Panoro Minerals Ltd

Panoro is a Canadian mineral exploration and development company focused on advancing its 100% owned Cotabambas Copper, Gold and Silver Project, located in southern Peru’s Apurimac region, a fast-growing copper mining district. With over a Billion tonnes, and a high-grade portion of over 1.29% CuEq*, the Cotabambas Project hosts: • Indicated Mineral Resources of 507.3 million tonnes grading 0.33% copper, 0.20 g/t gold, 2.42 g/t silver, and 0.0021% molybdenum, and • Inferred Mineral Resources of 496.0 million tonnes grading 0.27% copper, 0.17 g/t gold, 2.53 g/t silver, and 0.0027% molybdenum. Within this resource is a higher-grade component comprising: • Indicated Mineral Resource totals of 129.0 million tonnes grading 0.70% Cu, 0.44 g/t Au, 4.12 g/t Ag. • Inferred Mineral Resources of an estimated 93.1 million tonnes grading 0.59% Cu, 0.41 g/t Au, 5.31 g/t Ag. The Company is targeting expansion of its higher-grade resources with its current 45,000 metre drill program. The Company benefits from a unique combination of strategic assets, including a prime location, more than a decade of resource growth, demonstrated economic viability, strong financing partnerships, a knowledgeable and supportive shareholder base, and well-established relationships with local communities. *Figures based on NI-43101 Technical report dated Feb 26, 2024