Aegis Resources Ltd. Announces Strategic Option Agreements for the El Zanjon and Venidero Projects in Santa Cruz, Argentina

Core Viewpoint - Aegis Resources Ltd. has signed two option agreements with Targa Exploration Corp. to earn up to an 80% interest in the El Zanjon and Venidero gold-silver projects in Argentina, strategically positioning the company for potential exploration upside while retaining a 20% interest in each project upon completion of feasibility studies [1][2][4]. Option Agreements - The option agreements were signed on November 7, 2025, allowing Targa to earn an 80% interest in both projects by funding all exploration costs to complete feasibility studies for a resource of over 2 million ounces of gold equivalent [5][7]. - Aegis will retain a minimum 20% interest in each project, similar to its previous agreement with Andina Copper Corporation regarding the Cobrasco project [2][7]. Financial Commitments - For the El Zanjon project, Targa must make cash and share payments totaling $512,500 and drill 23,000 meters over a 12-year period, with additional cash payments if the feasibility study is not completed by specified anniversaries [8][9]. - Similar financial commitments apply to the Venidero project, with the same total payments and drilling requirements [12][13]. Project Locations and Potential - The El Zanjon project covers 34,521 hectares and is located 30 km south of AngloGold Ashanti's Cerro Vanguardia mine, which produces 175,000 ounces of gold equivalent annually [17]. - The Venidero project spans 7,996 hectares and is situated 60 km south of Newmont's Cerro Negro mine, with surface samples returning up to 4.45 g/t Au [18][19]. Existing Royalties - The Venidero project has an existing 0.5% NSR that can be repurchased for $1,000,000, while the El Zanjon project has a 2% NSR, half of which can be repurchased for $1,000,000 [16]. Company Strategy - Aegis aims to build value through strategic partnerships and carried interests, minimizing dilution while maximizing shareholder value [4][25].