Cabral Gold (TSXV: CBR) CEO Alan Carter says the company has achieved a major milestone with the granting of the Licença Prévia (“LP”) for the Full Mining License at Cuiú Cuiú Gold District, in the state of Pará, Brazil. “The trial mining licenses actually have a limit, so we can only mine about half a million tons a year, or about 1,500 tons a day,” he explained. “With the full mining license, there is no limit, so we can expand this to the full design capacity of 3,000 tons a day and way beyond that.”

“I think there's a good chance we will expand this once we get it up and running in about six months’ time.”

Carter said the company has approximately CAD$40 million in cash, and while they’re spending on the mine construction, they’re continuing to move forward with further exploration as well. “We're building a mine, but we still have our foot on the accelerator in terms of the exploration program,” he said. “We've basically split our workforce in two, so we've got a
dedicated construction team and a dedicated exploration team, and the exploration team is going full-tilt all the way through the construction, and are producing some excellent results.”

Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.

To learn more about Cabral Gold, visit: https://cabralgold.com/

00:00 - Introduction
00:19 - Impact of the Full Mining License
04:23 - Advancement of Phase One
06:14 - Risk Management of Civil Works
07:32 - Critical Path to Commercial Production
08:57 - Advancement of Phase Two
12:01 - Financial Impacts of Iran Conflict on Development
14:03 - Logistical Impacts of Iran Conflict on Development
15:31 - Latest Drill Results
19:17 - Prioritizing and Targeting Exploration 
21:40 - Current Financial Position of the Company
__________________________________________________________________

Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.

Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com

Stay connected with us
X - https://x.com/KitcoMining
Instagram -   / kitcomining  
LinkedIn -   / kitco-mining  
Facebook -   / kitcomining  

Connect with the Kitco Mining anchors
Paul Harris - https://x.com/paulharrisgold
 
For more in-depth mining coverage, visit us here - https://www.kitco.com/mining

Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.

Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.