AngloGold Ashanti terminates option for Organullo Gold Project

Latin Metals announces that AngloGold Argentina Exploraciones has provided Latin Metals with 90 days written notice of its intention to terminate its option agreement to acquire an up to 80% interest in the Organullo, Ana Maria and Trigal properties. The Notice, dated October 29, 2025, provides for a termination effective January 27, 2026. The Phase I drill program for Organullo will not proceed. AngloGold Ashanti’s (AU) decision to withdraw from the Organullo agreement arises as a result of a change by AngloGold Ashanti in its global Greenfields Exploration strategy. During the Option period, AngloGold was targeting a multi-million-ounce, Tier 1 discovery at Organullo and defined multiple high-priority drill targets, including three previously unexplored advanced argillic alteration zones extending along a 6 km strike length. District-scale geophysical anomalies, structural interpretations, surface geochemical results, and hyperspectral data collectively support the project’s strong potential for a significant gold discovery. Over the course of the Option, AngloGold invested approximately $3.3M in exploration and permitting activities. The Organullo property was also expanded through the acquisition of additional mineral rights, which now form part of the consolidated property package.