Serafino Iacono, Executive Chairman and CEO of Denarius Metals, commented, “The acquisition of a 50% stake in RNR reflects the continued execution of our strategy of acquiring significant projects in highly prospective and tier one mining jurisdictions in Spain. The acquisition gives us ownership in the only nickel deposit in Spain and one of the few in Europe. With our Zancudo Project in Colombia already on track to commence production in 2024, this acquisition gives us a second mine going into operation next year, with Aguablanca set to resume production through underground mining in the next 12 months. The acquisition also accelerates our path to production from our flagship Lomero Project using excess capacity available in RNR’s 5,000 tonnes per day (“tpd”) processing plant. Our technical expertise and location of assets in the nearby Autonomous Community of Andalucia makes us uniquely suited to benefit from the synergies derived from a combination of the Lomero and Aguablanca Projects. We look forward to continuing our work to help the Autonomous Communities of Andalusia and Extremadura become frontrunners in sustainable raw material technologies and practices to support the European climate neutrality goal and increase local well-being”.
This new stage in the historic Aguablanca mine, located at the confluence of the towns of Monesterio (Badajoz), Real de la Jara (Sevi"lle) and Santa Olalla del Cala (Huelva) – The Aguablanca deposit is rich in nickel and copper has a planned useful life of about 10 years with reserves of 3 million tons, which will begin to be extracted, according to initial forecasts, in July 2024.
The mining work will focus exclusively on interior work – just below the current cutting – and full use of the existing facilities: industrial (benefit plant), auxiliary (warehouses, laboratories, workshops, offices, etc.), as well as like the current waste pond. The work, which will begin shortly, will focus on the prior fine-tuning of these key areas. There will be no open pit mine.
This new stage in Aguablanca will not only reuse all the infrastructure and services associated with the open pit mining project closed in 2012, but will also focus on managing the available resources with a sustainable methodology, especially in the case of water.
NEWS:
COMIENZAN LAS LABORES PREVIAS PARA LA REAPERTURA DE LA MINA DE AGUABLANCA:
https://lnkd.in/epxDJCQv
DENARIUS METALS ACCELERATES ITS PATH TO PRODUCTION IN SPAIN:
https://lnkd.in/eEM3Vpw3
VIDEO YACIMIENTO MINERO DE AGUABLANCA:
https://lnkd.in/eVMzqM_V
Co-Founder and President | Utopio Energy
3 mesesCongratulations on this milestone.