Andean Silver Reaffirms Cerro Bayo Resource Basis and Reporting Standards

Mitre Mining Corporation Limited ( (AU:ASL) ) has shared an update.

Andean Silver Ltd has outlined updated information on its Cerro Bayo Silver-Gold Project in Chile, confirming that its mineral resource estimates, previously increased to 111 million ounces silver equivalent, remain supported by existing data and assumptions. The company reiterates that its metal equivalent calculations are based on established silver and gold prices, historical metallurgical recoveries of around 90%, and past processing performance at the nearby Cerro Bayo plant.

The disclosure emphasises compliance with the JORC Code and clarifies that reported resources may not align with Canadian NI 43-101 or U.S. SEC standards, underlining jurisdictional differences for investors. Andean Silver also highlights key investment risks and the non-prospectus nature of its presentation, signalling that while Cerro Bayo’s technical basis appears robust, investors must independently assess regulatory, operational and funding uncertainties around the project.

The most recent analyst rating on (AU:ASL) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Mitre Mining Corporation Limited stock, see the AU:ASL Stock Forecast page.

More about Mitre Mining Corporation Limited

Andean Silver Ltd is an Australian-listed mining company focused on silver and gold exploration and development. The company’s flagship asset is the Cerro Bayo Silver-Gold Project in Chile’s historic silver district, where it targets economically recoverable precious metal resources under the JORC Code framework.

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Technical Sentiment Signal: Buy

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