Latin Metals optionee to begin drilling at Organullo

Executive Summary

• AngloGold Ashanti will commence a Phase I drill program at the Organullo gold project in Salta Province, Argentina, consisting of 10 holes and ~6,000 m.
• The program is part of an option that could give AngloGold Ashanti up to an 80% interest in Latin Metals’ Organullo, Ana Maria, and Trigal projects.
• First drill results are expected in Q1 2026; the company also secured rights to the adjacent Malena VII property, expanding the area covered by the existing option.

Key Details

• Drill Program: 10 holes, approximately 6,000 metres total depth/length.
• Timeline: Drilling to begin shortly; first results anticipated in Q1 2026.
• Option Structure: AngloGold Ashanti holds an option to earn up to an 80% interest in the Organullo, Ana Maria, and Trigal gold projects owned by Latin Metals.
• Target Geology: Focus on three previously unexplored advanced argillic alteration zones along a six‑kilometre strike length; analogized to the Tier 1 Salares Norte discovery (≈3.4 Moz @ 5.36 g/t Au).
• Supporting Data: District‑scale geophysical anomalies, structural interpretation, surface geochemical data, and hyperspectral data indicate strong gold potential.
• Malena VII Acquisition: Rights secured for the Malena VII mining property, contiguous with Malena VI and the Organullo project; will be included in the existing AngloGold Ashanti option.
• Qualified Person: Eduardo Leon (NI 43‑101 qualified) reviewed and approved the scientific and technical information disclosed.

Notable Quotes

“Organullo is one of the most compelling untested gold exploration targets in South America… this drill program will provide the first real test of this potentially large‑scale gold system.” – Keith Henderson, President & CEO, Latin Metals.