REG - Atalaya Mining PLC - Touro Awarded Strategic Industrial Project Status

Atalaya MiningAnnouncement

24/06/2024 13:00

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RNS Number : 6240T  Atalaya Mining PLC  24 June 2024

 

24 June 2024

Atalaya Mining Plc.

("Atalaya" or "the Company")

Touro Awarded Strategic Industrial Project Status

Project to be eligible for simplified and fast tracked permitting process

 

Atalaya Mining Plc (LSE: ATYM) is pleased to announce that Proyecto Touro has
been declared a strategic industrial project by the Council of the Xunta de
Galicia ("XdG").

Under legislation of the Autonomous Community of Galicia, the status of
strategic industrial project (or in Spanish, proyecto industrial estratégico
("PIE")) acts to simplify the administrative procedures associated with the
development of industrial projects and intends to substantially reduce
permitting timelines.

Proyecto Touro has been designed to be a benchmark in sustainable mining in
Europe and a milestone for Galician industry. Copper production is expected to
average approximately 30 ktpa over a mine life of around 15 years. As a result
of the project's location in a region with high quality infrastructure,
capital intensity is expected to be very competitive compared to most
development projects globally.

Alberto Lavandeira, CEO, commented:

"We are very pleased to see that Proyecto Touro has been declared a strategic
industrial project by the Xunta de Galicia. This declaration highlights the
Xunta's commitment to promoting new investment and fostering innovation.
Atalaya has worked diligently in the optimisation of Proyecto Touro to design
a modern and sustainable mining project.

Copper is critical for supporting the energy transition and we are confident
that the development of Touro will benefit the people of Galicia and also
become a new source of European copper production.

Atalaya looks forward to working with the Xunta de Galicia and key
stakeholders in the region to advance this important project."

 

Contacts:

 SEC Newgate UK  Elisabeth Cowell / Tom Carnegie / Matthew Elliott  +44 20 3757 6882
 Atalaya Mining  Michael Rechsteiner                                +34 959 59 28 50

About Atalaya Mining Plc

Atalaya is a European copper producer that owns and operates the Proyecto
Riotinto complex in southwest Spain. Atalaya's shares trade on the London
Stock Exchange's Main Market (Premium Segment) under the symbol "ATYM".

Atalaya's operations include the Cerro Colorado open pit mine and a modern 15
Mtpa processing plant, which has the potential to become a central processing
hub for ore sourced from its wholly owned regional projects around Riotinto,
such as Proyecto Masa Valverde and Proyecto Riotinto East. In addition,
Atalaya has a phased earn-in agreement for up to 80% ownership of Proyecto
Touro, a brownfield copper project in the northwest of Spain, as well as a
99.9% interest in Proyecto Ossa Morena. For further information, please visit
www.atalayamining.com (http://www.atalayamining.com)

 

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