KEY POINTS
Pan Global's Escacena Project comprises a significant land package covering more than 13,000 hectares, immediately neighbors the Aznalcóllar and Los Frailes projects being developed by Grupo México, and is 12km to the west of Resource Capital Fund’s Cobre Las Cruces Mine. Atalaya’s operating Riotinto Mine is 23km to the northwest. At Escacena, the 2026 drill program aims to grow the copper resource base with new discoveries at the target-rich Project. The Escacena Project includes Mineral Resource Estimates at the La Romana copper-tin-silver and Cañada Honda copper-gold deposits, and hosts 15 other prospective targets for follow-up.
The 2026 drill program aims to grow Pan Global’s copper resource base through targeted, high-confidence exploration drilling to discover new mineralization. Up to 15 untested targets have been identified for follow-up, with drilling also planned at the Cortijo target at Escacena North and the Trinidad and Carmen targets on the newly awarded Escacena South property. Drilling will also test for extensions to the La Romana (copper-tin-silver) and Cañada Honda (copper-gold) deposits.
Escacena Project Maiden Mineral Resource Estimates
La Romana
• Measured and Indicated: 32.4 Mt at 0.37% Cu, 270 ppm Sn, 1.7 g/t Ag, 0.44% CuEq (119.5 kt Cu, 8.8 kt Sn, 1.7 Moz Ag) – at 0.2 % copper cutoff grade, and
• Inferred: 4.0 Mt at 0.40% Cu, 71 ppm Sn, 1.4 g/t Ag; 0.42% CuEq (15.8 kt Cu, 0.3 kt Sn, 0.2 Moz Ag) – at 0.2% copper cutoff grade.
Cañada Honda
• Inferred: 5.0 Mt at 0.65 g/t Au, 0.14% Cu, 1.2 g/t Ag; 0.74 g/t AuEq (104 koz Au, 6.8 kt Cu, 0.2 Moz Ag) – at 0.25 g/t gold cutoff grade.
For details and additional technical disclosure, please see the Technical Reports section of the Escacena Project page as well as all filings made to the Company profile on SEDAR+.
In March 2024, Pan Global released the second phase of copper metallurgy results for La Romana, indicating excellent recoveries of 88% copper and concentrate grades of up to 32.5% copper, with payable silver content and low deleterious elements. The positive results advanced La Romana to the preliminary design phase of the metallurgical process. In April 2024, the Company reported positive tin metallurgy results for La Romana, concluding that the deposit mineralization is amenable to producing high-quality tin concentrate using conventional gravity separation. Tin concentrate grades of 63.2% tin and 58.1% recovery were achieved. The outstanding copper and tin metallurgy test results are an important de-risking milestone for the La Romana deposit.
BEST IN IBERIAN PYRITE BELT METALLURGICAL RESULTS
REFERENCES:
Atalaya Mining plc
RARE HIGHLY PROSPECTIVE GREENFIELD PROJECT IN A WELL-DEVELOPED DISTRICT
In June 2023, the discovery holes at the Cañada Honda copper-gold deposit were announced and subsequent drillholes have expanded on the results, indicating an upper gold zone and deeper zone of copper-gold mineralization at the edge of a large untested DHEM conductor anomaly. The Downhole Electromagnetic (DHEM) conductor and adjacent 3km-long gravity anomaly expands the size potential at Cañada Honda significantly. Cañada Honda has consistently produced drillhole assay results with the highest gold grades detected in the Escacena Project area to date, a potentially significant addition to the copper equivalent grade.
The Los Frailes Mine adjacent to the Escacena Project received notice of its Unified Environmental Authorization in July 2024; On May 30, 2025 the Mine received its exploitation permit approving the start of construction and pre-development work including construction of a water treatment facility. Construction and mine development is expected to take up to three years. The €450 million project includes a new processing facility and is expected to create about 2,000 direct and indirect jobs with an initial resource of 45 million tons of copper, zinc, and lead with an initial mine life of 17 years.
La Romana Discovery – rare copper-tin-silver deposit in the Iberian Pyrite Belt
Current:
History:
Cañada Honda Discovery – a gold-copper discovery where we've just scratched the surface of a 3km target
Current:
In June 2023, the discovery holes at the Cañada Honda copper-gold deposit were announced and subsequent drillholes have expanded on the results, indicating an upper gold zone and deeper zone of copper-gold mineralization at the edge of a large untested DHEM conductor anomaly. The Downhole Electromagnetic (DHEM) conductor and adjacent 3km-long gravity anomaly expands the size potential at Cañada Honda significantly. Cañada Honda has consistently produced drillhole assay results with the highest gold grades detected in the Escacena Project area to date, a potentially significant addition to the copper equivalent grade.
Álvaro Merino P.Geo., Pan Global’s Vice President, Exploration, and a qualified person as defined by National Instrument 43-101, has reviewed the technical information that forms the basis for this webpage.
