Ann: Capricorn Copper Conferred Prescribed Project Status, page-9

In QLD State Government parlance the "Prescribed Project Status" is basically the state government saying to its and local government public servants to either get out of the way, or to expedite any permitting process that is required to get the project started (or in this case restarted). Runs across all state departments and local governments including mining and environmental regulators.

The loss of confidence in the Mt Isa region with Glencore announcing the closure of some parts of its business in Mt Isa seems to have woken up the state government in Brisbane, probably also the potential loss in royalties as a lot of underground base metal miners are either going broke, or putting operations into C&M at the moment. Its positive news in that permits to dewater the mine and do surface works won't have the QLD state government dragging the chain on this sort of stuff, but there is no actual monetary assistance to 29M. Its basically a fancy way of getting the state government to do its job. Which it should do anyway as a matter of course.