@Sub1
Any ideas what they will need to setup to get this underway?
Not at this time.
There is a September 2014 Mining Lease application floating around on SARIG (look under Deposit Number 8455) with a document ID A2228598 for a start-up pit at West Kalkaroo, if you are interested.
It stated that for the Kalkaroo West prospect, located at the western end of the Kalkaroo deposit, "mining is likely to start at Kalkaroo West, where the cover is shallowest and the ‘ore’ is of slightly higher grade."
But this September 2014 application only had gold production coming from mining the native copper zone (mostly copper and some gold in super gene enriched zone). Both the gold in saprolite and in the Namba clay (shallow gold) were considered sub-economic back during 2014.
With the current US$ gold price and the A$/US$ exchange rate, things will have changed on that front.
Also do they have the approvals to mine this?
Kalkaroo Copper Pty Ltd (the Havilah subsidiary that owns the Kalkaroo Project) must not carry out mining operations unless there is an approved program for environment protection and rehabilitation (an approved PEPR), per the Mining Lease document below:
http://www.energymining.sa.gov.au/__data/assets/pdf_file/0007/342835/ML6498_Website_Version.pdf
The proposed PEPR must be submitted no later than: 21 May 2020.
Kalkaroo Copper Pty Ltd must commence mining operations in accordance with the approved PEPR within 12 months after the PEPR's approval.
'PEPR' means Program for Environment Protection and Rehabilitation
Cheers
These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
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