Vimy bid set to beat ban on ura­nium

Pilbara News - - News - Ben Har­vey

Andrew For­rest-backed Vimy Re­sources is hop­ing an an­nounce­ment about its Mulga Rock project lodged with the Aus­tralian Se­cu­ri­ties Ex­change 24 hours be­fore the re­cent State elec­tion will bol­ster the chances of the ura­nium play go­ing ahead de­spite the op­po­si­tion of the new La­bor State Gov­ern­ment.

In­com­ing pre­mier Mark McGowan has said his Gov­ern­ment will not per­mit new ura­nium mines but will al­low ex­ist­ing pro­jects if “all nec­es­sary ap­provals are in place for them to op­er­ate”.

As mo­men­tum for a La­bor win grew the day be­fore the elec­tion, Vimy an­nounced it had “com­menced work on the Mulga Rock project”.

The note did not de­tail what work had started and con­tained the ad­mis­sion that a fi­nal in­vest­ment de­ci­sion had not been made.

The state­ment noted that the “next phase of work will in­volved some ini­tial con­struc­tion ac­tiv­ity as­so­ci­ated with both in­fra­struc­ture fa­cil­i­ties and min­ing and will ex­pe­dite devel­op­ment of the project once the fi­nal in­vest­ment de­ci­sion is made and full-scale con­struc­tion starts”.

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