leadf
logo-loader
viewAustralian Potash Ltd

Australian Potash confirms resolution of EPA approval appeal for Lake Wells Sulphate of Potash Project

The WA Minister confirmed that the EPA’s assessment of the proposal was appropriate to establish the risk posed to its social surrounds and has dismissed the appeal.

Australian Potash Ltd - Australian Potash receives EPA approval appeal for Lake Wells Sulphate of Potash Project development
The Minister will now commence consultation with relevant decision-making authorities

Australian Potash Ltd (ASX:APC) has received notification by the Office of the Appeals Convenor that the WA Minister for the Environment has issued an appeal determination against the Environmental Protection Authority (EPA) board’s recommendation that the Lake Wells Sulphate of Potash Project be approved for development.

The Minister confirmed that the EPA’s assessment of the proposal was appropriate to establish the risk posed to its social surrounds and has dismissed the appeal.

Additionally, the Minister has recommended that one of the conditions recommended by the EPA in its recommendation be amended and will begin consultation with decision-making authorities as to whether the proposal may be implemented under section 45(1) of the EP Act.

“Pleased” to advise shareholders of the resolution

Managing director and CEO Matt Shackleton said: “We are pleased to advise shareholders of the resolution of the EPA Report and Recommendations appeal.

“We have been thorough and rigorous in ensuring relevant studies and consultation has occurred throughout the approvals pathway and look forward to the final Ministerial statement once the Minister has completed the consultation process.”

Lake Wells Gold JV

The company’s earn-in joint venture (EIJV) partner St Barbara Ltd (ASX:SBM) has continued to expand the footprint and tenor of gold mineralisation at the Lake Wells Gold Project, with aircore results confirming the strong potential for the project to host a large gold deposit. 

A diamond core drill program is underway, with two holes of a three-hole program completed and assays expected from March 2021. 

A 19-hole, 3,400-metre reverse circulation (RC) drill program is also underway, with assays expected from March 2021. 

Quick facts: Australian Potash Ltd

Price: 0.165 AUD

ASX:APC
Market: ASX
Market Cap: $91.3 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Australian Potash Ltd named herein, including the promotion by the Company of Australian Potash Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Australian Potash secures $140 million NAIF loan for Lake Wells development

Australian Potash Ltd’s (ASX:APC) Matt Shackleton talks Proactive's Andrew Scott through the news that the Northern Australia Infrastructure Facility has made an investment decision to provide a $140 million loan for the development of the Lake Wells Sulphate of Potash project in Western...

1 week ago

2 min read