Panoro Minerals Ltd. (TSXV: PML) has announced the signing of a cooperation agreement with the Municipality of Cotabambas in Peru, reinforcing its commitment to social development alongside the advancement of its 100%-owned Cotabambas Copper, Gold and Silver Project. The agreement, which focuses on upgrading local roads and access routes across the municipality's eight neighbourhoods, reflects the company's ongoing effort to build community trust in the Apurimac region. Investors in the exploration-stage company may be watching how strengthened community relations support the project's long-term development timeline.

Key Points

  • Panoro Minerals Ltd. (TSXV: PML | BVL: PML | FSE: PZM | OTCQB: POROF)
  • Panoro has signed a formal cooperation agreement with the Municipality of Cotabambas, aligned with advancing its flagship Peruvian copper-gold-silver project
  • Initiatives will target road and infrastructure upgrades across all eight neighbourhoods of the Municipality of Cotabambas
  • Investors may be watching how community engagement milestones support the company's ongoing drill programme targeting higher-grade resource expansion

Agreement Scope and Community Infrastructure Focus

The cooperation agreement, led by the Municipality of Cotabambas, prioritises upgrading local roads and access routes across the district's eight neighbourhoods. The release states that the development vision of each neighbourhood president helped shape the terms of the agreement. Panoro describes the accord as carrying the same spirit of collaboration seen in similar agreements signed with prior municipal administrations. The company's disclosure suggests the arrangement is intended to improve connectivity, infrastructure, and overall living conditions for local residents while reinforcing the project's social licence to operate.

CEO Statement on Cotabambas Community Commitment

Luquman Shaheen, President and CEO of Panoro, stated in the release: "We are very excited to be strengthening our presence and our commitment to the District of Cotabambas. This Agreement reaffirms our commitment to work hand in hand with the Municipality and the communities of Cotabambas, contributing to a relationship of trust and collaboration and combining our efforts toward shared long-term goals." The company also noted it was invited to participate in the 2026 Independence Day parade held in the District of Cotabambas on July 29, 2026.

Cotabambas Project Resource Base and Drill Programme

The Cotabambas Project hosts Indicated Mineral Resources of 507.3 million tonnes grading 0.33% copper, 0.20 g/t gold, and 2.42 g/t silver, alongside Inferred Mineral Resources of 496.0 million tonnes grading 0.27% copper, 0.17 g/t gold, and 2.53 g/t silver. A higher-grade component within the resource totals 129.0 million Indicated tonnes grading 0.70% copper and 0.44 g/t gold. The company states it is currently running a drill programme targeting expansion of these higher-grade resources. Technical content was reviewed and approved by Luis Vela, P.Geo., Vice President, Exploration, as Qualified Person under NI 43-101.