The proposed park also includes areas that are not the subject of granted Exploration Licences. The tenements which form part of the McLarty Range project include one granted Exploration Licence and an Exploration Licence Application that falls outside and to the east of the proposed area of the Class A national park.
As Pegasus announced to the ASX on December 10, 2012, this Exemption Area did not affect in any way the granted tenure or access to the Bowerbird and Copper Cliff/Main Syncline prospect areas that have been the focus of Pegasus’ exploration as part of its McLarty Range Project. Moreover, Pegasus and its McLarty Range Project partner Kimminco Pty Ltd assisted the WA Government with this Exemption Area by relinquishing an ELA (E04/2001) and two blocks of a granted exploration licence (E04/1441).
The Horizontal Falls on the remote Kimberley coast attracts thousands of visitors each year.
But the area is also rich in copper and has caught the attention of the mining industry.
Despite assurances that falls won't be mined, tour operators are nervous and were pinning some hope on natural heritage listing.
Open pit copper mine-kapunda south australia