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Montserrat

Variscan Mines (ASX:VAR) has reported the updated JORC (2012) compliant Mineral Resource Estimate (“MRE”) for the Novales-Udias Project, located in Cantabria, northern Spain.

➡️ 3x total mineral resource growth in only 13 months from initial, maiden MRE

➡️ Defined Measured Resources over the Novales-Udias Project for the 1st time 

➡️ Substantial increase in geological confidence; Measured & Indicated Resources represent 67% of the contained tonnes for San Jose Mine 

➡️ Forthcoming Mine Re-Start Study to be based on 1.7Mt @ 8.6% Zn, 1.4 %Pb utilizing Measured + Indicated mineral resources 

➡️ Updated MRE maintains Novales-Udias as one of the highest grade zinc mineral deposits currently owned by an ASX listed company 

➡️ Mineralization remains open along strike, and at depth; +60% of the 12km Novales Trend yet to be included in a MRE 

➡️ Current drilling underway at the Udías Mine together with complementary exploration activities will be included in a further MRE update in 2025

Variscan Mines Three Fold Increase in High Grade Mineral Resource to 3.4Mt