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Environmental Permit EPML00956913

  1. 391 Posts.
    lightbulb Created with Sketch. 14
    Just read the Morgans Research in a bit more detail.

    Shame it talks about "current tailings re-treatment"

    Jim obviously believes he can operate the mining of the mineralised waste dumps under the quarry Environmental Authority.


    "Granted tenements and an option to buy
    The MLs, Mining Purposes licences, tailings licences and water licences are
    granted and held by Mt Carbine Quarries Pty Ltd (MCQ). Carbine Tungsten
    holds a sub-lease over the granted tenements held by MCQ and is re-treating
    the tailings from past production. Under the terms of its agreement Carbine
    Tungsten pays a 2.5% royalty to MCQ on the value received from sale of
    concentrate, and has a Heads of Agreement to purchase the tenements and
    the quarrying operation for ≈A$7m.
    Carbine Tungsten is responsible for maintaining the title in good standing, and
    may not carry out any operations in competition with MCQ’s quarrying
    operation which screens Low Grade Stockpile material for sale. This is the only
    current source of aggregate north of Cairns, with the rock used in road and civil
    construction in the region, and after trucking to Cairns and barging to Weipa,
    used on Cape York. The current annual cashflow is estimated to be ≈A$1m.
    Environmental Authority for EPML00956913 covering treatment of the existing
    12Mt stockpile at an annual processing capacity of up to 3Mtpy was issued
    August 2103. Under the Queensland government’s regulations it may be that
    an Environmental Management of Systems (EMOS) is required to re-develop
    the open cut hard rock operation at that scale."
    Last edited by Expendable: 13/07/16
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