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Overview

26,000 Hectares: Largest Mineral Exploration Portfolio in EU

  • +26,000 combined hectares in the heart of the Iberian Pyrite Belt is the biggest exploration land package in the area, with our flagship project - Iberian Belt West - containing a 7,967 hectare package (additional extension of 3,714 pending) plus Nuevo Tintillo at 14,500 hectares
 

Major Resource Expansion at IBW - Now 25.76 Mt Across Three Deposits

  • Significant and growing polymetallic resource estimate at IBW with 25.8 Mt across La Romanera, La Infanta, and El Cura, including recent 35% increase in Indicated and 44% increase in Inferred tonnage from our maiden resource, and strong copper-gold additions from the new El Cura deposit.
  • IBW now hosts 783,000 oz gold, 40 million oz silver, 547,000 tonnes zinc, 269,000 tonnes lead, and 94,000 tonnes copper in Indicated resources, with an additional 168,000 oz gold, 12.3 million oz silver, 221,000 tonnes zinc, 102,000 tonnes lead, and 49,000 tonnes copper in Inferred resources
 

Proximity to Nearby Producers in a Prolific Mining Jurisdiction

  • Our IBW project is only 63KM from the Neves-Corvo Mine (Lundin), 40KM from the Aguas Teñidas Mine (MATSA/Sandfire), 59KM from the world-famous Rio Tinto Mine, and 105KM from the Minas Las Cruces Mine (First Quantum). IBW is also only 74KM from our Nuevo Tintillo site
  • The Iberian Pyrite Belt's mining history dates back to 8th century B.C. and is one of the world's greatest regions hosting polymetallic mineral deposits with over 250 known deposits currently in the belt
 

Significantly De-Risked Flagship Asset

  • IBW was granted the "designation of strategic interest" by the local Andalucian government, which will fast-track the permitting and administrative process needed to advance the project
  • Recent metallurgical Phase 2 results and ongoing optimization continue to define and demonstrate grade, recovery, and processing at IBW

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