Lavras hires firms to work on Brazil project studies

Executive Summary

• Lavras Gold Corp. has engaged a team of technical consultants to support the application for a preliminary licence (LP) for its Butia-Fazenda do Posto (FdP) project in Brazil.
• The engagement marks a significant step in advancing the project to the Preliminary Economic Assessment (PEA) stage.
• The selected firms will lead critical workstreams including process plant design, infrastructure engineering, mine planning, and resource model assessments.

Key Details

• Contractor 1: Ausenco do Brasil Engenharia Ltda. has been selected to lead the process plant design and infrastructure engineering workstreams.
• Contractor 2: GE21 Consultoria Mineral has been appointed to initiate mine planning, mine closure planning, and resource model assessments.
• Project Context: The work supports the application for a preliminary licence (LP) for the Butia-Fazenda do Posto (FdP) project, part of the larger Lavras do Sul (LDS) project in Rio Grande do Sul, Brazil.
• Strategic Goal: The engagement is intended to advance the Butia-FdP project to the PEA stage.
• Operational Status: The company notes that recent drill results continue to validate the project's potential, with ongoing drill programs expected to provide further updates.

Notable Quotes

• "We are very pleased to partner with these top-tier firms as we advance Butia-Fazenda do Posto project to the PEA stage," said Hemdat Sawh, interim chief executive officer and chief financial officer. "Our recent drill results continue to validate the project's potential, and we look forward to providing further updates on the ongoing drill program as they occur."