Interview with Tim Moody, President & CEO of Pan Global Resources Inc.

Our previous interview: https://www.cruxinvestor.com/posts/pan-global-resources-tsxvpgz-growth-focused-copper-play-4472

Recording date: 5th January 2024

Pan Global Resources is ramping up efforts to swiftly advance its copper project in southern Spain to production. The company raised over $6 million in October 2024 to fund expansive drilling aimed at outlining an initial resource estimate at its flagship La Romana discovery.

"We're going to hit the ground running with drilling at La Romana to continue delineating the deposit's western extension, with plans for 20-30 holes and around 4,000 meters over the coming months," stated CEO Tim Moody. "An important milestone is fully determining the mineralized zone's scope so we can publish a maiden resource."

Moody sees this initial estimate as a potential catalyst for realizing shareholder value. The priority is expanding La Romana, where additional drilling continues encountering copper mineralization. "It's still growing...we've got to define the full extent of this discovery."

Beyond La Romana, Pan Global is also drilling the new Cañada Honda discovery and progressing earlier-stage exploration targets across its concessions. Discoveries here could supplement a future La Romana mining operation. "Additional discoveries are where you get really big increases in the company's valuation," Moody explained.

Rapid advancement is enabled by Spain's established mining industry and favorable jurisdiction. "Permitting, infrastructure, talent pool - Spain has all the attributes you want to expedite development," described Moody. He highlights straightforward geology and minimal technical complexity at La Romana itself.

Moody says tapping into booming copper demand could be achievable within 3-4 years from maiden resource to production. He's currently showcasing the asset to North American investors.

"We already have a discovery with strong economics. Our Spain location de-risks construction and permitting. And we have tremendous upside from new discoveries across our land package," he relayed.

With ample funding and drilling now re-started, Pan Global has a clear line-of-sight on revealing the full potential of its Spanish copper assets.

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View Pan Global Resources' company profile: https://www.cruxinvestor.com/companies/pan-global-resources

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