Crucial long-lead Aquifer Protection Permit application determined to be Technically Complete by Arizona Department of Environmental Quality
Highlights
Aquifer Protection Permit (“APP”) application submitted to the Arizona Department of Environmental Quality (“ADEQ”) on 9 October 2024 has been determined to be Technically Complete, representing yet another critical step in the approvals process to develop the Antler Copper Project in northern Arizona, USA.
This is the State Permit that is expected to have the longest approval lead-time.
Submission of additional State Permit applications relating to underground mining activities will continue, with mine permits expected to be progressively approved through 2025.
The Antler Definitive Feasibility Study (“DFS”) is continuing in parallel with local and regional exploration and mine permitting, to further de-risk and enhance the highly robust, stand-alone development credentials of the Antler Copper Project, as outlined in the PFS released in July 2024. _______
New World’s Managing Director & CEO, Nick Woolrych, commented:
“It is very encouraging that New World has achieved a yet another determination of Completeness by the ADEQ in such a rapid timeframe, with no modifications required to our original application. This achievement highlights the exceptional work of New World’s development team and consultants and underscores the supportive approach of Arizona’s State and Federal regulators. Truly, there is no better place to develop a copper project!
“The APP application represents the best of the Antler Project, showcasing the Company’s industry leading design standards and water management infrastructure. Given that the APP is the State Permit that is expected to have the longest approval timeframe, the development team has ensured that any approval timelines are minimised to the extent possible by ensuring that critical site infrastructure as designed complies to BADCT standards.
“New World has now submitted and received completeness determinations for all the State permits with long lead-times that are required to allow both development and mining of the Antler Project to proceed. “This is yet another key milestone for the redevelopment of the high-grade Antler Copper Project!”