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Cerrado Gold Extends Completion Date of Feasibility Study on Mont Sorcier Project

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Cerrado Gold (CERT.V) extended the completion date of a bankable feasibility study for the Mont Sorcier iron project in Quebec to review opportunities to reduce costs and optimize project economics.

Cerrado did not provide an exact timeline but expects the change to not materially impact the filing of an environmental and social impact assessment in the second quarter of 2027, the company said Wednesday.

The company said it could secure the required permits around year-end 2028, with construction targeted to commence around the end of the first quarter of 2029.

As part of the optimization program, Cerrado said it will carry out a modest drill program in the third quarter to enhance the mine plan by upgrading additional resources.

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