Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Shree Minerals (SHH) has lodged a report with the Environment Protection Authority (EPA) for the direct shipping ore (DSO) project at the Nelson Bay River iron ore project
  • Located in Tasmania, the DSO project was placed under care and maintenance in 2014 due to the fall of iron ore prices and Shree is looking to restart operations
  • The completed report is in response to the EPA requesting more information on flora and fauna as part of the assessment process to support a granted permit
  • The authority body also notified that an additional request for information on other issues will be presented to Shree once all information has been processed
  • Shares in Shree Minerals are up 5 per cent to trade at 1.1 cents at 10:43 am AEST

Shree Minerals (SHH) has lodged a report with the Environment Protection Authority (EPA) for the direct shipping ore (DSO) operation within its Nelson Bay River (NBR) iron ore project in Tasmania.

The DSO project within the Nelson Bay River project was developed in 2013 with first shipment of ore leaving the Port of Burnie in January 2014. However, the NBR project was placed on care and maintenance in mid-2014 due to the decline of iron ore prices.

The lodgement was in response to a request for additional information (RFI) received regarding flora and fauna from EPA, a supplement to the Development Proposal & Environment Management Plan (DPEMP).

In conjunction with its technical consultants, the company completed a comprehensive report to respond to the RFI to enable the assessment process to be completed over coming months in order to facilitate a decision for a grant of permit to recommence the mine.

EPA had notified Shree that during the period for public consultation on this proposal, one representation was received and the project also sparked comments from several state government agencies and bodies.

The authority body also notified that an additional request for information on the other
issues will be presented to the company once all information has been processed.

Shree Minerals confirmed it will work with its technical consultants to have this completed once it receives the additional RFI.

The EPA also advised that following comments raised by public representation and agency submissions, Shree should refer to the current development proposal to the Department of Agriculture, Water and the Environment (DAWE) for determination under the EPBC Act in relation to the Giant Freshwater Crayfish.

Shree had made a detailed submission to DAWE and is awaiting advice for assessment or an approval decision process.

Shares in Shree Minerals were up 5 per cent to trade at 1.1 cents at 10:43 am AEST.

SHH by the numbers
More From The Market Herald
Castile Resources (ASX:CST) - Non Executive Chairman, Peter Cook

" Castile Resources (ASX:CST) discovers new high-grade gold zone at Rover 1

Castile Resources (ASX:CST) has discovered a new high-grade gold zone at its Rover 1 Project in…
The Market Herald Video

" Volpara Health Technologies (ASX:VHT) strikes”material” partnership with US-based RadNet

Volpara Health Technologies (ASX:VHT) has signed a contract with US-based RadNet Management for the use of…
The Market Herald Video

" Celsius Resources (ASX:CLA) receives “outstanding” results from MCB

Celsius Resources (ASX:CLA) receives "outstanding" high grade assay results from its ongoing drilling program at its…
The Market Herald Video

" Anson Resources (ASX:ASN) sees consistent pressures at Long Canyon

Anson Resources (ASX:ASN) sees consistent high-pressures at the Long Canyon no.2 well within its Paradox lithium…