RE: Rns1 Dec 2025 08:48
Next Steps
The Company and its joint venture partners will now focus on completing the final items required for the mine installation licence, including the supplementary archaeological survey and detailed engineering for the water-reticulation and sewage-treatment systems. These works are expected to conclude in approximately two months, after which the application will move into the formal federal and state environmental approval processes, currently expected to take a further two months.
Subject to the licence being granted, refurbishment and commissioning of the Azteca Plant will begin immediately, with first production and shipment targeted within three months of licence issuance. Once operational, free cashflow from Azteca is expected to fund working capital, ongoing operations, and the initial stages of the DFS and early works for the broader 5.5 Mtpa DR-grade development at Amapá.