Business
Lara Exploration Announces Filing of the Preliminary Economic Assessment for its Planalto Copper-Gold Project in Brazil
Vancouver, British Columbia--(Newsfile Corp. - November 17, 2025) - Lara Exploration Ltd. (TSXV: ...
About this update from Lara Exploration Ltd.
[{"type":"text","content":"Lara Exploration Announces Filing of the Preliminary Economic Assessment for its Planalto Copper-Gold Project in BrazilVancouver, British Columbia--(Newsfile Corp. - November 17, 2025) - Lara Exploration Ltd. (TSXV: LRA) (\"Lara\" or the \"Company\") is pleased to report that it has filed an independent technical report (the \"Technical Report\"), prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (\"NI 43-101\"), supporting the Preliminary Economic Assessment (\"PEA\" or the \"Study\") of its 100% owned Planalto Copper-Gold Project (\"Planalto\" or the \"Project\"), located in the Carajás mining district, Pará State, Brazil. The Technical Report, titled: \"NI 43.101 Preliminary Economic Assessment for the Planalto Copper - Gold Project, Brazil\", dated November 14, 2025, with an effective date of October 15, 2025, can be found under the Company's issuer profile on SEDAR+ (www.sedarplus.ca), with a copy also available on the Company's website (www.laraexploration.com). The Technical Report was authored by SRK Consulting (UK) Limited and SRK Consultores do Brasil Ltda., (together \"SRK\"). There are no material differences in the Technical Report from those results disclosed in the Company's news release dated October 21, 2025 or those disclosed below.Planalto PEA highlights include[1]:Estimated production of 560 kt([2]) (1.2 billion lb(2)) of copper and 111 koz(2) gold over an 18-year life of mine (\"LoM\"). During the first 6 years, the PEA production schedule produces on average 36 kt (79 million lb(2)) of copper and 7.2 koz of gold per year. Open pit mining of shallow dipping copper-gold mineralisation with a LoM strip ratio of 2:1 (1.36:1 Years 1-6).Industry standard crush - grind - flotation processing plant operating at an annual rate of 8 Mt(2) of run of mine (\"RoM\") feed, recovering 91% copper and 51% gold.Producing a clean chalcopyrite concentrate grading 28% copper to be smelted internationally.Site access by a 4 km(2) road from the state highway with high tension powerlines alongside.Project located on private farmland between two major Carajás mining towns and within excellent infrastructure. Preliminary Economic Analysis:After-tax net present value (\"NPV\") of US$378 million, using an 8% discount rate.After-tax internal rate of return (\"IRR\") of ...