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About Hannan Metals Limited (HANNF)
Hannan Metals Limited (OTC: HANNF) is a natural resources and exploration company dedicated to discovering and developing sustainable metal resources critical for the global transition to a low-carbon economy. With a strong focus on copper and gold exploration, Hannan operates primarily in Peru and Chile, two of the world's most resource-rich regions for these essential metals. The company's expertise lies in identifying, financing, and advancing large-scale mineral systems in underexplored regions, leveraging cutting-edge geological techniques and a decade-long track record of success in Europe and Latin America.
Core Business Areas
Hannan Metals is strategically positioned as a top-ten in-country explorer by land area in Peru, holding extensive mining concessions that span over 1,000 square kilometers. Its flagship project, the Valiente Project, is a newly recognized metallogenic province targeting Miocene-age porphyry copper-gold and epithermal systems. Located in central-eastern Peru, the Valiente Project represents a district-scale opportunity, with multiple high-priority targets such as the Ricardo Herrera, Vista Alegre, and Sortilegio prospects. These targets exhibit significant geophysical anomalies and surface mineralization, underscoring their potential for large-scale resource development.
Exploration Strategy
Hannan employs a systematic exploration approach, focusing on geological de-risking and sequential drill permitting. The company integrates advanced geophysical surveys, soil sampling, and detailed geological mapping to identify and evaluate mineralized systems. For example, the Ricardo Herrera prospect features a 1,000-meter-long chargeability anomaly, while the Vista Alegre epithermal target exhibits a 2.4-kilometer geophysical signature correlated with gold-in-soil anomalies. Hannan’s strategy also includes strong community engagement and adherence to Peru’s evolving regulatory framework, ensuring sustainable and socially responsible exploration practices.
Key Projects
- Valiente Project (Peru): A district-scale copper-gold exploration initiative with eight identified porphyry and epithermal targets, including the Ricardo Herrera, Vista Alegre, and Sortilegio prospects.
- San Martin Project (Peru): A basin-scale sediment-hosted copper-silver system covering 200 kilometers by 100 kilometers, geologically comparable to the Kupferschiefer deposits in Eastern Europe.
- Cerro Rolando Project (Chile): An optioned copper-porphyry project located in Northern Chile, further diversifying Hannan’s portfolio.
Competitive Position
Hannan Metals differentiates itself through its extensive land holdings, technical expertise, and focus on frontier areas with district-scale potential. The company’s projects are strategically located in regions with favorable geology and infrastructure, offering significant opportunities for resource discovery. By targeting metals essential for renewable energy technologies and electrification, Hannan aligns its business model with global sustainability goals, making it an attractive proposition for stakeholders in the mining and investment sectors.
Industry Significance
The metals targeted by Hannan, particularly copper and gold, are vital for modern infrastructure and the energy transition. Copper is indispensable for renewable energy systems, electric vehicles, and grid infrastructure, while gold serves as a financial asset and a critical component in electronics. Hannan’s exploration activities contribute to securing sustainable supplies of these essential resources, addressing growing global demand driven by decarbonization efforts.
Expertise and Leadership
Led by a team of seasoned geologists and mining professionals, Hannan Metals combines technical expertise with a proven ability to navigate complex regulatory environments. The company’s leadership has a successful track record of discovering, financing, and advancing mineral projects, underscoring its credibility and authority in the resource exploration industry.
Conclusion
Hannan Metals Limited stands out as a high-potential exploration company with a strong focus on sustainable resource development. Its strategic land positions in Peru and Chile, coupled with a disciplined exploration approach, position it as a key player in the global effort to secure critical metals for the low-carbon economy. By leveraging its technical expertise and commitment to sustainability, Hannan is well-equipped to unlock the value of its extensive mineral assets.
Hannan Metals Limited (HANNF) reports significant exploration results from the Tabalosos East prospect in Peru, revealing high-grade copper and silver mineralization. Surface channel sampling over a 500-meter strike returned assays such as 1.6m at 5.3% Cu and 83 g/t Ag. The mapping also identified a 10m wide zone of altered, bleached shale with anomalous copper over 650m. The company is preparing an Environmental Impact Statement to enable low-impact drilling anticipated in Q2 2022. This geological breakthrough reinforces the potential for widespread reduced facies mineralization in the Huallaga basin.
