Reward Minerals moves closer to production with environmental approval for Lake Disappointment Potash Project

Reward Minerals moves closer to production with environmental approval for Lake Disappointment Potash Project

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Reward Minerals Ltd (ASX:RWD) is moving closer to production after the Australian Government's Department of Agriculture, Water and the Environment granted environmental approval for its Lake Disappointment Potash Project in north-western Western Australia. Lake Disappointment is the first sulphate of potash (SOP) project in Australia to be permitted under the dual exacting standards of a six-week public environmental review process at State level and under Part 9 of the Environment Protection and Biodiversity Conservation (EPBC) Act. The successful outcome speaks to the project’s long-life, low environmental impact, the company noted. Major environmental approvals in place Reward Minerals chief executive officer Greg Cochran said: “This is one of our most significant achievements to date for the project, which now has the major environmental approvals in place that will allow full production at the PFS level of 400,000 tonnes per annum of high-quality, organically certifiable SOP for decades to come. "My thanks go to our team of highly credentialed environmental consultants who helped to deliver this great result.” Crucial step forward The approval, which has effect until August 31, 2060, is another crucial step forward in the development of one of the world’s largest high-grade brine SOP deposits. It comes after the project was granted WA State environmental approval earlier this year. The State and Commonwealth environmental assessment processes required over four years of engagement with regulators and weeks of public consultation, whilst comprehensive environmental impact studies commenced as early as 2012. Next stage Mining will be able to commence on the completion of final feasibility studies, secondary regulatory approvals and the securing of funding. Reward Minerals has already completed a detailed, conservative pre-feasibility study, which was updated with an improved logistics solution in July 2018. It also has an Indigenous Land Use Agreement in place with the Martu people, traditional owners of the land upon which Lake Disappointment is situated.

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