Drill Results
Panoro Minerals Completes Agreement with Community of Guaclle at the Cotabambas Cu/Au/Ag Project, Peru
Panoro reports high-grade copper intercepts of up to 1.2% over 4.5 metres at its Southern Peru exploration targets.

Executive Summary
- Panoro Minerals has finalized a surface access agreement with the Community of Guaclle for the Cotabambas Project in Peru.
- The agreement unlocks a 4 km² area at Target #7, characterized by high-grade skarn mineralization with surface samples returning up to 19% Cu.
- It authorizes a comprehensive technical program including wide-area geophysics (IP, magnetics, gravity), topographic surveys, geochemical mapping, and drill targeting.
- This marks the tenth community agreement at the project, reinforcing the company's social license and enabling exploration to run parallel to active drilling at Target #2 (South Pit).
- Environmental permits (Semi-Detailed EIA) remain valid until 2030.
- The company continues to target expansion of its high-grade resource base, currently comprising 129.0 Mt Indicated and 93.1 Mt Inferred at elevated grades.
Material Impact
- The announcement is a routine, expected follow-up to the March and April 2026 announcements detailing the 15,000m (later expanded to 45,000m) drilling program and the high-grade exploration strategy.
- Securing community access is a standard prerequisite for exploration in Peru and does not introduce new financial metrics, resource estimates, or development timelines.
- The news validates the company's long-term community relations strategy but does not materially alter the near-term investment thesis or stock valuation. It is incremental progress that supports the ongoing exploration narrative without triggering a re-rating.
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Company Overview
- Panoro Minerals is a pre-revenue exploration and development company focused on the 100% owned Cotabambas Copper-Gold-Silver Project in Southern Peru.
- The project features a 1.0 billion tonne resource with a high-grade core of ~222 Mt @ 1.2% CuEq.
- The strategy emphasizes a capital-efficient, high-grade starter pit with a low strip ratio (~0.65:1 to 1.3:1) and minimal environmental footprint.
- The project holds valid environmental permits until 2030 and benefits from strong regional infrastructure (roads, rail, power, ports).
- The company also holds a 10% equity interest in the Antilla Project, which serves as a financing milestone through option sales and royalty buybacks.
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Jul 07, 2026 · 16:02