Titanium Sands Initiates Environmental Evaluation for Sri Lankan Project

March 23, 2025 05:00 PM PDT | By Team Kalkine Media

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Titanium Sands Initiates Environmental Evaluation for Sri Lankan Project — Image source: Shutterstock

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Highlights:

Titanium Sands secures Terms of Reference for Environmental Impact Assessment from Sri Lanka's Central Environment Authority.

The final EIA submission is planned for mid-2025, with an Industrial Mining Licence anticipated afterward.

The project aims to create economic benefits and support Sri Lanka’s industrial sector.

Titanium Sands Limited (ASX:TSL) is advancing its Mannar heavy mineral sands project with the recent acquisition of Terms of Reference (ToR) for its Environmental Impact Assessment (EIA). The approval, granted by Sri Lanka’s Central Environment Authority, sets the framework for the next stages in obtaining an Industrial Mining Licence (IML) from the Geological Survey and Mines Bureau (GSMB).

Regulatory Progress and Stakeholder Engagement
The ToR was granted following extensive consultations involving 35 regulatory bodies and government departments. Key milestones included a scoping presentation on August 22, 2024, and a site visit on February 19, 2025, ensuring alignment with national environmental and economic priorities.

Titanium Sands has emphasized collaboration with local communities on Mannar Island, focusing on employment opportunities and sustainable economic contributions. The project aligns with Sri Lanka’s broader economic strategy under the new administration, which prioritizes production-based sectors such as manufacturing and agriculture.

Economic and Industrial Impact
The acquisition of ToR marks a key step toward establishing a mineral sands operation in Sri Lanka. The initiative is expected to generate employment and provide economic value to the country. Managing Director Dr. James Searle has underscored the company’s approach, which prioritizes minimal environmental impact while maintaining a socially responsible framework.

Mineral sands, including ilmenite, rutile, and zircon, are widely used in industrial applications. Ilmenite is a key component in producing titanium dioxide, an essential material for paints and plastics. The inclusion of rutile and zircon further enhances the project’s relevance in the industrial sector.

Next Steps and Licensing Developments
With the ToR in place, Titanium Sands will now commence its EIA process in collaboration with environmental consultants. The final EIA submission is scheduled for mid-2025, paving the way for GSMB’s review and approval.

Community engagement remains a core aspect of the project, with ongoing discussions involving the Central Environment Authority, GSMB, and the Sri Lanka Board of Investment. Additionally, the GSMB has indicated that the retention licence issuance process will soon resume, following the resolution of an unrelated legal matter, potentially enabling further licensing approvals for Titanium Sands.

This update highlights Titanium Sands' ongoing developments within the ASX 200, Mining stocks sector. The information provided is based on regulatory progress and company statements, without constituting financial advice. Independent research is recommended for further insights into the company’s initiatives.

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