Galantas Gold Corporation (AIM:GAL) has selected M3 Engineering & Technology Corporation to lead a preliminary economic assessment (PEA) and oversee relocation of a crushing plant from Mexico to its Andacollo Gold Project in Chile's Coquimbo Region.
The Toronto and AIM-listed miner owns 100% of Andacollo Gold, a permitted, past-producing heap-leach operation with existing infrastructure including open pits, solution ponds, an adsorption, desorption and recovery (ADR) plant, and established power and water supply.
The acquired crushing plant has a stated design capacity of approximately 20,000 tonnes per day, subject to confirmation through engineering review.
Alongside M3, Chile's NCL Ingeniería y Construcción is advancing mine design and production schedules, while STRACON is providing input on mining costs, fleet requirements and execution planning.
A full condition assessment of the ADR plant has been completed, with cleaning, repair and sandblasting work already under way, and long-lead items have been purchased as procurement packages move into execution.
Chief executive Mario Stifano said Andacollo Gold is "a permitted brownfield restart with low capital intensity supported by an established Mineral Resource Estimate", adding that priorities remain "safe execution, capital discipline and cost control" as the company works toward a potential restart.
The company said existing infrastructure and the relocated crushing plant should lower capital intensity and reduce execution risk compared with a greenfield build, with its current budget and financing expected to support the planned restart activities.
No production decision has been made; any restart remains subject to further technical, operational and financial review, and board approval.
The PEA is targeted for completion in the fourth quarter, ahead of a planned restart in the first quarter of 2027.
