Strike Resources (ASX:SRK) - Managing Director, William Johnson
Managing Director, William Johnson
Source: Stockhead
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  • Strike Resources (SRK) has received approval to commence mining at the Paulsens East Iron Ore Mine in Western Australia
  • The approval, granted by the Department of Mines, Industry, Regulation and Safety, represents a key approval required to advance the project
  • While a move in the right direction, Strike will need the tick of approval on its mining proposal before it can commence site works and mining activities
  • Paulsens East Iron Ore Pilbara is located in Western Australia’s Pilbara region and touts a JORC indicated mineral resource of 9.6 million tonnes at 61.1 per cent iron
  • Strike Resources shares are up 2.56 per cent following the approval, trading at 20 cents

Strike Resources (SRK) has received approval to commence mining at the Paulsens East Iron Ore Mine in Western Australia.

The project management plan (PMP) represents a key regulatory approval required to advance Strike’s project, which is situated in the Pilbara region of the state and touts a JORC indicated mineral resource of 9.6 million tonnes at 61.1 per cent iron.

The PMP was granted by the Department of Mines, Industry, Regulation and Safety (DMIRS), which Strike says it will continue to work with to obtain the remaining approvals.

The government department will need to sign off on Strike’s mining proposal however before site works and mining activities can commence at Paulsens.

According to Strike, applications for related works approval and native vegetation clearing permits are with the respective government departments and are pending approval.

“The company is grateful to DMIRS for its timely review of the PMP and remains confident of achieving its target for first shipment of iron ore in the second half of calendar 2021,” Strike Resources Managing Director William Johnson commented,

Strike Resources shares are up 2.56 per cent following the approval, trading at 20 cents at 11:19 am AEST.

SRK by the numbers
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