Pan Global Resources Unveils Bravo Target - Promising Large-Scale Copper Prospect in Southern Spain

• Pan Global Resources commences exploration at the high-priority Bravo target within the Escacena Project, Spain.
• Bravo is a large, untested gravity anomaly potentially indicating massive sulphide deposits located 1.5km from Pan Global's La Romana copper-tin-silver discovery and 4.5km from major VMS deposits
• The company's comprehensive exploration program includes gravity surveys, soil geochemistry, and geophysical studies.
• Exploration results are expected within three months, potentially guiding future drill testing.

Pan Global Resources Inc. (TSXV: PGZ) is a forward-thinking mineral exploration company primarily focused on copper-rich deposits. With its flagship Escacena Project located in the prolific Iberian Pyrite Belt of southern Spain, Pan Global is strategically positioned to capitalize on the growing global demand for copper. The company's commitment to responsible mining practices, coupled with its experienced leadership team and promising project portfolio, makes it an attractive prospect for investors looking to gain exposure to the critical metals sector.

Bravo Target: A New Frontier in Copper Exploration

In a significant development for both the company and potential investors, Pan Global Resources has announced the commencement of its maiden exploration program at the Bravo target within its 100%-owned Escacena Project in southern Spain. This move marks a crucial step in the company's ongoing efforts to expand its resource base and potentially uncover a major new mineral deposit in one of Europe's most productive mining regions.

The Bravo target, characterized as a large, untested gravity anomaly, has captured the attention of Pan Global's exploration team due to its strategic location and geological characteristics. Situated just 1.5 kilometers east of the company's La Romana copper-tin-silver discovery, Bravo represents a high-priority exploration target with the potential to significantly enhance Pan Global's resource portfolio.

Strategic Location and Historical Context

The Iberian Pyrite Belt: A Geological Treasure Trove

The Bravo target's location within the Iberian Pyrite Belt cannot be overstated in terms of its importance. This geological formation, stretching across parts of Spain and Portugal, is renowned for its rich mineral deposits, particularly volcanogenic massive sulphide (VMS) deposits containing copper, zinc, lead, silver, and gold.

Pan Global's President & CEO, Tim Moody, emphasized the significance of the Bravo target, stating,

"Bravo is one of the highest priority exploration targets in the Pan Global portfolio due to the large size of the gravity anomaly and being on-trend only 1.5km from the company's La Romana copper-tin-silver discovery."

Historical Significance and Modern Exploration

The Bravo anomaly was initially identified through gravity survey data from the early 1980s, interpreted as a potential concealed massive sulphide mineralization. Despite its promising indicators, the target area has remained unexplored for over four decades, primarily due to its coverage by post-mineral rocks and sediments.

This historical context adds an element of excitement to Pan Global's current exploration efforts. The company is effectively unveiling a geological time capsule, applying modern exploration techniques to a target that has long been hypothesized but never properly investigated.

Comprehensive Exploration Program

Cutting-Edge Techniques for Maximum Insight

Pan Global Resources has outlined a comprehensive exploration program for the Bravo target, designed to provide a multifaceted understanding of the area's mineral potential. The program includes:

• Gravity Survey: An initial 100m x 50m gravity survey to refine the understanding of the subsurface density variations that could indicate mineral deposits.
• Soil Sample Geochemistry: Systematic collection and analysis of soil samples to identify trace elements that might point to underlying mineralization.
• Geological Mapping: Detailed surface mapping to understand the local geology and its relationship to potential mineralization.
• Induced Polarization (IP) Surveys: 200m line-spaced dipole-dipole IP surveys to detect electrical chargeability anomalies associated with sulphide mineralization.

This multi-pronged approach demonstrates Pan Global's commitment to thorough and scientifically rigorous exploration practices. By employing a variety of complementary techniques, the company aims to build a comprehensive dataset that will guide future drilling efforts and maximize the chances of a significant discovery.

Timeline and Expectations

Pan Global has set an ambitious timeline for this initial phase of exploration at Bravo. The company expects to complete these surveys within a three-month window, promising a steady stream of news and data for investors to digest in the near term.

The results from this program will be crucial in determining the next steps for the Bravo target, potentially leading to a targeted drilling campaign if the data proves promising. This rapid progression from initial exploration to potential drill testing underscores the company's agile approach to resource development and its confidence in the Bravo target's prospects.

