Zonte Metals TSXV:ZON, OTC:EREPF

Gramalote Project Development

On June 18, 2024, the Company announced the results of a positive PEA on its 100% owned Gramalote Project located in the Department of Antioquia, Colombia. The PEA outlines a significant production profile of 234,000 ounces of annual gold production for the first five years, with average annual gold production of 185,000 ounces over a 12.5 year project life with a low-cost structure and favorable metallurgical characteristics. Additionally, the PEA outlines strong economics with an after-tax NPV_5% of $778 million and an after-tax internal rate of return of 20.6%, with a project payback on pre-production capital of 3.1 years at a long-term gold price of $2,000 per ounce.

The pre-production capital cost for the project was estimated to be $807 million (including approximately $93 million for mining equipment and $63 million for contingency). A robust amount of historical drilling and engineering studies have been completed on the Gramalote Project, which significantly de-risks future project development. Based on the positive results from the PEA, B2Gold believes that the Gramalote Project has the potential to become a medium-scale, low-cost open pit gold mine.

B2Gold has commenced feasibility work with the goal of completing a feasibility study by mid-2025. Due to the work completed for previous studies, the work remaining to finalize a feasibility study for the updated medium-scale project is not extensive. The main work programs for the feasibility study include geotechnical and environmental site investigations for the processing plant and waste dump footprints, as well as capital and operating cost estimates. Those work programs, as well as processing engineering and site infrastructure design, are underway and the study is on schedule.

The Gramalote Project will continue to advance resettlement programs, establish coexistence programs for small miners, work on health, safety and environmental projects and continue to work with the government and local communities on social programs.

Due to the desired modifications to the processing plant and infrastructure locations, a Modified Environmental Impact Study is required. B2Gold has commenced work on the modifications to the Environmental Impact Study and expects it to be completed and submitted shortly following the completion of the feasibility study. If the final economics of the feasibility study are positive and B2Gold makes the decision to develop the Gramalote Project as an open pit gold mine, B2Gold would utilize its proven internal mine construction team to build the mine and mill facilities.

Capital expenditures in 2025 at Gramalote are expected to be relatively consistent throughout the year, totaling $28 million related primarily to feasibility study costs and ongoing care and maintenance.

The last 4 technical press releases keep advancing the Cross Hills Copper Project .

This 25 km property has many drill ready targets , and these targets are rather significant in size .

Junior Companies get excited about 100-200 million ton targets and the targets in Zonte’s last three press releases were all greater than 1 billion tons targets .

Zonte has and is going after big targets  !

Currently , Zonte is doing the gravity survey over the Nine Mile target  . The Nine Mile target  is about 4 km by 3 km , clearly the largest target at Cross Hills . The magnetic anomaly is the largest within the project .

The recent press indicated that a possible gravity survey could be completed at the Southern portion of the Big K anomaly .

Big Copper Companies are looking for advanced copper plays and Zonte’s 140 square km Cross Hills Project should be on the radar screen based on the last few press releases . Zonte Metals  Pay Day will come and Zonte shareholders should will be rewarded with a much higher share price .

Remember , there are only about 81 million shares currently outstanding and the market cap is under a $6 million  .

Christopher has done an excellent job to keep the shares outstanding so low , with so many exploration techniques completed   to advance the Cross Hills Project .

Ron , almost everyone is still holding all their Zonte shares . Many shareholders know that the Junior Mining Stock Market  is at a very low level .  Zonte’s Trading volume during the last 3 months averaged less than 1 million shares monthly .

Plus . I am certain that a lot of the trading volume was related to tax loss selling !

Canadian Copper Companies with future strong results , should pleasantly reward their patient shareholders .

Hopefully , later in 2025  Zonte has the ingredients that major Copper Companies  will want to be involved with Zonte Metals .

Go Zonte Go !!!

We all know that the Canadian junior stock market is in the dumps and has been for awhile .

The Canadian dollar and Canadian economy are bad at best .

However , Canadian junior mining companies are cyclical and should have their time in the spotlight again .

Companies must successfully find new assets of economical size in safe jurisdictions .

It also helps when the number of shares outstanding is low and Zonte has only about 80 million shares outstanding .

Plus the market capitalization is significantly below where it should be based on the recent corporate press releases .

There is a lot of copper at Cross Hills . Therefore , good stock price upside exists !

With that said , Zonte shareholders are patiently waiting for Terry Christopher to continue finding more copper .

The website clearly shows the 140 square kilometre project is rather large and fertile with copper .

Cross Hills is the type of project that majors are searching for to replace and add to their existing copper reserves .

This is a new Copper Discovery ! A large mineralized system exists !

Slowly and carefully review the Copper Presentation on the website  .

Appreciate how big some of the targets are and we are fortunate that many advanced targets already exist .

With continued success , it appears that Zonte Metals has an opportunity to find a new copper belt in Canada !

There is much room for substantial Zonte share price appreciation .

In my opinion , 2025 and beyond will have excellent times as future press releases will be rewarded with traction in the stock market !

Go Zonte Go !!!