Kingston Resources (ASX: KSN) announced that it has passed another key milestone in its strategy to return its flagship Misima Gold Project in PNG to production after lodging an Environmental Inception Report (EIR) for the Project with the PNG Government’s Conservation and Environment Protection Authority (CEPA) for initial review.
This marks the commencement of the process for securing environmental approval for the Misima Gold Project.
The PNG Environment Act 2000 requires a developer to submit an EIR outlining the key environmental and social issues associated with the proposed project and the intended scope of investigations to address these in the subsequent Environmental Impact Statement (EIS).
What are the key highlights?
- Environmental Inception Report (EIR) for Misima Gold Project has been submitted, marking the formal commencement of the environmental approvals process.
- Historical Placer data and approvals provide a clear roadmap for the approvals program.
- Baseline environmental data collection continues on Misima, alongside the current 8,000m diamond drill program.
- Pre-Feasibility Study continuing and on track for completion in the December 2020 Quarter.
If you love gold stocks and want to read the full announcement, you can find it linked below!