From the Prospectus...29 Mar 2023 14:22
With thanks to HH...
"The Company is also focused on advancing the Cascabel Project in a cost effective and value maximising
manner. The Cascabel Project team is rigorously reviewing all opportunities to de-risk the project, reduce
costs and further improve project economics. In light of the evolving capital cost environment, numerous
value enhancing aspects currently being studied and the potential positive impact of these aspects on both
capital and operating costs, it is expected that the Cascabel DFS and the Porvenir PEA will be delayed. The
Company is proceeding with the Cascabel DFS as the next stage.
The Company is also taking initiatives to restructure the organisation, including a reduction in the workforce
across all areas of the Company to ensure more appropriate levels of personnel are in place, whilst it also
begins a process to hire a permanent Chief Financial Officer. The Company is taking steps to reduce the
number of time zones of its operations and is focusing resources in-country to best advance Cascabel and
surrounding high-priority targets."