The project will include the Twin Hills mine, which has key silver prospects and potentially copper, zinc and lead.
The Queensland Department of Environment and Heritage Protection (DEHP) has given an Environmental Authority (EA) to MRV which provides environmental approval to restart mining and mineral processing.
The EA will take effect once MRV receives the mining lease, which is the final approval needed for the Granite Belt project. The mining lease is expected to be awarded in the coming months.
“Whilst we still have a lot of work to do in terms of closing out funding offers, I am encouraged by the progress we have made towards realising the full potential of this compelling project and I believe that is starting to be recognised by the broader investment community.
“The Granite Belt project is not only significant for Moreton but also for the region in which it is located. As it is more likely to process, the Company is looking forward to contributing to economic development of Texas and the surrounding communities,” said Moreton Resources’ Executive Chairman Jason Elks.
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