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AbraSilver Awards Bridging Engineering Contract to Worley, Advancing Diablillos Toward a Construction Decision

AbraSilver’s Worley engineering contract advances the Diablillos project toward a 2027 final investment decision, de-risking the $3 billion net present value development.

By The Northwire Desk — AI Analysis Aug 27, 2026 · 07:31 ABRA · 16.06 AbraSilver Resource Corp.

Executive Summary

AbraSilver Resource Corp. has awarded a Limited Notice to Proceed to Worley for the bridging engineering phase of the Diablillos project. The scope of work encompasses engineering design, technical studies, procurement, cost estimates, scheduling, permitting support, and planning for site camp accommodations. Due to the high-altitude, remote location of the project, the phase places a specific focus on modular construction options.

This engineering phase builds on the 2025 Definitive Feasibility Study to de-risk the project and support a Final Investment Decision targeted for Q2 2027. Key personnel involved in the initiative include COO Jeremy Weyland, newly appointed Project Director John Naisbitt, and Worley’s LATAM SVP Andrea Casciano.

Material Impact

AbraSilver Resource Corp. (ABRA) announced a routine, expected step in its project development timeline following the completion of the definitive feasibility study (DFS) and final environmental approvals. The announcement confirms management’s commitment to the Q2 2027 final investment decision (FID) target and maintains momentum toward construction.

No new financial, operational, or jurisdictional surprises are introduced; the news aligns perfectly with prior guidance and the established development roadmap. The market has already priced in the DFS and permitting success. This engineering contract is incremental and does not materially alter the fundamental investment thesis or valuation model.

ABRA · Price

Company Overview

AbraSilver Resource Corp. (ABRA) is a silver-gold development company focused on the 100%-owned Diablillos project in the Puna region of Argentina, which straddles the provinces of Salta and Catamarca. The Diablillos project is a conventional open-pit, tank leach operation featuring a 9,000 tpd processing facility.

A DFS dated June 2026 highlights a $3.0B USD after-tax NPV5% and a 41.9% IRR at base-case metal prices of $50/oz Ag and $3,650/oz Au. The project’s life-of-mine AISC is approximately $20/oz AgEq, with a 1.7-year payback period.

The company also holds a secondary project, La Coipita (Cu-Au-Mo), under an earn-in JV agreement with Teck Resources. Additionally, RIGI approval secured in March 2026 provides long-term fiscal stability, including a 25% corporate tax rate and 0% export duties.

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AbraSilver Awards Bridging Engineering Contract to Worley, Advancing Diablillos Toward a Construction Decision

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