(All dollar amounts are in Canadian dollars
unless otherwise indicated)
PERTH, AUSTRALIA, Aug. 1, 2018 /CNW/ - LeadFX Inc. (the
"Company" or "LeadFX") (Toronto Stock Exchange "TSX": LFX)
announces that the Western Australian Environmental Protection
Authority ("EPA") has recommended the approval of the
Hydrometallurgical Facility and mine extension of the Paroo Station
Lead Mine, 30km west of Wiluna in Western
Australia.
The proposal involves the construction of a new
hydrometallurgical facility and associated infrastructure adjacent
to the existing flotation concentrator that would produce
approximately 70,000 tpa of lead ingot and increasing the mine
disturbance area by 400 ha to accommodate a 15 year mine life for
the operation. Lead ingot would be trucked from site to port as an
item of general freight.
The EPA has issued EPA Report 1620 which contains the EPA's
recommendations and a draft ministerial statement to the Western
Australian government's Minister for Environment. The draft
ministerial statement contains few conditions beyond that which
exist in previous Ministerial Statements 905 and 1042 that have
regulated the operation. EPA Report 1620 is available on the EPA's
website.
The EPA's report to the Minister for Environment is now open for
a two week public appeal period.
Forward looking statements
This news release may contain "forward-looking statements"
within the meaning of applicable Canadian securities laws. Examples
of forward-looking information in this news release includes but is
not limited to statements and information concerning the expected
use of proceeds. Forward-looking statements are often, but not
always, identified by the use of words such as ''seek'',
''anticipate'', ''contemplate'', ''target'', ''believe'', ''plan'',
''estimate'', ''expect'', and ''intend'' and statements that an
event or result ''may'', ''will'', ''can'', ''should'', ''could''
or ''might'' occur or be achieved and other similar expressions.
Forward-looking information by its nature requires assumptions and
involves known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements to
be materially different from any future results, performance or
achievements expressed or implied by the forward-looking
information, and readers are cautioned not to place undue reliance
on such information. These statements are based on expectations,
estimates and projections as at the date of this news release and
are subject to a number of risks and uncertainties. Should one or
more of these risks or uncertainties materialize, or should
assumptions underlying the forward-looking information prove
incorrect, actual results, performance or achievement may vary
materially from those expressed or implied by the forward-looking
information contained in this news release. These risk factors
should be carefully considered and readers are cautioned not to
place undue reliance on forward-looking information, which is
current only as of the date of this news release. All subsequent
forward-looking information attributable to LeadFX herein is
expressly qualified in its entirety by the cautionary statements
contained in or referred to herein. LeadFX does not undertake any
obligation to release publicly any revisions to this
forward-looking information to reflect events or circumstances that
occur after the date of this news release or to reflect the
occurrence of unanticipated events, except as may be required under
applicable securities laws.
SOURCE LeadFX Inc.