Core Viewpoint - Mirasol Resources Ltd. has signed a definitive agreement with Ampere Metals Pty. Ltd. for the sale of mineral rights and landholdings within the Virginia Silver Project in Argentina, which is expected to provide significant funding for ongoing exploration projects while retaining a royalty for shareholders [1][2]. Summary by Sections Agreement Details - The definitive agreement allows Ampere Metals to acquire 51% of the Virginia Project for a total consideration of US$4 million, with an option to acquire the remaining 49% for an additional US$4 million. Mirasol will retain a 2% net smelter royalty [3][6]. Financial Terms - The payment structure includes an initial payment of US$50,000 upon signing the memorandum of understanding, followed by various payments totaling US$8 million over 7 years, with specific amounts due at different intervals [7][6]. Resource Estimate - The Virginia Project hosts an indicated mineral resource of 11.7 million ounces of silver at a grade of 357 g/t and an inferred mineral resource of 7.9 million ounces at a grade of 184 g/t, highlighting the project's high-grade mineralization potential [2]. Company Background - Mirasol Resources Ltd. is an exploration company with over 20 years of experience in Argentina and Chile, currently self-funding exploration at its flagship Sobek Copper-Gold project and advancing a pipeline of early and mid-stage projects [10]. Ampere Metals Overview - Ampere Metals is an Australian-based mining company focused on high-quality silver-gold projects, aiming to deliver sustainable returns through economically viable assets [11].

Core Viewpoint - Mirasol Resources Ltd. has signed a Memorandum of Understanding (MOU) with Ampere Metals Pty. Ltd. for the exclusive rights to negotiate a definitive agreement to acquire the Virginia Silver Project in Argentina for a total consideration of US$8 million [1][4]. Company Overview - Mirasol Resources Ltd. is a well-funded exploration company with over 20 years of experience in operating, permitting, and community relations in mineral-rich regions of Chile and Argentina [18]. - The company controls 100% of the Virginia Silver Deposit, which is a high-grade silver project [18]. Virginia Silver Project Details - The Virginia Silver Project hosts an indicated mineral resource of 11.7 million ounces of silver at an average grade of 357 g/t and an inferred mineral resource of 7.9 million ounces at 184 g/t [2][7][17]. - The mineralization at Virginia is characterized by high-grade, intermediate sulfidation epithermal style mineralization found in a series of prominent outcropping vein-breccias [2]. Financial Terms of the MOU - The total consideration for the Virginia Project is US$8 million, which includes US$5 million for mineral rights and US$3 million for associated landholdings and infrastructure [4][7]. - Payments are structured over five years, with specific milestones including: - US$4 million upon signing the definitive agreement [5]. - US$3 million upon completion of a prefeasibility study [6]. - US$1 million upon the decision to mine [10]. Exploration Potential - Future drilling at the Virginia Project aims to increase inferred silver resources, with potential to expand the overall deposit by drilling along strike and at depth [15]. - Numerous vein prospects outside the current resource remain untested, indicating further exploration opportunities [7][15]. Royalty Structure - Mirasol will retain a 2% Net Smelter Return (NSR) royalty on the Virginia Project, with the option to sell this royalty to Ampere Metals for a minimum of US$2 million [7][10][16].