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- Western Yilgarn’s (WYX) Darling Range project in Western Australia remains under application by the Department of Mines, Industry Regulation and Safety (DMIRS)
- The project is one of many to be stalled under Government processes while awaiting guidance from the minister and DMIRS
- DMIRS advised it’s considering the implications of the recent Supreme Court blue-ribbon decision, which related to the grant of tenements
- Despite the setback, Western Yilgarn has been assured its application is in good standing and, based on DMIRS advice, expects to be granted the E 70/5111 mining license during the first quarter of 2023
- Western Yilgarn last traded at 13 cents at 2:05 pm AEDT
Western Yilgarn’s (WYX) Darling Range project in Western Australia remains under application by the Department of Mines, Industry Regulation and Safety (DMIRS).
The project is one of many to be stalled under Government processes while awaiting guidance from the minister and DMIRS.
DMIRS advised it’s considering the implications of the recent Supreme Court blue-ribbon decision, which related to the grant of tenements, subject to “no mining” conditions.
It’s also currently developing a policy regarding the use of no mining conditions, and expects the policy to be out for industry comment shortly.
This policy is then expected to be approved and in place during the first quarter of 2023.
Despite the setback, Western Yilgarn has been assured its application is in good standing and, based on DMIRS advice, expects to be granted the E 70/5111 mining license during the first quarter of 2023, or shortly thereafter.
The company told investors it continues to be encouraged by its “successfully” ongoing exploration efforts which have been reported by its adjoining neighbour, Chalice Mining (CHN).
Western Yilgarn last traded at 13 cents at 2:05 pm AEDT.
