Pitarrilla

100%-owned silver-lead-zinc project in Durango State, Mexico, acquired in 2022. Comprises open-pit (Oxide & Transition) and underground (Sulphide) zones. 2025 activities focused on advancing technical studies, infrastructure rehabilitation, environmental baseline campaigns and permitting (Land Use Change permit executed). 2025: 42 diamond drill holes / ~7,333 m + ~670 m underground development. 2025 exploration cost $6.2M + $2.8M evaluation/non-capital. Project advancing toward development-stage studies.