The estimate, prepared by Caracle Creek Chile SpA and Atticus Geoscience Consulting, encompasses 21.1 million tonnes of indicated material and 34 million tonnes of inferred material across the 210,284-hectare property in Chubut Province. CEO Steven Gold described the results as a landmark milestone, noting that the current footprint represents roughly 4% of the total project area, suggesting significant room for further expansion. The project’s geological profile—characterized by surficial, tabular caliche-style gravels—could potentially support low-impact, open-pit extraction methods.

With nearly $18 million in cash and no debt, the company is well-positioned to advance its exploration efforts. Immediate plans include a targeted program of infill pitting, trenching, and sonic drilling to better define the deposit's geometry. While the resource estimate marks a shift toward development, the company maintains that these findings are not yet mineral reserves and remain subject to further technical and economic validation. Full technical reports compliant with SEC Regulation S-K 1300 and NI 43-101 are expected to be filed within 45 days.