PERTH, Australia, Sept. 25, 2018 /CNW/ - LeadFX Inc. (the
"Company" or "LeadFX") (Toronto Stock Exchange:
LFX) announces that the Western Australian Minister for the
Environment; Disability Services the Hon. Stephen Dawson MLC has
issued Ministerial Statement No.1083 to Rosslyn Hill Mining Pty Ltd
("RHM"), LeadFX's 100% owned subsidiary, approving the
implementation of the Hydrometallurgical Facility and mine
extension ("Proposal") at the Paroo Station Lead Mine, 30km
west of Wiluna in Western
Australia.
A copy of Ministerial Statement No. 1083 will be made available
on the Company's website. It replaces all previous statements but
retains the conditions in Ministerial Statements 905 and 1042
issued in 2012 and 2016 respectively.
The Proposal involves the construction of a new
hydrometallurgical facility and associated infrastructure adjacent
to the existing flotation concentrator that is expected to 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 is expected to be trucked from site to
port as an item of general freight.
Ministerial approval is the definitive environmental approval
required for the Proposal under Part IV of the Environmental
Protection Act 1986 and has been received in the timeframe
previously indicated by the Company in its news release of
April 4, 2018.
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
production of lead ingot and the expected transportation of lead
ingot. 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.