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Mont Sorcier iron ore feasibility study delayed for optimization; ESIA filing remains on track for Q2 2027

Market News
15 Jul 2026
GlobeNewsWire
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Neutral
Mont Sorcier iron ore feasibility study delayed for optimization; ESIA filing remains on track for Q2 2027

Cerrado Gold has extended the completion date of the Bankable Feasibility Study (BFS) for the Mont Sorcier iron ore project to incorporate optimization opportunities aimed at enhancing project value. These include an improved mine plan to reduce strip ratio, tailings dam construction, cost reviews amid inflation, and a trade-off study on concentrate quality. A modest drill program is planned for Q3 2026 to upgrade resources and refine the mine plan. Despite the BFS delay, the Environmental and Social Impact Assessment (ESIA) filing remains scheduled for Q2 2027, with permitting expected by late 2028 and construction potentially starting in early 2029.

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