Regis Resources has announced that the McPhillamys Gold Project located in central western New South Wales has received final approval from the Independent Planning Commission of New South Wales (IPC).
This follows a substantial process including review of the Department of Planning and Environment (DPE)’s Assessment Report, submissions from stakeholders, and a public hearing held in February 2023.
Regis Resources’ Managing Director, Jim Beyer, said, “We are very pleased with the IPC’s final determination and can now move forward with our production ambitions at the McPhillamys Project.
“The Project holds substantial potential for Blayney and its surrounding areas in Central Western New South Wales and we look forward to working with local communities, stakeholders and companies to mitigate the risks and concerns surrounding the project and establish this gold mine in a collaborative way.
“McPhillamys is one of Australia’s largest undeveloped open-pittable gold resources and underpins significant value potential for Regis.
“We anticipate a response on the Federal Section 10 application shortly and will now incorporate the approval conditions into the finalised feasibility study, complete the funding strategy for the Project and expect announcing further developments late in 2023.”
The Association of Mining and Exploration Companies (AMEC) has welcomed the announcement.
AMEC CEO, Warren Pearce, said, “The approval of Regis Resources’ McPhillamys Gold Project is exciting news for the New South Wales minerals sector.”
Mr Pearce said the new project will develop a gold resource with more than a ten-year mine life and a two million ounce reserve that underpins significant value potential for Regis.
“The McPhillamys Gold Project was first discovered decades ago, and it is only after years of geological research and investigation, as well as extensive environmental and social impact assessment, that this project has been approved,” Mr Pearce said.
“This approval is an important milestone for New South Wales and the first new mine approved in ten years.
“AMEC welcomes continued opportunities to work with Regis Resources, the New South Wales Government and the broader community to ensure New South Wales continues to support and promote opportunities for minerals resources.
