#Spain #Pan Global #La Romana #Tin Recovery #Andalusia

Pan Global Achieves Significant Tin Recoveries

Introduction

Pan Global Resources Inc. has made strides in its metallurgical testing program focused on the La Romana copper-tin-silver deposit located in Spain. The company's latest results from the second phase of its tin metallurgical program reveal high recovery rates and excellent concentrate grades, enhancing the potential economic viability of the project.

Key Results from Metallurgical Testing

The highlights of the recent metallurgical tests conducted by Pan Global include:

• - High Tin Concentrates: The tests achieved a premium tin concentrate with an impressive grade of 63.2%. This high level places the company in a favorable position within a competitive market.
• - Increased Recovery Rates: Recovery rates have been reported at 64%, resulting from conventional gravity processing methods. Notably, the recovery rates increased by an additional 10% due to significant amounts of tin extracted from the gravity tailings, which were not accounted for in previous estimates.
• - Low Levels of Penalty Elements: The analysis of the final concentrates indicated minimal presence of harmful elements such as arsenic, mercury, and antimony, which can incur additional refining costs and impact profitability.

These results not only prove the efficiency of gravity separation methods over flotation techniques but also underscore the project’s potential in enhancing overall economics.

Methodology Overview

The metallurgical testing was carried out under the supervision of Wardell Armstrong International, following protocols set in collaboration with Minepro Solutions SL in Spain. The focus of this phase was to determine improvements in tin recovery from previously processed tailings, particularly through the use of shaker tables and Multi-Gravity Separators.

The tests involved a detailed analysis of two size fractions - coarser and finer - allowing intensive recovery methods to be employed. Results demonstrated that traditional gravity concentration methods could yield substantial increases in total tin recovery, an outcome that could vastly change the project economics.

Future Steps and Project Outlook

Given the promising outcomes of the second phase testing, Pan Global is poised to conduct further research and develop a closed-circuit testing program, possibly moving towards pilot plant trials. This next phase aims to maximize concentrate grades and recovery efficiencies to prepare for pre-feasibility and feasibility studies.

The company is targeting a projected final tin concentrate grade of approximately 63.2%, with enhanced recovery projections. These developments are crucial as Pan Global seeks to take advantage of the vibrant copper market and its growing importance in global electrification initiatives.

About the Escacena Project

The Escacena Project, which encompasses a vast area of 5,760 hectares in southern Spain’s Iberian Pyrite Belt, is promising both for its existing mineral discoveries and the potential for future mining ventures. Located near established mines, the project hosted by Pan Global places the company in an advantageous position to leverage existing infrastructure and expertise in the mining sector.

Conclusion

Pan Global Resources is at a pivotal moment as it continues to innovate and enhance its processing techniques in the pursuit of a more profitable operation at the La Romana deposit. The positive results from the recent metallurgical work reinforce the company’s commitment to responsible mining practices and robust project economics, setting the stage for further advancements in one of the world's critical metal supplies.

For more details or inquiries, you may contact Pan Global’s investor relations team.