AbraSilver Selects Worley to Lead Engineering for Diablillos Definitive Feasibility Study
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AbraSilver Selects Worley to Lead Engineering for Diablillos Definitive Feasibility Study
Toronto – April 09, 2025: AbraSilver Resource Corp. (TSX: ABRA; OTCQX: ABBRF) (“AbraSilver”
or the “Company”) is pleased to announce the selection of Worley Limited (“Worley”), a leading global
professional services company of energy, chemicals and resources experts, as the engineering
contractor for the Definitive Feasibility Study (“DFS”) on its flagship Diablillos silver-gold project in
Argentina.
The decision follows a competitive evaluation process to identify a top-tier engineering partner to advance
Diablillos toward a construction decision in the second half of 2026. Worley brings deep expertise in
advancing precious metals projects and has recent project delivery experience in Argentina’s lithium
sector in the Puna region, near Diablillos. Engineering work will be conducted through Worley’s offices
in both Canada and Argentina.
“We are very excited to partner with Worley to unlock the potential of the Diablillos project and advance
towards an investment decision”, said Jeremy Weyland, Senior Vice President, Projects and
Development. “Their bench strength in mining and mineral processing, and ongoing EPCM work with our
neighbours in the lithium sector, provide a unique combination of global expertise and local project
execution in Argentina.”
The DFS will incorporate updated Mineral Reserve Estimates following the Company’s recent successful
completion of the Phase IV drill program. The study will also focus on advancing several value
optimization opportunities in mine planning, power supply, infrastructure layout and a fit-for-purpose
review of key capital components. The results from the DFS are expected in Q1/2026, alongside other
key milestones including EIA approval by Q4/2025 and qualification under RIGI (Argentina’s investment
incentive regime), expected in Q1/2026.
About Worley
Worley is a leading global professional services company of energy, chemicals, and resources experts. With around
50,000 employees in 45 countries, Worley partners with customers to deliver projects and create value over the life
of their assets. The company is bridging two worlds, moving towards more sustainable energy sources, while
helping to provide the energy, chemicals, and resources needed now. The company’s expertise spans major
disciplines, including mine engineering, metallurgy, and process safety, as well as core project services like project
management and construction management, across the mining value chain from due diligence and feasibility
studies to procurement, construction, and commissioning.
About AbraSilver
AbraSilver is an advanced-stage exploration company focused on rapidly advancing its 100%-owned Diablillos
silver-gold project in the mining-friendly Salta and Catamarca provinces of Argentina. The current Proven and
Probable Mineral Reserve estimate for Diablillos, from a recently completed Pre-Feasibility Study, consists of 42.3
Mt grading 91 g/t Ag and 0.81 g/t Au, containing approximately 124 Moz silver and 1.1 Moz gold, with significant
further exploration upside potential. 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 Toronto Stock Exchange under the symbol “ABRA” and in the U.S. on the OTCQX under the symbol
“ABBRF.”
For further information please visit the AbraSilver Resource 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 and CEO
Tel: +1 416-306-8334
Cautionary Statements
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation.
Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while
considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause
the actual results and future events to differ materially from those expressed or implied by such forward-looking
statements. All statements that address future plans, activities, events or developments that the Company believes,
expects or anticipates will or may occur are forward-looking information. There can be no assurance that such
statements will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking
statements. When considering this forward-looking information, readers should keep in mind the risk factors and
other cautionary statements in the Company’s disclosure documents filed with the applicable Canadian securities
regulatory authorities on SEDAR+ at www.sedarplus.ca. The risk factors and other factors noted in the disclosure
documents could cause actual events or results to differ materially from those described in any forward-looking
information. 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 law.
Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts
responsibility for the adequacy or accuracy of this news release