The Fenix gold project, in the Maricunga mineral belt of Chile, has been “completely reimagined and re-engineered”, with a shorter timeline to construction, a more simplified approval process and lower initial capital costs, owner Rio2 president and CEO Alex Black announced on Wednesday.
Unveiling the outcomes of an updated prefeasibility study (PFS) for the project, which was acquired about a year ago, Black said the TSX-V-listed company had set an achievable timeline to construction for the fourth quarter of 2021.