Leaching Operations Commence at Calcatreu Project, Marking Transition to Operational Phase

Core Viewpoint - Patagonia Gold Corp. has successfully commenced leaching operations at its Calcatreu Project in Argentina, marking a significant step in the project's transition to gold recovery [1][2]. Project Development - The initiation of leaching activities follows the completion of construction and commissioning of key infrastructure, with all necessary regulatory approvals in place [2][3]. - The company has placed over 91,300 tonnes of mineralized material on the heap leach pad, including 73,300 tonnes crushed and stockpiled, and 18,800 tonnes stacked [3]. Operational Insights - The leaching operations will involve ongoing monitoring of solution flow and recovery performance, with subsequent stages expected to include loaded carbon processing and doré production [5]. - The timing of gold recovery will depend on operational and metallurgical factors typical of heap leach operations [5]. Technical Reporting - NCL Ltda. is progressing on an updated technical report for Calcatreu, expected to be released in Q2 2026, which will include updated technical information for the project [6]. Company Overview - Patagonia Gold Corp. is focused on the exploration and development of gold and silver projects in Argentina, with a primary focus on the Calcatreu project and the Cap-Oeste underground project [8].