Thursday, 31 January 2013 14:14
Copper explorer Pegasus Metals has announced that its McLarty Range Copper Project will not be affected by the Western Australian government’s proposed Class A national park in the state’s Kimberley region, following the government’s proposed park plan.
The proposed park, which includes Horizontal Falls at Talbot Bay, comprises the area set aside by the State Government when it created a Mining Act Section 19 Exemption Area over the Horizontal Falls in December last year.
The proposed park also includes areas that are not the subject of granted exploration licences. The tenements which form part of the McLarty Range project include one granted exploration licence and an exploration licence application that falls outside and to the east of the proposed area of the Class A national park.
Pegasus announced at the end of last year that the Exemption Area did not affect the granted tenure or access to the Bowerbird and Copper Cliff/Main Syncline prospect areas in any way, with the prospects the focus of the company’s exploration as part of its McLarty Range Project.
Moreover, Pegasus and its McLarty Range Project partner Kimminco assisted the State Government with the Exemption Area by relinquishing an ELA (E04/2001) and two blocks of a granted exploration licence (E04/1441).
Pegasus had already declared these areas to be part of a “self-imposed buffer zone” adjacent to the Horizontal Falls.
Pegasus director Michael Fotios said the proposed national park would have no impact on
future exploration at McLarty Range.
“Pegasus has already declared the area subject to the proposed national park as a “self-imposed buffer zone” as part of its policy to protect the Horizontal Falls site nearby,” Mr Fotios said.
The McLarty Range Copper Project is about 250km north-east of Broome, and covers a portion of the folded Proterozoic-aged Kimberley Basin.
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