Hispania visits Lumbrales, meets mayor

Executive Summary

• Hispania Resources completed a site visit and meeting with Lumbrales Mayor Carlos Pedraz regarding the Mari Tere past-producing mine.
• The Mayor expressed 100% support for the project, highlighting anticipated direct and indirect job creation and the company's adherence to environmental and societal practices.
• The municipality is planning "concentration planning" to reclassify the former mine area from strategic mining land to industrial land, a process the Mayor stated would be straightforward with no municipal difficulty.
• The Mayor confirmed there would be no issues obtaining water for drilling works from the deposit via hose connection.

Key Details

• Site Visit: Hispania Resources team visited the Lumbrales site and met with Mayor Carlos Pedraz and the city's political community.
• Project Discussion: The team reviewed the project's next phases, the intended program under the current permit, and proposed drill locations.
• Mayor's Support: Mayor Pedraz stated he supports the project 100% and noted the project will bring direct and indirect jobs to the area.
• Land Reclassification: The municipality is in the process of "concentration planning." The former Mari Tere mine area is currently classified as strategic mining land; reclassification to industrial land is expected to be straightforward with no municipal difficulty.
• Water Access: The Mayor confirmed no issue in obtaining water for drilling works from the deposit by running a hose from the pump to the drill locations.
• Company Focus: Hispania is focused on three core assets in Spain: the Otero copper/zinc project, the Lumbrales tin project, and the Puebla de la Reina copper/zinc project.

Notable Quotes

• Norman Brewster, CEO: "Our team is very pleased with our meetings in Lumbrales and particularly with Mayor Pedraz and his team. We believe having a supportive government and community is as key to a mine's success as is the commodities present, and this is a great time for tin and Lumbrales. Mayor Pedraz has been exceptionally helpful, and we appreciate the work of his team and of Lumbrales. We are excited to see the works to come at site and take the Mari Tere past-producing mine forward."