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NewEra Metal Resources expands its Los Castanos and Mallin Largo vanadium projects in Argentina.

17 February 2022 – Bromborough (UK): NewEra Metal Resources Ltd (the “Company” or “NewEra”) announces the application of three (3) new cateos (exploration concession) to expand its Los Castanos and Mallin Largo vanadium projects in the Malargue Department, Mendoza Province, west-central Argentina.

The new application at Los Castanos covers an area of 500 ha and surrounds the historic mine permit. Two new cateo applications at Mallin Largo cover a total area of 1,200 ha. The combined area of five cateos at the two projects is now approximately 2,500 ha.

Ownership at Los Castanos has recently changed, and it is thought that the new owners are considering re-commencing mining activity at this location. Historic drilling at Mallin Largo reports bitumen intersections at 200 m depth.

During 2022 the Company plans to expand its vanadium project portfolio in the Neuquen Basin of Argentina, and review uranium and base metal exploration opportunities in this large (120,000 km2 ), highly prospective and under-explored basin which covers parts of three provinces in central Argentina.

Martin Jackson

Mobile: + 44 (0)7852514878


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