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Greenwing Resources Ltd ( (AU:GW1) ) has issued an update.
Greenwing Resources has secured approval from Mineral Resources Tasmania for an updated Decommissioning and Rehabilitation Plan at its Que River Project, marking a key regulatory step toward renewing the mining lease and restarting open pit operations via third-party processing infrastructure. The approved plan includes an estimated A$1.7 million rehabilitation cost and allows the company to continue site planning and progress a Pre-Feasibility Study for its proposed Stage 1 mining development.
The company has also completed a round of meetings with Tasmanian government, regulatory and infrastructure bodies to outline its two-stage strategy of recommencing mining followed by potential development of data infrastructure on site. Constructive stakeholder engagement, combined with Tasmania’s advantages for data centres and AI infrastructure, is helping move Que River from conceptual planning to practical development steps, with ongoing assessment of data opportunities and potential strategic partners.
More about Greenwing Resources Ltd
Greenwing Resources Ltd is an ASX-listed resources company focused on advancing its 100%-owned Que River Project in Tasmania. The project centres on redeveloping a legacy mining site through near-term open pit mining using third-party processing facilities, while also evaluating the site’s potential to host data infrastructure leveraging Tasmania’s hydro power, cool climate and existing infrastructure.
Average Trading Volume: 1,091,231
Technical Sentiment Signal: Buy
Current Market Cap: A$34.6M
Learn more about GW1 stock on TipRanks’ Stock Analysis page.