The U.S. Army Corps of Engineers provided Romarco Minerals with a schedule for completing the Environmental Impact Statement (EIS) for a Federal 404 Wetlands permit. A comment period will begin after the Draft EIS is filed December 14, 2012. A public hearing will then be held January 29, 2013, with the Draft EIS comment period ending February 28, 2013. The Final EIS will be made available to the public July 19, 2013. A Record of Decision on the permit will be made August 16, 2013.

“While the Corps’ schedule for completing the EIS and issuing its Record of Decision is longer than we have been targeting, that schedule provides clarity for our planning,” said Diane Garrett, president and CEO, Romarco Minerals. “We will continue to advance detailed design and engineering for the project, adjust equipment orders to align with the Corps’ schedule, and diligently manage our cash as we advance one of the best undeveloped gold deposits in the world.”

The Federal 404 Wetlands permit is the only federal permit Romarco requires for the Haile project. Other pending permits include, but are not limited to, the State 401 Water Quality Certification and the State Mine Operating permit. The regulating agency for these permits is the South Carolina Department of Health and Environmental Control (DHEC). DHEC has indicated it will schedule its public hearing for the state permits following the filing of the Draft EIS by the Corps.