Galpão targets while work was carried out to reinstate permit s and bring the processing plant out of care and maintenance. Tessarema resumed mining and processing ore from stockpiles and the Osmar pit in October, with a gradual ramp-up expected in the coming months.
November 12, 2024 (TSX Venture: LRA) - Lara Exploration Ltd. (“Lara”) is pleased to report that mining
and processing has resumed at the Celesta Copper Project in the Carajás of Brazil . Tessarema Resources
has advised that an additional 3,545m of resource definition drilling was completed on the Osmar and
Galpão targets while work was carried out to reinstate permit s and bring the processing plant out of care
and maintenance. Tessarema resumed mining and processing ore from stockpiles and the Osmar pit in
October, with a gradual ramp-up expected in the coming months.
Lara owns a 5% net profits interest in the project, via preferred shares of Celesta, without the obligation to
contribute to the re-start costs, and a 2% Net Smelter Returns (“NSR”) Royalty on production.
About Lara Exploration
Lara is an exploration company following the Prospect and Royalty Generator business model, which aims
to minimize shareholder dilution and financial risk by generating prospects and exploring them in joint
ventures funded by partners, retaining a minority interest and or a royalty. The Company currently holds a
diverse portfolio of prospects, deposits and royalties in Brazil, Peru and Chile. Lara’s common shares trade
on the TSX Venture Exchange under the symbol "LRA".
For further information on Lara Exploration Ltd. please consult our website www.laraexploration.com, or
contact Chris MacIntyre, VP Corporate Development, at +1 416 703 0010.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or
accuracy of this release.
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Operational Restart at the Celesta Copper Project in Brazil
TSX-Venture: LRA
Suite 501-543 Granville Street
Vancouver BC, Canada
V6C 1X8
www.laraexploration.com
T: 604.669.8777
F: 604.688.1157
News Release