Eloro Resources Approaches Key Economic Study for Bolivian Silver Project

Eloro Resources shifts focus to economic evaluation at Iska Iska, targeting a Preliminary Economic Assessment (PEA) in Q3 2026 to model mining costs and viability for silver, tin, and zinc.

Eloro Resources Ltd. is transitioning from pure exploration to a critical phase of economic evaluation at its flagship Iska Iska project in Bolivia. The company is now focused on converting extensive geological data into a formal assessment of the deposit's potential profitability, with a major milestone expected in the second half of 2026.

Shifting Focus to Project Economics

Having solidified operational control and secured necessary funding for the Iska Iska polymetallic project, Eloro is entering a new valuation stage. The centerpiece of this effort is the upcoming Preliminary Economic Assessment (PEA). This comprehensive study is designed to model potential mining costs and detail metallurgical recovery processes for the contained metals.

The findings from this assessment will be pivotal in determining the commercial viability of extracting silver, tin, and zinc from the site, located in Bolivia's historic Potosí department. The PEA will be based on an updated Mineral Resource Estimate (MRE) that incorporates data from the company's most recent drilling campaigns.

Operational Milestones and Drilling Targets

Alongside the economic planning, management is advancing the project's technical foundation. An extensive drill program aims to expand known mineralized zones and upgrade the confidence level of the existing resource. Key operational targets for the current period include:

• PEA Completion: The company is targeting the third quarter of 2026 for the finalization and publication of the Preliminary Economic Assessment.
• Expanded Drilling: A 40,000-meter drill campaign is currently underway to further define the resource.
• Metallurgical Testing: Ongoing work is optimizing separation techniques for the various metals present in the ore.

The venture is supported by Bolivia's stable regulatory framework for resource development. The project's location within one of the world's most prolific silver regions remains a significant structural advantage for its long-term prospects.

Share Performance and Market Context

The stock market is reflecting this transitional period with heightened volatility. In recent trading, Eloro shares declined by 5.47 percent to close at €1.24. This brings the year-to-date decrease to nearly 36 percent, although the equity still shows a substantial gain of over 120 percent when measured across the past twelve months.

The coming months will be characterized by data compilation and analysis. The anticipated PEA in Q3 2026 will provide the first detailed model of the project's potential economics. Until that publication, interim results from the expansive 40,000-meter drill program are likely to drive news flow for the company.