Has SolGold Secured Key Environmental Approval for Porvenir Copper-Gold Project in Ecuador?

Highlights

• SolGold has received an Environmental License for its Porvenir copper-gold project located in Ecuador.

• The licence enables advanced exploration including drilling and technical assessments across the large landholding.

• The company continues evaluating open-pit and underground mining scenarios with support from local communities.

SolGold PLC, listed on the London Stock Exchange under the ticker symbol (LSE:SOLG), operates within the mineral exploration sector. The company’s recent developments place it within the scope of the FTSE Aim 100 Index, which comprises emerging UK-listed companies focused on high-growth sectors. A major advancement for SolGold’s Porvenir Project in Ecuador has positioned it to pursue deeper exploration activities within one of South America’s key mining jurisdictions.

Approval for Environmental Licence
The Ministry of the Environment, Water and Ecological Transition of Ecuador has formally granted an Environmental License for the Porvenir Project. This approval enables the company to proceed with diamond drilling and other advanced exploration activities across an area spanning several thousand hectares. The licence applies to the project’s Phase 2 exploration campaign, which includes a mix of geological assessments and resource development planning.

The Environmental License represents a key regulatory milestone under Ecuador’s mining legislation. It allows SolGold to initiate work programs aligned with both open-pit and underground development options. The project will operate under Ecuador’s large-scale mining regime, providing access to a structured permitting path for future stages.

Exploration Focus at Cacharposa Deposit
The Porvenir Project is anchored by the Cacharposa deposit, which has undergone multiple drill programs aimed at defining copper and gold resources. The exploration results from this area have outlined substantial mineralised zones, with drill intersections showing extended copper and gold mineralisation.

The company is currently completing a Preliminary Economic Assessment (PEA) for the deposit. This assessment includes detailed evaluations of both surface and subsurface mining methods. Geotechnical, metallurgical, and hydrological studies are also being undertaken to determine the technical feasibility of future development at the site.

Local Community Engagement and Support
SolGold has reported active engagement with local communities around the Porvenir Project. The Environmental License was secured with support from regional authorities and public stakeholders, highlighting local acceptance of exploration activities. Community participation in consultation processes has been noted as a contributing factor in the project's progression.

The company has stated that local partnerships and employment initiatives are aligned with Ecuador’s environmental and social governance framework. Such alignment is part of the permitting conditions outlined under the national environmental standards.

Strategic Role within SolGold’s ExploreCo Portfolio
The Porvenir Project forms a central component of SolGold’s ExploreCo portfolio, which includes a range of early-to-advanced-stage mineral projects in Ecuador. The company has indicated that the Environmental License strengthens the strategic positioning of Porvenir within its broader resource development strategy.

While SolGold continues to assess future work programs and capital planning, the receipt of the Environmental License allows uninterrupted progress on technical assessments. The company has also indicated that it is in the process of reviewing strategic options across its portfolio, with Porvenir being among the key assets under consideration.

Mineral Sector Development in Ecuador
Ecuador’s growing profile as a mineral exploration hub has attracted attention from several global exploration companies. With formalised permitting frameworks and community involvement protocols, projects like Porvenir contribute to the evolving landscape of the country’s resource sector.

SolGold’s latest milestone positions the company to expand technical knowledge of the deposit and proceed with resource development under regulatory compliance. The granting of the Environmental License marks an important phase in Ecuador’s long-term plan to build a sustainable and regulated mining industry.