Eloro Resources Ltd. Sees Substantial Resource Growth at Iska Iska

Eloro Resources Ltd., assessed by Sphene Capital GmbH, has received a Buy recommendation following an update on their Iska Iska project in Bolivia. The project's Mineral Resource Estimate (MRE) now includes significant resource growth, marking a pivotal shift toward development-stage operations. This shift enhances the project's economic visibility, highlighting improved geological confidence and metallurgical refinements.

The new MRE shows Indicated Resources of 85.17 million tonnes at a grade of 40 g/t Ag and Inferred Resources at 945.43 million tonnes at a grade of 8.5 g/t Ag. The combined resources now exceed 1 billion tonnes, which typically boosts valuation in the mining sector. Eloro's shares have been given a target price of CAD 20.80, slightly adjusted due to an increase in shares.