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Cerrado Gold gained automatic approval for its Lagoa Salgada gold project in Portugal, enabling next-phase development.
Cerrado Gold has announced the tacit approval of the Environmental Impact Assessment for its Lagoa Salgada gold project in southern Portugal, under Portuguese law that grants automatic approval if no formal decision is issued within the legal timeframe.
The company can now move forward with the Final Execution Project and Environmental Compliance Report phase.
The project, located in the Iberian Pyrite Belt near Lisbon, holds high-grade polymetallic deposits.
While the company plans to seek formal certification, the Portuguese Environmental Agency may still issue an adverse opinion.
No production timeline or financial details were provided.
Cerrado Gold obtuvo la aprobación automática para su proyecto de oro Lagoa Salgada en Portugal, permitiendo la siguiente fase de desarrollo.