Octagonal get green light for Victorian gold mine

Octagonal Resources has received all approvals necessary to start mining its Pearl Croydon gold deposit in Central Victoria.

The miner has now received planning permits, following statutory endorsement approval for its work plan in September.

It comes as the state announces a series of reforms to cut mining red tape in Victoria.

Acting Premier and Minister for State Development Peter Ryan along with Treasurer Michael O’Brien announced 36 red tape reforms they say will benefit many sectors of Victoria’s economy and attract more business to the state.

For mining this means cutting costs, streamlining the mining application process and offering up crown land for rehabilitation purposes.

Last year it also committed to spending $31.7 million over four years on programs to boost the region’s mining industry.

Regarding the permit approvals, Octagonal’s managing director Anthony Gray stated that “this is a major milestone for our company”.

“We have a good working relationship with the community in Maldon where we have out underground mine and mill; we expect that ore delivered from the Pearl Croydon Mining Operation will supplement underground mining at the Alliance South Shoot in Maldon and provide and ongoing feed to the Porcupine Flat gold processing plant for at least the next 12 to 18 months,” he said.

Site works will begin in February.

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