Metalla Royalty & Streaming Ltd. is pleased to report select portfolio updates.

On October 15, 2024, IAMGOLD announced diamond drill results outlining the successful extension of mineralization outside of the Gosselin December 31, 2023 mineral resource pit shell. Key extensions have been intersected south and west of the Gosselin West Breccia, and at depth between the Côté and Gosselin West Breccia in an attempt to connect the two zones. Highlights of the Gosselin drill program include:

Renaud Adams, President and Chief Executive Officer of IAMGOLD, commented: "We believe that Côté is just the start of what will be a mining district. The exploration results today from Gosselin continue to demonstrate the potential for the Côté and Gosselin Zones to connect, in addition to highlighting that the overall size and scope of these zones have yet to be defined – as both Côté and Gosselin remain open at depth in all directions."

Metalla holds a 4.0% NSR royalty on Polymetals Resources Ltd.'s (ASX: POL) ("Polymetals") Endeavor mine ("Endeavor") in Cobar, Australia. On September 16, 2024, Polymetals announced it had secured a $20M pre-payment/loan facility to fully fund the Endeavor restart along with favorable offtake terms for delivery of zinc and silver/lead concentrates.

Polymetals reiterated that the Endeavor mine is on track to be restarted with first cashflows expected in H1-2025. Polymetals announced and updated Endeavor mine plan on August 5, 2024 with a Pre-tax NPV8% of A$414M, Internal Rate of Return of 345% and free cash flow A$609M over the 10-year mine plan, with average annual EBITDA of $89M over the first 5 years.

On October 9, 2024, Polymetals announced the results from recent drilling completed at Endeavor. Key intercepts include 517 g/t silver-equivalent ("AgEq")1 over 67.1 meters and 551 g/t AgEq over 53.8 meters, outlining the potential for increased ore extraction rates from the Upper North Lode at Endeavor.

For more information, please view the Polymetals Resources September 16, 2024 Press Release and Polymetals Resources October 9, 2024 Press Release and Polymetals Resources August 5,2024 Press Release

Metalla holds a 2.0% NSR royalty on Sierra Madre Gold & Silver Ltd.'s (TSXV: SM)("Sierra Madre") La Guitarra project ("La Guitarra") in the Temascaltepec mining district, Mexico.

On September 24, 2024, Sierra Madre announced that daily throughput rates of economical interesting silver and gold mineralization have averaged 350 tonnes per day ("tpd") over the past 30 days, generating in excess of $2.4M in revenue since the commencement of mining at the La Guitarra complex.

Ken Scott, Chief Financial Officer of Sierra Madre, commented: "The Guitarra team is continuing to do a great job of incrementally increasing the daily production rate. Our next test mining and processing goal is 400 tonnes per day, followed by commercial production of 500 tonnes per day before year end."

Joaquin contains a historical mineral resource estimate in the categories of Measured and Indicated of 70.1 Moz AgEq3 and in the category of Inferred of 3.3 Moz AgEq3 at 136 g/t in the La Negra and La Marocha deposits. Unico is planning a comprehensive exploration program on four advanced prospects, aiming to boost current Foreign Estimates and publish an initial JORC (2012) Mineral Resource Estimate in H1-2025.

The technical information contained in this alert has been reviewed and approved by Charles Beaudry, geologist M.Sc., member of the Association of Professional Geoscientists of Ontario and of the Ordre des Géologues du Québec. Mr. Beaudry is a QP as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101").

About Metalla:

Metalla was created to provide shareholders with leveraged precious and strategic metal exposure by acquiring royalties and streams. Our goal is to increase share value by accumulating a diversified portfolio of royalties and streams with attractive returns. Our strong foundation of current and future cash-generating asset base, combined with an experienced team, gives Metalla a path to become one of the leading royalty companies.

For further information, please visit our website at www.metallaroyalty.com.

 

Source: prnewswire.com

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