VANCOUVER, July 10, 2019 /CNW/ - Northcliff Resources Ltd.
("Northcliff" or the "Company") (TSX: NCF), on behalf of Sisson
Mines Ltd., the general partner of the Sisson Project Limited
Partnership (the "Sisson Partnership") is pleased to announce that
the Sisson Tungsten-Molybdenum Project (the "Sisson Project") has
received a final key federal authorization for the project.
Following extensive consultation with First Nations and the
public, led by federal agencies Environment Canada and Climate
Change and Department of Fisheries and Oceans, the Metal and
Diamond Effluent Regulation Schedule 2 amendment ("MDMER")
authorization process is now successfully completed. Through this
process, project designs regarding the placement of the tailings
facility, the tailings technology to be used and the fish habitat
compensation plan for the Sisson Project were thoroughly reviewed
and the result has been published in the Canada Gazette, Part II:
Metal and Diamond Mining Effluent Regulations — Regulations
Amending Fisheries Act SOR/2019-245 25/06/19
"Completion of the MDMER amendment represents an important
milestone toward project development," said Northcliff President & CEO Chris Zahovskis.
Prior to the MDMER, the Sisson Project received Environmental
Impact Assessment ("EIA") approvals from the provincial and federal
governments in 2015 and 2017 respectively. A Cooperation Agreement
between Woodstock First Nation and
Sisson Partnership is in place and the Province of New Brunswick has signed an Accommodation
Agreement with the six Maliseet First Nations of the province. The
Company has also been engaged on optimizing engineering designs and
soliciting offtake interest for the mine products as well as
working through the provincial EIA conditions, some of which are
required to be complied with prior to the start of construction and
others in the operation phase. In addition, discussions to secure
project financing are progressing.
The outlook for tungsten remains robust for the mid to long term
and new, western-based tungsten projects are needed to meet
forecast demand growth. As a projected long-life, low cost producer
in an excellent geographical location with ready access to markets
in North America, Europe and Asia through existing infrastructure, the
Sisson Project is a strategic asset for the region.
About Northcliff Resources Ltd.
Northcliff is a mineral resource company focused on advancing
the Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada, to production.
Additional information on Northcliff is available on the
website at www.northcliffresources.com.
Christopher Zahovskis
President & CEO
This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, that address the in-progress
financing, permitting, exploration drilling, exploitation
activities and events or developments that the Company expects, are
forward-looking statements. Although the Company believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in the forward-looking statements.
Assumptions used by the Company to develop forward-looking
statements include the following: the Sisson Project will obtain
all required environmental and other permits for construction of
the mine, the Sisson Project will achieve targeted production
levels; the Company's study and development of the Sisson Project
will continue to be positive; contracted parties provide goods
and/or services on the agreed timeframes; equipment necessary for
construction and development is available and does not incur
unforeseen breakdowns; no material labour slowdowns or strikes are
incurred; plant and equipment functions as specified; geological or
financial parameters do not necessitate future mine plan changes;
and no geological or technical problems occur. Factors that
could cause actual results to differ materially from those in
forward-looking statements include uncertainty of shareholder
support, the need for judicial and regulatory approvals,
fluctuations in market prices, exploitation and exploration
successes, continuity of mineralization, potential environmental
issues and liabilities associated with exploration, development and
mining activities, uncertainties related to the ability to obtain
necessary environmental, land use and other permits, approvals,
licenses and title on a timely basis and delays due to third party
opposition, and development of properties located within First
Nations treaty and asserted territories may affect or be perceived
to affect treaty and asserted aboriginal rights and title, which
may cause permitting delays or opposition by First Nations
communities, changes in government policies regarding mining and
natural resource exploration and exploitation, continued
availability of capital and financing, and general economic, market
or business conditions. Investors are cautioned that any such
statements are not guarantees of future performance and actual
results or developments may differ materially from those projected
in the forward-looking statements. For more information on the
Company, investors should review the Company's continuous
disclosure filings that are available at www.sedar.com.
SOURCE Northcliff Resources Ltd.