Aftermath Silver begins Berenguela prefeasibility study
Aftermath Silver pivots from explorer to engineer as Berenguela transitions to Pre-Feasibility stage
The most recent news (February 12, 2026) announces the formal commencement of a Pre-Feasibility Study (PFS) for the Berenguela silver-copper-manganese project in Peru. This follows a high-confidence 82-hole infill drilling program completed in 2025 and a substantial C$20 million equity financing closed in late 2025. The study will be led by newly appointed COO Danny Keating and a group of yet-to-be-named engineering consultancies. Concurrently, the company is maintaining exploration momentum with drilling at the Challacollo silver project in Chile.
This announcement is a material positive milestone as it signals the transition of the company from a pure explorer/resource-aggregator to a project developer. - De-risking Milestone: Moving from a Mineral Resource Estimate (MRE) to a PFS is the first step in proving the economic viability of the project. - Capital Readiness: The timing is significant; the company successfully secured 100% of the project from SSR Mining in January 2026 and closed the funding required to see this study through to completion. - Management Alignment: The appointment of Danny Keating (February 2, 2026), who has specific experience in high-purity manganese projects, aligns the internal leadership with the project's primary economic driver (Manganese). - Economic Context: While silver and copper are secondary to the value (combined ~24%), the manganese component accounts for 75% of the projected relative value, making the PFS results for High Purity Manganese Sulphate (HPMSM) critical.
Aftermath Silver is a Latin American developer focused on silver and "green energy" metals (Copper and Manganese). - Flagship Project: Berenguela (Puno, Peru). It is an Ag-Cu-Mn carbonate replacement deposit. - Status: 100% owned following a final payment to SSR Mining in early 2026. - Key Stats: M&I Resource of 122.5 Moz Silver and 717 Mlb Copper. - Primary Economic Driver: High-Purity Manganese Sulphate Monohydrate (HPMSM) for the EV battery market.