Cabral receives LP for full mining licence Cuiu Cuiu

The most recent news (March 10, 2026) announces that Cabral Gold has received the Licença Prévia (LP) for the full mining license at its Cuiú Cuiú gold district in Brazil. This is the most critical stage of the three-part Brazilian permitting process (LP, LI, LO). The LP defines the project's fundamental parameters and confirms environmental and social viability. Following this, the company plans to request the Installation License (LI) and Operating License (LO) immediately in March 2026. This permit covers both the Phase 1 oxide project and the future Phase 2 hard rock exploitation.

This news is Material - Positive. While the company was already in construction for Phase 1 under trial mining licenses, the granting of the LP for the full mining license significantly de-risks the project’s long-term scalability. - De-risking: It validates the environmental and social standing of the project with 100% approval from local public audiences. - Scalability: It provides a clear legal pathway to expand the Phase 1 gold-in-oxide project beyond current limits and, more importantly, paves the way for Phase 2 (hard rock), which contains the bulk of the project's 1.1 million+ ounces of gold. - Timeline: It aligns with the company's goal of commercial production in Q4 2026.

Cabral Gold is developing the Cuiú Cuiú gold district in Pará State, Brazil. - Flagship Project: Cuiú Cuiú, located near G Mining’s Tocantinzinho mine. - Phase 1: A low-capex (US$37.7M) gold-in-oxide heap leach starter project targeting ~113,000 oz over 6.2 years. - Phase 2: Future expansion into the underlying hard rock (fresh basement) material. - Resources: Total Indicated resources of ~666k oz and Inferred resources of ~525k oz across oxide and primary materials.