4th July 2011
Acceptance of the Mt Carlton Environmental Management Plan
Conquest Mining Limited (ASX CODE: CQT) is pleased to advise has that it has achieved another significant milestone towards the development of the Mt Carton Mine with the receipt of a letter from The Department of Environment and Resource Management (DERM), accepting the proposed Environmental Plan and noting that it meets the requirements of section 203 of the Environmental Protection Act (1994). This follows a number of months working with DERM and incorporating stakeholder inputs.
Conquest and DERM are progressing with the drafting of an Environmental Authority for the project. Successful completion of this authority and compensatory agreements with Landholders, will then facilitate granting of the Mining Lease.
Commenting on the approval, Conquest Executive Chairman Jake Klein said:
�This is an outstanding achievement by our Mt Carlton team and we particularly appreciate the constructive and collaborative engagement with DERM finalizing this important permitting milestone.�
For more information:
Jake Klein T rudi Newman Executive Chairman Investor Relations Manager Conquest Mining Limited Conquest Mining Limited (02) 8383 2100 (02) 8383 2100
About Conquest
Conquest is an Australian based and listed mining company with a focus on activities in north Queensland. The company has a 100% interest in the Mt Carlton gold-silver-copper project, near
Townsville. Development of this project received Board approval in December 2010. Subject to financing and permitting, first production of high-grade precious metals concentrates is expected to begin mid -2012.
The recently acquired Pajingo Gold Mine (100%-owned) is located in a high-grade epithermal district that has produced more than 3 million ounces of gold. Pajingo has recently been producing 50,000 to 55,000 ounces of gold per year and Conquest is reviewing strategies to increase Pajingo�s gold production to at least 70,000 ounces per year.
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