Altona Mining Receives Amended Environmental Authority for Cloncurry Copper Project, Queensland
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Altona Mining Limited has received an amended environmental authority (EA) from the Queensland Department of Environment and Heritage Protection for the company’s Cloncurry Copper Project near Mt Isa in Queensland.
The Cloncurry Project is the subject of an US$238.5 million proposed joint venture (JV) with Sichuan Railway Investment Group (SRIG).
The grant of the amendment is a key condition precedent to the completion of the SRIG JV.
The planned Little Eva mining project sits within the Cloncurry Project. A revised mine plan layout has been approved.
The key amendments largely flow from the discovery of the Turkey Creek deposit adjacent to planned infrastructure and incorporating that deposit into the mine plan. The changes are:
• A new open pit mine at Turkey Creek
• Waste rock storage from the Turkey Creek mine
• Increase to mine life and total tonnage treated
• Re-location and increased capacity of the tailings storage facility
• A larger flood protection bund and diversion channel around the Little Eva pit to permit a larger pit
The technical work required was undertaken as part of an agreed budget with SRIG. This expenditure may be offset against Altona’s cash contribution to the joint venture.
About Altona
Altona Mining Limited is an ASX listed company focused on the Cloncurry Project in Queensland, Australia. The project has mineral resources containing some 1.65 million tonnes of copper and 0.41 million ounces of gold. The first development envisaged is the 7 million tonnes per annum Little Eva open pit copper-gold mine and concentrator. Altona has completed a framework agreement with Sichuan Railway Investment Group to fully fund and develop Little Eva. Little Eva is permitted with proposed annual production of 38,800 tonnes of copper and 17,200 ounces of gold for a minimum of 11 years. A definitive feasibility study was published in March 2014.
To stop by Altona’s website, CLICK HERE
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