Aura Minerals Inc. announce that SNC-Lavalin Inc. and its Brazilian subsidiary, SNC-Lavalin Minerconsult Engenharia Ltda., have been awarded the definitive feasibility study on the advanced-stage Serrote da Laje deposit (“Serrote Deposit”) at its wholly-owned copper-gold-iron ore Arapiraca Project in Alagoas State, Brazil. The feasibility study is underway and is scheduled for completion late in the first quarter of 2012.
The feasibility study will focus on developing the Serrote Deposit as an open pit mine that will supply sulphide ore to a concentrator, producing copper in concentrate with gold credits, as well as an iron in magnetite concentrate.
Commenting on this award, Mr. Tom Ogryzlo, Interim CEO of Aura Minerals, stated, “The commencement of the feasibility study is an important milestone for the project. We are very pleased to have selected SNC-Lavalin. We believe that their extensive knowledge and experience in the mining industry combined with their strong local presence in Brazil will be of great benefit.”