Centaurus Metals (ASX:CTM) secured the mining lease for its Jaguar project in Brazil, allowing for the commercial extraction of ore, according to a Friday filing with the Australian bourse.
The grant of the mining lease represents the final key approval needed to facilitate a final investment decision, the filing said.
Shares fell 3% in morning trade Friday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.