Centaurus Metals’ (ASX:CTM) 100% owned Jaguar Nickel Sulphide Project in the State of Pará, Brazil, has been awarded the key installation licence by the Secretariat of Environment and Sustainability of the State of Pará (SEMAS).
The installation licence is valid until March 2029 and Centaurus will now start construction once a suitable funding package has been secured and a final investment decision (FID) has been made.
Centaurus says the installation licence gives the company the right to commence construction of the Jaguar Nickel Project in line with the current project design. It provides full flexibility in developing the project as it allows construction of the nickel concentration plant and all of the associated structures, such as pits, dams and waste piles to proceed.
The licence also includes approval to clear vegetation, the main water permits required to facilitate project development and the licence to manage fauna during construction. It provides the ability to commence construction of the powerline once engineering is complete, funding is in place and landowner access agreements are finalised.
In support of the negotiations with the landowners over the powerline route, the company now has a number of mining easements in place for the Project issued by the National Mining Agency (ANM).
These mining easements cover the land necessary to build, operate and maintain the powerline, the Jaguar Nickel Project site and the road that will connect the site to the main municipal road. The mining easements will facilitate and expedite negotiations with the landowners located within the easement areas.
The company says the mining lease application had previously been approved from a technical perspective by the ANM, and the formal issue was only conditional on the grant of the installation licence.
Centaurus will now lodge the installation licence with ANM so that the formal grant of the mining lease can occur. The company expects the Jaguar Mining Lease to be issued in the next few months.
Write to Adam Orlando at Mining.com.au
Images: Centaurus
