Mineral Property Development
(Taken from the FLPC Website)
In consideration of those who have expressed an interest in the operational aspects of First Liberty Power and in keeping with FLPC’s open and transparent method of shareholder communication, the following is an overview of the regulations, compliance requirement and tasks the Company follows in developing a mineral property from exploration through to production.
The first step involves staking the property (if unclaimed land) or the execution of a formal mineral lease agreement (if owned by another party), which establishes the Company’s basic mineral rights.
Next, a considerable range of procedures and regulations must be followed, and regulatory paperwork completed and filed, as follows:
Obtain liability insurance, secure the mine site and bring in a geologist to undertake extensive testing and sampling.
Additional assay testing and tests on ore processing.
Map and survey the property and identify water sources.
Research historical problems and/or latent legal issues involving the property to ensure the resolution of such items before onsite mining begins.
When mineral sources and the means to extract them have been clearly identified, the following steps for processing minerals are organized and administered.
Determine optimal means of transportation for processed minerals to a mill site
Management of the tailings and reclamation of the property
Forecasting a budget and timeline that will prove the project’s fiscal viability.
Initial application of exploration, followed by an application for a full (small mine) mining permit.
Throughout the above operational steps, the Company is required to inform (as needed):
Occupational Safety and Health Administration (OSHA)
Mine Safety and Health Administration (MSHA)
Bureau of Land Management (BLM)
Nevada Department of Environmental Protection (NDEP)
Local county governments and regulatory agencies
Special use permits agencies
NOTE: Relative to these regulatory organizations, First Liberty Power considers it essential to develop and maintain positive, productive relationships with all regulators. Additionally the Company is focused on engaging the services of accomplished consultants and geologists to further advance First Liberty projects to a high level of success.
To summarize, the projected overall time to accomplish the above stages can be more than a year, depending on the type of property and its location. Additionally, the proximity to cities, towns and/or water sources might trigger additional requests for environmental studies and/or public hearings concerning objections to the project.
Between Here and There
Highly developed spirits often encounter resistance from mediocre minds. --Albert Einstein
