THE BOURSE WHISPERER: Mutiny Gold has achieved a couple of key permitting milestones having had the Works Approval and a Groundwater Operating Licence granted for its Deflector gold-copper deposit.
The Deflector gold-copper deposit is situated within the company’s Gullewa tenements located in the South Murchison region of Western Australia, east of Geraldton.
Deflector deposit mineral Resources. Source: Company announcement
Mutiny said it considers the granting of the Works Approval by the Department of Environment and Conservation (DEC) to be an important milestone for the company in the permitting process.
In combination with the Clearing Permit, which is currently being assessed for approval by the Department of Mines and Petroleum (DMP), it allows for the upgrade of the Deflector treatment plant and camp.
The company has also received approval of a Groundwater Operating Licence by the Department of Water (DOW), which will allow sufficient water to be extracted to supply the processing plant and mining activities during full production.
The Shire of Yalgoo has also shown its support for the Deflector project by approving Mutiny’s application to construct a haulage access intersection with the Morawa Yalgoo Road north of the Gullewa mine access.
“To outsiders, these may seem like minor achievements along the path to the development of a significant new Australian gold-copper mine, but for the team at Mutiny and our supporters it is an important milestone as we move towards bringing Deflector on stream in 2013 and work to grow the company into a far larger gold-copper producing operation,” Mutiny Gold managing director John Greeve said in the company’s announcement to the Australian Securities Exchange.
“The Mutiny team is also appreciative of the support we have received and continue to receive, from the relevant government agencies as we steadily move through this critical permitting process.”
Mutiny Gold said all other permitting requirements for the project remain on schedule.