- Elementos (ELT) receives government support for its Oropesea tin project in Andalucía, Spain
- The Government of Andalucía has put Oropesea into its project accelerator unit and named it one of seven significant mining projects
- This means any regulatory assessments from Oropesea will be streamlined and the government will provide further support to ensure the successful start-up and execution of the project
- Managing Director Joe David says this news is the “most significant regulatory step in the project’s development to date”
- On the market close, Elementos is down 1.57 per cent and trading at 62.5 cents per share.
Elementos (ELT) has received government support for its Oropesea tin project in Andalucía, Spain.
The Government of Andalucía (Junta de Andalucía) has put Oropesea into its project accelerator unit and named it one of seven significant mining projects.
This means any regulatory assessments from Oropesea will be streamlined and the government will provide further support to ensure the successful start-up and execution of the project.
Accelerator unit aims to support significant investment projects that generate wealth and employment fore the region of Andalusia.
Managing Director Joe David said he is appreciative of the government’s support and called it the “most significant regulatory step in the project’s development to date.”
“It affirms the project’s significance to the region and the strong working relationship we have formed with regulators,” he said.
“We look forward to now working even closer with the Junta de Andalucía to bring the Oropesa Tin Project into operation for the benefit of the region and all stakeholders.”
Currently, a definitive feasibility study is underway at the project and part of that includes the optimisation study.
This optimisation study is due for release within a month and will confirm Oropesa’s size and scale as well as serve regulatory submissions.
“Applications for both the Environmental Impact Assessment (EIA) and Exploitation Licence are also in an advance drafting status,” Mr David added.
On the market close, Elementos was down 1.57 per cent and is trading at 62.5 cents per share.