Hannan Metals Limited (TSXV:HAN)(OTC PINK:HANNF) announced positive results from its soil sampling program at the Tabalosos East prospect in Peru. The sampling identified significant extensions of the copper-silver mineralized shale horizon, now extending over 24 kilometers. High-grade mineralization includes up to 2.0 meters at 4.9% copper and 62 g/t silver. A total of 2,090 sites were sampled, with ongoing work to expand the area and prepare for trench sampling. Environmental permitting for advanced exploration is underway, indicating robust progress in the San Martin JOGMEC JV Project.
Hannan Metals Limited announced the exercise of 6,735,167 common share purchase warrants, raising $1,695,552 in gross proceeds. This represents a nearly universal take-up by shareholders, showcasing strong support for the company. The CEO, Michael Hudson, emphasized the alignment of interests among shareholders and insiders, which bodes well for Hannan's exploration efforts in Peru. With a healthy treasury and a $35M joint venture with JOGMEC, Hannan is well-positioned to advance its extensive copper-gold-silver exploration projects in the region.
Hannan Metals Limited (TSXV:HAN)(OTC PINK:HANNF) has released an update on its 100%-controlled copper-silver and copper-gold projects in Peru. Highlights include the discovery of high-grade copper-silver mineralization at the San Martin project, with a boulder sample showing 1.4% Cu and 21 g/t Ag. The company has increased its land position at the Previsto copper-gold project by 11% to 1,054 sq km, identifying seven new porphyry targets. Both projects showcase Hannan's significant exploration potential in Peru's mineral-rich regions.
Hannan Metals Limited has reported significant findings from its soil geochemical sampling program at the Tabalosos East prospect within the San Martin project in Peru. The survey reveals a continuity of high-grade copper-silver mineralization over an 18-kilometre strike within a 6 by 2-kilometre area. So far, 1,211 soil samples have been taken, confirming previously reported high grades, including 2.0m at 4.9% copper and 62 g/t silver. Permitting for advanced exploration, including diamond drilling, is ongoing. Future work will focus on systematic soil sampling and geological mapping.
Hannan Metals Limited (TSXV:HAN)(OTC PINK:HANNF) has started baseline studies and permitting for advanced exploration at its Tabalosos Copper-Silver Prospect in Peru. The Japanese Oil, Gas and Metals National Corporation (JOGMEC) can earn up to a 75% interest by investing up to $35 million. Recent local approvals for an Environmental Impact Statement (DIA) will allow diamond drilling in a designated area. Baseline studies involving several consultants will take about three months to complete, with final approvals expected in early 2022.
Hannan Metals Limited (TSXV:HAN)(OTC PINK:HANNF) has announced a joint venture with Japan Oil, Gas and Metals National Corporation (JOGMEC) for the San Martin project in Peru, which has a confirmed budget of US$2M from April 2021 to March 2022. Additionally, the company reported C$1.1M received from the exercise of common share purchase warrants, funding both working capital and exploration. The project focuses on copper-silver deposits and includes advanced exploration techniques such as LiDAR surveys.
Hannan Metals Limited (TSXV: HAN, OTC PINK: HANNF) has reported high-grade outcrop discoveries at its Tabalosos project in Peru, revealing significant copper and silver mineralization. Key findings include channel samples of 2.0 metres at 4.9% copper and 62 g/t silver in the Zona Sur, and 1.0 metre at 6.3% copper and 101 g/t silver in the Zona Este. The project spans over a combined strike length of 2.5 kilometres. Continued systematic sampling is planned to ascertain the full width of the mineralization, amid ongoing support from local stakeholders.
Hannan Metals Limited (HANNF) has established a binding agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC) for a significant Option and Joint Venture on the San Martin Project in Peru. The agreement allows JOGMEC to earn up to a 75% interest by investing up to US$35 million to deliver a feasibility study. Initial investments include US$8 million over four years, with additional funding options for prefeasibility and feasibility studies. Hannan will manage exploration until JOGMEC acquires a 51% interest, with early exploration focusing on geological data collection.
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