The environmental approval marks a turn of fortunes for the company, which saw its EIA rejected in July 2022 by a regional evaluation commission because it contained “insufficient information” on the project’s negative impacts on certain wildlife species. An appeal was subsequently made to the committee.
Located in the Atacama region of northern Chile, Fenix represents one of the largest undeveloped gold oxide, heap leach projects in the Americas, boasting 4.75 million oz. of measured and indicated resources contained within 389.2 million tonnes grading 0.38 g/t gold, the company said.
According to Rio2, the project is an example of modern gold mining where a full complement of technical, environmental, and social considerations has been consulted on and designed in from the outset. It also represents a significant investment in Chile’s gold sector by a junior mining company, with approximately $235 million of initial and…
