Pan Global Resources Advances Bravo Copper Target with Ground Geophysics Campaign, Strengthening Exploration Pipeline

• Commenced IP survey at Bravo target within Escacena Project, targeting a 2.0km x 1.5km gravity anomaly
• Gravity anomaly coincides with significant soil lead-zinc anomaly and helicopter electromagnetic indicators
• Survey includes seven lines spanning 12-15 line-kilometers, expected to complete in 2-3 weeks
• Bravo target located 1.5km east of La Romana copper-tin-silver discovery
• Company's upsized private placement financing on track for November 6, 2024 closing

Pan Global Resources Inc. (TSX-V: PGZ; OTCQX: PGZFF; FRA: 2EU) is a mineral exploration company focused on copper-rich deposits, positioning itself strategically within the global electrification and energy transition narrative. The company's flagship Escacena Project is situated in the renowned Iberian Pyrite Belt in southern Spain, a region recognized for its tier-one jurisdictional status due to favorable permitting processes, robust infrastructure, and strong support from the European Commission, which designates copper as a Strategic Raw Material. The company distinguishes itself through a leadership team with proven expertise in exploration, discovery, development, and mine operations, operating under United Nations Global Compact principles with a strong commitment to environmental stewardship and community partnership.

Advancing the Bravo Target

Pan Global Resources has initiated a significant ground geophysics campaign at its Bravo copper target, marking a crucial step toward its maiden drilling program. The program centers on a substantial 2.0km x 1.5km gravity anomaly that coincides with noteworthy geochemical indicators, specifically a large soil lead-zinc anomaly that suggests potential volcanogenic massive sulphide (VMS) mineralization beneath shallow cover.

Technical Program Details

The company has designed a comprehensive IP survey utilizing the dipole-dipole method with 50-meter dipole spacing. The program encompasses seven survey lines, totaling between 12 to 15 line-kilometers, with an anticipated completion timeline of two to three weeks. This technical approach mirrors the successful methodology that led to the discovery of copper mineralization at the company's La Romana site.

Geophysical Evidence

Supporting the exploration thesis, helicopter electromagnetic (HEM) survey data from 2022 has identified resistivity low anomalies across multiple lines that align with the gravity target. This correlation provides additional confidence in the potential presence of sulphide mineralization. The technical convergence of gravity, electromagnetic, and geochemical indicators strengthens the exploration model and supports the company's targeting strategy.

Strategic Location

The Bravo target's location adds significant value to its prospectivity, situated just 1.5km east of Pan Global's La Romana copper-tin-silver discovery and 4.5km southwest of Grupo México's Aznalcóllar and Los Frailes VMS deposits. Despite its promising location and geophysical signatures, the target area remains untested by drilling, primarily due to post-mineral rock and sediment cover.

Project Context

The Escacena Project represents a substantial land package of 5,760 hectares, fully controlled by Pan Global. The project's strategic value is enhanced by its proximity to the operating Riotinto mine and its position adjacent to the former Aznalcóllar and Los Frailes mines, where Minera Los Frailes/Grupo México is approaching final permitting for new mine construction.

The Investment Thesis for Pan Global Resources

Strategic Commodity Focus

• Positioned in copper exploration during a critical period of growing demand
• Aligned with global electrification and energy transition themes
• European Union's designation of copper as a Strategic Raw Material enhances project value

Premier Jurisdiction

• Located in the prolific Iberian Pyrite Belt
• Spain offers stable mining jurisdiction with clear permitting pathway
• Excellent infrastructure and access to skilled mining professionals
• Strong government support for mining development

Technical Excellence

• Proven exploration methodology validated by La Romana discovery
• Multiple exploration tools confirming target potential
• Systematic approach to target generation and testing
• Strong technical team with discovery track record

Asset Quality

• Large land package in proven mineral belt
• Multiple discovery opportunities beyond Bravo target
• Proximity to operating mines and development projects
• Portfolio of targets at various stages of advancement

Corporate Strength

• Well-funded through upcoming private placement
• Experienced management team
• Strong ESG commitment through UN Global Compact membership
• Multiple potential catalysts through exploration program

The commencement of ground geophysics at the Bravo target represents a significant milestone in Pan Global's systematic exploration approach within the Escacena Project. The convergence of multiple geophysical and geochemical indicators at Bravo, combined with its strategic location near existing discoveries and historical mines, positions this target as a compelling prospect for the upcoming maiden drill program. The company's ability to secure additional funding through its private placement demonstrates market confidence in both the project and management's execution capability. As global demand for copper continues to grow, driven by electrification and energy transition initiatives, Pan Global's focus on copper exploration in a tier-one jurisdiction with strong technical fundamentals presents a compelling opportunity for investors seeking exposure to the base metals sector. The upcoming drill program at Bravo could provide significant catalysts for the company, potentially adding another significant discovery to its growing portfolio within the Escacena Project.