Overview of New World Resources' recent submission for aquifer protection permit

New World Resources Limited (ASX:NWC) has submitted a comprehensive application to the Arizona Department of Environmental Quality for an Aquifer Protection Permit to support the development of its Antler Copper Project. The permit application details the rigorous design of mineral processing and waste disposal facilities at the site, aiming to meet all State and Federal laws and regulations relating to groundwater management and protection.

Executive commentary on the aquifer protection permit application

The APP application represents the culmination of many months of dedicated work by the New World team and our consultants. The design standards and water management infrastructure are truly industry best practice, and we very much look forward to the ADEQ reviewing the application as prepared. Given that the APP is the State permit that is expected to have the longest approval timeframe, the development team has ensured that any determination timelines are minimized to the extent possible by ensuring that the majority of the infrastructure as designed complies to BADCT standards. The APP application, together with the Federal permit application we submitted in January 2024 and the recently submitted Air Quality permit application, means that New World has now submitted applications for all the permits with long lead-times that are required to allow both development and mining of the Antler Project to proceed. This is a notable milestone for the team, and the Antler Project!

Overview of Antler Copper Project and future outlook

New World Resources' submission of the Aquifer Protection Permit application for the Antler Copper Project marks a significant step towards securing the necessary permits for the project's development and mining operations. The company has de-risked the project by designing the majority of the mine processing and waste disposal facilities to meet ADEQ's prescriptive Best Available Demonstrated Control Technology design guidance, aiming to expedite the application review and reduce the permitting timeframe. With the expectation of securing major operating permits before the end of December 2025, New World Resources is focused on advancing the Antler Project in compliance with environmental regulations and industry best practices. The Antler Project, located in northern Arizona, holds significant potential as one of the highest-grade copper deposits in the world, and ongoing exploration efforts aim to further enhance its robust economics and production profile. New World Resources remains committed to the responsible and sustainable development of the Antler Copper Project.