Proto Resources Receives Mining Lease in Tasmania

3 July 2011 (Last Updated July 3rd, 2011 18:30)

Proto Resources & Investments has received a mining lease from the Tasmanian Government for the firm's Barnes Hill project near Beaconsfield, Tasmania, for an initial period of 15 years. The mining lease will give Proto Resources the right to mine and sell the minerals located on the 18

Proto Resources & Investments has received a mining lease from the Tasmanian Government for the firm's Barnes Hill project near Beaconsfield, Tasmania, for an initial period of 15 years.

The mining lease will give Proto Resources the right to mine and sell the minerals located on the 1872P/M lease.

The lease covers the area of the Barnes Hill project where Proto has designed a mining operation and processing facility that will enable the production of nickel, cobalt, iron and magnesium.

The firm will lodge a development proposal and environmental management plan, in order to apply for permission to undertake construction and subsequent mining at Barnes Hill.