VRX 0.00% 4.0¢ vrx silica limited

From the update:-The Company will prepare an Environmental...

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  1. 2,707 Posts.
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    From the update:-
    The Company will prepare an Environmental Scoping Document (ESD) which details the environmental studies that are required to inform the assessment of the project.
    Additional studies may include:
    • Cultural and Heritage Assessment
    • Greenhouse Gas estimate
    • High Level Air Quality Assessment
    The Company has already commenced these studies and will finalise prior to the end of the PER period.
    Preparation of the ESD is a fundamental step in the EPA administration procedures to inform the Environmental Impact Assessment of
    Arrowsmith North.

    I am a little confused, as the PER is due to finish 4 weeks from 18th May and these will be prepared before the end of the PER even though it states they "MAY include", assume the assessment will progress much beyond the 4 week period. The timelines are very unclear to me and no other departments can approve before the EPA.

    Clearly due to the ASX price query, this is the reason for the rushed update. Not impressed.

    On the 50kg samples, its unclear on the status of these, have they been sent or is the pilot about to commence - seems like the ball is well and truly dropped.

    IMHO, each of these points should have been released as separate updates as and when they were available, clearly progress is being made and the SP would have remained far more stable if these updates were made.

    All in my opinion only and not financial advice.
 
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