milestone achievement by the Kin team,” Kin Mining managing director Don Harper said in the company’s announcement to the Australian Securities Exchange.
“Our focus is now on dismantling and relocating the Lawlers process plant and commencing construction of the LGP process plant.”