PERTH, Australia, Feb. 12, 2018 /CNW/ - LeadFX Inc.
(the "Company" or "LeadFX") (TSX: LFX) is pleased to announce the
seven-day public comment period on the level of assessment for the
proposed Paroo Station Lead Mine 70,0000tpa lead ingot
Hydrometallurgical Facility has closed.
The Hydrometallurgical Facility would be built adjacent to the
existing concentrator plant at Paroo Station.
The seven-day public comment period is an important part of the
Western Australian Environmental Protection Authority's
(EPA) environmental 'level of assessment' phase under Part
IV of the Environmental Protection Act 1984.
The EPA is expected to set the level of assessment, which guides
the Hydrometallurgical Facility approval timeline, during
March 2018.
In January 2018 the
Hydrometallurgical Facility environmental referral document
(Referral) was filed with the EPA and made available to the
public on February 5, 2018.
The Referral describes the key environmental factors relevant to
the construction and operation of the proposed Hydrometallurgical
Facility including the expansion to the mining footprint.
In preparing the Referral management undertook comprehensive
stakeholder engagement - meeting directly with all 20 local
government representatives impacted by activities already approved
under existing environmental conditions for operations at Paroo
Station, various state regulators including the EPA, Department of
Water and Environmental Regulation, Department of Mines Industry
Regulation and Safety and community groups.
The EPA assessment process is the Western Australian State
governments primary approval for the Hydrometallurgical Facility.
In parallel, secondary licensing approvals with various key
decision-making authorities of the State government are also being
progressed.
Final definitive feasibility study reports for the
Hydrometallurgical Facility are being collated with the results
expected to be published in the coming weeks.
About LeadFX Inc.
LeadFX is a Toronto Stock Exchange listed, Australian based,
mining company focused on the development of lead and lead-silver
projects located in Australia and
North America. The Company's
primary undertaking is the Paroo Station Lead Mine, located 30km
west of the town of Wiluna in Western
Australia.
The Paroo Station Lead Mine has been on care and maintenance
since January 2015. A dedicated staff
of plant operators and technicians have undertaken consistent
structural and integrity checks of plant and equipment, run mills
at regular intervals and maintained the flotation tanks ensuring
the plant can be re-started and brought back to pre-closure
production levels within months. The Company is currently
completing a definitive feasibility study assessing the technical
and financial merits of building a hydrometallurgical plant on site
to produce approximately 70,000tpa of lead metal.
The Company also owns an 83.5% interest in the Burgin mines and
surrounding land claims in the Tintic mining district 60 miles
south-east of Salt Lake City,
Utah.
Forward looking statements
This news release may contain "forward-looking statements"
within the meaning of applicable Canadian securities laws. An
example of forward-looking information in this news release
includes but is not limited to statements and information
concerning timing that the Paroo Station plant can be re-started
and brought back to pre-closure production levels. Forward-looking
statements are often, but not always, identified by the use of
words such as ''seek'', ''anticipate'', ''contemplate'',
''target'', ''believe'', ''plan'', ''estimate'', ''expect'', and
''intend'' and statements that an event or result ''may'',
''will'', ''can'', ''should'', ''could'' or ''might'' occur or be
achieved and other similar expressions. Forward-looking information
by its nature requires assumptions and involves known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking information, and readers are
cautioned not to place undue reliance on such information. These
statements are based on expectations, estimates and projections as
at the date of this news release and are subject to a number of
risks and uncertainties. Should one or more of these risks or
uncertainties materialize, or should assumptions underlying the
forward-looking information prove incorrect, actual results,
performance or achievement may vary materially from those expressed
or implied by the forward-looking information contained in this
news release. These risk factors should be carefully considered and
readers are cautioned not to place undue reliance on
forward-looking information, which is current only as of the date
of this news release. All subsequent forward-looking information
attributable to LeadFX herein is expressly qualified in its
entirety by the cautionary statements contained in or referred to
herein. LeadFX does not undertake any obligation to release
publicly any revisions to this forward-looking information to
reflect events or circumstances that occur after the date of this
news release or to reflect the occurrence of unanticipated events,
except as may be required under applicable securities laws.
SOURCE LeadFX Inc.