Hannan Metals Limited announced that a significant copper-gold porphyry discovery continues to expand at the Previsto Central prospect within the 100%-owned Valiente Project in Peru. Discovery: Outcropping porphyry-style copper and gold mineralization has been discovered over a significant 10 km by 5 km area at Previsto Central to Previsto East within a previously unmapped area. The gold anomaly has doubled in size over the last month and now exceeds 2 km by 4 km.

Impressive copper rich outcrops (formed from blue azurite, a copper oxide) have been identified with many assay results in the laboratory, including channel sampling up to 192 m long. Upper parts of a porphyry mineral system with scale: Mapping continues to demonstrate the scale of the mineral system. Alteration is dominated by phyllic and intermediate argillic alteration assemblages where pyrite dominates over chalcopyrite, indicating the outcropping rock exposures represent the upper parts of a porphyry Mineral system.

The new discovery coincides with a 10 km x 5 km large airborne magnetic and radiometric potassic anomaly. Hannan is planning 70 km regional scale IP lines across the entire system for September 2024, to demonstrate the scale and extent of the system in three dimensions.uster: The Previsto discovery is the eighth significant porphyry and/or epithermal target discovered within an area of 25 km by 10 km at Previsto and Belen that Hannan now believes represents a district-scale porphyry cluster. The company is just seeing a glimpse of what is hidden under thin soil cover and to date the company have only explored a very small portion of the 10 km by 5 km target area.

A team of six geologists is working on the project supported by two technicians and a large group of local residents acting as field support during the dry season as company continue de-risk and move Previsto Central forward to drill permitting as soon as possible. Having just entered the optimal dry season Hannan's technical teams are focused on mapping and soil sampling the entire Previsto Central target covering an area of 10 km by 5 km. Previsto Central exhibits highly anomalous soil geochemical anomalies over 1,000 m, with anomalous rock chip samples and numerous windows of exposed copper and gold mineralization within a 4 km by 2 km area.

A detailed cross section was made across the broadest part of the 4 km wide alteration system. The section demonstrates a 700 m wide alteration zone, open to the east and west, showing phyllic and intermediateargillic alteration of a K-feldspar porphyry and feldspar porphyry. Soil sampling continues to expand the footprint of the porphyry copper-gold system at Previsto Central.

Hannan has already started to receive observations and feedback from the relevant authorities. Drill permitting times in Peru appears to be improving and the social support from the project remains strong and the Company completed the last observation to the application, being a water survey by the local water authority, over the last two weeks. The permit area contains two outcropping porphyry targets (Ricardo Herrera and Sortilegio) and one zone with signatures of both porphyry-epithermal and skarn mineralization (Vista Alegre).

The Company expects drill rigs on the ground in San Martin in October 2024. A two-stage drill program is planned: First stage: A 2,000 m diamond drilling program over a 2 km strike of mapped surface mineralization down to 800 m depth. Second stage: Subject to Stage 1, a further 1,500 m drill program to test the continuity of mineralization.

Subject to results in Stage 1 or Stage 2 additional areas may be tested within the 7 km long permitted area. San Martin West (JOGMEC JV - Peru) Environmental data collection to support a new DIA application at San Martin West has commenced and will be completed in the coming 2 months. The environmental data is being collected at San Martin West over an outcropping copper-silver mineralization trend that has been mapped for over 2.3 km of strike including 5.8 m at 3.1% copper and 65 g/t silver from a surface channel sample (previously reported).