PMET Resources Advances Canada Project Permitting, Feasibility Study

MT Newswires Live

May 05

PMET Resources (ASX:PMT) said its Environmental and Social Impact Assessment (ESIA) for the Shaakichiuwaanaan project in Canada was submitted to federal and provincial authorities on March 31, with the federal ESIA deemed complete by the Impact Assessment Agency of Canada (IAAC), according to a Tuesday Australian bourse filing.

The first statutory public consultation period is now underway, closing May 28, the filing added.

The company said an updated CV5 lithium-tantalum feasibility study and a parallel lithium-caesium-tantalum preliminary economic assessment (PEA) and scoping study on the broader project are on track, targeting completion in the fourth quarter, the filing added.

The company added that a CV5 bulk sample application of about 50,000 tonnes is under review with feedback expected from COMEX in the second quarter, with project engineering continuing to advance toward shovel-ready status by the end of the year, while a Hydro Quebec power application has been submitted with assessment in progress.

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