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Environmental Licence Granted for Porvenir Project
Environmental Licence Granted for Porvenir Project.
About this update from SolGold PLC
[{"type":"text","content":"\n\n12 May 2025\n \nSolGold plc\n(\"SolGold\" or the \"Company\")\nAnnounces Environmental Licence Granted for\nAdvanced Exploration Phase at Porvenir Project\n· Environmental Licence secured following completion of the Environmental Impact Study and public consultation process\n· Preliminary Economic Assessment underway, aiming to demonstrate scale and economic upside of the Cacharposa copper-gold deposit and will include results from recent c.2,600m of drilling as well as potential additional drilling, updates to market assumptions, and re-examined mining approaches\n· Given the significant potential scale of Porvenir, strategic options for the asset are under evaluation as the cornerstone asset of SolGold's ExploreCo strategy\nSolGold (LSE & TSX: SOLG) is pleased to announce that the Government of Ecuador has granted the Environmental Licence (\"Licence\") for the Porvenir Project (\"Porvenir\" or the \"Project\"), located in southern Ecuador's Zamora Chinchipe province. The concessions that comprise the Project are held by Green Rock Resources S.A., SolGold's 100%-owned Ecuadorian subsidiary.\nThe Licence, issued under Resolution MAATE-SCA-2025-0012-R by the Ministry of Environment, Water and Ecological Transition (\"MAATE\") and supported by a phase change declaration to the Advanced Exploration Phase from the Ministry of Energy and Mines, authorises SolGold to undertake a comprehensive suite of advanced-stage exploration activities. These include diamond drilling, trenching, geotechnical investigations, hydrogeological and metallurgical studies, and other related field programs to support Project development.\nThe Licence covers all four Porvenir Project concessions, totalling 5,261 hectares. This includes the Cacharposa deposit and nearby porphyry targets such as Diablo, Mula Muerta, Eudis, Barolo, Pamal, and Balmore. Project development activities will proceed under Ecuador's gran minería (large-scale mining) regime, which governs the development of projects with significant scale and long-term potential.\nThe approval comes following the successful completion of the Environmental Impact Study and a constructive public consultation process. Local stakeholders expressed support for continued exploration at Porvenir, recognising its potential to bring long-term...