While I am generally a supporter of the “green” minerals sector, companies that want to be considered successful long term contenders in this space need to be more cognisant of their prospective projects total green footprint. It’s no good just talking ESG policies and principles, it needs to drive your project selection to start with. Allups SW tenement selection was not thought through in this regard… perhaps relying on the shotgun approach to achieve success? Several of Allups SW tenements have already been dropped or surrendered on the back of public backlash to mining in environmentally sensitive areas and in close proximity to local communities. Sparkler also has environmental hurdles, which on first pass look difficult to manage and mitigate - soil acidification, proximity to and groundwater feeder system for the RAMSAR wetlands. Pink Bark and Dune Buggy on the other hand appear to have a much easier pathway to production?
APS Price at posting:
5.1¢ Sentiment: None Disclosure: Not Held
