Surefire Resources NL (ASX:SRN) has welcomed the results of a hydrological assessment by specialist hydrological and environmental consultants Rockwater of the Victory Bore Vanadium Project’s proposed mining operation.
The report concluded that dewatering rates of the proposed open mining pit are predicted to be low, with little impact to existing station bores or wells, and that there are no known groundwater-dependent ecosystems that will be impacted nearby.
Moving swiftly toward development
“This is another positive step towards the permitting and development of our Victory Bore project which is developing into a significant critical minerals project,” Surefire Resources managing director Paul Burton said.
“This study also has positive implications for all our planned products following our High Purity Alumina (HPA) announcement.
“The development and permitting steps are being undertaken as quickly as possible and we look forward to providing further updates in the coming weeks.”
Surefire is planning an open-cut mine at the Victory Bore project with a proposed 4 million tonnes per annum mine rate, with beneficiation and processing on-site. The company is currently progressing a pre-feasibility study (PFS) for the proposed mine.
SRN will now incorporate the results of this assessment into its PFS, which will enable further permitting and regulatory approvals.