Wellgreen Platinum Ltd. works in consultation with Federal, Provincial, Territory and local regulatory authorities, governments and with local First Nations and communities as part of the exploration, development and operating process. The Company has entered into a cooperation and benefits agreement with the Kluane First Nation in support of the exploration program and continues environmental / socio-economic studies related to the development of the Wellgreen project in Canada’s Yukon Territory. As part of the agreement, an Advisory Committee has been established with representatives from both Wellgreen Platinum and Kluane First Nation to proactively address any issues or concerns that may arise during the exploration and feasibility phases of the project. The agreement includes community support, training and employment as well as assistance with potential joint venture initiatives.
In October 2012, Wellgreen Platinum announced that the Company had entered into a contract with EBA Engineering Consultants Ltd. (“EBA”), to initiate environmental baseline studies on our Wellgreen PGM-Ni-Cu Project. The scope of baseline work to be carried out by EBA includes collection of meteorological data, surface water flows, surface water quality and analysis of recent wildlife studies.
Wellgreen Platinum is also ready to proceed with environmental effects assessment and socio-economic studies. We continue to be on schedule regarding submission of the project application to the Yukon Environmental and Socio-economic Assessment Board (YESAB) in early 2015. This submission will then be followed shortly after with a Yukon Water Board water use license application. The two reviews will then proceed in parallel with the objective of attaining a Class V Quartz Mining License and a Class A Water Use License in the latter half of 2016.
Wellgreen Platinum also maintains the Shakespeare Mining operation, which has been on care & maintenance since January 2012. During this period, we have continued environmental monitoring programs with environmental key performance indicators surpassing federal and provincial requirements. We continue to have good relations with the Sagamok Anishnawbek First Nations who have been very supportive of the efforts to re-open the mine and with whom we entered into an Impact Benefit Agreement in August 2009.