Avenira Limited (ASX:AEV) Announces Mine Management Plan Approval
Mine Management Plan Approval
Avenira Limited has obtained approval from the Northern Territory Government for the Mine Management Plan (MMP) of its Direct Shipping Ore (DSO) Wonarah Phosphate Project. The approval includes open pit designs for 1.3Mt of DSO feedstock at the Arruwurra deposit, supporting roads, infrastructure, and an exploration drilling program with up to 242 holes for feasibility studies.
Operational Progress
The Avenira team is advancing key activities to achieve the first DSO ore shipment in Q4. Tenders awarded include the Jemena pipeline crossover bridge, accommodation camp refurbishment, and appointments of a global recruitment firm and HR service provider. Additionally, mine design optimisation, mobile equipment procurement, and management of secondary permits and licenses are underway.
Future Outlook
Avenira anticipates that DSO operations and future project phases will bring positive economic impacts to the region, including local employment opportunities for up to 100 people, with potential increases as the project expands.
Executive Comments
Chairperson and CEO Stephanie Yuan stated, “We are pleased to receive approval of the Mine Management Plan supporting the Company’s proposed mining activities at Wonarah. This approval is a key step toward unlocking our plans to commence operations by Q4.”
“The DSO operations are an important step in the development of a downstream beneficiation plant and Yellow Phosphorous processing facility in the Northern Territory. We would like to acknowledge and thank the Northern Territory Government for their support and we look forward to continuing our work together.”
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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