LCL Resources Ltd (ASX: LCL) has reported that CARDER, the Environmental Authority of the Colombian state of Risaralda, has approved LCL’s Miraflores Environmental Impact Assessment (EIA), and has subsequently issued an environmental licence for the Miraflores deposit. The Miraflores resource is a gold resource of 0.87Moz, which includes the Miraflores reserve of 0.45Moz.
The EIA approval is a significant development as the awarding of the Miraflores environmental licence is the final substantial approval requirement, allowing for progression to development of the Miraflores deposit.
LCL managing director, Jason Stirbinskis, added “This is a major milestone for Miraflores that also de-risks the greater Quinchia Gold Project of which it is a part. We can build upon the Miraflores approvals in the future and apply the same standards and rigor to submissions for the Quinchia Gold Project development.
Additionally, the issued licence does not impose additional conditions above those submitted in the LCL Resources design and plan, which is a testament to the company’s consultative approach and ESG focus.
“We see the awarding of the environmental licence as further evidence of an improving working relationship between the mining industry and government and look forward to continued government support for new mine development in Colombia. Currently, the company remains focused on its PNG portfolio of compelling early stage nickel, gold, and copper/gold targets.” Said Mr. Stirbinskis.
To find out more, please visit www.lclresources.au
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