Galena Mining announced that it has received final approvals for the major permits required to allow construction, mining and production at its Abra Base Metals Project.
In addition, the Company reports conclusion of native title compensation arrangements for the Project. Managing Director, Alex Molyneux commented, “Its very pleasing to have received our major permits within the previously anticipated timeframe
Together with the previously received DWER Works Approval for the mine(see Galena announcement of 3 January 2019), these approvals constitute all of the major approvals required for construction, mining and production at Abra.
AMPL recently concluded the process to determine native title compensation arrangements for the Project under the terms of the pre-existing Heritage Agreement dated 21 September 2005 (as subsequently varied by a deed dated 28 August 2008, a letter dated 10 November 2014 and a letter dated 30 November 2018).
The financial elements of the concluded arrangements are in-line with the Company’s expectations. In addition, arrangements have been agreed with respect to: environmental consultation; liaison; employment; training; contracting; and cross-cultural induction. The Company had modelled a financial compensation arrangement in its pre-feasibility study model for Abra released in September 2018.
The Company wishes to thank the Jidi Jidi Aboriginal Corporation RNTBC, its Directors, team members and advisers for their efforts during the process and looks forward to positive continued engagement.
Source: Company Press Release.