Fredonia Mining Advances El Dorado-Monserrat Project

Fredonia Mining has announced significant technical advancements at its flagship El Dorado-Monserrat gold project in Santa Cruz Province, Argentina. The company has formally initiated a Preliminary Economic Assessment (PEA) for the project, aiming to evaluate the economic viability of a conceptual open-pit gold mining operation. This PEA will analyze mining methods, processing routes, infrastructure, costs, and project economics, based on the current mineral resource estimate of 81.3 million tonnes with a 0.86 g/t gold equivalent grade, containing approximately 2.25 million ounces of gold equivalent. Fredonia Mining has engaged GeoInvestment SpA to lead the PEA, which is expected to be completed in Q3 2026. In parallel, the company is preparing for its next phase of drilling to expand the mineralized system. This move marks Fredonia Mining's transition from an exploration company towards a development-stage company.