The Conversation (0)
Titanium Sands Limited (“TSL”) is pleased to announce the progression of the approval processes for its Mannar Heavy Mineral Project in Sri Lanka, following the release by the CEA of the Terms of Reference for the Mannar Island Environmental Impact Assessment (EIA).
- Central Environment Authority (CEA) has provided the Terms of Reference (ToR) for the environmental assessment of the Mannar Heavy Mineral Project following site visits and input from 35 regulatory bodies and government departments
- The ToR contains the requirements for the environmental studies for an Environmental Impact Assessment (EIA)
- On completion of the EIA, the Geological Survey and Mines Bureau (GSMB) will then be in a position to issue an Industrial Mining License (IML) for the Project
- The ToR outlines environmental, heritage, social and economic requirements necessary for GSMB approval of the IML
- TSL is focused on delivering economic benefits to the people of Mannar, through job creation and generational wealth, while preserving cultural heritage and protecting the environment
The release of the ToR on 20 March 2025 followed a series of CEA meetings and presentations, culminating in the Scoping Presentation on 22 August 2024 and the Scoping Site Visit on 19 February 2025 by stakeholders in the Project. Submissions made by stakeholders at both the scoping meetings have been included in the ToR which forms the basis of the requirements of the EIA.
TSL’s Managing Director, Dr James Searle said“the release of the ToR is a significant step forward in the regulatory approvals process for this Project. The Project will deliver a high-grade mineral sands operation that will create significant employment opportunities and become a source of wealth for local communities, as well as a significant boost in revenues to the Government of Sri Lanka.
TSL is focused on delivering a low impact environmentally friendly project, with the highest levels of social awareness and inclusion. As heavy minerals have been mined for decades on the Sri Lankan mainland, TSL looks forward to building on the size and quality of the industry making a significant impact to the economic benefits of Sri Lanka”.
Next Steps
ToR
The ToR has been prepared on input from 35 departments and regulatory bodies within Sri Lanka’s Government. TSL’s EIA consultants will be required to address the following as outlined in the ToR:
- Overview of the proposed project and reasonable alternatives
- Report on existing environment and surrounds
- Report on anticipated environmental impacts
- Prepare an Environmental Management Plan (EMP) and monitoring program
- Assess all aspects of nature and wildlife restrictions
- Host community consultation and engagement.
The ToR also requires a report on any areas beyond the project site where there is potential for environmental impacts.
Environmental Impact Assessment
The EIA process will commence immediately. The EIA consultants will now be in a position to prepare a draft EIA to address the requirements of the ToR. The EIA will address baseline and impact assessments, mitigation measures and proposed strategies and management plans culminating in an efficient and environmentally successful project. The final EIA submission for GSMB review and approval is expected mid 2025, with support from government agencies and community groups.
As part of the EIA process, community consultation and comment will be undertaken with Mannar communities ensuring any other issues or concerns are addressed in the EIA.
Recent meetings with all of CEA, GSMB and Board of Investment (BoI) in Sri Lanka have led to the understanding that on completion of the EIA, formal IML approval would be granted in a timely manner.
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This article includes content from Titanium Sands Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Agreement Executed with Mark Creasy Over Peninsula Propsect
HIGHLIGHTS
- Prominent prospector and major shareholder Mark Creasy applies for several Special Prospecting Licences over Peregrine’s high grade Peninsula Prospect
- Binding agreement executed permitting access to enable the potential extraction of gold material down to 50m vertical depth
- Net proceeds recovered to be split in favour of Peregrine on a 60/40 basis
Figure 1: Map of SPL locations over the Peninsula prospect (E52/3850)
Figure 2: Location of Peninsula prospect within Newman Gold Project
Subject to the grant of the SPL, the Agreement stipulates the exploitation of precious metals can proceed under the following conditions:
- Any expenditures incurred in the process of exploitation are to funded by Mark Creasy and will be deducted from the value of any gold recovered (Net Value);
- The Net Value of any gold recovered (cash or physical form) to be divided 60/40 in favour of Peregrine;
- The SPL cannot be converted to a mining license and may not be advanced beyond 50m vertical depth from surface;
- Commencing from execution, the Agreement has a maximum term of three years and nine months;
- While Mr Creasy is responsible for and managing the SPL, as part of the Agreement, all activities are to be coordinated with Peregrine so that any significant mineralisation identified will be reported to the market in accordance with the Company’s continuous disclosure policy.
