Vimy Resources Limited (ASX:VMY, OTCQB:VMRSF) is pleased to announce that it has formally submitted notification of “substantial commencement” of the Mulga Rock Uranium Project to the Western Australian Department of Water and Environment Regulation.
Implementation of Mulga Rock was approved under Ministerial Statement No. 1046 on 16 December 2016. Under conditions 3-1 and 3-2 of MS 1046, Vimy is required to substantially commence implementation of the proposal within five years and provide notification and supporting evidence.
Since commencing the early works program in late September 2021, Vimy has cleared approximately 143ha and stockpiled the corresponding soil and growth medium. The area cleared covers the first open cut mine pit under the approved Mining Proposal, the first ‘Overburden Landform’, the area for the accommodation village and communications tower, borrow pits and upgrades to existing site access roads.
Vimy’s Interim CEO Steven Michael said:
“Notification of substantial commencement at Mulga Rock is a proud moment and major milestone in the development of Western Australia’s first uranium mine.
“The Vimy board, management and consultants have diligently advanced the project over the last five years and what our on-site team and contractors have achieved since receiving approval of the Mining Proposal just two months ago is amazing.
“The foundations are now in place to build a long-life, strategic resource project for Western Australia and the board of Vimy is focused on rapidly advancing Mulga Rock to its next development milestone.
Vimy will continue to work co-operatively with the various State and Federal Government departments to obtain the approvals required to ensure Mulga Rock delivers first uranium production in 2025.”
