Cadence Minerals secures preliminary licence for Amapá Mine in Brazil

Cadence Minerals has secured a Licença Prévia (LP), oregon preliminary biology licence, for the Amapá Mine successful Brazil from the Secretaria de Estado bash Meio Ambiente, Amapá’s authorities biology agency.

The LP verifies that the mine’s biology suitability, tract determination and plan are acceptable for operating astatine its afloat planned capableness of 5.5 cardinal tonnes per annum (mtpa) of nonstop reduced-grade robust ore concentrate.

This support applies to open-pit mining, mineral processing, discarded stone absorption and tailings retention facilities wrong the project’s existent mining concessions.

The Amapá robust ore task is simply a afloat integrated operation, with existing mine, rail, larboard and beneficiation infrastructure successful place.

It contains a Joint Ore Reserves Committee (JORC)-compliant mineral assets of 276 cardinal tonnes (mt) astatine 38% robust and a proven and probable ore reserve of 195.8mt astatine 39.34% iron.

The LP covers the afloat excavation improvement program alternatively than conscionable an archetypal oregon impermanent operating stage, providing regulatory assurance for the semipermanent excavation layout that underpins Cadence Minerals’ phased redevelopment strategy.

It besides provides the cardinal regulatory ground for permitting the Azteca processing plant, which is owed to beryllium recommissioned arsenic the archetypal accumulation portion successful the staged restart.

During the Azteca restart, ore is expected to beryllium trucked and exported via an existing nationalist port, meaning archetypal accumulation tin statesman without waiting for obstruction infrastructure and a backstage larboard to beryllium licensed.

The LP constitutes the archetypal ceremonial measurement successful Brazil’s biology licensing model for the excavation and marks a important risk-reduction milestone for the project.

The consequent signifier is the Licença de Instalação (LI), oregon installation licence, which volition licence construction, refurbishment and installation of excavation infrastructure, including the processing works and tailings facilities.

Cadence Minerals CEO Kiran Morzaria said: “This is simply a highly important regulatory milestone for Amapá. The assistance of the preliminary licence confirms biology acceptance of the excavation astatine its afloat intended standard and marks a decisive measurement guardant successful the project's redevelopment.

“Importantly, the LP validates the implicit excavation program and provides the regulatory instauration to beforehand the Azteca processing works arsenic the archetypal measurement toward production. With this cardinal de-risking milestone achieved, our absorption present turns to securing the installation licence and progressing refurbishment activities successful enactment with our staged improvement strategy.”

Advancement to the LI depends connected gathering circumstantial method and regulatory conditions antecedently outlined by the company.