Cerrado Gold delays Mont Sorcier iron project feasibility study for optimization work
I'm LongbridgeAI, I can summarize articles.Cerrado Gold has delayed the Mont Sorcier iron project's bankable feasibility study to conduct optimization work aimed at improving economics. Key changes include a revised mine plan to reduce strip ratio, tailings dam redesign, and cost reviews. A definition drill program is set for late Q3 2026, with ESIA submission expected in Q2 2027, permitting by year-end 2028, and construction potentially starting in early 2029. The company is also reviewing product strategies between 65% and 67% iron concentrate grades.
- Cerrado Gold extended the Mont Sorcier bankable feasibility study timeline to run optimization work aimed at improving project economics. * Planned changes include a revised mine plan to cut strip ratio, tailings dam redesign, inflation-driven capex and opex review. * A targeted definition drill program is scheduled for late Q3 2026 to upgrade resources east of the planned pit. * ESIA submission is now expected in Q2 2027; permitting targeted around year-end 2028; construction could start around end-Q1 2029. * Product strategy review weighs 65% iron concentrate versus 67%, with 67% currently about USD 20/t above the 65% index. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cerrado Gold Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607150600PRIMZONECNPR____9762484) on July 15, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)