The court cited recent technical opinions issued by Brazil's National Indigenous Peoples Foundation (FUNAI) and a report from the Federal Public Prosecutor's Office in its judgment, a statement said.

Belo Sun had requested that the Federal court recognize a prior ruling from the Federal Court of Appeals, which had allowed the construction license for the Volta Grande Gold Project on the completion of the indigenous component study based on primary data, and the conduct of prior, free, and informed consultation with the affected indigenous communities.

"Belo Sun believes that the Court's interpretation differs from the requirements originally established by the relevant authorities, with which the company considers itself to be fully compliant. The company had anticipated this outcome as one of several possible scenarios and does not consider it to affect the underlying merits of the project or the strength of our permitting framework. Rather, it represents another procedural step for the company to work through," said chief executive Clovis Torres.

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