Pasinex Resources Limited has completed the sale of approximately 525 dry metric tonnes of high-grade zinc sulphide material produced by its wholly owned subsidiary Horzum A.Ş. in Türkiye.

The sold lot, originally included in an August tender process, yielded assay results of 46.2% zinc, 228 ppm germanium, and 86.0 g/t silver. Pasinex holds 100% ownership of Horzum following regulatory approvals and share transfers completed in late 2025.

Production at the Pinargozu mine has expanded to nine different levels across new and established areas. Operations have built on-site stockpiles to approximately 110 tonnes of high-grade zinc sulphide material and 125 tonnes of high-grade zinc oxide material. Pasinex is preparing the zinc oxide material for crushing and independent sampling ahead of a scheduled September or October sale, with monthly sales of zinc oxide forecast going forward.

Underground development is advancing across multiple headings following a 1,000-metre development plan launched in December 2025. The +410 Project main drive has advanced approximately 85 metres, the first drill-location heading has reached approximately 36 metres, and the T1 exploration drift has advanced to approximately 78 metres. Development at the +663 level has reached a previously intersected mineralized zone, with ground support work underway ahead of planned production.

“Completing this sale is another important step in building a consistent market for the high-grade material produced at Pinargozu. We are particularly encouraged by the combination of high zinc grades and recurring germanium and silver content demonstrated in our recent sales.”

“The significant contained value of germanium highlights an opportunity that has historically received limited recognition in the pricing of our material. Our objective is not only to increase the tonnes we produce, but also to maximize the value we receive from every tonne by developing relationships with customers and processors capable of recognizing these additional metals.”

— Dr. Larry Seeley, Executive Chairman of Pasinex

Read the full announcement: Pasinex Completes Sale of High-Grade Zinc Sulphide Material and Provides Pinargozu Operations Update