Cerrado Gold to Host Management Conference Call to Discuss the Purported Unfavourable Opinion of the Environmental Impact Assessment for the Lagoa Salgada Project, Portugal

Core Viewpoint - Cerrado Gold Inc. is facing challenges regarding the environmental impact assessment for its Lago Salgada Project in Portugal, prompting a management conference call to discuss the situation and next steps [1][2]. Company Overview - Cerrado Gold is a Toronto-based gold production, development, and exploration company, owning 100% of the Minera Don Nicolás and Las Calandrias mines in Argentina [2]. - The company holds an 80% interest in the Lagoa Salgada VMS project in Portugal and is also developing the Mont Sorcier Iron project in Canada [2][5]. Project Details - The Lagoa Salgada project is located on the Iberian Pyrite Belt and is characterized by high-grade polymetallic mineralization, including zinc, copper, lead, tin, silver, and gold [4]. - The project covers a large area of 7,209 hectares and is situated 80 km from Lisbon, benefiting from excellent infrastructure [4]. - The Mont Sorcier project aims to produce high-purity, high-grade Direct Reduced Iron, which supports the transition of steel production towards more sustainable methods [5]. Operational Strategy - In Argentina, the company is focused on optimizing operations at Minera Don Nicolás and increasing production at the Las Calandrias heap leach project [3]. - An extensive exploration campaign is underway to unlock additional resources in the Deseado Massif region [3].