Cerrado Gold Elects to Revise Timing for Completion of the Mont Sorcier Feasibility Study to Undertake Optimization Initiatives
Cerrado Gold has extended the completion date of the Bankable Feasibility Study for its Mont Sorcier iron project to incorporate optimization studies aimed at reducing capital and operating costs. The company will conduct a modest drill program in late Q3 2026 to upgrade inferred resources, which it expects will lower strip ratios, while the ESIA submission is now targeted for Q2 2027.
Key figures
- Permit target date
- year-end 2028
- Drill program timing
- late Q3
- Esia submission date
- Q2/27
- Iron premium 67 vs 65
- $20/t
- Lagoa salgada interest
- 80%
- Construction start date
- end of Q1/2029
- Property concession size
- 7,209-hectare
AI analysis
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