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La Romana Tin Deposit Elevates Project Economics with Exceptional Metallurgical Results

A Breakthrough in Tin Concentration at La Romana

VANCOUVER, BC, April 3, 2024 – Pan Global Resources Inc. (TSXV: PGZ | OTCQX: PGZFF | FSE: 2EU), a forward-looking mineral exploration company, has proudly disclosed the highly promising outcomes of their metallurgical testing endeavors for tin separation at their distinguished La Romana copper-tin-silver discovery within the Escacena Project in southern Spain. Sharing news that bears significant industrial and economic implications, the company conveyed that a prime high-grade tin concentrate could be realized through the adoption of a simple gravity separation approach.

The results of these tests not only offer a substantial enhancement to the value of the project but also serve as a pivotal de-risking event, bringing La Romana closer to a comprehensive economic appraisal and further development.

Quality and Recovery: A Benchmark in Tin Concentration

In what comes as a significant technological success, the conducted tests yielded exceptionally high tin concentrate grades of 63.2% Sn, at an impressive recovery rate of 58.1%. This surpasses general industry standards, where modern tin mining operations typically target concentrate grades between 50-55% Sn. These results are instrumental in establishing the potential of the project to generate additional economic value, enhancing overall project viability.

The Path to Premium Tin Concentrates

With a dedicated team leveraging conventional gravity separation methodologies, Pan Global has successfully demonstrated that it's feasible to obtain superior tin concentrates from the La Romana mineralization. Details of the procedures and outcomes are housed in the March 21, 2024, media release available on the company's website, which assures investors and stakeholders of Pan Global’s commitment to innovation and excellence.

Figures: The Visual Testament

Illustrative of Pan Global’s meticulous approach, Figure 1 offers a detailed visual representation of sample locations for the metallurgical testing, depicting a coherent >0.05% Sn grade shell outline. This visual aid enunciates the expansive mineralization strike length, which traverses 1.4km east-west from the surface and remains open for expansion both along strike and at depth.

Figure 2, on the other hand, presents a conceptual diagram for the tin gravity and flotation circuit, illustrating the sophisticated processes engineered by MINEPRO in 2024, integral to the realization of these substantial tin concentrations.

Outstanding Metallurgical Achievements: A CEO's Perspective

Pan Global's esteemed President & CEO, Tim Moody, expressed profound satisfaction with the results from the La Romana tin metallurgy program. He highlighted that the exceptionally suited mineralization for gravity separation leads to producing premium tin concentrates that can potentially redefine the project's economic landscape. Equally important, the exemplary copper and tin metallurgy results mark a critical de-risking progression for the esteemed Escacena Project.

The Scientific Rationale: In-depth Exploration of Test Results

A collaborative effort was made by Wardell Armstrong International from the United Kingdom and Minepro Solutions SL from Spain, leading to detailed revelatory findings that encapsulate the project’s promise. A snapshot of their discoveries includes:

• The compatibility of La Romana’s mineralization with conventional methods to yield marketable tin concentrates.
• The medium hardness of the sample signified by the Bond Ball Mill Work Index.
• Mineral assays revealed notable percentages of both tin and copper.
• Almost unanimous cassiterite presence, being the quintessential ore for tin recovery.
• Refined particle size analysis suggested cassiterite concentration was exceptionally high in certain micron ranges.
• The tin concentration flowsheet entailed segregation via flotation, followed by precision gravity separation, and a final flotation stage for tin recovery.

The sequence yielded an admirable projective closed-circuit outcome, revealing the potential for high-grade tin concentrates and an appreciable recovery rate.

Forthcoming Focus: Optimization and Design

Amid these positive developments, Pan Global aims to engage in additional testing to confirm the results and to further improve both recovery rates and concentrate quality. Planned studies hope to refine the processes involved in tin and copper separation, laying the groundwork for subsequent design and cost studies.

The Escacena Project: Geographical and Economic Synopsis

The Escacena Project encompasses an expansive 5,760-hectare land holding, entirely under Pan Global’s jurisdiction, situated in the resource-rich Iberian Pyrite Belt. Positioned in proximity to the operational Riotinto mine and near the imminent construction site of Minera Los Frailes/Grupo México, the project carries immense strategic significance.

The domain proudly hosts several promising prospects, including the La Romana copper-tin-silver and Cañada Honda copper-gold discoveries, amid a suite of other mining targets due to unveil their potential in due course.

Pan Global Resources: A Visionary in Copper Exploration

The manifesto of Pan Global Resources epitomizes the quest for copper-bearing mineral deposits, considering the critical role that copper plays in the global transition to renewable energy sources. The Escacena Project, dwelling in the heart of the Iberian Pyrite Belt, benefits from Spain's robust infrastructure, professional mining expertise, and cohesive legislative and societal support. Pan Global, aligning with the standards of the United Nations Global Compact, ensures that their aspiration for copper does not overshadow their commitment to environmental stewardship and community welfare.

A Deft Team Guided by Professional Acumen

Emphasizing the integrity and precision of their operations, Pan Global has entrusted Álvaro Merino, the Vice President of Exploration and a qualified personality as defined by National Instrument 43-101, with the certification of the scientific and technical content of the media release. Mr. Merino’s endorsement substantiates the credibility and expectancy attached to the company’s disclosures.

Looking Forward: A Statement of Expectation and Caution

In lieu of historical data, Pan Global extends forward-looking statements that underpin their ambition and foreshadow future prospects. While the company maintains confidence in these projections, they equally recognize the sway of economic, competitive, and environmental factors on potential outcomes. The information provided serves as an articulate forecast, not an assurance, calling investors to exercise due diligence.

Readers are encouraged to acquaint themselves with the detailed risk disclosures laid out in the company's publicly filed Management Discussion and Analysis to fathom the full spectrum of inherent uncertainties.

In Conclusion: La Romana's Future Outlook

Pan Global Resources Inc. reiterates its meticulous approach towards advancing the La Romana deposit and the broader Escacena Project. The technical acumen and strategic foresight instilled by the company's team paint a sanguine future for its stakeholders. As they tread on this path of progress, documented by the news release, their journey is marked by an unwavering commitment to sustainability, community engagement, and operational excellence.

Investors and industry observers alike now keenly await the next chapter in La Romana's tale of innovation, economic enrichment, and resourceful revelation.

Acknowledgment and Regulatory Compliance

As a gesture of transparency, Pan Global Resources Inc. acknowledges compliance with the regulatory instructions set by the TSX Venture Exchange and its affiliated services. Such adherence ensures the integrity and accountability of their operations, rendering their pursuit of growth and evolution as socially responsible and industrially commendable.

This rich bed of information is echoed across the company’s statements and substantiated by the trove of facts and figures that they have shared, portraying the La Romana copper-tin-silver discovery as a forthcoming resource phenomenon of cardinal significance.

Disclaimer: Statements regarding the future outlook and potential of the Escacena Project constitute forward-looking statements under securities legislation. For more information on risks and uncertainties, please review the complete forward-looking statement contained within the provided media release.

For more details and to stay abreast of the latest developments, prospective investors and interested parties are encouraged to refer to the full media statement released by Pan Global Resources Inc., which serves as a testament to their dedication and foresight in the realm of mineral exploration and project development.

Pan Global Resources Inc. Media Release - March 21, 2024

Stay tuned as Pan Global Resources Inc. continues to unlock the latent potential of La Romana, leading the charge in innovative, sustainable, and economically valuable mineral exploration in the heart of Spain.

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