AbraSilver Awards Bridging Engineering Contract to Worley, Advancing Diablillos Toward a Construction Decision
AbraSilver Awards Bridging Engineering
Contract to Worley, Advancing Diablillos
Toward a Construction Decision
Toronto, Ontario--(Newsfile Corp. - August 27, 2026) -
AbraSilver Resource Corp. (TSX: ABRA)
(OTCQX: ABBRF) ("AbraSilver" or the "Company")
is pleased to announce that it has issued a
Limited Notice to Proceed ("LNTP") to Worley to commence the bridging engineering phase for the
Company's 100%-owned Diablillos silver-gold project ("Diablillos" or the "Project"), located in the Puna
region across the provinces of Salta and Catamarca, Argentina.
The award follows completion of the Definitive Feasibility Study ("DFS") for Diablillos, which was also
delivered by Worley, and initiates the workstreams required to support a final investment decision
("FID") targeted for the second quarter of 2027.
Under the bridging phase, Worley will build on the detailed engineering, technical, environmental and
economic outcomes completed through the DFS, awarded in 2025.
Working closely with AbraSilver's Chief Operating Officer Jeremy Weyland, newly appointed Project
Director John Naisbitt, and the AbraSilver team in Argentina, Worley teams in Argentina and Canada,
together with its Global Integrated Delivery centre in Colombia, will help further define and de-risk the
Project, providing engineering design, technical studies, procurement services, cost estimates,
scheduling, permitting support and other elements required to develop an execution plan.
The scope also includes planning for a site camp to accommodate the construction and operations
workforce. The team will assess modular construction options while accounting for the Project's high-
altitude location, remoteness and limited infrastructure.
Jeremy Weyland, Chief Operating Officer of AbraSilver, commented, "Awarding this next phase of work
to Worley following the DFS keeps Diablillos moving without interruption along the path to construction.
Worley knows this project well, and their global mining expertise and proven project delivery track record
make them the right partner to advance the engineering, procurement and permitting workstreams that
underpin our targeted final investment decision in the second quarter of 2027."
"We're pleased to build on our partnership with AbraSilver and support the Project as it moves into this
next phase," said Andrea Casciano, Senior Vice President for LATAM at Worley. "This is an important
transition period for Diablillos. By combining the capabilities of our multi-center team with our mining
expertise and project delivery experience, we will progress the execution elements needed to support
the project toward a final investment decision."
About AbraSilver
AbraSilver is a leading silver-gold development company focused on advancing its 100%-owned
Diablillos Project in the mining-friendly provinces of Salta and Catamarca, Argentina. The recently
completed Definitive Feasibility Study highlights Diablillos as a robust, high-margin, long-life precious
metals project with significant production potential and substantial exploration upside. In addition, the
Company has entered into an earn-in option and joint venture agreement with Teck on the La Coipita
project, located in the San Juan province of Argentina. AbraSilver is listed on the TSX under the symbol
"ABRA" and in the U.S. on the OTCQX under the symbol "ABBRF."
For further information please visit the AbraSilver website at
www.abrasilver.com
, our LinkedIn page at
AbraSilver Resource Corp.
, and follow us on X at
www.x.com/abrasilver
Alternatively, please contact:
John Miniotis, President, CEO and Director
Tel: +1 416-306-8334
Forward-Looking Statements
This news release contains "forward-looking statements" and/or "forward-looking information"
(collectively, "forward-looking statements") within the meaning of applicable securities legislation. All
statements, other than statements of historical fact, are forward-looking statements. Generally, forward-
looking statements can be identified by the use of forward-looking terminology such as "plans", "expect",
"is expected", "in order to", "is focused on" (a future event), "estimates", "intends", "anticipates",
"believes" or variations of such words and phrases or statements that certain actions, events or results
"may", "could", "would", or the negative connotation thereof. Forward-looking statements in this news
release include, but are not limited to, statements with respect to the Company's future operations, future
exploration and development activities, the expected benefits of the management and board changes
announced herein, the roles and responsibilities of the newly appointed officers and directors, the
Company's plans to make additional appointments to its Project Development team at the Diablillos site
and at the corporate level, and the Company's plans for advancing the Diablillos project toward a formal
construction decision.
The Company considers its assumptions to be reasonable based on information currently available but
cautions the reader that these assumptions regarding future events, many of which are beyond the
control of the Company, may ultimately prove to be incorrect since they are subject to risks and
uncertainties that affect the Company, its properties and business. Such risks and uncertainties include,
but are not limited to, the ability of newly appointed officers and directors to execute on the Company's
strategic objectives; changes in demand for and price of gold, silver and other commodities; changes or
disruptions in the securities markets; legislative, political or economic developments in Argentina; the
need to obtain permits and comply with laws and regulations and other regulatory requirements; the
possibility that actual results of work may differ from projections/expectations; risks of accidents,
equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; and the
risks involved in the exploration, development and mining business and the additional risks described in
the Company's most recently filed Annual Information Form, annual and interim management's
discussion and analysis and other disclosure documents which are available on SEDAR+
(
www.sedarplus.ca
) under the Company's issuer profile. Although management of the Company has
attempted to identify important factors that could cause actual results to differ materially from those
contained in forward-looking statements, there may be other factors that cause results not to be as
anticipated, estimated or intended. The Company disclaims any intention or obligation to update or
revise any forward-looking statements whether as a result of new information, future events or otherwise,
except as required by applicable securities laws.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/311634