PNX gets enviro nod for Fountain Head
PERTH (miningweekly.com) – The Northern Territory government has green-lit the Fountain Head gold project.
ASX-listed PNX Metals on Friday reported that the Northern Territory’s Minister for Environment, Climate Change and Water Security had granted environmental approval for the development of the Fountain Head project, allowing the company to submit a mining management plan to the Department of Industry, Tourism and Trade for assessment.
The submission is expected during March this year.
“The grant of environmental approval for the Fountain Head gold project is the culmination of a significant body of work, and a milestone event in PNX’s Pine Creek integrated development strategy,” said PNX MD James Fox.
“The project team is now focused on completing and submitting Mine Management Plans, and progressing approvals for the Hayes Creek zinc/gold/silver project. Near-mine and regional exploration will re-start shortly with a focus on two newly identified highly prospective ‘gold’ corridors containing multiple high-priority drill targets on our northern leases.”
A 2021 prefeasibility study into the Fountain Head and Hayes Creek projects estimated that the project development would cost A$46-million. The study envisaged an initial gold mining and processing operation at Fountain Head, which would be followed by a gold/silver/zinc operation at Hayes Creek.
The study estimated that revenues of A$972-milion would be generated over a mine life of ten years, with the project’s pretax net present value estimated at A$171-million and its internal rate of return at 63%.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation