Chatham Rock Phosphate Ltd.’s Korella North mine project continues to steadily progress its mining lease application. The latest milestone was a prelodgment meeting with the Department of Resources in Townsville held on Nov. 1, 2023. The draft mining lease application for Korella North was discussed, and areas of interest requiring further advice identified.
In parallel, a prelodgment meeting with the Department of Environment over the draft environmental assessment application is being arranged.
Negotiations with the landowner and native title holders are well advanced.
The ability to make this mining lease application flows from the completion of the National Instrument 43-101 technical report that identified the 2.7 million tonnes resources upon which the Korella North mine is based.
The mining lease application covers about 118 hectares, of which initially only three hectares of the resource will be mined. This selected area contains a total of 390,000 tonnes within the 22-metre-thick Monastery Creek phosphate member.
Further updates on the formal lodgment will be reported in due course.
