If there is a clayey overburden and there is some sand and gravel resource at depth, there may be negligable affect on neighboring wetlands if they are supported by perched water directly recharged by rainfall only.
While the plans may call for up to 400 acres for total development, it is unlikely that all 400 acres will be dewatered at once. Chances are much more likely that there will be a system of cuts that may result in an acre of so of total disturbance at any given time. You'd want to get some idea on the extraction method to best evaluate the distance for influence to the water table.
Fundamentally, there will be some affect to the water table from the dewatering. The amount of this affect will depend on the transimssivity of the sand layer. I'd want to do some research on that before I got too worked up.
One thing to consider: Just because there are well users in the vicinity of the quarry, you need to find out whether the wells are using the water from the unconfined water-table aquifer. If it's like the Coastal Plain of Virginia, many of the wells go to the underlying confined aquifers, so even though there are wells in the "area of influence" these wells are not in the "area of influence" because they are in lower aquifers that are not in communication with the water table.
Hope this helps.
f-d
¡papá gordo ain’t no madre flaca!