Ann: Rosario Copper Project - High Grade Copper Secured, page-5

Interesting expansion of the Chile portfolio into cooper that aligns to PAM's strategy of bottom of the cost curve battery metals.

My view is Paul would only commit to a project after extensive due diligence and that it has a good chance for it to get a partner and into production.

Waiting for more information since it is a "exclusivity agreement to conduct due diligence" which means a little money spent for PAM to verify the potential.

PAM has 6 weeks of exclusivity to do the due diligence and if it looks good then $US100k per year for up to three years, then $US2.0 million if it looks good they will likely find a partner to develop it with.

Land was owned by ASX:ZVAR with some announcements from them between 2018 and 2019 would be interesting to look into why they gave up the land. Doesn't look like they did much with it and it just sat there for a while. Maybe they gave it up since copper prices were much lower then if someone has time to check or knows of the situation.

https://hotcopper.com.au/asx/var/announcements/?date-range%5Bfrom%5D=&date-range%5Bto%5D=&price_sensitive=Any&summary=Rosario&tag_id=4491&exchange=1