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Unico Silver Limited (ASX:USL)

ALERT: Price-sensitive ASX Announcement for USL
Current share price for USL : $0.603 -0.013 (-2.03%)+
Announcement
Release
9 Jul 2026 9:29AM
Price at Release
$0.615
Full Release
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Summary
Unico Silver Limited has secured a strategic land position for the Joaquin Development by acquiring a 100% interest in the La Mata estancia, covering approximately 10,172 hectares of strategic freehold land. This acquisition, through its Argentine subsidiary, Unico Silver Argentina SA, marks a significant milestone in de-risking the Joaquin Pre-Feasibility Study and future project development. The land will host key infrastructure such as the processing plant and tailings storage facility, replacing the historical 2017 Mining and Access agreement with Pan American Silver, which was set to expire in 2034. The acquisition was funded by an initial cash consideration of US$3.5 million from existing cash reserves, with further payments structured through equity and deferred cash. The Joaquin Project, part of the Santa Cruz portfolio where Unico holds 100% interest, hosts a significant silver-gold mineral resource, with ongoing exploration activities expanding the potential resource base.
Key Points
  • Unico Silver Limited acquired La Mata estancia securing 10,172 hectares.
  • The acquisition de-risks the Joaquin Pre-Feasibility Study (PFS).
  • It replaces the 2017 Pan American Silver agreement expiring in 2034.
  • The purchase was funded partly by existing cash reserves.
  • The Joaquin Project has a significant mineral resource base.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.