#Spain #Pan Global #La Romana #Tin Recoveries

Pan Global Reports Significant Tin Recovery Gains

In its latest announcement, Pan Global Resources Inc. showcased remarkable progress in its metallurgical testing program at the La Romana project, located in southern Spain. The results, stemming from the second phase of the program, reveal not only high tin concentrate grades but also a noticeable increase in overall tin recovery rates.

Pan Global, operating under the ticker symbols TSXV: PGZ, OTCQX: PGZFF, and FRA: 2EU, highlighted that the metallurgical tests achieved a tin concentrate grade of 63.2% with a recovery rate of 64% through conventional gravity processing. This outcome indicates a substantial enhancement in tin recovery, with an additional 10% extracted from previously overlooked gravity tailings. Tim Moody, President and CEO of Pan Global, shared his optimism, stating, "The new metallurgical tests have confirmed that we can extract further tin from the gravity tailings that would otherwise be lost."

Key Outcomes

• - The results illustrate the effectiveness of conventional gravity separation techniques in yielding a high-quality tin concentrate.
• - The testing showed minimal harmful elements such as arsenic, mercury, and antimony in the concentrates, alleviating concerns about penalties during refining.
• - The initial findings indicate that the operational processing scheme is efficient, requiring less intensive grinding compared to other mines in the Iberian Pyrite Belt.

These metallurgical advancements are crucial for assessing the project's overall economics and potential profitability. As part of future endeavors, Pan Global is considering pilot tests with larger material quantities to further optimize recovery efficiency and concentrate grades for upcoming feasibility studies.

The Escacena Project

Located within the prolific Iberian Pyrite Belt, the Escacena project spans an extensive 5,760 hectares, fully owned by Pan Global. The project is strategically positioned near active mining operations, providing rich infrastructure and a favorable regulatory environment for mining investments.

La Romana and Cañada Honda are both significant discoveries within the project, with additional prospects such as Bravo, Barbacena, and others awaiting further exploration.

Pan Global Resources is focused on copper-related mineral discoveries, capitalizing on the positive supply-demand dynamics in the copper market as it plays an essential role in the global electrification and energy transition efforts.

The technical oversight of this ambitious metallurgical program involved collaboration with Wardell Armstrong International from the UK, under the guidance of Minepro Solutions SL based in Spain. Their expertise has been instrumental in navigating the complexities of tin and copper mineralization within the La Romana deposit.

Future Prospects

Moving forward, the company aims to refine their processes through closed-loop testing, with projections anticipating even higher concentrate grades based on established benchmarks from similar deposits in the region. The latest results feed into a broader strategy to develop the Escacena project into a key player in the European mining landscape, especially concerning copper and tin recovery.

As the demand for copper increases in parallel with the green transition, Pan Global is well-positioned to capitalize on this trend, bolstered by their experienced team of mining professionals committed to environmentally secure operations and community engagement. The company's dedication to sustainable practices and responsible mining reflects its participation in the UN Global Compact principles.

In summary, the outstanding metallurgical results from Pan Global's operations at La Romana underline both the viability of their projects and their potential to contribute significantly to the strategic minerals market in Europe.