Minsud Files Technical Report for the Chita Valley Project

Minsud Resources Corp. (TSX-V: MSR) has filed a technical report in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI 43-101) for its Chita Valley Project in the San Juan Province, Argentina. The report, titled "NI 43-101 Technical Report Mineral Resource Estimate for Chita Valley Project" and dated January 17, 2025, was prepared by representatives of Mining Plus Peru S.A.C. and Cube Consulting Pty Ltd, each of whom is a "qualified person" in accordance with NI 43-101.

The Chita Valley Project, located in the San Juan Province of Argentina, is a significant mineral exploration project for Minsud Resources Corp. The project is a joint venture between a wholly owned subsidiary of South32 Limited (50.1%) and Minsud Resources Corp. (49.9%), operating under the name Minera Sud Argentina S.A. (MSA). The project is focused on exploring the Chinchillones Complex deposit, which has demonstrated substantial development potential and reasonable prospects for eventual economic extraction (RPEEE).

The maiden Mineral Resource Estimate for the Chinchillones Complex deposit, announced on January 17, 2025, highlights the deposit's significant Indicated and Inferred Resources. The Indicated Resources are estimated at 188Mt at 0.41% CuEq, containing 776Kt of copper equivalent, 466Kt of copper, 674koz of gold, 63.5Moz of silver, 6.8Kt of molybdenum, and 291Kt of zinc. The Inferred Resources are estimated at 573Mt at 0.36% CuEq, containing 2,049Kt of copper equivalent, 1,244Kt of copper, 1,650koz of gold, 165.6Moz of silver, 53.2Kt of molybdenum, and 616Kt of zinc.

The resources are considered suitable for open-pit mining and flotation process, based on Net Smelter Return (NSR) cutoffs, with copper equivalent calculated post-estimation using the same parameters. Copper, silver, and gold are the primary contributors to the Mineral Resource Estimate, with molybdenum and zinc as secondary contributors. The deposit remains open at depth, with further molybdenum potential identified in unexplored areas.

The Chinchillones Complex deposit demonstrates reasonable prospects for eventual economic extraction (RPEEE), as defined by the Committee for Mineral Reserve International Reporting Standard. This evaluation is based on drilling conducted by MSA between 2020 and 2024, supplemented by earlier drill holes. The estimate is supported by preliminary metallurgical studies and economic parameters, mining costs, processing costs, and metal recoveries from Cu, Mo, and Zn concentrates to derive Net Smelter Return (NSR).

The Chita Valley Project stands apart from traditional high-Andean mining ventures due to its lower altitude (3,000 meters) and favorable climate, which offer significant advantages such as year-round accessibility, excellent infrastructure, and proximity to essential services. These competitive advantages translate into potential for lower capital expenditure and competitive operational costs, positioning the Chita Valley Project as a compelling investment proposition.

In conclusion, the filing of the technical report for the Chita Valley Project marks a significant milestone in the development of the Chinchillones Complex deposit and the broader Chita Valley Project. The report highlights the deposit's substantial development potential, providing a robust basis for advancing exploration and growth strategies. The Chita Valley Project's competitive advantages, including its lower altitude, favorable climate, year-round accessibility, excellent infrastructure, and proximity to essential services, position it as a compelling investment proposition with the potential for lower capital expenditure and competitive operational costs.