Southern Cross Gold Gains Regulatory Acceptance for Sunday Creek Project
What happened
Southern Cross Gold announced that Resources Victoria has accepted a Mining Licence Application (MLA) lodged by the company's wholly owned subsidiary, Clonbinane Goldfield Pty Ltd. The application concerns the Sunday Creek Gold-Antimony Project, located on company-owned freehold land 60 km north of Melbourne. The acceptance of MLA MIN009040 is a positive first step in a staged approvals pathway, though a Mine Work Plan and a planning permit are still required before mining can commence.
From finanznachrichten.de
Why it matters
The acceptance of the MLA allows the company to move forward with the Sunday Creek project, which covers the historic Golden Dyke workings. This process follows years of exploration drilling and technical assessment. The company must now successfully navigate the public advertising process for the application, which runs for a minimum of 21 days.
From finanznachrichten.de
Who's involved
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The entities involved
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Kilmore
town in Victoria, Australia
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Melbourne
capital city of Victoria, Australia
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Michael Hudson
American business journalist
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