Regis Resources Ltd’s McPhillamys Gold Project, located in the rich mining region of Central Western NSW, approximately 250 kilometres west of Sydney, has received final approval from the Independent Planning Commission (IPC) of New South Wales.
The project’s green light to proceed follows a substantial process including review of the Department of Planning and Environment (DPE)’s Assessment Report, submissions from stakeholders, and a public hearing held last month.
Managing Director Jim Beyer said he is very pleased with the IPC’s final determination and the company can now move forward with its production ambitions at the McPhillamys Project.
“The project holds substantial potential for Blayney and its surrounding areas in Central Western NSW and we look forward to working with local communities, stakeholders and companies to mitigate the risks and concerns surrounding the project and establish this gold mine in a collaborative way.
“McPhillamys is one of Australia’s largest undeveloped open-pittable gold resources and underpins significant value potential for Regis.
“We anticipate a response on the Federal Section 10 application shortly and will now incorporate the approval conditions into the finalised feasibility study, complete the funding strategy for the Project and expect announcing further developments late in 2023.”
