PriceSensitive

Leigh Creek Energy (ASX:LCK) granted Aboriginal Heritage Act authorisation

ASX News, Energy
ASX:LCK
04 January 2022 12:14 (AEST)
Leigh Creek Energy (ASX:LCK) - Executive Chairman, Justyn Peters

Source: Leigh Creek Energy

Leigh Creek Energy (LCK) has been granted an authorisation under the Aboriginal Heritage Act for the development of its gas project within the former Leigh Creek Coalfield in South Australia.

This authorisation enables the gasification of underground coal deposits, well drilling for exploration, production and monitoring, geophysical surveys, and construction of processing and manufacturing facilities.

A number of conditions had to be met including compliance with the Aboriginal Affairs and Reconciliation Department (AAR’s) Aboriginal Heritage Discovery protocols, and complying with all statements of environmental objectives.

Leigh Creek must also not undertake any activities in a designated heritage exclusion zone and report any Aboriginal Heritage encountered.

Executive Chairman Justyn Peters says the authorisation is an important milestone.

“This authorisation is one of those important milestones as it gives LCK, its shareholders and investors confidence in our ability to secure approvals and demonstrates the government’s commitment to our project,” Mr Peters said.

“There were several important points made in the Treasurers statement on December 31, 2021.

“That consideration was given to a large range of views but that the economic benefits of the project along with protection conditions in the authorisation would ensure proper protection of cultural heritage whilst at the same time deliver economic benefits of our project to the state.”

Shares in Leigh Creek were up 6.25 per cent on the market and were trading at 17 cents at 11:31 am AEDT.

Related News