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Peruvian Metals Announces the 10-Year Renewal of the Use of Surface Rights at the Aguila Norte Processing Plant
Edmonton, Alberta--(Newsfile Corp. - March 2, 2026) - Peruvian Metals Corp (TSXV: PER) (OTC Pink: DUVNF) ("Peruvian Metals" or the "Company") is pleased to announce that the Company has renewed the lease on the use of the surface rights at its 80-per-cent-owned Aguila Norte processing plant ("Aguila Norte" or the "Plant") located in Northern Peru for an additional 10 years. The Plant is located on a 120-hectare concession wholly owned by the Company's 80% owned subsidiary Minera Aguila de Oro...
About this update from Peruvian Metals Corp.
[{"type":"text","content":"Edmonton, Alberta--(Newsfile Corp. - March 2, 2026) - Peruvian Metals Corp (TSXV: PER) (OTC Pink: DUVNF) ("Peruvian Metals" or the "Company") is pleased to announce that the Company has renewed the lease on the use of the surface rights at its 80-per-cent-owned Aguila Norte processing plant ("Aguila Norte" or the "Plant") located in Northern Peru for an additional 10 years.","length":416,"tagName":"p"},{"type":"text","content":"The Plant is located on a 120-hectare concession wholly owned by the Company's 80% owned subsidiary Minera Aguila de Oro S.A.C ("MADOSAC"). Initially the Company received a 10-year authorization use in February 2016 to construct and process mineral at the Aguila Norte site. The Company was granted the environmental permit ("IGAC") in mid-2017 by the Peruvian government to initiate activities. IGAC permits the Plant to process mineral at the current 100-tonne-per-day level but can be expanded to 350 tonnes per day. The Plant operated at full capacity in 2025 by processing 36,616 tonnes. With the renewal in place, the Company will start the engineering studies on the additions needed to the Plant to expand the daily capacity and the tailings facility. The expected delivery of mineral from Peruvian Metals' 100% owned material in 2026 will require the additional capacity at the Plant.","length":921,"tagName":"p"},{"type":"text","content":"The Company will focus on its 100% owned Palta Dorada Au-Ag property ("Palta Dorada") located 120 kilometers southeast of Aguila Norte. Palta Dorada is held by a separate, wholly owned subsidiary of Peruvian Metals Recent metallurgical testing of sulphide material at Palta Dorada with a head grade of 8.3 grams Au/mt shows that 89% of the gold is recoverable. The result of the recent metallurgical work is summarized in the Company's press release dated January 21st, 2026. Precious metals concentrates produced at the Plant from mineral extracted at Palta Dorada will be 100% owned by the Company.","length":614,"tagName":"p"},{"type":"text","content":"MADOSAC owns two additional contiguous concessions totaling 263 hectares that are not covered by the environmental IGAC permit. MADOSAC's concessions host numerous gold-silver-copper veins exposed in historic workings in close proximately to the P...