TINKA RESOURCES LTD - TKRFF STOCK NEWS

Nexa Resources (NYSE: NEXA) has increased its equity stake in Tinka Resources through a non-brokered private placement. Nexa acquired 9,859,155 units at C$0.10 per unit, totaling C$985,915.50 (US$700,000). Each unit includes one common share and half a warrant, with each whole warrant allowing purchase of one additional share at C$0.15 within 18 months.

Following this transaction, Nexa's ownership in Tinka increased from 18.23% to 19.86% (81,202,208 shares), plus 4,929,577 warrants representing 56.68% of outstanding warrants. Nexa's warrant exercise is restricted to maintain ownership below 19.99% unless approved by TSXV and Tinka's shareholders.

Tinka Resources has announced a non-brokered private placement offering of up to 50 million units at C$0.10 per unit to raise gross proceeds of up to C$5 million. Each unit includes one common share and half of a warrant, with each full warrant exercisable at C$0.15 for 18 months. Major shareholders Nexa Resources and Compañia de Minas Buenaventura are expected to participate to maintain their ownership levels. The proceeds will fund 4,000 metres of drilling at East Ayawilca zinc-silver-lead area, exploration at Silvia copper-gold property, and working capital.

Tinka Resources provided an update on its Ayawilca and Silvia projects in Peru. The company aims to advance the Ayawilca zinc-silver-tin project, which has demonstrated strong economic fundamentals in the 2024 Preliminary Economic Assessment (PEA). Recent geological reviews have improved confidence in the resource's geometry and identified new exploration targets.

Key targets for 2024/25 include:

• East Ayawilca: Targeting high-grade zinc.
• West Ayawilca: Extending the zinc zone.
• Silver and Tin zones: Expanding largely untested areas.

Final approvals for drilling at the Silvia Copper-Gold project are expected in the first half of 2025. Notable drill results from 2022-2023 include 38.9m @ 20% zinc and 145m @ 10.9% zinc. The 2024 PEA indicates a 21-year mine life, NPV8% of US$434 million post-tax, and a 25.9% IRR post-tax. Tinka is supported by Buenaventura and Nexa Resources. The company plans to test new targets and advance the Silvia NW copper-gold target in 2025.

Couloir Capital initiates research coverage on Tinka Resources, highlighting the significant potential of their flagship property Ayawilca as one of the largest undeveloped zinc assets in the world. The updated PEA showcases strong project economics with an after-tax NPV@8% of US$434 million and after-tax IRR of 25.9%.

Tinka Resources announces the filing of a Technical Report on an Updated Preliminary Economic Assessment of the Ayawilca Polymetallic Project in Peru. The report highlights robust economics, a long mine life, low costs, and significant exploration potential. The project is located in a world-class mining jurisdiction, with metal prices assumptions for zinc, tin, silver, and lead. The PEA is preliminary and based on inferred mineral resources, requiring additional exploration for potential upgrades.

Tinka Resources Limited announces successful results of Annual General Meeting with positive shareholder voting outcomes and key appointments

Tinka Resources Limited announces positive results from the updated Preliminary Economic Assessment (PEA) on the Ayawilca project in Peru, showcasing robust economics and significant enhancements. The PEA highlights a smaller, more efficient zinc-silver-lead plant, a separate tin plant for additional revenue, and a long 21-year mine life. With an after-tax Net Present Value of US$434 million, an Internal Rate of Return of 25.9%, and a payback period of 2.9 years, Ayawilca shows potential as a producing mine.

Tinka Resources Limited (TK) provided an update on its exploration and development activities at its 100%-owned Ayawilca project in central Peru. The company's 11,000-metre drill program has enhanced confidence in the Zinc and Silver mineral resources, leading to plans for an updated mineral resource estimate and Preliminary Economic Assessment by March 2024. The company's President and CEO, Dr. Graham Carman, expressed optimism about the project's progress, including improved metallurgy recovery of the Tin Zone and ongoing work to enhance silver recovery of the Silver Zone. Tinka is fully funded to carry out its current work plans.

Tinka Resources Limited has announced the results for the final three drill holes of the 11,000-meter 2022-2023 drill program at South Ayawilca. The drill campaign at Ayawilca was completed in May 2023. The company is now focused on completing a Mineral Resource update for the Ayawilca deposit and continuing exploration at the Silvia copper-gold project. Drill results from the Silver Zone at South Ayawilca were highly encouraging, with a high-grade silver intercept in a 150-meter step-out hole. The Silver Zone is interpreted as a subvertical, northeast-trending structure with high-grade silver over a strike length of at least 500 meters. Zinc Zone drill results also showed high-grade mineralization. The company expects to release an updated Mineral Resource estimation in September 2023.