#Spain #Pan Global #Andalusia #Escacena Project #mineral resources

Pan Global Resources Updates Mineral Resource Estimates

Pan Global Resources Inc. has filed a technical report concerning its Escacena Project, located in the Iberian Pyrite Belt in southern Spain. This filing, made on February 12, 2026, provides crucial details regarding the initial estimates of mineral resources at the La Romana (copper-tin-silver) and Cañada Honda (gold-copper-silver) deposits. Prepared following the standards of National Instrument 43-101, this report is pivotal for the company's future exploration efforts.

Overview of the Escacena Project

The Escacena Project continues to expand its potential, with the report highlighting a significant increase in Measured and Indicated mineral resources, as well as Inferred resources that could further bolster future studies. The project currently encompasses more than 10,000 hectares of mineral rights, having recently grown from a previous 5,760 hectares following the acquisition of additional mineral rights. The area's contiguous nature facilitates ongoing exploration and evaluation activities.

Key Findings from the Technical Report

The report outlines the following estimates from the La Romana and Cañada Honda deposits:

• - La Romana Deposit: Showcases Measured and Indicated resources with a total of 32.4 million tonnes, comprising 119.5 kt Cu, 8.8 kt Sn, and 1.7 Moz Ag, translating to average grades of 0.37% Cu and 1.7 g/t Ag. It also reveals Inferred resources of 4.0 million tonnes that include 15.8 kt Cu and 0.2 Moz Ag.
• - Cañada Honda Deposit: Identifies Inferred resources of about 5 million tonnes totaling 104 koz Au and 6.8 kt Cu, demonstrating promising average grades of 0.65 g/t Au and 1.2 g/t Ag, with additional unidentified mineralization hinting at potential for further resource expansion.

Future Exploration Plans

Both La Romana and Cañada Honda deposits remain open for exploration along strike and at depth, indicating significant opportunities. Pan Global Resources has highlighted its commitment to expanding its resource base through ongoing exploration initiatives, targeting both existing resource extensions and new mineralization opportunities on various mineralized corridors within the project area.

Importance of the Escacena Project

The Escacena Project is strategically positioned close to active mining operations, including the Riotinto mine and the adjacent former Aznalcóllar and Los Frailes mines. With copper being recognized as a strategic raw material essential for global electrification and energy transition, the project holds significant importance in meeting the growing demand for such resources.

Pan Global’s ability to navigate the environmental permitting landscape, coupled with its professional mining expertise and strong local support, positions the Escacena Project as a low-risk investment opportunity in the mining sector. Moreover, the company’s second project in Cármenes, also characterized by its mineral wealth and exceptional infrastructure, supports the enterprise's broader ambitions within the region's mining landscape.

Pan Global Resources remains focused on adhering to responsible mining practices and environmental stewardship while ensuring engagement with local communities. As a member of the United Nations Global Compact, the firm operates under principles promoting ethical business practices.

For more detailed information about the mineral resource estimates and technical report, interested parties can access the documents on SEDAR+ and through Pan Global's official website. This strategic milestone marks a significant step forward for the company and provides a robust foundation for subsequent technical and economic evaluations.