Having had a history of demonstrating spectacular shallow gold intercepts (Figures 3-6) (ASX Announcement: 5 August 2022), the Agreement recognises the significant potential of the Peninsula prospect and due to the Agreement being free carried through to gold monetisation, potentially provides the Company a pathway to generating cashflow at a time when the Australian gold price continues to reach all-time highs.
Technical Director of Peregrine Mr. George Merhi commented:
“It’s a pleasure to partner with a supportive shareholder with arguably the best track record for discovery and value creation in Australia on an initiative that will greatly advance our understanding of the geological potential of the Peninsula prospect. We look forward to updating shareholders once the SPL is granted.”
Figure 3: Peninsula Prospect - At surface drill core photo of ‘Hole A’ (ASX Announcement 5 August 2022). To assist with mineralogical and textural studies at the Newman Project, Hole A was not split and assayed for gold (ASX Announcement 12 January 2023)1.
Figure 6: Peninsula Prospect gold vein looking south-east1
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This article includes content from Peregrine Gold Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Mahalo JV Participants appoint Jemena to undertake Pipeline FEED
Key points:
- The Mahalo Joint Venture has engaged Jemena to undertake Front End Engineering Design (FEED) on the planned Mahalo Gas Hub Pipeline (MGHP) to connect the Mahalo JV Project to the Queensland Gas Pipeline (QGP) and GLNG Pipeline.
- Jemena is currently funding the Pipeline FEED cost.
- The Pipeline FEED will run in parallel to the Mahalo JV Project Upstream FEED (announced 6 Dec 2024).
- Jemena operates a diverse portfolio of energy assets in northern Australia and Australia’s east coast, including the QGP which runs between Wallumbilla and Gladstone in Queensland.
- Jemena may construct the MGHP on a build own and operate basis following completion of FEED and subject to achieving a final investment decision (FID).
- This is a significant step in Comet Ridge’s plans to develop meaningful gas supply to fill the looming supply gap for gas in Australia’s east coast energy market.
The proposed MGHP will be a DN250 (10 inch) Class 900 pipeline, connecting the planned Mahalo JV compression facilities to the Queensland Gas Pipeline (owned and operated by Jemena) and the GLNG Pipeline. It is proposed, subject to FID, the MGHP will connect the Mahalo JV’s gas fields and processing facilities to the gas market hubs of Gladstone and Wallumbilla in Queensland (see Figure 1).
Jemena may construct the MGHP on a build, own and operate basis once Pipeline FEED is completed and subject to the Mahalo JV Project FID. Jemena is currently funding the cost of the Pipeline FEED which is intended to be rolled into the total pipeline construction cost assuming Jemena proceeds with construction of the MGHP.
Comet Ridge Managing Director, Tor McCaul, said:“Commencing Pipeline FEED is an important milestone for the Mahalo JV Project. All workstreams are now being progressed to enable a final investment decision to be reached at Mahalo, which is well positioned to contribute as a near-term solution to the growing strain on east coast gas markets.
“We are especially pleased to commence this relationship with Jemena, a high-quality pipeline operator in Australia that provides regional synergy to Comet Ridge for the transport of gas to key gas market hubs on the east coast.”
Figure 1: Mahalo Gas Hub assets and proposed path of pipeline corridor connection to existing pipelines and domestic and LNG markets in Queensland
About Jemena and the Pipeline FEED
Jemena owns and operates a diverse portfolio of energy assets across northern Australia and Australia's east coast. With more than $12.4 billion worth of major utility infrastructure, Jemena supplies millions of households and businesses with essential services every day. Jemena has more than a century’s experience and expertise in the utilities sector and a strong portfolio of high-quality distribution and transmission assets, with a focus on opportunities for growth and innovation in its operations.
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This article includes content from Comet Ridge Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.