Ajax Resources (AQSE:AJAX) has formally submitted an Environmental Impact Assessment for the Macacha Copper and Silver Project in Salta, Argentina, unlocking the next regulatory step ahead of planned drilling. The company says formal EIA approval is expected within approximately 60 to 90 days.
Subject to that approval, Ajax Salta, Ajax’s wholly owned local subsidiary and holder of an exclusive option to acquire 100% of Macacha, will mobilise an exploration programme of up to 5,000 metres of drilling. The programme targets expansion of the near‑surface oxide resource and testing of a previously untested deeper copper sulphide horizon, supported by diamond‑sawn channel sampling and an extensive IP pole‑dipole survey.
Ajax confirms it is fully funded to execute the planned work. Site prep is complete: access road rehabilitation has finished, and the geological team has begun logging and re‑evaluating historical core to build a new geological model to underpin a JORC (2012) Mineral Resource Estimate.
Historic studies report significant scale: a 2004 JORC estimate of 6.6Mt at 0.62% Cu and 18g/t Ag (≈40,900t contained Cu and 3.8Moz Ag) and a 1997 legacy estimate of 44.7Mt at 0.8% Cu and 21.8g/t Ag; Ajax stresses these are historical and will be re‑classified only after further work.
"We are pleased to have met our targeted timeline for submission of the EIA for the Macacha Project in April 2026, following a comprehensive multi‑disciplinary effort by specialist consultants," Ippolito Ingo Cattaneo, Chief Executive Officer, said. He added that the company aims to commence drilling within the next 90 days, subject to EIA approval.
