(All dollar amounts are in Canadian dollars unless otherwise indicated)
PERTH, AUSTRALIA, Aug. 1, 2018 /CNW/ - LeadFX Inc. (the "Company" or "LeadFX") (Toronto Stock Exchange "TSX": LFX) announces that the Western Australian Environmental Protection Authority ("EPA") has recommended the approval of the Hydrometallurgical Facility and mine extension of the Paroo Station Lead Mine, 30km west of Wiluna in Western Australia.
The proposal involves the construction of a new hydrometallurgical facility and associated infrastructure adjacent to the existing flotation concentrator that would produce approximately 70,000 tpa of lead ingot and increasing the mine disturbance area by 400 ha to accommodate a 15 year mine life for the operation. Lead ingot would be trucked from site to port as an item of general freight.
The EPA has issued EPA Report 1620 which contains the EPA's recommendations and a draft ministerial statement to the Western Australian government's Minister for Environment. The draft ministerial statement contains few conditions beyond that which exist in previous Ministerial Statements 905 and 1042 that have regulated the operation. EPA Report 1620 is available on the EPA's website.
The EPA's report to the Minister for Environment is now open for a two week public appeal period.
Forward looking statements
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SOURCE LeadFX Inc.
For further information: Andrew Worland, Managing Director, President and Chief Executive Officer, LeadFX Inc, Level 16, 191 St Georges Terrace, Perth, Western Australia 6000, [email protected], Email: [email protected]