PACIFICO Minerals Limited has announced the execution of a Native Title, Heritage Protection and Mineral Exploration Agreement for the 100pc Pacifico-owned tenement E80/5317 (‘Eight Mile Creek’) in WA, which covers an area of 21,730ha to the northeast of Kununurra and south of the Sorby Hills Joint Venture Project.
There are existing sealed roads to transport concentrate from site to the facilities at Wyndham Port (150km from the Project), with established infrastructure allowing for fast-tracked production.
Following on from a significant resource upgrade in Q4 2019, Pacifico is now completing an Optimised PFS targeting an increased mining rate and greater processing capacity. The study is progressing well is expected to be completed in June 2020.
The area has the potential to become a new mining district and Pacifico is laying the foundations for a long-term future within the region.
The newly granted exploration tenement adds a further 30km strike length of near-surface prospective horizon for exploration.
The agreement paves the way for a productive and collaborative relationship with the Miriuwung and Gajerrong people.
Cultural awareness and heritage training will be provided before work is commenced on the tenement.
Pacifico will also endeavour to maximise employment opportunities for the Miriuwung and Gajerrong people where they are qualified, and they will be heavily involved in activities such as the cultural heritage clearance of areas in which exploration work will be undertaken on the new acreage.
Managing Director Simon Noon said the Miriuwung Gajerrong people would have the opportunity to benefit from future exploration as well as any future production from the Eight Mile Creek tenement.
