Kingsrose permitting delayed
PERTH (miningweekly.com) – Gold hopeful Kingsrose Resources on Tuesday pushed back the production start date at its Talang Santo mine, in Indonesia, as it awaited final permits.
The ASX-listed junior had previously expected that the permits to allow the mine to transition to full production would be obtained by the end of April, but Kingsrose had now told shareholders that these permits were only expected by the end of the June quarter.
Kingsrose’s Indonesian subsidiary has submitted all the relevant documentation requested by the regulatory authorities following a project review over the last two months, and had also met all the technical requirements relating to the grant of the extension to the existing project environmental assessment.
The Department of Environment is currently drafting environmental licence conditions of the assessment extension. The draft is the final piece of documentation required prior to the receipt of Ministerial approval.
Furthermore, the grant of a separate forestry borrow and use permit was also subject to the confirmation of the environmental licence agreements.
All other elements of the forestry permit for the Talang Santo mine had been previously submitted.
Talang Santo is the second underground mine at the Way Linggo gold project, is 17 km from project infrastructure and has a resource of 287 489 oz of gold and 894 951 oz of silver.
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