Meridian Mining's Cabaçal Project's Preliminary Licence Approval Formalised by the State of Mato Grosso
Meridian Mining (OTCQX: MRRDF) announced that the Cabaçal Au‑Cu‑Ag project's Preliminary Licence (PL) has been formalized via publication in the Official Gazette of the State of Mato Grosso on November 3, 2025. The company plans to submit Cabaçal's Installation Licence (IL) in H1 2026 and is engaging with potential project finance groups to align financing with the IL and Final Investment Decision. Meridian also submitted a PL application for the Santa Helena Au‑Cu‑Ag & Zn project. Meridian highlighted >2 years of environmental and social studies, 12 months of public consultations, and a PL process that began in Q4 2021.
The announcement was reviewed and approved by Meridian's Qualified Person, Erich Marques, B.Sc., FAIG.
Meridian Mining (OTCQX: MRRDF) ha annunciato che la licenza preliminare del progetto Cabaçal Au‑Cu‑Ag è stata formalizzata tramite pubblicazione sulla Gazzetta Ufficiale dello Stato del Mato Grosso il 3 novembre 2025. L'azienda prevede di presentare la Licenza di Installazione (IL) per Cabaçal nel primo semestre del 2026 e sta dialogando con potenziali gruppi di project finance per allineare il finanziamento con l'IL e la Decisione Finale di Investimento. Meridian ha inoltre presentato una domanda di PL per il progetto Santa Helena Au‑Cu‑Ag & Zn. Meridian ha evidenziato oltre 2 anni di studi ambientali e sociali, 12 mesi di consultazioni pubbliche e un processo di PL che è iniziato nel Q4 2021.
La comunicazione è stata revisionata e approvata dal Qualified Person di Meridian, Erich Marques, B.Sc., FAIG.
Meridian Mining (OTCQX: MRRDF) anunció que la licencia preliminar del proyecto Cabaçal Au‑Cu‑Ag ha sido formalizada mediante publicación en la Gaceta Oficial del Estado de Mato Grosso el 3 de noviembre de 2025. La compañía planea presentar la licencia de instalación (IL) de Cabaçal en la primera mitad de 2026 y está manteniendo conversaciones con posibles grupos de financiación de proyectos para alinear la financiación con la IL y la Decisión Final de Inversión. Meridian también presentó una solicitud de PL para el proyecto Santa Helena Au‑Cu‑Ag & Zn. Meridian destacó más de 2 años de estudios ambientales y sociales, 12 meses de consultas públicas, y un proceso de PL que comenzó en el cuarto trimestre de 2021.
El anuncio fue revisado y aprobado por la Persona Calificada de Meridian, Erich Marques, B.Sc., FAIG.
Meridian Mining (OTCQX: MRRDF)은 Cabaçal Au‑Cu‑Ag 프로젝트의 예비 허가(PL)가 2025년 11월 3일 마토그로소 주 공식 관보에 등재되며 형식적으로 확정되었다고 발표했다. 회사는 2026년 상반기에 설치 허가(IL)를 제출할 계획이며 IL 및 최종 투자 결정과 연계된 자금 조달을 맞추기 위해 잠재적 프로젝트 파이낸스 그룹과 협의 중이다. Meridian은 또한 Santa Helena Au‑Cu‑Ag & Zn 프로젝트에 대한 PL 신청서를 제출했다. Meridian은 2년 넘는 환경·사회 연구, 12개월의 공청회, 2021년 4분기에 시작된 PL 절차를 강조했다.
발표는 Meridian의 자격 있는 담당자 Erich Marques, B.Sc., FAIG에 의해 검토 및 승인되었습니다.
Meridian Mining (OTCQX: MRRDF) a annoncé que la licence préliminaire du projet Cabaçal Au‑Cu‑Ag a été formalisée par sa publication au Journal officiel de l'État du Mato Grosso le 3 novembre 2025. La société prévoit de déposer la licence d'installation (IL) pour Cabaçal au cours du premier semestre 2026 et engage des discussions avec potentiels groupes de financement de projet afin d’aligner le financement avec l’IL et la décision d’investissement finale. Meridian a également soumis une demande de PL pour le projet Santa Helena Au‑Cu‑Ag & Zn. Meridian a mis en évidence plus de 2 ans d’études environnementales et sociales, 12 mois de consultations publiques et un processus de PL qui a commencé au T4 2021.
