Business
Environmental Authorisation Granted to PMV
Environmental Authorisation Granted to PMV.
About this update from Atalaya Mining Copper Sa
[{"type":"text","content":"\n \n \n \n \n \n \n Atalaya Mining Plc\n \n \n \n 1 Lampousas Street\n \n \n 1095 Nicosia, Cyprus\n \n \n Tel: +357 22442705\n \n \n Fax: +357 22442708\n \n \n www.atalayamining.com\n \n \n \n \n \n \n \n \n 28 March 2023\n \n \n \n \n Atalaya Mining Plc.\n \n \n \n (\"Atalaya\" or \"the Company\")\n \n \n \n Environmental Authorisation Granted to Proyecto Masa Valverde\n \n \n \n \n Deposit has potential to deliver higher grade material to the Riotinto plant\n \n \n \n \n \n \n \n \n Atalaya Mining Plc (AIM: ATYM) is pleased to announce that its wholly-owned Proyecto Masa Valverde (\"PMV\") has been granted the Unified Environmental Authorisation (or in Spanish, Autorización Ambiental Unificada (\"AAU\")) by the Junta de Andalucía (\"JdA\"). The application process was initiated by the Company in December 2021.\n \n \n The AAU is an integrated process that combines the Environmental Impact Assessment and other authorisations and specifies requirements to avoid, prevent and minimise a project's impacts on the environment and the cultural heritage of the area. The Company will now file for the exploitation permit which, once granted, will allow for the development of the project to begin.\n \n \n \n Background\n \n \n \n PMV consists of several volcanogenic massive sulphide (\"VMS\") type deposits and targets and is strategically located approximately 28 kilometres south of Riotinto's 15 Mtpa processing plant. Atalaya acquired a 100% interest in PMV in October 2020 and in April 2022, announced a new independent Mineral Resource Estimate for the Masa Valverde and Majadales deposits.\n \n \n Development of PMV contemplates underground mining of the Masa Valverde and Majadales deposits, which would be accessed by constructing a ramp. Mined material would then be transported by public road to the existing Riotinto plant for processing. This development scenario is consistent with Atalaya's strategy of developing Riotinto into a central processing hub for its assets in the Riotinto District.\n \n \n \n Next Steps\n \n \n \n The Company plans to complete further metallurgical testing and infill drilling in order to upgrade the existing Mineral Resource to higher confidence levels. In addition, the three core rigs currently active at PMV will focus on step-out drilling at the Masa Valverde deposit, resource definition drill...