Latin Metals Announces Closing of Private Placement for Gross Proceeds of $0.7 Million - Seite 2

Recap of Key Projects and Strategic Initiatives for 2024.

Exploration Projects

Generative work is at the core of Latin Metals’ process and, in a sense, is the most important step. Identifying, acquiring, and advancing exploration projects must be done right to attract quality exploration projects.

• District-Scale Copper Exploration Initiative: Latin Metals continues to assemble district-scale exploration holdings prospective for sediment-hosted copper. The recently acquired 68,000-hectare Terraza Copper Project forms a significant part of Latin Metals’ broader exploration efforts, encompassing over 500,000 hectares dedicated to sediment-hosted copper exploration across the region. The Terraza Copper Project acquisition underscores our strategic commitment to discovering and developing large-scale copper resources, leveraging our extensive expertise and first-mover presence in this emerging and highly prospective belt.
• Project Pipeline: The Company is continually reviewing new opportunities for acquisition with a view to maintaining a healthy pipeline of projects. Companies or individuals holding projects in Peru or Argentina are invited to contact Latin Metals management via our website here.

Partner-Ready Projects

The Company has various projects available for option, some of which are summarized below. Each project has a dedicated presentation on the Latin Metals website here, which provides summary information, or detailed data can be reviewed under a confidentiality agreement. The Company aims in 2024 to secure quality option partners for each of the Esperanza, Cerro Bayo, and Lacsha projects.

• Esperanza Copper-Gold Porphyry, Argentina: The Esperanza copper-gold porphyry project is an advanced exploration project where more than $4.5 million dollars have been deployed by Latin Metals to explore the copper-gold potential of the project. More than 8,500m of diamond drilling have been completed in total, with the best intersection being 387m grading 0.57% copper and 0.27 g/t gold from the surface, with mineralization open for expansion at depth and in all directions. The Project is in San Juan Province at an elevation of less than 3,500m; it is drill-ready, road accessible, and can be worked year-round.

• Cerro Bayo Silver-Gold Epithermal, Argentina: Exploration completed by Barrick in 2022 and 2023 led to the definition of 8 drill target areas at Cerro Bayo. The project is located in Santa Cruz Province where exploration since 1990 has led to the discovery of almost 600 million ounces of silver and approximately 20 million ounces of gold.
• Lacsha Copper Porphyry, Peru: Since acquiring the Lacsha project through a staking initiative in Peru, the Company has efficiently moved the project through multiple phases of surface exploration, identified key drill targets, signed a 3-year agreement with local stakeholders, and secured a drill permit for testing of all targets.
• Copper Project Portfolio, Peru: In addition to the Lacsha project, Latin Metals has a diverse portfolio of exploration projects in Peru. These projects range from early-stage exploration to drill-ready and are available for option.

Organullo Project, Argentina