Pan Global receives rights of blocks adjoining Escacena

Executive Summary

• Pan Global Resources was awarded three contiguous mineral‑rights blocks (Flores, Rosario, Girasoles) adjoining its 100 % owned Escacena project, increasing the landholding by ~74 % to >10,000 ha.
• The new area (4,245 ha) lies on a highly prospective segment of the Iberian pyrite belt and contains multiple strong gravity‑anomaly targets similar to those that led to the La Romana copper‑tin‑silver discovery.
• Drilling continues at La Romana, Bravo and Providencia targets, with a maiden resource estimate for La Romana slated for completion by year‑end 2025; additional permits are pending that could raise total holdings to ~13,900 ha.

Key Details

• Awarded Mineral Rights:
• Flores – 1,879.8 ha
• Rosario – 636.7 ha
• Girasoles – 1,728.5 ha
• Total New Area: 4,245 ha, expanding Escacena from 5,760 ha to >10,000 ha (≈74 % increase).
• Location: Iberian pyrite belt, southern Spain; adjacent to major operators First Quantum, Grupo México, Sandfire, Atalaya.
• Historical Data: Area previously surveyed by Exxon (early‑1980s) and Rio Tinto (1990s); gravity anomalies and limited base‑of‑cover sampling indicate copper mineralization potential.
• Exploration Focus: Untested gravity targets will be prioritized once required permits are secured.
• La Romana Resource Estimate: Contractor selected; maiden estimate on track for completion by end of 2025.
• Current Drilling Programs:
• Two rigs operating at La Romana and Bravo to expand the copper‑tin‑silver deposit and test the Bravo target.
• Initial four Bravo holes did not intersect the source of a strong IP chargeability anomaly; three additional holes planned on revised gravity/IP targets.
• Follow‑up drilling slated for Providencia (gold, copper‑nickel‑cobalt) in the Carmenes project.
• Future Permit Applications: Four additional investigation permits covering 3,888 ha (Inmaculada, Santa Isabel, Santa Micaela I & II) submitted; total prospective holdings could exceed 13,900 ha.

Notable Quotes

“The award of the new mineral rights provides Pan Global access to one of the most promising areas for discovery of large VMS deposits… Several strong gravity anomaly targets have already been identified within the new mineral rights and will be the focus for initial exploration.” – Tim Moody, President & CEO

“The new mineral rights adjacent to Escacena greatly enhance the potential to make additional discoveries and help achieve the goal of a cumulative 100 million tonnes of potentially economic mineral resources.” – Tim Moody, President & CEO