TECH will get EPBC tick

PERTH ( – The Division of Local weather Change, Power and the Surroundings and Water has authorized ASX-listed Queensland Pacific Metals’ plans to develop its Townsville Power Chemical substances Hub (TECH) base metals undertaking.

The approval, beneath the Environmental Safety and Biodiversity Conservation (EPBC) Act, represented a significant milestone for the corporate because it progressed in direction of a ultimate funding resolution, the corporate stated on Friday.

The opposite main approvals required for the undertaking embrace these from the Townsville Metropolis Council and the Queensland state authorities.

A beforehand accomplished prefeasibility examine into the TECH undertaking estimated that it may produce 565 714 t/y of ore containing 26 398 t of nickel sulphate, 3 097 t of cobalt sulphate, 4 007 t of excessive purity alumina, 327 665 t of hematite and 20 079 t of magnesia over a 30-year mine life.

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