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South Star Battery Metals Announces Land Purchase, Construction Update, and the Approval of the Definitive Mining Licenses For Phases 1, 2 & 3 for its Santa Cruz Graphite Mine in Brazil
Santa Cruz Graphite Mine Highlights: Final payment of land purchase for Phase 1 Plant and O...
About this update from South Star Battery Metals Corp
[{"type":"text","content":"South Star Battery Metals Announces Land Purchase, Construction Update, and the Approval of the Definitive Mining Licenses For Phases 1, 2 & 3 for its Santa Cruz Graphite Mine in BrazilSanta Cruz Graphite Mine Highlights:Final payment of land purchase for Phase 1 Plant and Operations.Approval of the Definitive Mining Licenses For Phases 1, 2 & 3. All mining and environmental licenses/permits are approved and in-hand for the future phased, modular expansion of Santa Cruz graphite production up to 50,000 tonnes/year.Phase 1 construction is on schedule for substantial completion by the end of June 2024 followed by a 6-week plant commissioning and ramp-up period. Commercial sales are planned to start in September 2024. Name plate production capacity is expected to be reached in Q4 2024. VANCOUVER, BC / ACCESSWIRE / June 19, 2024 / South Star Battery Metals Corp. (\"South Star\" or the \"Company\") (TSXV:STS)(OTCQB:STSBF) is pleased to announce the final payment of the previously announced (Aug. 02, 2022) land purchase required for construction of the Phase 1 mine and plant facilities. The farm totals approximately 325 hectares and is where all the plant facilities, mine and infrastructure installations are required for the first three years of operations at its Santa Cruz Graphite Project in Bahia, Brazil.Santa Cruz Graphite Definitive Mining License For Phases 1, 2 and 3 and Mine Construction UpdateThe definitive mining license for 5 areas totaling 4,431 hectares for South Star's flagship Santa Cruz Graphite Mine (\"Santa Cruz\") in northeastern Brazil's Bahia state has been approved by the Brazilian Ministry of Mines and Energy (\"MME\"). These licenses are for life-of-mine and include all the main areas required for Phases 1, 2 and 3 mining operations. Three additional claims are in final evaluation at MME, and the Company expects approval by Q3 2024.South Star's flagship Santa Cruz Graphite Mine (\"Santa Cruz\") in northeastern Brazil's Bahia state is scheduled to complete construction of the Phase 1 plant in June of 2024, followed by an estimated six weeks of commissioning and production ramp-up. The current Phase 1 plant can produce approximately 1,000 tonnes per month, once steady-state operations are reached.Richard Pearce, CEO of South Star, remarked, \"The Company now owns the land where our Phase 1 installations and o...