BRIEF

on Aclara Resources Inc. (isin : CA00461M1032)

Aclara Resources Inc. Assigns Pre-Feasibility Study of Carina Module to Hatch Ltd.

TORONTO, ON / ACCESSWIRE / May 6, 2024 - Aclara Resources Inc. (TSX:ARA) announced the selection of Hatch Ltd. for the Carina Module Pre-Feasibility Study. Hatch, a renowned global consultancy with expertise in engineering and development, operates across 17 countries and has garnered recognition in the Engineering News-Record rankings.

The study aims to determine the best project configuration, paving the way for the consequent Feasibility Study. Completion of the pre-feasibility phase is expected by the second half of 2025, with the Feasibility Study to follow by mid-2026, abiding by National Instrument 43-101 Guidelines for mineral projects.

Aclara’s COO, Barry Murphy, expressed enthusiasm about partnering with Hatch, particularly for their experience in Brazil and their capability to design efficient mining and processing facilities. The partnership is viewed as pivotal for advancing Aclara's rare earths deposit project in Brazil.

R. E.

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