How is Delta Lithium's Mt Ida Project Approval Progressing?
Delta Lithium Limited (ASX:DLI) has recently achieved a significant milestone in the development of its Mt Ida Lithium Project in Western Australia. The WA Department of Mines, Industry, Regulation and Safety (DMIRS) has given its approval for the Mining Proposal and Mine Closure Plan for open pit mining operations at Mt Ida. This approval, along with other key permits already received, puts Delta Lithium in a position to commence open pit mining operations at Mt Ida.
Derisking Development of the Concentrate Project
Receiving approval for open pit mining operations is a significant step towards achieving Delta Lithium's strategy of attaining 'shovel ready' status for Phase 1 of mine development at Mt Ida. This milestone also works to further derisk the development of the concentrate project.
Opportunity to Exploit Gold Ore
One of the major benefits of this approval is that it positions Delta Lithium to take advantage of the opportunity to exploit shallow gold ore that is overlying the lithium ore. This opens up new avenues for potential value and strengthens the overall viability of the project.
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Technical Work Underway
With the recent update on the Lithium Mineral Resource Estimate (MRE) and the announcement of the maiden Gold MRE, Delta Lithium has commenced detailed technical work. This work will be based on these MRE updates and will contribute to the progress of both the lithium concentrate project and the discussion around deriving value from high-grade gold.
In response to the approval, Delta Lithium's Managing Director, James Croser, expressed his excitement:
“With all statutory approvals for commencement of mining now received, it is accurate to say that Mt Ida is indeed shovel-ready. The combined lithium and gold resources present a compelling mining project. The Company is now in an enviable position at Mt Ida to simultaneously progress studies on the lithium concentrate project; while also progressing discussion around deriving value from high-grade gold. ”
Delta Lithium Limited's approval for open pit mining at Mt Ida marks a crucial milestone in the development of their project. It positions the company to move forward with their mining operations and take full advantage of the potential value offered by the lithium and gold resources at Mt Ida. This approval is a significant step towards achieving Delta Lithium's goals and further solidifies the viability of the Mt Ida Lithium Project.
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