REG - Halo Minerals PLC - Filing of Beach Mining Permit Application

Halo MineralsAnnouncement

07/05/2026 07:00

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RNS Number : 3236D  Halo Minerals PLC  07 May 2026

 

7 May 2026

Halo Minerals PLC

("Halo Minerals" or the "Company")

Filing of Beach Mining Permit Application - Playa Verde Project, Chile

Halo Minerals PLC (AIM: HALO), the copper development company focused on
extracting critical minerals from legacy mining waste, is pleased to announce
that its 100%-owned subsidiary, Minera Playa Verde SpA, has formally filed an
application with the Delegado Provincial de Chañaral ("Provincial Delegate")
for authorisation to conduct mining activities on Playa Grande de Chañaral
under Article 17 Nº 1 of the Chilean Mining Code (the "Application").

Highlights:

·    The Application requests permission to conduct mining activities on
the beach areas containing historic tailings deposits and follows the EIA
approval which was favourably granted in October 2025.

·    Subject to permit approval, Halo is on track to commence site works
at Playa Verde before the end of 2026.

Andrew Dennan, Chief Executive Officer of Halo Minerals, comments:

"The filing of this Application is a key regulatory step required to commence
operations at Playa Verde and it is a highly significant milestone for the
company. With the Project´s environmental approval already secured, this
filing follows the sequence of remaining regulatory consents to enable
operations.

"Playa Verde is a unique opportunity to reprocess metal rich historic tailings
to produce LME Grade A copper cathodes and a copper - gold concentrate from an
at-surface, low-capex project in a Tier-1 mining jurisdiction whilst
delivering meaningful environmental detoxification to the Chañaral Bay area.

"We look forward to updating shareholders as the permit process progresses."

Summary of Application:

·  Environmental Approval Secured: The Project already holds a favourable
environmental qualification, per Resolución Exenta Nº202599101932 dated 15
October 2025 from the Committee of Ministers.

·    Permit Filed: Further to the receipt of the favourable environmental
qualification, Minera Playa Verde SpA has now submitted the Application to the
Provincial Delegate of Chañaral, requesting permission to conduct mining
activities on beach areas containing historic tailings deposits.

·    Playa Verde Project: The Application relates to Halo's Playa Verde
Project (the "Project"), located in the Atacama Region, Chañaral Province.
The beach hosts mineralised sands with copper content derived from historic
tailings discharged into the Salado River basin where the Project has a
defined 53Mt JORC compliant resource at 0.24% Cu which includes Ore Reserves
of 32Mt at 0.25% Cu.

·    Legal Basis: Article 17 Nº 1 of the Mining Code requires written
permission from the Provincial Delegate to carry out mining activities in
close proximity to urban areas as well as public roads. The application
complies with all requirements of Article 4 of the Mining Code Regulations.

Next Steps:

Following submission, the Provincial Delegate will review the Application in
accordance with the Mining Code. The Company will continue stakeholder
engagement with local authorities and communities in Chañaral. Subject to
receipt of the Article 17 permit, the Company remains on track to commence
site works at Playa Verde before the end of 2026.

 

The Company will provide further updates as the Application progresses.

 

This announcement contains inside information for the purposes of article 7 of
the UK Market Abuse Regulation. The Directors of the Company are responsible
for the release of this announcement.

 

Enquiries:

 Halo Minerals PLC                        Via Tavistock below

 Andrew Dennan, Chief Executive Officer

 Frank Jackson, Chief Financial Officer
 Information@HaloMinerals.co.uk
 www.halominerals.co.uk

 Cairn Financial Advisers LLP (NOMAD)     +44 20 7213 0880
 Ludovico Lazzaretti

 Liam Murray

 James Western

 Global Investment Strategy (Broker)      +44 20 7048 9045
 Christopher Kipling

 Tavistock (Public Relations)             +44 20 7920 3150
 Nick Elwes

 Jack Seward

 Gareth Tredway

 

Forward Looking Statements

This announcement contains forward-looking statements relating to expected or
anticipated future events and anticipated results that are forward-looking in
nature and, as a result, are subject to certain risks and uncertainties, such
as general economic, market and business conditions, competition for qualified
staff, the regulatory process and actions, technical issues, new legislation,
uncertainties resulting from potential delays or changes in plans,
uncertainties resulting from working in a new political jurisdiction,
uncertainties regarding the results of exploration, uncertainties regarding
the timing and granting of prospecting rights, uncertainties regarding the
Company's ability to execute and implement future plans, and the occurrence of
unexpected events.   Actual results achieved may vary from the information
provided herein as a result of numerous known and unknown risks and
uncertainties and other factors.

Notes to Editors

Halo Minerals PLC is the 100% owner of the Playa Verde project, an advanced
copper tailings project focused on reprocessing metal rich historic tailings
which have accumulated onto a beach located in the Atacama region of Chile.
The project is a technically de-risked and in October 2025 received unanimous
approval for its EIA from the Chilean Government's Ministerial Committee.

Playa Verde has a JORC compliant resource of 53.4 Mt @ 0.24% Cu, which
includes reserves of 32.2 Mt @ 0.25% Cu, and is updating its DFS for dredging
and retreatment initially targeting the reserves of ore located on the beach
followed by up to a further 21 Mt of ore contained in the western berm and
shoreline area. The project is well placed with significant upside in securing
the rights to process up to a further ~100Mt of offshore potential resource
which originated from the same historical mining operations as the onshore
resource.

Halo Minerals plans to advance the Playa Verde project on an accelerated
timeline to production with funds raised expected to take the project to a
final investment decision. Financial analysis estimates operating costs of
only $2.19 per pound of copper produced, with the processing of the reserves
having an NPV10 of US$ 154.1 million and an IRR of 50.9% after tax from a 7
year life of mine to produce the 32.2 Mt of reserves (based on static
commodity price assumptions of $5.30/lb Cu and $4,300/oz Au).

The Company's philosophy is "Mining with a difference" working with the
community to detoxify the region, returning the re-treated beach back to the
local community whilst economically producing key strategic and battery metals
to the benefit of all stakeholders.

 

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