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LeadFX's comment period on Paroo lead mine closes

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hitpaydirt   Tuesday, 02/13/18 04:33:45 PM
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LeadFX's comment period on Paroo lead mine closes

2018-02-12 09:15 ET - News Release


Mr. Andrew Worland reports

LEADFX ANNOUNCES EPA LEVEL OF ASSESSMENT PUBLIC COMMENT PERIOD CLOSES

LeadFX Inc.'s seven-day public comment period on the level of assessment for the proposed 700,000-tonne-per-year lead ingot Paroo Station lead mine hydrometallurgical facility has closed.

The hydrometallurgical facility would be built adjacent to the existing concentrator plant at Paroo Station.

The seven-day public comment period is an important part of the Western Australian Environmental Protection Authority's (EPA) environmental "level of assessment" phase under part 4 of the Environmental Protection Act 1984.

The EPA is expected to set the level of assessment, which guides the hydrometallurgical facility approval timeline, during March, 2018.

In January, 2018, the hydrometallurgical facility environmental referral document (referral) was filed with the EPA and made available to the public on Feb. 5, 2018.

The referral describes the key environmental factors relevant to the construction and operation of the proposed hydrometallurgical facility including the expansion to the mining footprint.

In preparing the referral, management undertook comprehensive stakeholder engagement -- meeting directly with all 20 local government representatives impacted by activities already approved under existing environmental conditions for operations at Paroo Station, various state regulators including the EPA, Department of Water and Environmental Regulation, Department of Mines Industry Regulation and Safety, and community groups.

The EPA assessment process is the Western Australian State governments primary approval for the hydrometallurgical facility. In parallel, secondary licensing approvals with various key decision-making authorities of the state government are also being progressed.

Final definitive feasibility study reports for the hydrometallurgical facility are being collated with the results expected to be published in the coming weeks.

About LeadFX Inc.

LeadFX is a Toronto Stock Exchange-listed, Australian-based mining company focused on the development of its lead and lead-silver projects located in Australia and North America. The company's primary undertaking is the Paroo Station lead mine. The company also owns an 83.5-per-cent interest in the Burin mines and surrounding land claims in the Tintic mining district 60 miles southeast of Salt Lake City, Utah, and exploration interests in the Amber mineral belt in Alaska.

We seek Safe Harbor.

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