Tailings Storage Approval Delays Could Impact Capricorn Copper Restart
29Metals has successfully moved its application for a new tailings storage facility at Capricorn Copper into detailed assessment, marking a critical step toward restarting operations sustainably.
- Application for TSF 3 at Capricorn Copper confirmed properly made by DETSI
- Application progresses to detailed environmental assessment phase
- Long-term tailings solution essential for sustainable restart of operations
- Water level reduction efforts continuing with one more wet season expected
- Ongoing engagement with Queensland government and stakeholders
Progress on Tailings Storage Approval
29Metals Limited has taken a significant stride forward in its Capricorn Copper project by submitting a formally accepted application for a new Tailings Storage Facility (TSF 3) to the Queensland Department of Environment, Tourism, Science and Innovation (DETSI). The confirmation that the application is properly made means it now enters a detailed assessment phase, a crucial step before any public consultation or requests for further technical information.
Strategic Importance of TSF 3
The development of a long-term tailings storage solution is not just a regulatory hurdle but a strategic imperative for 29Metals. Tailings facilities are essential for managing the byproducts of copper mining safely and sustainably. CEO James Palmer emphasized that securing this approval is key to enabling a successful and environmentally responsible restart of operations at Capricorn Copper, which has been on hold pending these critical infrastructure and environmental safeguards.
Water Management and Environmental Considerations
Alongside the TSF application, 29Metals is actively working on reducing water levels at the site, a necessary condition for both environmental compliance and operational readiness. The company anticipates that one more wet season will be required to achieve the desired water level reductions, underscoring the ongoing nature of environmental management efforts integral to the project’s future.
Engagement with Regulators and Stakeholders
29Metals has maintained constructive dialogue with DETSI and other stakeholders throughout this process, reflecting a collaborative approach to meeting regulatory requirements. This engagement is likely to continue as the detailed assessment progresses, including the forthcoming public notification period, which will invite community and stakeholder input on the proposed TSF.
Looking Ahead
While the application’s advancement is a positive development, the timeline for final approval remains uncertain. The detailed assessment and public consultation phases will be critical in shaping the project’s trajectory and ensuring that environmental and community concerns are addressed comprehensively.
Bottom Line?
29Metals’ progress on tailings storage approval signals momentum but the path to operational restart still hinges on regulatory and environmental milestones.
Questions in the middle?
- What is the expected timeline for DETSI’s detailed assessment and final approval?
- How will community feedback during the public notification period influence the project?
- What specific measures is 29Metals implementing to accelerate water level reductions?
