Perpetua Resources said the United States Army Corps of Engineers has issued the final federal permit needed for its Stibnite gold project in Valley County, Idaho. Stibnite is projected to be one of the highest-grade open-pit gold mines in the country.
The Clean Water Act Section 404 permit “marks the culmination of eight years of permitting, scientific study, project refinement, and lots of hard work,” said Jon Cherry, president and CEO of Perpetua Resources. With receipt of the permit, the company is focused on finalizing the remaining state permits and securing project financing needed to begin construction.
Stibnite is positioned to deliver significant environmental and economic benefits to rural Idaho while enhancing national security. The project holds 4.8 million ounces of gold reserves and is expected to produce 450,000 oz. of gold annually over its first four years of production. It also holds an estimated 148-million-pound antimony reserve – the only identified antimony reserve in the U.S.
In April, the Stibnite project was selected by the Trump administration as a Transparency Project in response to a March Executive Order to bolster American mineral production and was included on the Federal Permitting Improvement Steering Council FAST-41 dashboard.
Source: Perpetua Resources