- A joint review panel established to conduct an environmental assessment Generation Mining’s (GENM) Marathon Palladium Copper Project, has now delivered its report
- The report sets out recommendations for the company, and the federal and provincial governments, to mitigate or minimize any adverse effects of the project
- The report has now been delivered to the appropriate federal and provincial ministries decisions are expected to follow within 120 days
- The company sees this as a critical step towards bringing the project towards production
- The project would include three open pits, an ore processing plant, tailings and mine rock storage facilities
- Generation Mining is down 3.03 percent, trading at $0.64 at 9:32 am ET
A joint review panel established to conduct an environmental assessment of Generation Mining’s (GENM) Marathon Palladium Copper Project has now delivered its report.
The Toronto mineral explorer’s property is located in Marathon, Ontario.
The report sets out recommendations for the company, and the federal and provincial governments, to mitigate or minimize any adverse effects of the project.
The report has now been delivered to the appropriate federal and provincial ministries decisions are expected to follow within 120 days.
The project would include three open pits, an ore processing plant, tailings and mine rock storage facilities, site access roads, a transmission line, explosives facilities and water management structures, among other infrastructure.
Generation Mining owns a 100 percent interest in the Marathon Project.
The 220 square-kilometre property hosts three known PGM-copper deposits. Those deposits contain a resource of 8,668,000 equivalent palladium ounces in the measured and indicated categories and an additional 915,000 palladium equivalent ounces in the inferred category.
“We are pleased to see the JRP complete its work and deliver its Report. This is a critical step in bringing the Marathon Project into production. We will carefully review the Panel’s recommendations and look forward to working with the affected stakeholders to continue advancing the Marathon Project while we await final government decisions. We acknowledge the diligence with which the Panel and participants, in particular Biigtigong Nishnaabeg First Nation and the Indigenous communities, reviewed the environmental and socio-economic impacts of the Marathon Project throughout the JRP process. We look forward to receiving positive decisions from the federal and provincial governments in due course,” said President and Chief Executive Officer Jamie Levy.
Generation Mining is down 3.03 percent, trading at $0.64 at 9:32 am ET.
