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08/09 - Sayonara Cyanide

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PDF icon ASX update 08/09419.68 KB

Unity Mining has decided not to proceed with its proposal for onsite processing with cyanide at Dargues Gold Mine, “in the light of community and stakeholder feedback.”

 

Over 400 submissions were received  with over 80% against the proposal. The mine site is above the Araluen Valley where water comes down the Deua River to supply drinking water for tens of thousands of residents in Eurobodalla.

One submission revealed that there were serious flaws in the rainfall and evaporation data in the original mine submission. 

Further, Managing Director Andrew McIllwain will be stepping down as Managing Director  and CEO from 30 September 2015. Frank Terranova will assume the role of Acting Managing Director to facilitate the requisite transition to a new Managing Director. 

See attached ASX Update

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