New World Resources achieves key milestone for Antler Copper Project

New World Resources Limited (ASX:NWC) has achieved a significant milestone in the development of its Antler Copper Project in northern Arizona, USA. The company's Air Quality Control Permit application has been determined to be Technically Complete by the Arizona Department of Environmental Quality, marking a critical step towards the project's approval process.

Executive Commentary on Air Quality Permit Milestone

It is pleasing that New World has achieved a determination of Completeness by the ADEQ in such a rapid timeframe, with no modifications required to our original application. This is testament to the quality of the work undertaken by New World's development team and our consultants. The Air Quality Control Permit represents one of the key state permits required for construction to commence and this determination is a notable milestone for the Company and the Project. Once approvals are in place, we will be building a best-practice mining operation at Antler with low environmental and social impact. We are using advanced technology and industry best-practices to minimise any impact on air quality to ensure the health and safety of the surrounding environment and community. We look forward to presenting the Project to the community during the upcoming public comment period. New World submitted its longest lead-time permit application in January 2024 and is well on the way to submitting applications for all the other permits required to allow both development and mining of the Antler Project to proceed. The team in Arizona continues to make great progress towards getting Antler back into production.

Summary of Antler Copper Project Development

New World Resources has made significant progress with the approval process for its Antler Copper Project in northern Arizona, USA. The completion of the Air Quality Control Permit application represents a critical step towards the project's development. The company is committed to developing the Antler Project in accordance with industry best practices, with a focus on minimizing environmental impact and ensuring the health and safety of the surrounding community. With the approval expected in H1 2025, New World is also continuing the Definitive Feasibility Study in parallel with local and regional exploration and mine permitting to further de-risk and enhance the project's development credentials. The Antler Project, with its high-grade copper deposits, presents substantial exploration potential, and the company is dedicated to ongoing exploration to potentially extend the mine's life and production profile. New World Resources is rapidly advancing the mine permit approval process and aims to progressively approve all permits through 2025.