LeadFX Announces Ministerial Approval for the Paroo Station Lead Mine Hydrometallurgical Facility and Mine Extension Proposal


PERTH, Australia, Sept. 25, 2018 /CNW/ - LeadFX Inc. (the "Company" or "LeadFX") (Toronto Stock Exchange: LFX) announces that the Western Australian Minister for the Environment; Disability Services the Hon. Stephen Dawson MLC has issued Ministerial Statement No.1083 to Rosslyn Hill Mining Pty Ltd ("RHM"), LeadFX's 100% owned subsidiary, approving the implementation of the Hydrometallurgical Facility and mine extension ("Proposal") at the Paroo Station Lead Mine, 30km west of Wiluna in Western Australia.

LeadFX Inc. (CNW Group/LeadFX Inc.)

A copy of Ministerial Statement No. 1083 will be made available on the Company's website. It replaces all previous statements but retains the conditions in Ministerial Statements 905 and 1042 issued in 2012 and 2016 respectively.

The Proposal involves the construction of a new hydrometallurgical facility and associated infrastructure adjacent to the existing flotation concentrator that is expected to produce approximately 70,000 tpa of lead ingot and increasing the mine disturbance area by 400 ha to accommodate a 15 year mine life for the operation. Lead ingot is expected to be trucked from site to port as an item of general freight.

Ministerial approval is the definitive environmental approval required for the Proposal under Part IV of the Environmental Protection Act 1986 and has been received in the timeframe previously indicated by the Company in its news release of April 4, 2018.

Forward looking statements

This news release may contain "forward-looking statements" within the meaning of applicable Canadian securities laws. Examples of forward-looking information in this news release includes but is not limited to statements and information concerning the expected production of lead ingot and the expected transportation of lead ingot. Forward-looking statements are often, but not always, identified by the use of words such as ''seek'', ''anticipate'', ''contemplate'', ''target'', ''believe'', ''plan'', ''estimate'', ''expect'', and ''intend'' and statements that an event or result ''may'', ''will'', ''can'', ''should'', ''could'' or ''might'' occur or be achieved and other similar expressions. Forward-looking information by its nature requires assumptions and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information, and readers are cautioned not to place undue reliance on such information. These statements are based on expectations, estimates and projections as at the date of this news release and are subject to a number of risks and uncertainties. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results, performance or achievement may vary materially from those expressed or implied by the forward-looking information contained in this news release. These risk factors should be carefully considered and readers are cautioned not to place undue reliance on forward-looking information, which is current only as of the date of this news release. All subsequent forward-looking information attributable to LeadFX herein is expressly qualified in its entirety by the cautionary statements contained in or referred to herein. LeadFX does not undertake any obligation to release publicly any revisions to this forward-looking information to reflect events or circumstances that occur after the date of this news release or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.