Key Milestone for New World Resources in Antler Copper Project Development

New World Resources Limited (ASX:NWC) has achieved a significant milestone by submitting the Air Quality Control Permit application to the Arizona Department of Environmental Quality for the development of the high-grade, high-margin Antler Copper Project in northern Arizona, USA. This submission represents a critical step in the approval process required to commence construction of the Project, based on the technical parameters outlined in the positive Pre-Feasibility Study delivered in July 2024.

Executive Commentary on Antler Copper Project Development

I am delighted that we have taken this critical step towards permitting the Antler Project, with the Air Quality Control Permit representing one of the key state permits for construction to commence. We are planning to build a modern, state-of-the-art mining operation at Antler with low environmental and social impact. We are using advanced technology, world-class engineering and industry best-practice to minimize any impact on air quality to ensure the health and safety of the surrounding environment and community. 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. We expect to lodge additional Arizona state permits over the coming weeks, with approvals expected to be received progressively from mid-2025 onwards. With the forecast completion of the Anter DFS by the end of 2025, we are well on the way to getting Antler back into production.

Summary of Antler Copper Project Development and Outlook

New World Resources has reached a significant milestone with the submission of the Air Quality Control Permit application for the Antler Copper Project in Arizona. The company's commitment to developing the project in accordance with industry best practice is evident in the comprehensive evaluation of all emission sources to minimize environmental impact. The submission of additional permit applications and the ongoing Definitive Feasibility Study demonstrate New World's dedication to de-risk and enhance the development credentials of the Antler Copper Project. With approvals expected progressively from mid-2025 onwards, the company is on track to proceed with both development and mining activities. The Antler Deposit's high-grade copper content and the ongoing exploration efforts further underline the potential for extended mining operations and enhanced production. New World's focus on advanced technology and environmental responsibility positions the company for sustainable and responsible mining operations in the region.