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- The municipalities adjoining Euro Manganese (EMN) Chvaletice project in the Czech Republic approve proposed land rezoning
- Around 85 per cent of the tailings for the project are located on the village of Trnavka, where the council has now formally approved rezoning of land for mining
- The remaining area of land falls under the authority of the Municipality of Chvaletice which has approved land access agreement terms
- Discussions are progressing with the remaining landowners for land access agreements for the remaining project area
- Company shares were up 2.33 per cent at 44 cents
The municipalities adjoining Euro Manganese’s (EMN) Chvaletice project in the Czech Republic have approved proposed land rezoning to allow processing and access.
The proposed project entails reprocessing a significant manganese deposit hosted in tailings from a decommissioned mine, as well as remediating the tailings area, which is a longstanding source of groundwater pollution.
Around 85 per cent of the tailings are located in the village of Trnavka, where the council has now formally approved the rezoning of land for mining use.
Euro Manganese said the approval indicates continued support from Trnavka, which previously sold the company a 2.96-hectare strip of land adjacent to the project’s tailings hosted deposit.
The remaining area of the underlying land falls under the authority of the Municipality of Chvaletice which had previously voted to approve the initiation of the rezoning process under its municipal land use plans.
According to the company, this process is making progress with rezoning anticipated to be formally approved for mining by the end of this calendar year.
The Municipality of Chvaletice has approved land access agreement terms via rental of the land, granting the company access to approximately 19 per cent of the total land area and approximately 15 per cent of the tailings area.
The rental cost will be for the earlier of a 40-year period or upon remediation of the land at an annual cost of CZK 7.46 million (A$443,253).
The land rental arrangement is subject to final contracts, which the company expects to be completed in the second quarter of this year.
Company President and CEO Dr Matthew James said the company is grateful for the continued support from its neighbours following hard work to ensure residents are well-informed, and meaningful opportunities are created for them to participate in the evaluation and planning of the project.
“Our goal remains to build long-term, respectful, and collaborative relationships, while ensuring that the project fits seamlessly into the environmental, social, and economic fabric of the region.”
Discussions are progressing with the remaining landowners to enter land access agreements for the remaining project area.
Euro Manganese said it had received consent from all necessary landowners to
conduct exploration activities and to access the site.
It has also acquired, has agreed to acquire, or has options to acquire all the land needed for its intended high-purity manganese processing plant site.
Company shares were trading up 2.33 per cent at 44 cents at 10:59am AEDT.
