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Serabi Gold Files NI 43-101 Technical Report for the Palito Complex

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Serabi Gold files NI 43-101 Technical Report for updated mineral resource and reserve estimates at Palito Complex.

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Serabi Gold (AIM:SRB, TSX:SBI; OTCQX: SRBIF) the Brazilian focused gold mining and development company, is pleased to announce that it has publicly filed its detailed Technical Report (the “Technical Report”) of its updated mineral resource estimate (“Mineral Resource Estimate”) and mineral reserve estimate (“Mineral Reserve Estimate”) for its 100% owned Palito Complex, located in Pará State, Brazil, within the Tapajós region. The Technical Report is dated September 3, 2025, effective March 31, 2025, and supports the scientific and technical disclosure in the Mineral Reserve Estimate and Mineral Resource Estimate (see July 31, 2025, press release).

The Technical Report is titled “Palito Mining Complex, NI 43-101 Technical Report, Pará State, Brazil” and was prepared by NCL Ingeniería y Construcción SpA (“NCL”) of Santiago, Chile for the Project and has been reviewed and approved by the following qualified persons under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") in accordance with the rules of the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM"), which is an internationally recognised standard pursuant to the AIM Rules.

Qualified Persons

  • Carlos Guzmán, RM CMC, FAusIMM, Principal/Project Director, NCL
  • Gustavo Tapia, RM CMC, Metallurgical and Process Consultant, GT Metallurgy
  • Nicolás Fuster, RM CMC, MAusIMM, Geologist

The full Technical Report is available under the Corporation's profile on SEDAR+ (www.sedarplus.ca) and on the Corporation's website at https://www.serabigold.com/

Assay results reported within this release include those provided by the Company's own on-site laboratory facilities at Palito and have not yet been independently verified. Serabi closely monitors the performance of its own facility against results from independent laboratory analysis for quality control purpose. As a matter of normal practice, the Company sends duplicate samples derived from a variety of the Company's activities to accredited laboratory facilities for independent verification. Since mid-2019, over 10,000 exploration drill core samples have been assayed at both the Palito laboratory and certified external laboratory, in most cases the ALS laboratory in Belo Horizonte, Brazil. When comparing significant assays with grades exceeding 1 g/t gold, comparison between Palito versus external results record an average over-estimation by the Palito laboratory of 6.7% over this period. Based on the results of this work, the Company's management are satisfied that the Company's own facility shows sufficiently good correlation with independent laboratory facilities for exploration drill samples. The Company would expect that in the preparation of any future independent Reserve/Resource statement undertaken in compliance with a recognized standard, the independent authors of such a statement would not use Palito assay results without sufficient duplicates from an appropriately certificated laboratory.

Notice

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

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