#Colombia #Denarius Metals #Zancudo Project #Titiribí

Denarius Metals: A New Dawn for the Zancudo Project

Denarius Metals Corp., a prominent mining company, has recently shared exciting news regarding its 100%-owned Zancudo Project, located in Colombia. The company has released the results of a Preliminary Economic Assessment (PEA), indicating not just viable but promising economic expectations for this high-potential site, which includes the historic Independencia Mine, situated approximately 30 kilometers southwest of Medellin.

Key Highlights of the PEA

The PEA, which complies with the standards set by the Canadian Institute of Mining Metallurgy and Petroleum (CIM) and remains in line with National Instrument 43-101 (NI 43-101), reveals that the Zancudo Project could yield a phenomenal revenue of around $2.0 billion over an estimated 11-year mine life. This projection is based on an expected production of 466,000 payable ounces of gold and 2.2 million ounces of silver, all while maintaining a life-of-mine all-in sustaining cost (AISC) of $2,482 per ounce for gold.

Serafino Iacono, the Executive Chairman of Denarius Metals, expressed his enthusiasm, stating that the updated PEA confirms the potential profitability of the Zancudo Project, particularly as it continues its operations in an attractive precious metals market.

Detailed Metrics of the Project

The mining and processing operations forecast a total of 3.3 million tonnes of material processed, which is expected to yield 619,000 gold ounces and 7.2 million silver ounces. The project's AISC of $2,482 per ounce of payable gold is predicated on a long-term price forecast of $4,000 per ounce of gold and $50 per ounce of silver. Furthermore, the project has been rated with an extraordinary after-tax Internal Rate of Return (IRR) of 558%, ensuring a payback period as short as one year.

Construction and Development Progress

Currently, Denarius Metals is already in production at Zancudo, with the construction of a processing plant that is designed to handle 1,000 tonnes per day. Mining and processing activities are reportedly progressing on schedule, and the company is moving forward with plans to drill an additional 15,000 meters in an effort to expand its mineral resources.

Resource Estimates

The PEA is underpinned by an updated Mineral Resource Estimate (MRE) released in late 2025, indicating 1.0 million tonnes of indicated resources with an average grade of 6.9 g/t gold and 84 g/t silver. Inferred resources also substantiate this optimism, with estimates suggesting an additional 4.6 million tonnes grading 5.6 g/t gold and 84 g/t silver.

Strategic Partnerships

Denarius has secured a long-term offtake contract with Trafigura Pte. Ltd., which is essential for the sale of high-grade gold-silver concentrates produced from the Zancudo Project. This partnership not only stabilizes income streams but also shapes a promising future for the company as it ventures deeper into gold and silver mining.

Conclusion

In conclusion, the latest PEA for the Zancudo Project resonates positively with shareholders and potential investors, positioning Denarius Metals as a key player within the gold and silver mining industry in Colombia. As construction progresses and expected production escalates, the outlook remains bullish for Denarius, heralding a potentially lucrative future.

For more updates and details regarding Denarius Metals and its exciting ventures, visit Denarius Metals' official website.