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Approval of EIS for Eureka Project
Ajax Resources Plc has received formal approval for the Environmental Impact Study for its Eureka Project in Argentina, allowing for the commencement of on-ground exploration activities including the mobilisation of personnel and equipment. The company will initiate a 1,500-meter diamond drilling campaign, followed by an additional 4,000 meters, targeting copper and gold anomalies with the aim of defining a maiden Mineral Resource Estimate by the first half of 2026. Ajax has allocated approximately £1.4 million for exploration at Eureka through June 30, 2026, and confirms it is fully funded for this program. Disclaimer*
About this update from Ajax Resources Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.\n \n8 December 2025\nAJAX RESOURCES PLC \n(\"Ajax\" or the \"Company\")\nApproval of EIS for Eureka Project & Commencement of Mobilisation \nAjax Resources Plc (AQSE: AJAX) the natural resources investment company, is pleased to announce that the Environmental Impact Study (\"EIS\") for its 100% owned Eureka Project in Jujuy Province, northern Argentina, (\"Eureka\") has been formally approved by the Director of Mines and Energy Resources for the Province of Jujuy.\nThe approval of the EIS represents a key permitting milestone for the Company, and it now allows the commencement of on-ground exploration activities. Mobilisation of personnel, contractors, and equipment to Eureka will now begin.\nWith the EIS approved, Ajax, through its wholly owned Argentine subsidiary Puna Metals S.A. (\"Puna\"), will initiate its planned exploration programme. Eureka is drill ready, and various highly prospective anomalies have already been identified by previous operators. High grade copper oxides have been verified at surface, with grades reported up to 6.1% Cu and numerous samples returning more than 0.5% Cu across multiple historical programmes.\nAjax's drilling programme will commence with an initial 1,500 metre diamond drilling campaign, benefiting from and building upon the extensive historical mapping and pitting completed across Eureka by previous owner. This initial programme will be followed by a further 4,000 metres of drilling, guided by these initial results, designed to expand coverage across priority copper and gold targets and advance Eureka toward a maiden Mineral Resource Estimate. Drilling will target shallow geochemical and IP anomalies, as well as a deeper IP chargeability anomaly outlined in a 2014 report authored by SRK Consulting, possibly representing the transition to a sulphide-rich level of the system. Drilling will take place in the immediate vicinity of Mina Eureka, the historic copper and gold mine within Eureka, which has a 400-year history of production and has never been drilled. \nLayered Mineral System: Multiple Target Horizons\nEureka contains a layered copper and gold mineral system, with mineralis...