FAQ on Eloro Resources Ltd.'s Amended Payment Schedule for Iska Iska Interest and Adjacent Property Agreement Updates

What is the main topic of the press release?

The press release discusses Eloro Resources Ltd.’s amended payment terms for acquiring 100% interest in the Iska Iska silver-tin polymetallic project and updates to the adjacent property agreements.

Why is the amendment to the payment terms significant?

The amendment allows Eloro Resources to credit US$1.8 million in exploration spending towards the remaining US$4.45 million owed, adjusting the cash payment schedule to facilitate the project’s development.

How does the amended payment schedule work?

US$1.8 million will be credited from exploration spending on the adjacent Mina Casiterita property, with cash payments of US$1 million due by July 15, 2025, and US$1.65 million due by January 6, 2026.

What changes were made to the Mina Casiterita and Mina Hoyada option agreement?

The agreement now requires a US$1.8 million payment within 12 months of securing mining rights and the issuance of 200,000 Eloro shares upon property transfer.

Where is the Iska Iska project located?

The Iska Iska silver-tin polymetallic project is located in the Potosi Department in southern Bolivia.

Who is involved in this agreement?

Eloro Resources Ltd. and Empresa Minera Villegas S.R.L. are the parties involved in the amended payment terms and updated property agreements.

When are the new cash payments due?

Cash payments are due on July 15, 2025 (US$1 million) and January 6, 2026 (US$1.65 million).

What are the implications of these changes for Eloro Resources?

These changes facilitate the acquisition of the Iska Iska project and adjacent properties, supporting Eloro’s exploration and development efforts in Bolivia.

How can I find more information about Eloro Resources Ltd.?

More information can be found on Eloro’s website at www.EloroResources.com or in the company’s newsroom at https://ibn.fm/ELRRF.