Centaurus Metals has secured an environmental licence for its Salobo West copper-gold project in the Carajás Mineral Province in the north of Brazil.
Following the permit, Centaurus is set to expedite its exploration programme at the asset.
The company can now undertake exploration activities such as mapping, stream sediment sampling, soil sampling and ground-based geophysics in the Tapirape-aquiri national forest where the project is located.
Centaurus Metals managing director Darren Gordon said: “This gives us the ability to begin ground-based exploration in the next four weeks, opening up a critical window which will allow us to make substantial progress on this exciting new project before the start of the wet season at the end of this year.
“The Carajás Mineral Province hosts the world’s biggest concentration of IOCG deposits, and we believe we have an outstanding exploration opportunity right on the doorstep of one of the world’s biggest copper-gold deposits.”
The project comprises two tenements, SW1 and SW2, and covers 120km² in the Carajás mineral province (CMP), which hosts iron oxide-copper-gold deposits.
Positioned in the Cinzento Shear Zone, the mine is located 12km along from Vale’s Salobo copper-gold mine.
Centaurus is planning to begin ground-based field activities at the Salobo West SW1 tenement by the end of next month.
Concurrently, a detailed airborne geophysical survey will also be taken up at the project.