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Property Status
- Environmental and Surface Access Agreements
Minera Phelps-Dodge del Peru S.A.C. obtained all necessary environmental and surface access agreements to complete exploration activities at the Haquira Project in 2001-2003. On July 25, 2003, Minera Phelps-Dodge del Peru S.A.C. filed a Category C Environmental Evaluation for the development of an exploration program consisting in the construction of 92 platforms and the execution of 23,000 meters of diamond drilling. The area to be disturbed by this exploration program was estimated to be 11.8 hectares. Minera Phelps-Dodge del Peru S.A.C. completed approximately 50 percent of the activity contemplated under this application. No exploration activity was completed at the project in 2004, and Minera Phelps-Dodge del Peru S.A.C. completed all required reclamation and formally closed out their exploration permit.
Upon acquiring the Haquira property Minera Antares Peru S.A.C. commenced the process of preparing a new Category C Environmental Evaluation and also negotiated new surface access agreements with the local community landholders. The Category C Environmental Evaluation was submitted on September 1, 2005 to the Ministerio Energía y Minas (MEM) and subsequently approved on November 10, 2005. All permits and surface access agreements are currently in good standing.
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