LeadFX announces EPA level of assessment public comment period closes

PERTH, Australia, Feb. 12, 2018 /CNW/ - LeadFX Inc. (the "Company" or "LeadFX") (TSX: LFX) is pleased to announce the seven-day public comment period on the level of assessment for the proposed Paroo Station Lead Mine 70,0000tpa lead ingot Hydrometallurgical Facility has closed.

The Hydrometallurgical Facility would be built adjacent to the existing concentrator plant at Paroo Station.

The seven-day public comment period is an important part of the Western Australian Environmental Protection Authority's (EPA) environmental 'level of assessment' phase under Part IV of the Environmental Protection Act 1984.

The EPA is expected to set the level of assessment, which guides the Hydrometallurgical Facility approval timeline, during March 2018.

In January 2018 the Hydrometallurgical Facility environmental referral document (Referral) was filed with the EPA and made available to the public on February 5, 2018.

The Referral describes the key environmental factors relevant to the construction and operation of the proposed Hydrometallurgical Facility including the expansion to the mining footprint.

In preparing the Referral management undertook comprehensive stakeholder engagement - meeting directly with all 20 local government representatives impacted by activities already approved under existing environmental conditions for operations at Paroo Station, various state regulators including the EPA, Department of Water and Environmental Regulation, Department of Mines Industry Regulation and Safety and community groups.

The EPA assessment process is the Western Australian State governments primary approval for the Hydrometallurgical Facility. In parallel, secondary licensing approvals with various key decision-making authorities of the State government are also being progressed.

Final definitive feasibility study reports for the Hydrometallurgical Facility are being collated with the results expected to be published in the coming weeks.

About LeadFX Inc.

LeadFX is a Toronto Stock Exchange listed, Australian based, mining company focused on the development of lead and lead-silver projects located in Australia and North America. The Company's primary undertaking is the Paroo Station Lead Mine, located 30km west of the town of Wiluna in Western Australia.

The Paroo Station Lead Mine has been on care and maintenance since January 2015. A dedicated staff of plant operators and technicians have undertaken consistent structural and integrity checks of plant and equipment, run mills at regular intervals and maintained the flotation tanks ensuring the plant can be re-started and brought back to pre-closure production levels within months. The Company is currently completing a definitive feasibility study assessing the technical and financial merits of building a hydrometallurgical plant on site to produce approximately 70,000tpa of lead metal.

The Company also owns an 83.5% interest in the Burgin mines and surrounding land claims in the Tintic mining district 60 miles south-east of Salt Lake City, Utah.

Forward looking statements

This news release may contain "forward-looking statements" within the meaning of applicable Canadian securities laws. An example of forward-looking information in this news release includes but is not limited to statements and information concerning timing that the Paroo Station plant can be re-started and brought back to pre-closure production levels. Forward-looking statements are often, but not always, identified by the use of words such as ''seek'', ''anticipate'', ''contemplate'', ''target'', ''believe'', ''plan'', ''estimate'', ''expect'', and ''intend'' and statements that an event or result ''may'', ''will'', ''can'', ''should'', ''could'' or ''might'' occur or be achieved and other similar expressions. Forward-looking information by its nature requires assumptions and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information, and readers are cautioned not to place undue reliance on such information. These statements are based on expectations, estimates and projections as at the date of this news release and are subject to a number of risks and uncertainties. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results, performance or achievement may vary materially from those expressed or implied by the forward-looking information contained in this news release. These risk factors should be carefully considered and readers are cautioned not to place undue reliance on forward-looking information, which is current only as of the date of this news release. All subsequent forward-looking information attributable to LeadFX herein is expressly qualified in its entirety by the cautionary statements contained in or referred to herein. LeadFX does not undertake any obligation to release publicly any revisions to this forward-looking information to reflect events or circumstances that occur after the date of this news release or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.

SOURCE LeadFX Inc.