REG - Tungsten West PLC - Key Permit Awards

Tungsten WestAnnouncement

15/12/2022 07:00

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RNS Number : 7663J  Tungsten West PLC  15 December 2022

15 December 2022

Tungsten West Plc

("Tungsten West", the "Company" or the "Group")

 

Key Permit Awards

 

Tungsten West plc (LON: TUN), the mining company focussed on restarting
production at the Hemerdon Tungsten and Tin Mine ("Hemerdon" or the "Project")
in Devon, UK, is pleased to provide an update on permitting, having received
approval for the Mining Waste Facility permit and the Open Pit Water
Abstraction Licence, two significant milestones within the Project plan.

 

Highlights

 

·      Mining Waste Facility ("MWF") permit received from the
Environment Agency ("EA")

·      Open Pit Water Abstraction Licence granted by the EA

·      Two further abstraction permits expected in early 2023

·      Updated Mineral Processing Facility permit, taking into account
the revised processing plan in the new Feasibility Study, is on track and is
progressing through the approval process

·      Further updates will be provided to the market regarding the
permitting progress in 2023

 

As part of the Company's commitment to complying with the highest
environmental standards, it has implemented an integrated environmental
management system which includes water management, consisting of ISO 14001
(Environment), 9001 (Quality) and 45001 (Health & Safety). Tungsten West
has also developed an environmental, social and governance  ("ESG") strategy,
which aligns with UN Sustainable Development Goals, International Finance
Corporation Performance Standards, and the Sustainability Accounting Standards
Board.

 

Tungsten West is committed to a vision of a safe and sustainable operation
delivered throughout the business with professionalism, attention to detail
and the empowerment of employees. Tungsten West prides itself on its respect
for the environment, community, health, safety, sustainable working practices,
and meeting the needs and expectations of all stakeholders.

 

We are focussed on providing significant economic benefits to the people and
communities surrounding the mine, as well as the UK as a whole.  .

 

Further Information

 

Mining Waste Facility permit received

 

The MWF permit has been received from the EA following a detailed process. The
MWF permit covers all mining activities to be undertaken at the Hemerdon mine,
including mining and water and waste management.

 

In order to satisfy requirements of the MWF permit, Tungsten West was required
to put key policies in place including, but not limited to:

·      Waste management plan

·      Waste characterisation report

·      Geotechnical assessment

·      Stability risk assessment

·      Dust risk assessment

·      Groundwater and surface water risk assessmen

·      Environmental risk assessments

·      Ecological risk assessment

·      Ecological mitigation and enhancement strategy

·      Restoration concept

·      Assessment of potential downstream risks

·      Surface water management plan

·      Internal emergency plans.

Abstraction Licence received

 

In addition to the MWF permit, the EA has also granted Tungsten West its
abstraction licence to abstract water from the open pit. This permit is in
addition to and complements the previously awarded permits as part of the
overall site water management system.

 

Additional Permitting

 

Tungsten West has now successfully received two of the four permits required
to restart mining at the Hemerdon Mine.

 

The two outstanding permits were submitted to the EA in 2021 are the Mineral
Processing Facility permit, which is being progressed in line with the EA's
process, and the remaining abstraction licence both of which are expected in
Q1 2023.

 

Further updates will be provided to the market regarding the permitting
progress in 2023.

 

Mark Thompson, Executive Vice Chairman of Tungsten West, commented:

 

"The approval of these two key permits demonstrates continued significant
progress for the Company on its journey in recommencing production at
Hemerdon.

 

"We believe that our commitment to upholding and adhering to international
best practice in mining operations, environmental conservation and safe
working practices will allow the Company to successfully receive the remaining
required permits in good time to restart operations in the second half of next
year.

 

"We look forward to keeping shareholders updated on progress made at the
Project and all matters surrounding its permitting, in due course."

 

This announcement contains inside information for the purposes of Article 7 of
Regulation 596/2014 as amended by the Market Abuse (Amendment) (EU Exit)
Regulations 2019.

Enquiries

 Tungsten West                                                              Strand Hanson

 Mark Thompson                                                              (Nominated Adviser and Financial Adviser)

 Tel: +44 (0) 203 178 7385                                                  James Spinney / James Dance / Abigail Wennington

                                                                            Tel: +44 (0) 207 409 3494
 BlytheRay                                                                  Hannam & Partners

 (Financial PR)                                                             (Joint Broker)

 Tim Blythe / Megan Ray / Said Izagaren                                     Andrew Chubb / Matt Hasson / Jay Ashfield

 Tel: +44(0) 20 7138 3204                                                   +44 (0)20 7907 8500

 Email:  tungstenwest@blytheray.com (mailto:tungstenwest@blytheray.com)

                                                                            VSA Capital Group plc

                                                                            (Joint Broker)

                                                                            Andrew Raca / Andrew Monk

                                                                            +44 (0)20 3005 5000

Follow us on twitter @TungstenWest

 

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