On September 13, 2024, Hiru Corporation (OTC Pink: HIRU) announced its commitment to environmental sustainability and community engagement as it embarks on the development of the Balfour Project in Western Tasmania. This initiative follows an agreement with Zebs Minerals Pty Limited and D & B Mining Pty Limited, granting exclusive mining concession rights to Hiru Corporation in the region.
Under the terms of the agreement, Hiru Corporation will adhere to Tasmania’s environmental laws throughout the project’s lifecycle. The company will also engage with local communities to ensure their interests are considered and prioritize the rehabilitation of the mining area post-operation.
CEO of Hiru Corporation expressed the project as an opportunity to showcase the company’s dedication to environmental responsibility and social impact, aiming to balance economic growth with sustainability and community well-being. The estimated value of in-situ copper at the Balfour Project is significant, between A$191.5 million and A$446.7 million, indicating potential returns that will benefit the local economy while maintaining the environmental integrity of the region.
Hiru Corporation, based in Toronto, Canada, focuses on copper and other essential metals, with the Balfour Project being the flagship operation. The company is committed to ethical mining practices and is exploring opportunities in resource-rich regions worldwide.
It is important to note that certain statements made may constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. The company advises caution in depending solely on these statements, as they involve risks, uncertainties, and assumptions that may result in actual results differing from those expressed.
For further information on this press release, kindly refer to the original source version available at https://www.newsfilecorp.com/release/223202.
