Professor de Tomi will head up Newlox’s Brazilian division to undertake market research and development, including the assessment of projects for Newlox Gold.
Newlox announced on June 16th, 2021, that the Company had entered the Brazilian market to develop future ESG-focused precious metals projects in partnership with local artisanal mining groups.
He leads the Centre for Responsible Mining, at the University of São Paulo in Brazil, as an associate professor and former Head of the Department of Mining and Petroleum Engineering.
De Tomi and the support of NAP.Mineração/USP, has identified two highly prospective areas suitable for the deployment of Newlox Gold’s ESG-focused precious metals processing plants.
Veiga, the Company has been developed a team focused on identifying and assessing expansion opportunities in Latin America, with Brazil at the heart of the endeavour.
We are excited to see Newlox Gold begin its growth program in 2021 and believe that an ambitious expansion in Brazil will be a significant milestone in the Company’s growth strategy.
The material risk factors that could cause actual results to differ include the risk that work undertaken by the Company may have unintended effects, the risk of delays in completing work, and the risk that the Company may not be able to raise sufficient funds and Force Majeure.
The Company advises it is not basing any decision to produce on a feasibility study of reserves demonstrating the economic and technical viability of the project and also advises there is increased uncertainty and specific economic and technical risks of failure associated with any production decision.