Valence Now Able to Start Commercial-scale Graphite Production

Valence Industries Ltd. (ASX:VXL) announced that it’s received regulatory approvals for its South Australia-based Uley Graphite TM mining and manufacturing facilities.

The company is now allowed to start commercial-scale graphite production from existing stockpiles located at the Phase I plant. It can also construct and operate its Phase II plant expansion and start mining from Uley Pit 2.

As quoted in the press release:

The South Australian Department of State Development (DSD) on 23 December 2014 approved the company’s Program for Environment Protection and Rehabilitation (PEPR), the primary approval for mining operations to recommence at the Uley Graphite (TM) facilities. As a condition of this approval the company is lodging a rehabilitation bond of $1.708M for past and future work on the existing Mining Leases. Valence Industries has also worked closely with South Australia’s Environment Protection Authority (EPA) and Department for Environment, Water and Natural Resources (DEWNR) in the resolution of approvals, which includes the Works Approval under the Environment Protection Act, also received on 23 December 2014.

Click here to read the full Valence Industries Ltd. (ASX:VXL) press release.