Patagonia Gold says Calcatreu PEA shows after-tax NPV(10%) of US$334 million

• Patagonia Gold released an updated NI 43-101 PEA for the Calcatreu gold-silver project in Río Negro, Argentina.
• Base case economics: after-tax NPV (10%) of USD 334 million, after-tax IRR of 282%, payback of 0.6 years.
• Mine plan targets about 16 years, with life-of-mine recovered output of 483,000 ounces of gold, 3,250,000 ounces of silver.
• Initial capex estimated at USD 52.5 million, including USD 30.7 million incurred during 2025; sustaining capex pegged at USD 47 million.
• PEA uses gold at USD 3,500/oz, silver at USD 35/oz; cash cost USD 2,139/oz, AISC USD 2,246/oz.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Patagonia Gold Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609280700PRIMZONEFULLFEED9834631) on September 28, 2026, and is solely responsible for the information contained therein.