Aguia Resources Limited has released an update on its Atocha Project in Tolima, Colombia, following an independent NI 43-101 technical report. The project covers over 2,584 hectares and targets a vein-type orogenic system modified by a low‐sulphidation epithermal overprint. Historical surface sampling at Veta Grande East delivered notably high-grade gold and silver values, including a chip sample returning 14.65 grams per tonne (g/t) gold and 1,370 g/t silver. Previous exploration from 2013–2014, along with drilling operations conducted between 2021 and 2023 by Baroyeca Gold & Silver Inc., has confirmed the presence of exceptional mineralization with drill intercepts such as a 1.1‐meter section in hole AT-21-01 (averaging 13.11 g/t gold and 153.8 g/t silver over 0.5m, followed by a 0.6m section of 4.51 g/t gold and 364 g/t silver) and hole AT-21-02 recording 20.14 g/t gold and 723 g/t silver over 0.8m. In total, 25 drill intercepts have averaged more than 200 g/t silver equivalent over approximately 0.50 meters. The announcement also reveals that Aguia Resources Limited will commence surface reconnaissance and prospecting work in early July 2025 on the northeastern corner of the property, with the goal of following up on known mineralized corridors and generating additional drill targets. Executive Chairman Warwick Grigor emphasized that the Atocha Project is situated within Colombia’s richest colonial silver district, highlighting the global significance of the high-grade mineralization already observed on the site and the vast potential that the largely underexplored property holds. Technical details underpinning the update include georeferenced chip sampling methods and systematic diamond drilling techniques, with drill cores showing high recovery and accuracy in mineralized zones. The updated report adheres to National Instrument 43-101 and Australasian JORC guidelines, ensuring the quality of assay data and the reliability of the exploration results. Moreover, the press release reiterates Aguia’s broader strategy through its proposed takeover of Andean Mining Limited, which includes high-grade gold, silver, and copper projects in Colombia such as the Santa Barbara Gold Mine and El Dovio. Market sentiment from this technical update appears bullish due to the promising drill intercepts and impressive surface sampling grades, which provide a strong foundation for future exploration and potential resource expansion. However, the early-stage nature of the project and the limited depth testing to only shallow parts of the mineralized veins introduce uncertainties, leading to some bearish caution among investors focused on the risks inherent in early exploration projects.