Serabi Gold plc announced a three year renewal of the trial mining licence for its wholly owned Coringa mine (?Coringa?). The National Mining Agency (ANM) has issued a renewal of the Company?s trial mining licence (?GU") for Coringa for an additional three years, demonstrating continued stakeholder support for Coringa. The GU permits the transport of up to 50,000 tonnes of ore per annum from Coringa, to be processed at the Palito Complex.

The environmental agency Secretaria de Estado de Meio Ambiente e Sustentabilidade (?SEMAS?) is continuing its analysis of the company?s application for the Installation Licence for Coringa but has confirmed that the Company?s Trial Mining Operating Licence (?GUOL?) remains active and valid. Serabi is now permitted to install the planned crusher and ore sorter, the latter expected to be operational by Q4-2024. The official announcement of the three-year renewal of the GU was published on 29 January 2024.