FREDERICTON, NB, Dec. 3, 2020 /CNW/ - Northcliff Resources Ltd.
("Northcliff" or the "Company") (TSX: NCF), on behalf of Sisson
Mines Ltd., is pleased to announce that the Minister of the
Department of Environment and Climate Change ("DECC") has approved
a two-year extension of the construction commencement timeline for
the Sisson Mine Project to December 3,
2022.
"On behalf of Northcliff, we wish to thank the DECC for their
co-operative approach towards the development of the Sisson
Tungsten-Molybdenum Mine Project ("Sisson Mine") during these
unprecedented and challenging times due to the COVID-19 pandemic"
said Andrew Ing, Northcliff Interim
CEO. "The proposed Sisson Mine is a significant asset for the
critical mineral1 tungsten – an essential ingredient to
modern economies and emerging technologies that has few substitutes
and could face high supply risks."
Earlier this fall, the review of Sisson Fisheries Act
Authorization application and Off-setting/Fish Habitat Compensation
Plan was completed and approved. Pursuant to paragraph 35(2)(b) of
the Fisheries Act the Minister of Fisheries and Oceans
Canada has authorized the proposed work that will result in impacts
to fish and fish habitat arising from the construction and
operation of an open pit and tailing storage facility that will
result in impacts to fish and fish habitat.
The Sisson Mine Project received Environmental Impact Assessment
("EIA") approvals from the provincial and federal governments in
2015 and 2017, respectively, and successfully completed the Metal
and Diamond Mining Effluent Regulation Schedule 2 amendment
("MDMER") authorization process in July 2019. 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.
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.
The results of the Feasibility Study completed in January 2013 confirm that the Sisson Project is
technically and economically feasible and can move on to the next
stage of development.
On behalf of the Board of Directors
Andrew Ing
Interim 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.
1 Source: Critical Minerals in Canada
https://www.nrcan.gc.ca/sites/www.nrcan.gc.ca/files/Critical%20Minerals_EN_2020_accessible.pdf
SOURCE Northcliff Resources Ltd.