RE:First Quantum
From First Quantum
The primary Environmental and Social Impact Assessment (“ESIA”) for Taca Taca was submitted to the Secretariat of Mining of Salta Province in 2019 and
supplementary information on tailings and waste management were filed to the authority during 2022. As a part of the revision process, in June 2023, the
Company received a second set of observations to the ESIA and is currently working to provide the requested information. Approval of the ESIA is expected
in 2023. The Phase III groundwater exploration campaign successfully concluded during the second quarter of 2023, with eighteen pumping wells
constructed and tested, obtaining positive results. The initial water use permit applications were submitted during the second quarter of 2023 and the
remaining will be submitted progressively in 2023.