TSXV: PGZ| OTCQX: PGZFF | FRA: 2EU

• Top tin pay attention grades of 63.2% at medication charges of 64% calculated from standard gravity processing
• Low ranges of penalty parts
• Gravity focus take a look at effects display vital supplementary tin recovered from the tails, expanding total tin medication by way of 10%
• Skillful tin metallurgy effects value-adding for Los angeles Romana economics

VANCOUVER, BC, Dec. 11, 2024 /PRNewswire/ – Pan World Assets Inc. (“Pan Global” or the “Company”) (TSXV: PGZ) (OTCQX: PGZFF) (FRA: 2EU) is happy to announce certain metallurgical take a look at effects from the second one segment tin metallurgy take a look at program, with the a success medication of supplementary tin from the gravity tailings on the Los angeles Romana copper-tin-silver discovery within the Escacena Challenge, southern Spain.

“The testwork on the La Romana mineralization continues to produce excellent metallurgy results for both copper and tin that stand out relative to other mines on the Iberian Pyrite Belt. The new metallurgy tests were highly successful, confirming that additional tin can be recovered from the gravity tails that would otherwise be lost. The tests show La Romana tin mineralization is well suited to conventional gravity separation to produce high-quality, marketable tin concentrate. These results further enhance our view that the tin mineralization could meaningfully add to the overall project economics and de-risking,” mentioned Tim Moody, Pan World’s President & CEO.

Key Effects:

• A top class high-grade tin pay attention is achievable the usage of standard gravity split-up tactics
• Extra tin pay attention will also be successfully recovered from the gravity tails nearest each rougher and cleaner level processing the usage of a shaker desk and Multi-Gravity Separator
• Tin medications of 63.9%, representing a ten% total build up on earlier estimates with supplementary tin recovered from the gravity tails
• Top tin pay attention grades of 63.2%
• Chemical research of the overall tin concentrates showed low ranges of deleterious parts corresponding to arsenic, mercury, and antimony that may incur refining consequences
• Easy processing flowsheet with standard gravity split-up for tin and flotation for copper requiring much less energy-intensive positive grinding in comparison to mines within the segment
• Metallurgy paintings has been executed to a degree sufficient for Initial Financial Evaluation
• Later steps may come with closed-circuit checking out, corresponding to pilot plant trials on greater volumes of subject matter to optimize pay attention grades and medications for pre-feasibility/feasibility research.

The testwork used to be performed by way of Wardell Armstrong World (United Kingdom), beneath the coordination and control of Minepro Answers SL (Spain). The untouched effects supplement the former certain metallurgy testwork on Los angeles Romana copper/tin/silver mineralization that confirmed the prospective to make majestic feature, blank, saleable copper pay attention by way of standard flotation, and make top class feature, high-grade tin pay attention with just right medications by way of standard gravity split-up (see media releases dated March 21, 2024 and April 3, 2024),

2nd Section Tailings Testwork Program for Tin

The aim of this program used to be to analyze the potential of improving supplementary tin from the positive fractions of the gravity tailings nearest preliminary processing, and likewise make stronger the whole potency of the medication procedure and economics of the mission.

Preliminary gravity split-up checks proved considerably simpler for improving tin from tailings in comparison to flotation modes. Evocative gravity split-up checks at the gravity tails had been after performed on two measurement fractions: coarser (-53+38 microns) and finer (-38 microns). The coarser fraction used to be processed the usage of standard shaker tables and the finer fraction used to be processed the usage of a Multi-Gravity Separator, to make tin concentrates nearest each rougher and cleaner phases, and recirculation to make stronger the whole medication potency. See Determine 1 beneath.

Closed-circuit interpretation effects

All of the metallurgical testwork to get well tin concentrates has been beneath open-circuit statuses the place a portion of tin is also misplaced or unaccounted for, both as middlings or tailings merchandise. Following the good fortune in improving supplementary tin from the finer fraction of the gravity tails, a pile stability calculation used to be carried out by way of Minepro to simulate what could be accomplished beneath closed-circuit statuses.

The pile stability calculation gave a projected ultimate tin pay attention grade of 63.2%, and tin medication charges of 63.9%. The calculation is in response to the open-circuit effects and indistinguishable deposits within the Iberian Pyrite Belt, assuming tin medications of 90% from the middlings and 25% from tailings. Those effects shall be verified in additional checking out, together with closed-circuit checking out, corresponding to pilot plant trials.

Concerning the Escacena Challenge

The Escacena Challenge incorporates a immense, contiguous, 5,760-hectare land package deal managed 100% by way of Pan World within the east of the Iberian Pyrite Belt. Escacena is positioned close the working mine at Riotinto and is instantly adjoining to the previous Aznalcóllar and Los Frailes mines the place Minera Los Frailes/Grupo México is within the ultimate allowing level to permit untouched mine development to start. The Escacena Challenge hosts Pan World’s Los angeles Romana copper-tin-silver and Cañada Honda copper-gold discoveries, and quite a few alternative potential objectives, together with, Bravo, Barbacena, El Pozo, Romana Norte, San Pablo, Zarcita, Hornitos, Los angeles Jarosa, Romana Deep, and Cortijo.

About Pan World Assets

Pan World Assets Inc. is actively concentrated on copper-rich mineral deposits, given copper’s compelling supply-demand basics and outlook for robust long-term costs as a crucial steel for international electrification and effort transition. The Corporate’s flagship Escacena Challenge is positioned within the prolific Iberian Pyrite Belt in southern Spain, the place a beneficial allowing monitor file, skillful infrastructure, mining {and professional} experience, and backup for copper as a Strategic Uncooked Subject matter by way of the Ecu Fee jointly outline a tier-one low-risk jurisdiction for mining funding. The Pan World workforce incorporates confirmed ability in exploration, discovery, construction, and mine operations – all of which can be dedicated to working safely and with extreme admire for the order and our partnered communities. The Corporate is a member, and operates beneath the foundations, of the United International locations World Compact.

Certified Individuals

Álvaro Merino, Vice President Exploration for Pan World Assets and a certified individual as outlined by way of Nationwide Device 43-101, has licensed the clinical and technical data for this media let fall. Mr. Merino isn’t detached of the Corporate.

Ahead-looking statements

Statements which don’t seem to be purely ancient are forward-looking statements, together with any statements referring to ideals, plans, expectancies, or intentions in regards to the year. It’s impressive to notice that untouched results and the Corporate’s untouched effects may vary materially from the ones in such forward-looking statements. The Corporate believes that the expectancies mirrored within the forward-looking data integrated on this media let fall are cheap, however deny guarantee will also be for the reason that those expectancies will turn out to be right kind and such forward-looking data must now not be unduly relied upon. Dangers and uncertainties come with, however don’t seem to be restricted to, financial, aggressive, governmental, environmental, and technological elements that can have an effect on the Corporate’s operations, markets, merchandise, and costs. Readers must the following the danger disclosures defined within the Corporate’s Control Dialogue and Research of its audited monetary statements filed with the British Columbia Securities Fee.

The forward-looking data contained on this media let fall is in response to data to be had to the Corporate as of the era of this media let fall. Excluding as required beneath appropriate securities regulation, the Corporate does now not intend, and does now not think any legal responsibility, to replace this forward-looking data.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

SOURCE Pan World Assets Inc.

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