Mulga Rocks, Goldfields region in Western Australia, is flagship project of EMA (Energy and Minerals Australia) but has been the subject of lots of legal stoushes in current years. Energy and Minerals Australia has currently secured its support on the project by settling the latest dispute and consequently has been approved mining leases. Shane McBride, Recently-appointed chief executive said that, the leases were approved more swiftly than expected.
Mr. McBride said that, it is more than they expected - they thought it might take a bit longer than that. It gives them a level of confidence to actually move things forward, however with changes to the board they‘re going to have to ensure where they are at. The upcoming 3 months will be spent affecting a resource estimate for Princess Deposit at the Mulga Rocks as a pre-possibility is slated for year 2013. However Mr. McBride said that, production was many years away, which given the company also requires to complete a bankable possibility study and get environmental approvals.
He said, getting mining leases now indeed gives us an additional level of completeness to be there in production. There’re currently no uranium mines in Western Australia, hoewver the Liberal state government in year 2008 lifted a 6-year ban on them which was obliged by the past Labor government. Opposition of Western Australia remains against to uranium mining, although will not place in the way of several planned uranium mine which has received supports if party wins the state elections in the month of March. Only project in the state which could be progressed to that stage before election is Wiluna project of Toro Energy in central Western Australia.
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