L’annonce a été examinée et approuvée par la Personne Qualifiée de Meridian, Erich Marques, B.Sc., FAIG.
Meridian Mining (OTCQX: MRRDF) gab bekannt, dass die vorläufige Genehmigung des Cabaçal-Projekts Au‑Cu‑Ag durch Veröffentlichung im Amtsblatt des Bundesstaates Mato Grosso am 3. November 2025 formell abgeschlossen wurde. Das Unternehmen plant, die Installationsgenehmigung (IL) für Cabaçal im ersten Halbjahr 2026 einzureichen und führt Gespräche mit potenziellen Projektfinanzierungsgesellschaften, um die Finanzierung mit der IL und der Final Investment Decision in Einklang zu bringen. Meridian hat außerdem einen PL-Antrag für das Santa Helena Au‑Cu‑Ag & Zn-Projekt eingereicht. Meridian hob mehr als 2 Jahre Umwelt- und Sozialstudien, 12 Monate öffentliche Konsultationen und einen PL-Prozess hervor, der im Q4 2021 begann.
Die Ankündigung wurde von Meridians qualifizierter Person, Erich Marques, B.Sc., FAIG, geprüft und genehmigt.
Meridian Mining (OTCQX: MRRDF) أعلن أن رخصة ما قبلية لمشروع كابال Au‑Cu‑Ag قد تم إكمالها رسمياً من خلال نشرها في الجريدة الرسمية لولاية ماتوغروسو في 3 نوفمبر 2025. تخطط الشركة لتقديم ترخيص التركيب (IL) للمشروع في النصف الأول من 2026 وتقوم بالتفاوض مع مجموعات تمويل المشاريع المحتملة لضمان توافق التمويل مع IL وقرار الاستثمار النهائي. كما قدمت Meridian طلب PL لمشروع Santa Helena Au‑Cu‑Ag & Zn. أكدت Meridian أن لديها أكثر من عامين من الدراسات البيئية والاجتماعية، و12 شهراً من المشاورات العامة، وأن عملية PL بدأت في الربع الرابع من 2021.
تمت مراجعة الإعلان والموافقة عليه من قبل الشخص المؤهل لدى Meridian، إريك ماركيز، B.Sc., FAIG.
- Cabaçal PL gazetted by State of Mato Grosso (Nov 3, 2025)
- Targeting Installation Licence submission H1 2026
- Santa Helena PL application submitted
- 2+ years of environmental studies and 12 months public consultations
- Installation Licence pending before construction can proceed (IL targeted H1 2026)
- Santa Helena PL submitted but not yet approved
Highlights:
- Meridian Mining’s Cabaçal Au-Cu-Ag Project’s Preliminary Licence Gazetted:
- State of Mato Grosso’s official gazette formalizes Cabaçal’s PL (“Licença Prévia”);
- Meridian continues to advance the development of the Cabaçal VMS belt as Mato Grosso’s most modern mining district;
- The long-term economic development of a significant mining district restarting moves closer to production; and
- Meridian Mining submits PL application for Santa Helena:
- Technical and environmental studies completed for Santa Helena’s PL application.
London, United Kingdom--(Newsfile Corp. - November 3, 2025) - Meridian Mining UK S (TSX: MNO) (FSE: N2E) (OTCQX: MRRDF) ("Meridian" or the "Company") is pleased to announce that the approval of the Cabaçal Gold-Copper-Silver project's ("Cabaçal") Preliminary Licence ("the PL"), has been formalized with the publication in the Official Gazette of the State of Mato Grosso. The Company is now focused on the ongoing preparation and submission of Cabaçal's Installation Licence ("the IL") in H1 2026.
The Company also announces that the application for a Preliminary Licence for the Santa Helena's Au-Cu-Ag & Zn project ("Santa Helena") has been submitted.
Mr. Gilbert Clark, CEO, comments: "Following the PL's unanimous approval1, it is now gazetted. A tremendous permitting milestone for the Company has been achieved. Congratulations to our Brazilian team and their commitment, to over two years of environmental studies, social-environmental and technical reviews, and 12 months of multiple public consultations.
The Cabaçal's PL process commenced in Q4 2021, as Meridian's experienced "in house" team saw the potential for rapidly returning this dormant mining camp back into production. The PL's gazetting, represents the significant endorsements and support by our local communities and the state of Mato Grosso for Cabaçal to achieve this potential.
