TOE 9.09% 30.0¢ toro energy limited

Uranium $200 soon?, page-66

  1. 9,743 Posts.
    lightbulb Created with Sketch. 1050
    Hi chicken,.. This is from the VMY announcement but it apply's to the 4 who were given a rush granted approval by the Liberal's for a 5 years to start substantial commencement work within that time frame...

    The Board of Vimy Resources Limited (ASX:VMY, OTCQB:VMRSF) is pleased to announce that the
    Western Australian Department of Mines Industry Regulation and Safety (DMIRS) has approved the
    Mulga Rock Project Management Plan, which is one of three WA Government departmental approvals
    required to implement the Project.
    Under section 42(3) of the Mines Safety and Inspection Act 1994 (MSIA), this approval allows for the
    commencement of mining operations at the Mulga Rock Project, subject to the granting of other necessary
    approvals.

    As for this comment,.. The Company has stated they have legal advice the extension should be granted...."" Considers""

    Toro considers, and has sought advice to confirm, that the environmental approval granted by MS 1051 will
    remain valid notwithstanding that substantial commencement did not occur by the date specified in MS 1051, and
    that it will be open to the Company to apply under the Environmental Protection Act 1986 (WA) for an extension of
    time for that condition at a later time during the life of the approval.

 
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