Lara Exploration Announces Atlantica Results Confirm Potential 3km Strike Extension to Planalto Mineralization

Core Insights - Lara Exploration Ltd. has provided an update on the Atlantica exploration license, indicating potential to extend the Planalto resource approximately 3 km southeast from the Silica Cap deposit [1] Exploration and Drilling Activities - Mineração Atlantica Ltda. completed five diamond drill holes totaling 1,754.20 meters from late 2020 to early 2021, with geological relogging and sample analysis data recovered [2] - A soil sampling survey in Q4-2025 identified three distinct anomalous copper zones trending NW-SE through the Atlantica license, with the strongest anomaly located along the granite-intermediate volcanics contact [3] - Resampling of drill cores is ongoing, with significant oxide copper intersections identified in holes DDATL21-002 and DDATL21-004, which coincide with copper soil anomalies [6] Drill Results - Significant copper intersections from the five drill holes include: - Hole DDATL21-002: 35.80 meters at 0.35% Cu from 3.2 meters down hole - Hole DDATL21-004: 17.00 meters at 0.25% Cu from the surface down hole [9] - The ongoing sampling aims to validate historical sampling and analysis data, with a focus on extensions of chalcopyrite zones [7][10] Project Overview - The Planalto Copper-Gold Project is anticipated to be developed as a conventional open pit mine, processing 8 million tons per annum, with an expected production of 560,000 tons (1.2 billion pounds) of copper and 111,000 ounces of gold over an 18-year mine life [13]