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0.4¢ carbine resources limited

Ann: Carbine to acquire the Sandbox Silica Sands Project, page-7

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lucyno

310 Posts.

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03/05/22

13:46

Post #: 61172547
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Originally posted by stevenjd: ↑

"The vendors have undertaken sand characterisation work through a reputable group (CDE Global), initiated negotiations with Ports North to secure access to the Mourilyan Port and prepared the Project for development with the removal of Strategic Land status over the Sandbox area. The previous use of the land was for sugar cane and, as such, it will not be referred to the EPA for assessment. In addition, Native Title is extinguished on freehold land"

"The Mourilyan Port is located to the north east of the Sandbox Project and is accessible via 27km of sealed roads. Mourilyan Port is under utilised with space for stockpiles and capacity to export up to 2 million tonnes
with current infrastructure and more with improved loading facilities."

"Due to the unique location of the ground on freehold land the duration of a Mining Licence application could
be as quick as nine months from the date of lodging. An agreement with the landowner is completed.
Negotiations by the vendors with Ports North have resulted in a stockpile area being allocated to FNQ for sand from the Sandbox Project. A traffic study is being commissioned as part of the access requirements at the Mourilyan Port."

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Thanks stevenjd. Do you have any news on the Muchea tenement?

CRB Price at posting: 2.5¢ Sentiment: None Disclosure: Not Held
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