The Conversation (0)
Lion One Metals Ltd. (TSXV:LIO,OTCQX:LOMLF) announced that the environmental impact assessment (EIA) for its Fiji-based Tuvatu gold project has been completed and approved.
Lion One Metals Ltd. (TSXV:LIO,OTCQX:LOMLF) announced that the environmental impact assessment (EIA) for its Fiji-based Tuvatu gold project has been completed and approved.
As quoted in the press release:
Fiji’s Department of Environment has approved the Company’s EIA for Tuvatu and has recommended that mining activities can proceed. Additionally, in December 2013, the Director of Mines published the Company’s Notice for a Mining Lease Application in the Fiji Government Gazette and two national newspapers, and has since notified the Company that no public objections were lodged during the proscribed thirty day window. The granting of the Mining Lease is now contingent upon the grant of the Surface Lease. Advanced discussions are underway with the iTaukei Land Trust Board concerning the terms of compensation for land use at Tuvatu, which is a necessary prerequisite for the grant of the Surface Lease. The Company anticipates finalizing the terms of compensation for the Surface Lease in a timely manner and will provide further guidance as warranted.
Click here to read the full Lion One Metals Ltd. (TSXV:LIO,OTCQX:LOMLF) press release.