Shree Minerals Limited (ASX:SHH) has received comments from the Tasmanian Environmental Protection Agency (EPA) on its draft development proposal and environment management plan (DPEMP) for the Nelson Bay River Iron Ore Project (NBR) which was submitted in January.
The company will now work with its technical consultants and the EPA to update the draft DPEMP with requested additional details and clarifications on the proposed mining operation and the management measures.
NBR Project (Mining Lease 3M/2011) is in the far northwest of Tasmania, around 150 kilometres from the Burnie Port.
Targeting restart
The Direct Shipping Ore (DSO) project at NBR was developed in 2013, with the first shipment of ore leaving the Port of Burnie in January 2014, however, the project was placed on care and maintenance in June 2014 following sharp iron ore price falls.
With the improvement in the iron ore price since mid-2018, the company has been actively working to re-permit the NBR and the strategy has been to recommence the production of DSO resources from the existing open pit.
To resolve legal issues with the existing permit, the company applied for a new Tasmanian environmental permit covering the DSO operations and after public consultation in November 2018, the EPA issued guidelines for the preparation of a DPEMP.
The company is focused on progressing the iron ore project towards recommencement in a very strong macro environment for producers.