Emerita Reports Major Resource Upgrade at Iberian Belt West Project in Andalusia

[Emerita Reports Major Resource Upgrade at Iberian Belt West, Highlighting Significant Zinc, Copper, Silver, and Gold Gains]

On May 17, Emerita Resources released an updated NI 43-101 technical report confirming a substantial increase in resources at its Iberian Belt West (IBW) Project in Andalusia, Spain. The report outlines a 35% increase in Indicated resources to 18.96 Mt and a 44% increase in Inferred resources to 6.80 Mt, across three volcanogenic massive sulphide (VMS) deposits: La Romanera, La Infanta, and the newly delineated El Cura. The project hosts zinc, lead, copper, silver, and gold.

The updated Indicated resources include 547 kt of zinc, 94 kt of copper, 269 kt of lead, 40.3 Moz of silver, and 783 koz of gold, while Inferred resources comprise 221 kt of zinc, 49 kt of copper, 102 kt of lead, 12.3 Moz of silver, and 168 koz of gold. La Infanta averages a high 16.61% zinc equivalent grade, and El Cura brings new copper-rich, high-grade gold mineralization to the project.

Metallurgical tests at La Romanera achieved recoveries of 91.3% for zinc, 85.8% for copper, 80.5% for silver, and 64.3% for gold. The project was recently granted "Strategic Project" designation by the Andalusian government, which is expected to significantly accelerate permitting. Once granted, the exploitation license will provide a 30-year term renewable up to 90 years.