Organullo Project

Catalyst Summary

Expanded and Fully Permitted

Organullo is a 100%-owned gold project under option to AngloGold Ashanti plc. With three priority targets within a 6 km+ corridor of advanced argillic alteration, newly added exploration ground, and permits for up to 11,900 m of drilling, the first partner-funded drill program is planned to begin in Q4 2025.

Large, Untested Gold System

The Organullo Project is a 100%-owned exploration property located in Salta Province, northwest Argentina. The project hosts widespread alteration and mineralization with geochemical and geophysical anomalies and targets extending over a 6-km strike length, making Organullo one of the largest untested gold exploration targets in Argentina.

Historical Work

Organullo has long been recognized as a gold exploration project, with locally high-grade surface samples and small-scale production at the Julio Verne Mine in the 1930s. Much of the historical 10,000 m of drilling has been focused on only one target area, leaving significant untested potential now recognized by AngloGold Ashanti.

Copper Potential

In addition to gold-dominated exploration targets, there is additional potential for discovery of copper-dominated porphyry systems, adding scale and diversity to the project’s exploration upside.

Strategic Location & Infrastructure

Salta Province is home to significant deposits including the Taca Taca copper project (First Quantum) and the Lindero gold mine (Fortuna Silver), as well as numerous advanced exploration projects. Organullo is located just 20 km south of San Antonio de los Cobres and 100 km north of Salta city, with excellent infrastructure nearby.

Recent Developments

Project Expansion
Latin Metals consolidated its land position with the acquisition of the Malena VI and Malena VII properties. This expansion extends the prospective structural corridor by several kilometers, creating new opportunities for target generation adjacent to established anomalies.

Drill Permit Secured
Latin Metals’ subsidiary, Cardero Argentina S.A., received approval of its Social & Environmental Impact Report (SEIR), granting a permit for up to 11,900 m of diamond drilling. This milestone clears the way for AngloGold Ashanti to launch the first systematic drill program under the option agreement in Q4 2025.