- Venturex Resources’ (VXR) Sulphur Springs Copper-Zinc Project has been granted approval by the Western Australian Minister for Environment
- This approval marks the final phase of a comprehensive environmental assessment process that began in late 2016
- Sulphur Springs includes the Sulphur Springs and Kangaroo Caves deposits along the 27-kilometre Panorama Trend
- This trend hosts six advanced targets that have shown commercial-grade copper and zinc
- Venturex will move to finalise its secondary permit applications before formally commencing exploration
- Venturex is up 4.62 per cent and shares are trading for 6.8 cents each
Venturex Resources (VXR) has been granted approval by the Western Australian Minister for Environment for its Sulphur Springs Copper-Zinc Project.
This approval is a significant step as it marks the final phase of a comprehensive environmental assessment process that was initiated in late 2016.
“The receipt of ministerial approval is a very significant milestone for the company and marks the culmination of a considerable, determined effort by the Venturex team and our consultants over the last few years,” Executive Director Anthony Reilly said.
The Sulphur Springs Project is located 144 kilometres to the southeast of Port Hedland. The project includes the Sulphur Springs and Kangaroo Caves deposits, together with tenements along the 27-kilometre Panorama Trend. This trend hosts six advanced targets that have shown commercial-grade copper and zinc.
“Importantly, the approval substantially reduces the regulatory risk for Sulphur Springs and facilitates ongoing engagement with potential project partners and financiers,” Anthony added.
Venturex will now proceed with finalising key secondary permit applications before it can formally commence exploration.
Venturex is up 4.62 per cent and shares are trading for 6.8 cents each at 11:52 am AEST.