Natividade/TO Gold Mining Rights

active

The Ouro de Natividade project is located in the southern portion of the state of Tocantins, 220 km from Palmas and 620 km from Brasília and corresponds to an area of 3,925.73 hectares covered by ANM process nº 860.163/1984. Research activities were developed in the area throughout the 1990s and included the following activities: photointerpretation of regional features; geological mapping at scales 1:5,000 and 1:1,000; opening wells and trenches; soil sampling with meshes of 200 m x 40 m and 50 m x 10 m with collection of 10 kg and 20 kg, respectively, to count gold spots and drill three drill holes, totaling 420 m, which intercepted the primary gold deposit . In 2018, the data obtained in the research phase was organized and reinterpreted, as well as the deposit volumes were calculated, using the average density of 2.70 g/cm3 for mineralized bodies. The results obtained in the model total an analytical volume of 268,347.97 m3, corresponding to 724,539 t of ore with an average gold content of 1.02 g/t. The Investment Partnership Program Board recommended the qualification of the Ouro de Natividade Project through CPPI Resolution No. 238/2022. On 08/09/2022, Decree No. 11,163/2022 was published, qualifying the Ouro Natividade project within the scope of the Investment Partnership Program of the Presidency of the Republic. On April 7, 2022, CPRM published the Consultation and Public Hearing notices for this project in the Official Gazette. The Public Consultation was held between April 7, 2022 and May 6, 2022 and the Public Hearing on April 27, 2022. Further details are available on the CPRM portal. On March 23, 2023, the TCU did not identify any irregularities or improprieties that would discourage the regular continuation of the mining rights assignment process relating to the project, in accordance with Decision No. 525/2023-TCU-Plenário. The CPRM Presidency published Auction Notice No. 002/2023 on September 18, 2023. According to the Postponement Notice published in Section 3 of the Official Federal Gazette of 10/16/2023, the bidding was postponed. The new date for holding the public auction session (10/23/2023, at 10 am) was announced in the Bidding Notice published in Section 3 of the DOU of 10/18/2023. The auction documents are available at the following link: https://www.cprm.gov.br/publique/-7142.html On November 21, 2023, CPRM published the Auction Suspension Notice No. 2/2023 in Section 3 of the DOU.