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Sandfire Resources America Black Butte Copper Achieves Two Key Permitting Milestones-2020 China(Guangzhou)Int’l Non-Ferrous Metal（Copper）Exhibition
3/16/2020 - Copper exhibition -non-ferrous metals expo |
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Sandfire Resources America Inc has achieved two key permitting milestones for the Black Butte Copper underground mining project in Montana. Two Montana Government agencies have each issued important components of the overall permitting process for the Black Butte Copper project which are key to the Company receiving a Record of Decision for its Mine Operating Permit. First is the release of Final Environmental Impact Statement by the Montana Department of Environmental Quality. The MTDEQ commenced the EIS in September 2017 and released a Draft EIS in March 2019. Issuance of the Final EIS signals that the MTDEQ, and its independent third-party environmental consultants, have completed all environmental reviews related to Black Butte Copper and all issues raised during the public comment period have been responded to. Second, the Department of Natural Resources & Conservation has issued a Preliminary Determination in response to the water right owners’ application to modify their irrigation water rights to include leasing water for mitigation for the Black Butte Copper project. The proposed water right modification maintains water balance in the Sheep Creek drainage area. The PD will also address the Company’s request for a groundwater permit and a high flow water right to capture spring run-off and store in a reservoir, which will provide water to replenish stream flows year-round. The issuance of the PD triggers a comment period for other water rights holders prior to a Final Determination.
The achievement of these key milestones requires the MTDEQ to release a Record of Decision, whether positive or negative, for Black Butte Copper’s MOP after a minimum of 15 days. Issuance of a positive RoD would require the MTDEQ to finalize a bond calculation within 40 days- paving the way for the commencement of construction at Black Butte.
In a press release released today, DEQ Director Shaun McGrath stated, “The Final EIS represents a thorough evaluation of the potential impacts of this proposed project. Our review was informed not only by the DEQ scientists working on the project, but also by the thousands of comments submitted throughout the process. It was truly an extensive effort and we appreciate the public’s interest and participation.”
All the technical studies have now been completed for the Black Butte Project Feasibility Study, which commenced in October 2018. The Company released an updated Mineral Resource in October of 2019 for use as the foundation for the Feasibility Study.
GR Engineering Services, SRK Consulting and others are now completing documentation of the technical sections. Once the RoD is published, the Company can ensure that the designs and financial modelling in the Feasibility Study are consistent with the permit requirements.
有色金属展-铜材展-2020年广州国际有色金属工业（铜业）展览会
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