Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Focus Minerals’ (FML) mining proposal for the Greenfields Open Pit in Western Australia is given the green light to proceed
  • The proposal was cleared by the Department of Mines, Industry Regulation and Safety (DMIRS), and will pave the way for Focus to begin mining for ore, which will then be processed through the Three Mile Hill treatment plant
  • The company says the approval provides greater certainty for Focus as it targets mining and ore stockpiling from early 2023
  • FML is up 8.82 per cent and shares are trading at 18.5 cents at 2:38 pm AEST

Focus Minerals’ (FML) mining proposal for the Greenfields Open Pit has been given the green light to proceed.

The proposal was cleared by the Department of Mines, Industry Regulation and Safety (DMIRS), and will pave the way for the company to begin mining for ore, which will then be processed through the Three Mile Hill treatment plant.

Focus said it’s been working to identify, evaluate and manage the environmental impacts of the project, and has been liaising with local stakeholders to satisfy the requirements for DMIRS approval.  

Work is now underway to finalise the ore reserves for the Greenfields, Brilliant South and CNX open pits for inclusion in a new life of mine plan.

The Greenfields Open Pit marks the first mine the company has proposed to operate in the resumption at the Coolgardie Project.

The company said it will soon begin the selection process for a mining contractor, and will ensure adequate resourcing is found despite the recent supply shortages amongst the WA mining industry.

Focus Minerals’ Executive Chairman, Wanghong Yang, said this is a strategic milestone for Focus and its operations team.

“Greenfields is the starter open pit ore source in our resumption of mining plan for Coolgardie,” Wanghong Yang said.

“The approval of this mining proposal provides greater certainty for Focus as we target mining and ore stockpiling from early 2023.”

Focus Minerals was up 8.82 per cent, trading at 18.5 cents at 2:38 pm AEST.

FML by the numbers
More From The Market Herald
Ballymore Resources (ASX:BMR) - Non Executive Chairman, Nick Jorss

" Ballymore Resources (ASX:BMR) intersects significant assays at Seventy Mile Mount

Ballymore Resources (ASX:BMR) has intersected significant assays in its initial drilling program at the Seventy Mile…

" Ballymore Resources (ASX:BMR) begins stage one drilling at Ruddygore

Ballymore Resources (ASX:BMR) has begun stage one drilling at the Ruddygore Prospect in North Queensland.

" Ballymore Resources (ASX:BMR) confirms displacement of Duffer lode at Dittmer mine, QLD

Ballymore Resources (ASX:BMR) has confirmed through diamond drilling that the historic Duffer lode at its Dittmer…
The Market Herald Video

" Bannerman Resources (ASX:BMN) raises $12M for Etango-8

Bannerman Resources (ASX:BMN) has successfully tapped investors for an extra $12 million in funding for its…