Unico Silver

Two high-grade, development-ready silver assets in Argentina’s premier district.

Paragon benefited from positions in ASX-listed silver miner Unico, which rocketed 84 per cent last month and Canada’s Argenta Silver, up 43 per cent.

Unico expanded the Cerro León silver resource in Argentina by 73% since acquiring it in 2023, reaching 162 million ounces at 161 grams per tonne silver equivalent. The company plans to grow the resource further with an upcoming update for the Joaquín project.

Precious metals are naturally occurring commodities with high monetary value due to their rarity, durability, and intrinsic properties. The best known are gold and silver, which are also known as coinage metals.

Unico managing director Todd Williams told Stockhead the company was aiming to have its first economic study out in the current half, in line with Argentina’s RIGI investment framework, which provides incentives for new developers. “Essentially, what we’re trying to do is position the project as being Argentina’s next silver mine,” he said.

Unico Silver (ASX:USL) has received drill results validating its geological model and demonstrating that the La Negra prospect’s system is larger than previously interpreted, within the Joaquin Project in Argentina.

Unico Silver (ASX: USL) has delivered a significant leap forward in its quest to define a major silver resource in Argentina, with the latest drilling at the La Negra prospect producing a spectacular intercept that underscores the scale and grade potential of the Joaquin Project.

With a portfolio of five advanced assets and a resource base of 160 million silver-equivalent ounces, Unico Silver is positioned as one of the largest landholders in Argentina’s Santa Cruz region, reinforcing its role as a key player in the country’s silver mining sector.

Local Employment & Pathways Unico prioritises local hiring and Argentina-based suppliers wherever possible.

Peter Mullens is a geologist with 30 years of experience in the minerals industry, including leading Mount Isa Mines’ entry into the Cerro Negro project and co-founding the Ironbark Group.

The company develops a tier-1 silver mine in Argentina’s Santa Cruz gold and silver province.

Nomination & Remuneration Committee Charter

Suite 2, Level 11 385 Bourke Street Melbourne, VIC 3000

Foundational 330Moz AgEq JORC Mineral Resource.

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