Prophecy Outlines Mining Permit, Proposed Construction Schedule at Gibellini Vanadium Mine, Nevada
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Prophecy Development Corp. has received guidance regarding expected permitting timelines for its Gibellini Vanadium Project following Prophecy meeting with regulators in late April 2019.
The company estimates Q1 2020 as the target date for publication of the notice of intent (NOI) to prepare an environment impact statement (EIS) in the Federal Register. Upon publication of the NOI the review process is mandated to be completed within a 12-month period under the US Department of the Interior’s Secretarial Order No. 3355.
Based on this guidance, an EIS record of decision (ROD) would be expected no later than Q1 2021. Upon receipt of a positive ROD and issuance of Nevada State permits, Prophecy plans to start mine construction in 2021 and begin vanadium production by Q4 2022. The company will be seeking project financing in the interim of this process.
With the above schedule Gibellini would become the first primary vanadium mine in the US within a period of three-and-a-half years.
“Selection process is underway for a qualified third party EIS contractor who will develop the EIS document and conduct the required environmental impact analysis for the Gibellini Project. In conjunction, M3 Engineering of Tucson AZ is working to complete the engineering designs as part of overall engineering procurement construction ,management,” said Mike Doolin, Prophecy’s COO and interim CEO.
About Prophecy
Prophecy is developing the Gibellini project - the only large-scale, open-pit, heap-leach vanadium project of its kind in North America. Located in Nevada, Gibellini is currently undergoing EPCM and permit development.
To stop by Prophecy’s website, CLICK HERE
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