Projects

Overview

Defining Large Mineralizing Systems in Peru’s New Frontier Areas

Hannan Metals Limited is an exploration company advancing gold and copper projects in Peru and Sweden. In Peru, the Company is opening up search spaces in new geological frontiers to find the next generation of large-scale copper-gold deposits, with its Previsto gold-copper prospect as its primary focus, alongside the Belen porphyry–epithermal trend.

In Sweden, Hannan holds an option to acquire up to 100% of three gold projects —
Stavaträsk, Ädelfors and Skellefteå North — totalling 8,405 hectares in established and emerging Swedish mining districts, with diamond drilling underway at Stavaträsk.

Peru remains the Company’s primary focus; the Swedish projects complement, and do not replace, that priority.

Hannan’s flagship project is Valiente, located in the Huánuco department of central Peru. Here, the Company is targeting Miocene-age porphyry copper-gold systems in a back-arc setting. The belt is considered a potential new metallogenic province of Peru. Located far inboard of the conventional Andean porphyry belt, the project shows regional similarities to large deposits such as the Bajo de la Alumbrera copper-gold porphyry in Argentina. Hannan completed a first pass drill program at the Belen trend (a 12 km corridor containing three distinct prospects: Vista Alegre, Ricardo Herrera, and Sortilegio) in February 2026, while simultaneously advancing drill permitting for the large alkaline epithermal–porphyry gold-copper system at Previsto, in the northern part of the tenure package.

In June 2026, Hannan secured an option to acquire up to 100% of three gold projects in Sweden: Stavaträsk and Skellefteå North, located in the Skellefteå district of northern Sweden, and Ädelfors, in Jönköping County in southern Sweden. The projects total 8,405 hectares and were acquired through a low-cost, share-based option structure. Full terms were set out in the Company’s news release dated June 10, 2026.

Diamond drilling commenced at the Stavaträsk project in June 2026. Stavaträsk lies approximately 20 km north of the past-producing Boliden gold deposit, on the regional-scale Vidsel–Röjnoret Shear System, and a staged program of up to 2,000 metres is planned to test a structurally hosted gold–copper–silver system defined at surface. Ädelfors is a historic gold district, officially worked since 1738, where no known exploration drilling has been completed to date. Skellefteå North, on the same belt as Stavaträsk, hosts gold over a reported 6.5 km outcrop trend of which less than 5%
has been drill-tested.

Sweden ranks among the top 10 jurisdictions in the most recent Fraser Institute Annual Survey of Mining Companies investment-attractiveness ranking, with established infrastructure, low-cost hydropower and a skilled workforce. The Stavaträsk drill permit was granted within approximately four weeks of application.

Hannan is combining traditional “boots on the ground” exploration with new technologies such as high-resolution LiDAR survey to map surface geology under the dense jungle cover and portable XRF machines for systematic real-time soil sampling.

The Company considers working alongside local stakeholders as mission critical.  Our social work has laid credible foundations that have allowed us to explore prospective areas which have not previously experienced systematic exploration.

Hannan’s exploration programs are fully funded in 2026. At Previsto, the Company is advancing detailed exploration programs including soil sampling, geological mapping, and trenching, while preparing for the submission of the DIA (DIA Amanecer). In Sweden, the Company is advancing initial drill programs and project derisking across the properties.

Hannan is uniquely leveraged to make significant grassroots discoveries in prospective terrains in Peru and Sweden.  If successful, these will be compelling targets for the major gold and copper mining houses in the years to come.