- Novo Resource’s Beatons Creek gold project will not require assessment under Part IV of the Western Australian Environmental Protection Act 1986
- Company will promptly initiate discussions with the Western Australian DMIRS to seek approval to mine the Beatons Creek Fresh mineral resource
- Expects to transition to Phase Two mining of the Beatons Creek Fresh mineral resource upon receipt of requisite approval from DMIRS
- Novo Resources Corp. (NVO) is up by 4.88 per cent trading at $0.43 per share at 12:33 pm EDT.
Novo Resources Corp. (NVO) has provided an update on the company’s approvals submission.
Novo Resources has been advised that the Chair of the Western Australian Environmental Protection Authority (the EPA) has determined that the company’s approvals submission regarding the fresh mineralization component of the Beatons Creek gold project does not require assessment under Part IV of the Western Australian Environmental Protection Act 1986.
The company will now initiate discussions with the Western Australian Department of Mines, Industry Regulation and Safety (DMIRS) to seek approval to mine the Beatons Creek Fresh mineral resource.
NVO also said it expects to transition to Phase Two mining of the Beatons Creek Fresh mineral resource upon receipt of requisite approval from DMIRS and a make final investment decision post receipt of the feasibility study.
The company appreciates the efforts of the EPA to diligently progress the company’s submission while managing the impacts of COVID-19 and workforce shortages.
Commenting on the EPA’s decision, Executive Co-Chairman, acting CEO and Director Mike Spreadborough said:
“We are very pleased with the response from the EPA and will now turn our attention to advancing discussions with DMIRS to progress key documents and our approval to ensure we can commence Phase Two mining at the Beatons Creek fresh mineral resource. We are aware of the importance of this process and will keep stakeholders regularly updated.”
Novo Resources Corp. (NVO) is up by 4.88 per cent trading at $0.43 per share at 12:33 pm EDT.