Provisional Environmental Permit

RNS Number : 4160F

Tri-Star Resources PLC

20 February 2015

 



Tri-Star Resources plc ("Tri-Star" or the "Company")

Provisional Environmental Permit

20 February 2015

Tri-Star, the integrated antimony development company, is pleased to provide a further update on the Oman Antimony Roaster ("OAR") project.

Strategic & Precious Metals Processing LLC ("SPMP") a company registered in the Sultanate of Oman, in which Tri-Star owns 40%, has received the Provisional Environmental Permit (the "Permit") from the Ministry of Environment and Climate Affairs ("MECA") for the OAR project and the SPMP leased site in the Sohar Free Trade Zone.

Receipt of the Permit follows submission to MECA by SPMP of the required Environmental Permit Application ("EPA") including the Environmental Impact Assessment ("EIA").

The Permit enables SPMP to commence construction activities and proceed with the businesses activities of SPMP according to the terms and conditions of the EPA. The Permit is renewable annually during construction activities following which a Temporary Operating Permit will be applied for by SPMP before final completion of construction.

The Board of Tri-Star believes receipt of this Permit satisfies the completion condition relating to environmental permitting under the Shareholder's Agreement dated 14 April 2014 between the SPMP joint venture partners. SPMP is actively engaged in meeting all outstanding conditions.

Enquiries:

Tri-Star Resources Plc Emin Eyi, Managing Director Guy Eastaugh, Chief Financial Officer	Tel: [phone]
SP Angel Corporate Finance (Nomad and Broker) Robert Wooldridge / Katy Birkin	Tel: [phone]
Keith, Bayley Roger & Co (Joint Broker) Brinsley Holman	Tel: [phone]
Yellow Jersey PR Limited (Financial PR) Dominic Barretto / Kelsey Traynor	Tel: [phone]

This news release may contain "forward-looking information", as defined under applicable Canadian securities laws. Forward-looking information typically contains statements that relate to future, not past, events and often contains words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. There can be no assurance that the forward-looking information contained in this release will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information.

All statements, other than statements of historical fact, included in this release including, without limitation, the viability of chemical processes, the financial assumptions, bases and outputs mentioned, constitute forward- looking information. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect, including, but not limited to, assumptions in connection with the ability to deliver any of the outcomes referred to, the availability of financing and general economic and market conditions. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks associated with changes in laws, the ability to raise finance on acceptable terms for any of the projects or facilities mentioned, the volatility of commodity and raw material prices, currency exchange rates and interest rates, global economic conditions and the additional risks identified in the Company's Annual Report and Financial Statements for the year ended 31 December 2013 or other reports and filings with applicable securities regulators. Forward-looking information in this release is based on the Directors' beliefs, estimates and opinions on the date of this release and the Company does not undertake to update publicly or revise the forward-looking information contained in this release, except as required by applicable securities laws.

Any financial outlook or future-oriented financial information in this release, as defined by applicable Canadian securities laws, has been approved by the Directors as of the date of this release. Such financial outlook or future oriented financial information is provided for the purpose of providing information about the Company's current expectations and plans relating to the future. Readers are cautioned that such outlook or information should not be used for purposes other than for which it is disclosed in this release.

 

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