Resources Victoria's Earth Resources Regulator has approved an Exploration Licence for an area between Stawell and Warracknabeal targeting a mineral formation known as the Jackson deposit.
The licence (EL008516) allows a subsidiary of Astron Corporation, Jackson Mineral Sands Pty Ltd, to look for evidence of minerals over an area to the west and north of Rupanyup. An Exploration Licence does not allow mining.
Victoria's minerals legislation sets out the reasons to grant or refuse an exploration licence. These include whether the applicant is fit and proper to hold a licence, they have a suitable program of work and are likely to be able to fund their activities.
Exploration for minerals typically involves mapping, water and soil sample testing, ground surveying and targeted drilling. If a commercially viable deposit is identified, a separate process toward mining involves further assessment, local engagement and regulatory approvals.
The new Exploration Licence is for an area about one kilometre from Astron's existing Donald Mineral Sands Project, which was granted a Mining Licence (MIN5532) in 2010 and has a work plan under assessment.
Quotes attributable to Laura Helm Director, Statutory Authorisations, Resources Victoria
"The criteria for granting an exploration licence includes whether the applicant is fit and proper, has a suitable program of work and is likely to be able to fund their activities."
