The West Australian , 2011, 10:01 am Aquila Resources says it has secured preliminary environmental approval for its West Pilbara API joint venture iron ore project.
Aquila announced this morning the Environmental Protection Authority has recommended the Environment Minister Bill Marmion approve the mine and rail facilities for the project subject to conditions.
The first stage of the project, in which Aquila holds a 50 per cent stake, envisages a 30mtpa mining operation based on reserves south of Pannawonica and a 282km rail network connecting the mine with a proposed new port facility to be build at Anketell Point, west of Cape Lambert.
The EPA report is subject to a two-week appeal period.
Shares in Aquila closed up four cents at $5.39.
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AQA Price at posting:
$5.36 Sentiment: Hold Disclosure: Held
