Excellon Resources Mobilizes Contractor and Commences Rehabilitation at Mallay Silver Mine, Peru

Core Viewpoint - Excellon Resources Inc. has mobilized a mining contractor and commenced underground rehabilitation at the Mallay Silver Mine in Peru, marking a significant step towards restarting silver production [1][3]. Group 1: Operational Updates - The mobilization of an experienced underground mining contractor is aimed at initiating rehabilitation, development, and preparation works at the Mallay Mine [5]. - Initial rehabilitation efforts are focused on cleaning and reinforcing the main haulage levels of the mine, including scaling, improving ground support and ventilation, and reopening key drifts and ramps for equipment access [5]. - Rehabilitation activities are expected to be completed within four months, aligning with Excellon's broader restart plan [5]. Group 2: Future Plans and Milestones - Over the next six months, the company will execute a detailed restart plan and demonstrate the property-wide mineral potential beyond existing historical resources [4]. - Key near-term milestones include the completion of a NI 43-101 Mineral Resource Estimate by late August 2025 and the completion of mine rehabilitation by November 2025 [6]. - The company aims to achieve ramp-up to a nameplate capacity of 600 tons per day (tpd) production by the second quarter of 2026 [5]. Group 3: Exploration and Development - Following the completion of mine rehabilitation, the company plans to advance internal mine planning and evaluate operating scenarios to support strategic decision-making [11]. - In-mine exploration drilling will target extensions of known high-grade veins and new mineralized zones, commencing upon completion of mine rehabilitation [11]. - Concurrently, exploration on high-priority targets in the immediate Mallay Mine area is underway, including the Pierina vein system [11].