The United States Department of the Interior, Office of Surface Mining in Knoxville, Tennessee has issued Novadx Ventures Corp. (TSXV:NDX) a Notice of Technical Adequacy in respect to the Company’s application to revise its permit to construct and operate a coal washing facility at its Rex No. 1 Mine located in Campbell County, Tennessee.
As quoted in the press release:
Notice of Technical Adequacy is official regulatory notification that the Company’s application to construct and operate a wash plant at the Rex No. 1 Mine site has met all regulatory technical requirements. The Company expects to shortly receive notice from OSM confirming the requisite reclamation bond amount the Company will be required to post and management expects that the final permit revision will be issued by the OSM shortly after the Company has posted this reclamation bond.
The wash plant design specifications provides for processing of up to 250 ton/hour of run of mine coal. The design plan is complete and currently out for commercial bid and the Company expects the wash plant to be operational in the 3rd calendar quarter of 2012.
Novadx President and CEO, Neil MacDonald, said:
“We have reached a major milestone in the process of permitting the planned wash plant at the Rex No. 1 Mine. The Rex No. 1 Mine positions Novadx for significant revenue growth in the near term and the Notice of Technical Adequacy brings us another step closer to this objective.”