Altamira receives environmental licence for Cajueiro

Executive Summary

• Altamira Gold Corp. received an environmental installation licence (LI No 3651/2025) authorizing trial‑mining activities at its Cajueiro project in Brazil, valid through 22 Sept 2027.
• The permit allows construction of a processing plant and up to 100,000 t/yr of material (50,000 t per each of the Baldo and Matrincha mineral rights).
• Trial mining could generate near‑term cash flow and provide critical geological data to improve understanding of the gold deposit.

Key Details

• Permit issued by Para State Secretariat of Environment, Climate and Sustainability (SEMAS/PA) for permits 850.224/2009 (Baldo) and 866.464/2017 (Matrincha).
• Licence covers the northern part of the Central resource area; valid 2 years (until 22 Sept 2027).
• Processing capacity: up to 100,000 t per year, split equally between the two mineral rights (≈50,000 t each).
• Targets for trial feed: Baldo and Matrincha, located within the existing Central resource.
• Potential benefits cited:
• Near‑term cash flow generation.
• Enhanced insight into structural controls on gold mineralization.
• Ability to process and reconcile mined material, refining deposit models.
• CEO Mike Bennett’s comment: permit creates a pathway for future trial mining; decision to proceed not yet made.
• Cajueiro project location: ~75 km NW of Alta Floresta, Mato Grosso, Brazil; accessible by road with grid power and water supply.
• Resource summary (NI 43‑101):
• Cajueiro Central – Indicated: 5.66 Mt @ 1.02 g/t Au (185 k oz); Inferred: 12.66 Mt @ 1.26 g/t Au (515 k oz).
• Maria Bonita – Indicated: 24.19 Mt @ 0.46 g/t Au (357.8 k oz); Inferred: 25.64 Mt @ 0.44 g/t Au (362.4 k oz).
• Additional exploration:
• Eight untested porphyry gold targets within an 8‑km radius of Cajueiro Central.
• Ongoing third phase drilling at Maria Bonita targeting southern/downdip extensions; best hole MBA029 intersected 213 m @ 0.8 g/t Au (including 146 m @ 1.0 g/t Au).
• Qualified person: Guillermo Hughes, FAIG, MAusIMM, supervised technical information preparation per NI 43‑101.

Notable Quotes

“Receiving the environmental installation permit for the Cajueiro project is an important milestone for the company… The permit creates a pathway to such activities in the future.” – Mike Bennett, Chief Executive Officer, Altamira Gold Corp.