Lara Exploration Ltd.: Operational Restart at The Celesta Copper Project in Brazil
Lara Exploration (TSXV: LRA) announces the resumption of mining and processing operations at the Celesta Copper Project in Carajás, Brazil. Tessarema Resources completed 3,545m of resource definition drilling at the Osmar and Galpão targets while working to reinstate permits and restart the processing plant. Operations resumed in October, processing ore from stockpiles and the Osmar pit, with a gradual ramp-up planned. Lara holds a 5% net profits interest through preferred shares without restart cost obligations, plus a 2% NSR royalty on production.
Lara Exploration (TSXV: LRA) annuncia la ripresa delle operazioni minerarie e di lavorazione presso il Celesta Copper Project a Carajás, Brasile. Tessarema Resources ha completato 3.545 m di perforazione per la definizione delle risorse presso i target Osmar e Galpão, mentre lavorava per riottenere i permessi e riavviare l'impianto di lavorazione. Le operazioni sono riprese a ottobre, con la lavorazione del minerale dalle scorte e dalla fossa di Osmar, con un graduale aumento della produzione pianificato. Lara detiene un interesse netto del 5% sui profitti tramite azioni privilegiate senza obblighi di costi di riavvio, oltre a una royalties NSR dell'2% sulla produzione.
Lara Exploration (TSXV: LRA) anuncia la reanudación de las operaciones de minería y procesamiento en el Celesta Copper Project en Carajás, Brasil. Tessarema Resources completó 3,545 m de perforación para la definición de recursos en los objetivos Osmar y Galpão, mientras trabajaba para restablecer los permisos y reiniciar la planta de procesamiento. Las operaciones se reanudaron en octubre, procesando mineral de los acopios y del pozo Osmar, con un aumento gradual planificado. Lara tiene un interés neto del 5% en las ganancias a través de acciones preferenciales sin obligaciones de costos de reinicio, además de una regalía NSR del 2% sobre la producción.
라라 탐사 (TSXV: LRA)는 브라질 카라자스에 있는 셀레스타 구리 프로젝트에서 광산 및 가공 작업 재개를 발표합니다. 테사레마 리소스는 오스마르 및 갈팡오 목표 지점에서 3,545m의 자원 정의 시추 작업을 완료했으며, 허가를 재확인하고 처리 공장을 재가동하기 위해 노력하고 있습니다. 작업은 10월에 재개되었으며, 재고 및 오스마르 갱에서 광석을 처리하고 점진적인 생산 증가가 계획되어 있습니다. 라라는 선호주를 통해 재시작 비용 의무 없이 5%의 순이익 지분을 보유하고 있으며, 생산에 대한 2% NSR 로열티도 보유하고 있습니다.
Lara Exploration (TSXV: LRA) annonce la reprise des opérations minières et de traitement au Celesta Copper Project à Carajás, au Brésil. Tessarema Resources a complété 3 545 m de forage de définition des ressources sur les cibles Osmar et Galpão, tout en travaillant à rétablir les permis et à redémarrer l'usine de traitement. Les opérations ont repris en octobre, traitant du minerai des stocks et du puits d'Osmar, avec une hausse progressive prévue. Lara détient un intérêt net de 5 % sur les bénéfices par le biais d'actions privilégiées sans obligations de coûts de redémarrage, ainsi qu'une redevance NSR de 2 % sur la production.
Lara Exploration (TSXV: LRA) gibt die Wiederaufnahme der Bergbau- und Verarbeitungsoperationen im Celesta Copper Project in Carajás, Brasilien, bekannt. Tessarema Resources hat 3.545 m an Bohrungen zur Ressourcenbestimmung an den Zielen Osmar und Galpão abgeschlossen und arbeitet daran, Genehmigungen wieder zu erhalten und die Verarbeitungsanlage neu zu starten. Die Operationen wurden im Oktober wieder aufgenommen, wobei Erze aus Lagerbeständen und dem Osmar-Gebiet verarbeitet werden, mit einem geplanten schrittweisen Anstieg. Lara hält ein Netto-Gewinnbeteiligungsinteresse von 5% durch Vorzugsaktien ohne Verpflichtungen zur Kostenwiederaufnahme sowie eine 2% NSR-Royalty auf die Produktion.
- Resumption of mining and processing operations
- Completion of 3,545m resource definition drilling
- No obligation to contribute to restart costs while maintaining royalty rights
- Gradual ramp-up indicates delayed return to full production capacity
Vancouver, British Columbia--(Newsfile Corp. - November 12, 2024) - Lara Exploration Ltd. (TSXV: LRA) ("Lara") is pleased to report that mining and processing has resumed at the Celesta Copper Project in the Carajás of Brazil. Tessarema Resources has advised that an additional 3,545m of resource definition drilling was completed on the Osmar and Galpão targets while work was carried out to reinstate permits and bring the processing plant out of care and maintenance. Tessarema resumed mining and processing ore from stockpiles and the Osmar pit in October, with a gradual ramp-up expected in the coming months.
Lara owns a
About Lara Exploration
Lara is an exploration company following the Prospect and Royalty Generator business model, which aims to minimize shareholder dilution and financial risk by generating prospects and exploring them in joint ventures funded by partners, retaining a minority interest and or a royalty. The Company currently holds a diverse portfolio of prospects, deposits and royalties in Brazil, Peru and Chile. Lara's common shares trade on the TSX Venture Exchange under the symbol "LRA".
For further information on Lara Exploration Ltd. please consult our website www.laraexploration.com, or contact Chris MacIntyre, VP Corporate Development, at +1 416 703 0010.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
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FAQ
When did Celesta Copper Project resume operations in 2024?
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How much resource definition drilling was completed at Celesta Copper Project?
