Core Viewpoint - China Rare Earth Holdings Limited (03788.HK) has received approval from the Western Australia government for the Golden Pig gold mine's underground drainage and discharge into the Koorkoordine Lake tributary, enabling low-cost discharge of underground mine water prior to mining operations [1][2] Group 1: Project Details - The Golden Pig gold mine is part of the Cygnet gold project located approximately 360 kilometers east of Perth, Western Australia, which includes high-grade underground mines Golden Pig and Copperhead, as well as the Corinthia open-pit mine [1] - The total JORC-compliant resource for the project is 2.06 million ounces, with an average gold grade of 2.55 grams per ton [1] - The company plans to produce over 90,000 ounces of gold annually from the two high-grade underground mines and one open-pit mine at the Corinthia processing plant [1] Group 2: Approval Significance - The approval is seen as a result of collaboration between the company, government authorities, and local communities, allowing for the low-cost discharge of underground water [2] - This approval provides an opportunity for the company to plan ahead and accelerate the development of the high-grade gold mine, creating value for all stakeholders involved [2]
中国罕王(03788.HK)：GOLDEN PIG金矿收到排水工程审批