Metallica Minerals (ASX:$MLM) announcement

Metallica Minerals Limited (ASX:MLM) has announced that its Cape Flattery Silica (CFS) Project has been declared a coordinated project by the Queensland Government's Office of the Coordinator-General. The project meets the criteria under the State Development and Public Works Organisation Act 1971 (QLD) and is the first project at Cape Flattery to receive this designation.

Executive commentary on coordinated project declaration

Metallica Minerals Executive Chairman, Theo Psaros, expressed the company's pleasure at the coordinated project declaration, highlighting the professional and diligent assessment by the Office of the Coordinator-General. Psaros also emphasized the strong support from the Queensland Government and the value this adds to the regional government, Queensland Government, and Commonwealth agencies engaged throughout the approvals process.

Summary of Metallica Minerals announcement

Metallica Minerals' Cape Flattery Silica (CFS) Project has been designated a coordinated project, streamlining interactions with key State and Commonwealth Government departments and agencies. The Coordinator-General will prepare draft terms of reference for an Environmental Impact Statement (EIS), with significant environmental works already undertaken. The project's development is expected to be a major boost to the North Queensland economy, leveraging its strategic location and off-take agreements already in place. The company continues to progress various off-take and financing discussions for the project's development.