New World Resources on Thursday announced the submission of a key construction permit for its Antler copper project in Arizona, in the US.
The company, which is listed on the ASX, applied for an air quality control permit from the Arizona Department of Environmental Quality, representing a critical step in the approval process to develop Antler.
“This permit application, together with our previous federal permit submission in January 2024, means that New World is well on the way to submitting applications for all permits required to allow both development and mining of the Antler project to proceed,” said MD and CEO Nick Woolrych.
New World will lodge additional Arizona state permits over the coming weeks, with approvals expected to be received progressively from mid-2025.
“With the forecast completion of the Antler DFS by the end of 2025, we are well on the way to getting Antler back into production,” said Woolrych.
In July, New World announced a prefeasibility study that demonstrates a technically- and financially-robust project that is capable of delivering more than 300 000 t/y of payable copper-equivalent metal over a 12-year life.
With C1 cash costs of $0.12/lb of copper, New World is on track to become one of the lowest-cost producers of copper in the world.