Voluntary Planning Agreement signed with Shire Councils of Lachlan, Forbes and Parkes Australian Stock Exchange:CLQ.AX
December 12, 2018 18:39 ET | Source:Clean TeQ Holdings Limited. Clean TeQ will also contribute approximately A$340,000 each year to fund maintenance of the road network it will use, with an additional investment to upgrade various roads and intersections. Council looks forward to Clean TeQ becoming a valued corporate citizen of our local government area.”. Forbes Shire Council Mayor Cr Phyllis Miller OAM said, "Forbes Shire Council is pleased to partner with Clean TeQ and our neighbouring councils in this unique project for Central West NSW. The VPA will provide an opportunity for Forbes Shire Council to implement unique community enhancement projects over the lifespan of the mine." Parkes Shire Mayor Cr Ken Keith OAM said, "Today marks a major milestone in the development of this nationally-significant mine, and we are delighted to sign the VPA alongside our colleagues from the Lachlan and Forbes Shires. "Not only will the project generate high-value employment for the region but will also be a supplier of ethically mined nickel and cobalt for the electric vehicle battery market, which is so important for vehicle emission reduction. "The Community Enhancement Funds will be invested in the Trundle community, with the next round allocated to the community of Tullamore and to investigate childcare needs across the Shire. An additional provision of the VPA will ensure the road network is safe and well maintained." Clean TeQ Sunrise is one of the largest cobalt deposits outside of Africa, and one of the largest and highest-grade accumulations of scandium ever discovered.