Drill rigs operating at the Julimar Project. Source: Chalice Mining
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Chalice Mining (CHN) receives WA Government approval for low impact drilling at its Julimar Project
  • The WA State Government has approved the Stage 2 Conservation Management Plan (CMP) for drilling at the project’s Hartog and Baudin targets
  • The CMP is based on a comprehensive and detailed environmental assessment process and is designed to minimise disturbance and environmental impact
  • On the market today, Chalice is up 3.21 per cent and trading at $9.01 per share

Chalice Mining (CHN) will enter the New Year on a high after receiving WA Government approval for low impact drilling at its Julimar Project.

The WA State Government has approved the Stage 2 Conservation Management Plan (CMP) for drilling at the project’s Hartog and Baudin targets.

The plan sets out strict environmental requirements for drilling at the priority targets, located within the Julimar State Forest.

The CMP is designed to minimise disturbance and environmental impact.

Requirements under the plan include no mechanised clearing of vegetation and a
maximum operational footprint of 4.4 hectares across the 2000-hectare Hartog-Baudin target area.

“Chalice has conducted extensive flora and fauna surveys covering an area of around 5,700 hectares to inform the company’s drilling program,” the company said.

“A key condition of the CMP includes monitoring by qualified fauna observers throughout the program to ensure there is no direct impact to wildlife.”

Cultural surveys have confirmed that no cultural heritage sites are affected by the drilling program.

On the market today, Chalice was up 3.21 per cent and is trading at $9.01 per share at 1:40 pm AEDT.

CHN by the numbers
More From The Market Herald

" Live Verdure (ASX:LV1) partners with TruLife for US distribution

Food, skincare and nutraceutical company Live Verdure (ASX:LV1) has entered a non-executive national sales and distribution…
SECOS Group (ASX:SES) - CEO, Ian Stacey

" SECOS (ASX:SES) launches MyEcoBag and MyEcoPet through Pacchini

Sustainable packaging company, SECOS (ASX:SES) has launched MyEcoBag and MyEcoPet through Pacchini Sales and Distribution to…

" Solis Minerals (ASX:SLM) kicks off drilling at Mostazal copper project

Newly listed Solis Minerals (ASX:SLM) has hit the ground at its Mostazal copper project in Chile…
Argenica Therapeutics (ASX:AGN) - CEO, Dr Liz Dallimore

" Argenica Therapeutics (ASX:AGN) determines safe starting dose level for ARG-007

Argenica Therapeutics (ASX:AGN) determines safe starting dose level from toxicology and genotoxicity studies