The Escacena Project and Regional Potential

The Bravo target exploration program should be viewed within the broader context of Pan Global's Escacena Project. This large, contiguous 5,760-hectare land package represents a significant foothold in one of Europe's most prospective mining regions.

The Escacena Project already hosts several promising discoveries, including:

• La Romana: Pan Global's copper-tin-silver discovery, made in 2019
• Cañada Honda: A copper-gold discovery adding diversification to the project's mineral potential

Additionally, the project area contains numerous other prospective targets, including Barbacena, El Pozo, Romana Norte, San Pablo, Zarcita, Hornitos, La Jarosa, Romana Deep, and Cortijo. This abundance of targets within a single project area speaks to the rich mineral endowment of the region and the potential for multiple discoveries that could significantly enhance Pan Global's resource base.

Regional Infrastructure and Development

The Escacena Project benefits from its proximity to existing mining operations and infrastructure. It is located near the operating mine at Riotinto and is immediately adjacent to the former Aznalcóllar and Los Frailes mines. Notably, Minera Los Frailes/Grupo México is in the final permitting stage to commence new mine construction in the area.

This established mining district provides several advantages for Pan Global: existing infrastructure (access to roads, power, and water facilities crucial for mining operations), skilled workforce (local population experienced in mining and related industries), supportive regulatory environment (region accustomed to and generally supportive of responsible mining activities), and potential synergies for collaboration or shared resources with nearby operations.

These factors combine to create a favorable environment for mineral exploration and potential future mine development, potentially reducing costs and accelerating timelines for Pan Global.

Market Dynamics and Investment Thesis

The Copper Outlook: A Bullish Case for Investors

Pan Global's focus on copper-rich mineral deposits aligns well with current and projected market dynamics. The company cites "compelling supply-demand fundamentals and outlook for strong long-term prices" as key drivers behind its strategic focus on copper.

Several factors contribute to this positive outlook for copper:

• Electrification and Energy Transition: Copper is a critical component in renewable energy systems, electric vehicles, and associated infrastructure.
• Supply Constraints: New large-scale copper discoveries have become increasingly rare, while existing mines face declining grades and increased production costs.
• Growing Global Demand: Emerging economies continue to drive demand for copper in construction, manufacturing, and infrastructure development.
• Strategic Importance: The European Commission has designated copper as a Strategic Raw Material, highlighting its importance to the region's economic and technological future.

These factors create a compelling case for investment in copper exploration and development projects, particularly those located in stable jurisdictions with established mining industries.

Pan Global's Investment Appeal

For investors considering Pan Global Resources, several key factors contribute to the company's potential:

• Strategic Location: The Escacena Project's position in the Iberian Pyrite Belt provides access to a world-class mineral province.
• Diversified Target Portfolio: Multiple exploration targets within the Escacena Project offer numerous opportunities for discovery and resource growth.
• Experienced Management: The company boasts a team with proven expertise in exploration, discovery, development, and mine operations.
• Responsible Operations: Pan Global's commitment to safety, environmental stewardship, and community engagement aligns with growing investor focus on ESG factors.
• Near-term Catalysts: The ongoing exploration at Bravo and other targets provides numerous potential value-driving events in the short to medium term.
• Leveraged Exposure: As an exploration-stage company, Pan Global offers investors leveraged exposure to potential discoveries and rising copper prices.

Conclusion for Investors

For investors looking at Pan Global Resources, the company presents a compelling opportunity to gain exposure to copper exploration in a highly prospective region. The commencement of exploration at the Bravo target marks an exciting new chapter for the company, with the potential to significantly enhance its resource base and overall value proposition.

The combination of a strategic land position in the Iberian Pyrite Belt, a diversified portfolio of exploration targets, and a focused approach to copper discovery aligns well with the broader market dynamics driving demand for this critical metal. While risks inherent to mineral exploration remain, Pan Global's methodical approach to exploration and development, coupled with its experienced management team, positions the company favorably to capitalize on its opportunities.

As the exploration program at Bravo unfolds over the coming months, investors can anticipate a steady flow of news and results that could serve as significant catalysts for the company's valuation. For those seeking leveraged exposure to the copper market and the potential for transformative discoveries, Pan Global Resources represents an intriguing investment prospect worthy of close consideration.