Moreton Resources subsidiary MRV Metals has received state government approval to restart the Granite Belt polymetallic project near Texas in Queensland.
The Granite Belt project includes the Twin Hills mine and has key silver prospects as well as the potential for copper, zinc and lead.
The Queensland Department of Environment and Heritage Protection (DEHP) issued MRV an Environmental Authority (EA), providing environmental approval for mining and mineral processing to resume at the project.
The EA will be effective once the company receives the mining lease – final outstanding approval needed for the project. The mining lease is expected in the coming months.
Moreton has also gained interest from companies able to provide debt funding to help bring the project back into production, with a facility also being negotiated.
Moreton executive chairman Jason Elks said he was encouraged by the progress the company has made to bring the project closer to restarting.
“The Granite Belt project is not only significant for Moreton but also for the region in which it is located,” he said.
“As it is looking more likely to proceed, the company is looking forward to contributing to economic development of Texas and the surrounding communities.”