Orosur has released assay results for six more holes from its Pepas Prospect (‘Pepas or ‘the Prospect’) Mineral Resource Estimate (‘MRE’) infill program. Significantly, while these continue to firm up understanding of the orebody and provide better definition of the nature of the thick, high-grade mineralisation, newly drilled PEP055 also unexpectedly intersected an extremely high-grade vein (comprising coarse gold of 15.25g/t over 47.25m at a downhole depth of only 30m). More work is clearly required to understand its full extent plus any consequential geological or MRE significance. Notwithstanding this, the infill drill program is ahead of schedule and, subject to a mid-program review, should be completed by late October 2025. Although the NI43-101 will also require preparation of a robust and defensible geological model to underpin the interpolation and extrapolation of information between and beyond drill holes, it is realistic to target publication of a maiden MRE by end-Q4 2025/early Q1 2026, which could then be rapidly followed by feasibility (that is likely to begin with a preliminary economic assessment (‘PEA’)). By then the rig will also have been released for further exploration; this could either be around Pepas, or otherwise at the APTA prospect to gain a better understanding of its evolving geological model and opportunity for its historic 38,000m of drilling to also be advanced toward an MRE. Having bolstered its balance sheet through March’s CAD$6.0m* (gross) Brokered Private Placement, confidence in the Group’s ability to develop Pepas into an economic resource remains high, with investors expected to remain supportive of the Board’s much larger mining ambitions both at Anzá and El Pantano, either of which might eventually dwarf findings at Pepas to date.