THE BOURSE WHISPERER: Kin Mining (ASX: KIN) has lodged approval documentation for Phase 1 of the company’s 100 per cent-owned Leonora gold project located in the North-Eastern goldfields of Western Australia.
Kin Mining declared the lodgement to be an important step in its progress towards development and production.
Kin lodged a Mining Proposal with the Western Australia Department of Mines, Industry Regulation and Safety (DMIRS) and a Works Approval has been lodged with the Department of Water and Environmental Regulation (DWER).
The company explained the Phase 1 documents seek approval to construct the Leonora gold project processing plant and related infrastructure to dry commissioning in advance of the lodgement of complete operational approvals in Phase 2 for the mining and processing activities.
Kin reached agreement with the regulators to conduct a phased approval process to allow the processing plant to commence construction earlier than would have been possible if it had to wait for final project mining parameters.
“We are continuing to make rapid progress on multiple fronts and need to stay ahead of the game,” Kin Mining managing director Don Harper said in the company’s announcement to the Australian Securities Exchange.
“We are embarking on a period of strong news-flow over coming weeks, with our LGP Resource Update, Definitive Feasibility Study and maiden Ore Reserve all to be completed this quarter.
“Exploration drilling is set to recommence next month on a number of walk-up high-grade drill targets.”