Hannan Submits DIA to Drill Peru's First Alkaline Epithermal Gold-Copper Discovery at Previsto

Hannan Metals Limited has submitted its Environmental Impact Statement (DIA) for the 100% owned Previsto gold-copper project in Peru to the DGAAM. This submission represents the primary regulatory step required to secure drilling permits in the country, with final regulatory approval anticipated in Q1 2027.

The company plans a maiden drill program comprising 18 platforms and 7,650 meters of diamond drilling across the Previsto Central and Inca Garcilazo prospects. Previsto is characterized as Peru's first documented alkaline epithermal gold-copper system, with geological analogues to Porgera in PNG and Cripple Creek in Colorado. Community approval and archaeological clearance (CIRA) have been secured, clearing the final social and environmental hurdles prior to drilling.

This development follows the completion of a maiden 1,040-meter drill program at the Swedish Stavatrask project in early July 2026, with assay results expected imminently.

Hannan Metals Ltd. (HAN) submitted its Draft Environmental Impact Assessment (DIA) on schedule, aligning with management’s June 2026 guidance that the environmental application would be filed in the second quarter of 2026. The submission de-risks the permitting timeline, though it does not guarantee immediate capital appreciation, as the market has already priced in the progression toward drilling through consistent channel sampling updates over the past several months.

Drilling remains more than six months away, with assay results not expected until late 2027. The news does not contain genuinely new, unexpected information that would materially shift the valuation or timeline. Dilution risk remains elevated due to a Swedish option agreement requiring the issuance of up to 4.5 million shares to complete the earn-in, alongside potential future equity raises to fund the 7,650-meter drill program and ongoing operations.

Hannan Metals Ltd. (HAN) is a pre-revenue junior explorer focused on the Valiente project in Peru, which encompasses the Previsto and Belen prospects. Previsto serves as the flagship asset, identified as a district-scale alkaline epithermal gold-copper system. Recent channel sampling has expanded the high-grade footprint to over 13 km of strike, with continuous mineralization and peak grades up to 11.2 g/t Au.

The Belen prospect has undergone early-stage drilling testing porphyry and epithermal targets, with modest but geologically significant intercepts. The company recently expanded its portfolio with a 100% option to acquire three Swedish gold projects (Stavatrask, Skellefteå North, Adelfors) in the Tier-1 Skellefteå district, providing near-term exploration optionality with minimal upfront cash.