Environmental approval was granted earlier than anticipated, by the Environmental Department of the regional authority of the Junta de Extremadura, and this enables the Mining Department to proceed to issue the development approval for the FTM, which is now expected in September 2015.
W Resources chairman Michael Masterman said: "This is a major milestone for W Resources that de-risks the project and demonstrates the Government’s support for the rapid development of the project. The development approval for the fast track mine will be the next key step paving the way for first mine production in 2016."
W Resources also continues to make significant progress in order to facilitate rapid project construction including: metallurgical and ore sorter test work in Germany, infill drilling and equipment testing and selection. This is in addition to progressing financing discussions with potential partners.
The findings from the pre-development work will then be fed into the La Parrilla mine development study which will be updated in Q4 2015 to incorporate the anticipated upgrade to the mineral resource estimate, mine planning and metallurgical design.
