Carangas

Polymetallic silver-zinc-lead-gold project. Located approximately 180 km southwest of Oruro and within 50 km of the Chilean border. Property covers 40.75 km2 across three exploration licenses held through a 98% interest in a private Bolivian company. November 2024 PEA outlines a 16-year LOM producing ~106 Moz Ag, 620 Mlb Zn, and 382 Mlb Pb with initial capital costs of $324 million and an after-tax NPV5% of $501 million. Permitting progress remains contingent on community consent and AMC conversion.