Sandfire America9 Apr 2020 19:51
V.SFR
Black Butte Copper Crosses the Permitting Finish Line with Positive Record of Decision
GlobeNewswire
April 9, 2020, 5:56 pm
Issuance of the landmark Record of Decision for the Black Butte Mine Operating Permit paves the way for construction and production
WHITE SULPHUR SPRINGS, Mont., April 09, 2020 (GLOBE NEWSWIRE) -- Sandfire Resources America Inc. (“Sandfire America” or the “Company” TSX.V: SFR and OTCQB: SRAFF) is pleased to announce that the Black Butte Copper underground mining project in Montana, USA has received a Record of Decision for its permit.
Today, the Montana Department of Environmental Quality (MTDEQ) released a positive Record of Decision (RoD) to grant a Mine Operating Permit to the Company’s wholly-owned subsidiary, Tintina Montana Inc. This will allow development and underground mining of the Johnny Lee deposit at the Black Butte Copper Project to proceed.
Issuance of the RoD now requires the MTDEQ to finalize a financial bond calculation within 40 days. Once the bond is submitted and accepted, it will pave the way for the potential commencement of construction at Black Butte.
The Company’s subsidiary concurrently received its preliminary Air Quality Permit and a Montana Pollution Discharge Elimination System (MDPES) permit.
Commenting on this significant milestone, Sandfire America’s CEO and VP of Project Development, Rob Scargill, said: “The issuance of the RoD by the MTDEQ is a clear indication that the State of Montana is a good place to invest and create new jobs. Our project design robustly meets and exceeds some of the strictest environmental requirements for mining worldwide and demonstrates that 21st Century mining and environmental excellence can go hand-in-hand.
“We are now looking forward to completing the Black Butte Feasibility Study, progressing project funding options and, subject to a positive Final Investment Decision, building what we expect to become a showcase mine with state-of-the-art technology that we will all be very proud of.”
Sandfire America Senior Vice President, Jerry Zieg, said: “Black Butte Copper will represent mining innovation at its best. We are embracing accountability and being responsible custodians of our environment. We are continuing to engage with our communities and creating a new model for sustainable value for all our stakeholders.”
The RoD comes with stipulations consistent with the Company’s planned staged approach to development and environmental protection. The RoD and stipulations can be found on MT DEQ’s website at http://deq.mt.gov/Public/eis.
More......
https://t.co/HSux6qjyNd?amp=1
Sign In
Follow the stocks
