Cadence Minerals PLC Yangibana - Commonwealth Environmental Approval (5606J)
April 14 2020 - 5:29AM
UK Regulatory
TIDMKDNC
RNS Number : 5606J
Cadence Minerals PLC
14 April 2020
Cadence Minerals Plc
("Cadence Minerals", "Cadence" or "the Company")
Hastings Technology Metals (ASX: HAS) - Commonwealth
Environmental Approval Received for Yangibana Project.
Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to note
that Hastings Technology Metals (ASX:HAS) ("Hastings"), Cadence's
joint venture partner at the Yangibana Rare Earth Project in the
Gascoyne region of Western Australia ("Yangibana" "Yangibana
Project"), has announced that the Yangibana Project has received
Commonwealth Environmental Approval.
Cadence Minerals Yangibana Holding:
Cadence owns 30% of the Yangibana, Yangibana North, Gossan,
Hook, Kanes Gossan and Lions Ear Rare Earth Deposit, which form
part of the Yangibana Rare Earth Deposit. The updated Cadence ore
statement can be found on the Yangibana Mineral Resource & Ore
Reserve statement from 4(th) November 2019:
https://www.investegate.co.uk/cadence-minerals-plc--kdnc-/rns/yangibana-mineral-resource---ore-reserves/201911041303331852S/.
Highlights:
-- Commonwealth Environmental approvals in place for mining Rare
Earths at the Yangibana Rare Earths Project.
-- The Commonwealth Approvals are in place to construct and
operate an open pit rare earths mine, processing facility and
associated support infrastructure, approximately 270 km
east-northeast of Carnarvon, Western Australia.
-- Commonwealth Government environmental assessment process
completed pursuant to the Environment Protection and Biodiversity
Conservation Act 1999 (EPBC Act) under sections 130(1) and
133(1).
Hastings has advised that Mr Gregory Manning, delegate of the
Hon. Sussan Ley MP, Australian Minister for the Environment, has
granted the Commonwealth Environmental permit for the Yangibana
Rare Earths Project.
Receipt of the Commonwealth Environmental Permit (EPBC reference
2016/7845) was granted under section 130(1) and 133(1) of the
Environment Protection and Biodiversity Conservation Act 1999. The
permit is subject to conditions in Annexure A of the Approval,
which has been published on the Department of Environment and
Energy website. The conditions require validation of the
groundwater model during the construction phase, an ecohydrological
model and the development of a groundwater dependent ecosystem
monitoring program.
The Yangibana Project includes the development of five open pit
mines, groundwater abstraction, on-site processing of ore, tailings
storage facilities, and supporting infrastructure such as access
and haul roads, accommodation facilities, administration buildings
and an airstrip.
The full Hastings ASX announcement can be found here:
https://www.asx.com.au/asxpdf/20200414/pdf/44gxf4cy9qwm00.pdf
Hastings Executive Chairman, Charles Lew commented: "We have now
received all material approvals (i.e. land tenure, Native Title
Agreement, State and Commonwealth Environmental Permits) required
for the development of the Yangibana Rare Earths Project. This
environmental permit complements the State approval received in
August 2019. Both approvals demonstrate confidence by State and
Commonwealth governments that the Project can be implemented in an
environmentally sound manner."
- Ends -
For further information:
Cadence Minerals plc +44 (0) 207 440 0647
Andrew Suckling
Kiran Morzaria
WH Ireland Limited (NOMAD & Broker) +44 (0) 207 220 1666
James Joyce
James Sinclair-Ford
Novum Securities Limited (Joint
Broker) +44 (0) 207 399 9400
Jon Belliss
Qualified Person
Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the
information contained in this announcement. Kiran holds a Bachelor
of Engineering (Industrial Geology) from the Camborne School of
Mines and an MBA (Finance) from CASS Business School.
Forward-Looking Statements:
Certain statements in this announcement are or may be deemed to
be forward-looking statements. Forward-looking statements are
identi ed by their use of terms and phrases such as "believe"
"could" "should" "envisage" "estimate" "intend" "may" "plan" "will"
or the negative of those variations or comparable expressions
including references to assumptions. These forward-looking
statements are not based on historical facts but rather on the
Directors' current expectations and assumptions regarding the
Company's future growth results of operations performance future
capital and other expenditures (including the amount. nature and
sources of funding thereof) competitive advantages business
prospects and opportunities. Such forward-looking statements re ect
the Directors' current beliefs and assumptions and are based on
information currently available to the Directors. Many factors
could cause actual results to differ materially from the results
discussed in the forward-looking statements including risks
associated with vulnerability to general economic and business
conditions competition environmental and other regulatory changes
actions by governmental authorities the availability of capital
markets reliance on key personnel uninsured and underinsured losses
and other factors many of which are beyond the control of the
Company. Although any forward-looking statements contained in this
announcement are based upon what the Directors believe to be
reasonable assumptions. The Company cannot assure investors that
actual results will be consistent with such forward-looking
statements.
This information is provided by RNS, the news service of the
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Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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