Meridian is now preparing Cabaçal's IL application to the same high standard that the successful PL's application was completed. In parallel, Meridian is advancing its correspondence with potential project finance groups. This is to ensure that the progression of the IL is in alignment with Cabaçal's project financing, the Final Investment Decision and the Company's equities.
In addition, I believe the submission of the Santa Helena PL represents a major advancement for our second project. Establishing the greater Cabaçal Au-Cu-Ag belt to be Brazil's most advanced and modern VMS mining camp as well as its most prospective. Our corporate goals remain focused on the disciplined development of Cabaçal, the resource development at Santa Helena, and on further unlocking this greater belt scale exploration potential."
Qualified Person Statement
Mr. Erich Marques, B.Sc., FAIG, Chief Geologist of Meridian Mining and a Qualified Person as defined by National Instrument 43-101, has reviewed, verified, and approved the technical information in this news release.
About Meridian
Meridian Mining is focused on:
- The development and exploration of the advanced stage Cabaçal VMS gold‐copper project;
- The initial resource definition at the second higher-grade VMS asset at Santa Helena as the first stage of the Cabaçal Hub development strategy;
- Regional scale exploration of the Cabaçal VMS belt to expand the Cabaçal Hub strategy; and
- Exploration in the Jaurú & Araputanga Greenstone belts (the above all located in the State of Mato Grosso, Brazil).
The Pre-feasibility Study technical report (the "PFS Technical Report") dated March 31, 2025, entitled: "Cabaçal Gold-Copper Project NI 43-101 Technical Report and Pre-feasibility Study" outlines a base case after-tax NPV5 of USD 984 million and
The Cabaçal Mineral Reserve estimate consists of Proven and Probable reserves of 41.7 million tonnes at 0.63g/t gold,
Readers are encouraged to read the PFS Technical Report in its entirety. The PFS Technical Report may be found under the Company's profile on SEDAR+ at www.sedarplus.ca and on the Company's website at www.meridianmining.co.
The PFS Technical Report was prepared for the Company by Tommaso Roberto Raponi (P. Eng), Principal Metallurgist with Ausenco Engineering Canada ULC; Scott Elfen (P. E.), Global Lead Geotechnical and Civil Services with Ausenco Engineering Canada ULC; John Anthony McCartney, C.Geol., Ausenco Chile Ltda.; Porfirio Cabaleiro Rodriguez (Engineer Geologist FAIG), of GE21 Consultoria Mineral; Leonardo Soares (PGeo, MAIG), Senior Geological Consultant of GE21 Consultoria Mineral; Norman Lotter (Mineral Processing Engineer; P.Eng.), of Flowsheets Metallurgical Consulting Inc.; and, Juliano Felix de Lima (Engineer Geologist MAIG), of GE21 Consultoria Mineral.
On behalf of the Board of Directors of Meridian Mining UK S
Mr. Gilbert Clark - CEO and Director
Meridian Mining UK S
8th Floor, 4 More London Riverside
London SE1 2AU
United Kingdom
Email: info@meridianmining.co
Ph: +44 (0) 203 930 3145 (GMT)
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Email: meridianmining@tavistock.co.uk
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Further information can be found at: www.meridianmining.co
Cautionary Statement on Forward-Looking Information
Some statements in this news release contain forward-looking information or forward-looking statements for the purposes of applicable securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed under the heading "Risk Factors" in Meridian's most recent Annual Information Form filed on www.sedarplus.ca. While these factors and assumptions are considered reasonable by Meridian, in light of management's experience and perception of current conditions and expected developments, Meridian can give no assurance that such expectations will prove to be correct. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Meridian disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events, or results or otherwise.
1 See Meridian news 30 October 2025
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272928
FAQ
What did Meridian Mining announce about Cabaçal on November 3, 2025 (MRRDF)?
When will Meridian submit Cabaçal's Installation Licence (IL) for MRRDF?
Has Meridian applied for permits at Santa Helena (MRRDF)?
What permitting work supported the Cabaçal PL (MRRDF)?
Does Meridian have project financing in place for Cabaçal (MRRDF)?
Who verified the technical information in Meridian's November 3, 2025 release (MRRDF)?
