Centaurus Metals Limited (ASX: CTM) has taken another significant step towards the development of its 100%-owned Jaguar Nickel Sulphide Project in northern Brazil, following the receipt of technical approval of its mining lease application (PAE) by the Brazilian National Mining Agency (ANM).
The technical approval of the plan of economic assessment (PAE) from the ANM is an important validation of the Jaguar Project and allows for the formal issue of the mining lease to proceed once the installation licence is issued by the environmental agency.
The technical approval of the PAE indicates that all technical requirements have been met in relation to the grant of the mining lease as well as recognition of the company’s capacity to implement the project.
Darren Gordon, managing director, commented, “The technical approval of the mining lease application (PAE) by the ANM is an important milestone for the company and for the Jaguar Nickel Sulphide Project. When combined with the approval of the environmental impact assessment and of the preliminary licence (LP) by the Pará State Environmental Committee, it is clear that the company is tracking well from a regulatory and approval perspective for the next stages of project development.”
The issue of the mining licence is now the final step needed before the mining lease is formally granted.
In addition, the Pará State Environmental Committee has approved the company’s environmental impact assessment (EIA) and preliminary licence (LP), with the formal issue and gazettal of the LP now only subject to internal environmental agency processes.
The LP is a key approval for Centaurus as it confirms that the overall project definition is environmentally and socially sound.
To find out more, please visit www.centaurus.com.au
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