Accelerating Cerro Bayo Restart Presentation

Key points

• Permitted, infrastructure-ready silver-gold restart at Chile's historic Cerro Bayo project
• Total Mineral Resource of 136 Moz AgEq
• Indicated resource increased 230% to 60Moz AgEq
• Infrastructure already built and permitted
• Equity raising of A$40 million to fund restart activities

Full summary

Andean Silver Ltd has released a presentation detailing the progress and plans for the restart of its Cerro Bayo Silver-Gold project in Chile. The presentation highlights the project's infrastructure readiness, including a 500ktpa SAG/ball mill, 2mtpa crusher, and 14MW power on warm idle. The mineral resource has increased by 230% to 60Moz AgEq, with the total Mineral Resource standing at 136 Moz AgEq. The project is permitted with a deep social license, and the company has a growing resource base. The presentation also outlines a proposed equity raising of A$40 million to fund restart activities, including drilling, resource upgrade, and early works.