Eloro Resources Ltd. has announced a significant development in its Iska Iska silver-tin polymetallic project, located in the Potosi Department of southern Bolivia. The company has made a US$1.5 million option payment to Empresa Minera Villegas S.R.L., the title holder of the Iska Iska project. This payment leaves a final installment of US$1.15 million due by January 6, 2026. Under the amended option agreement, Eloro is required to make aggregate payments totaling US$10 million to secure a 100% interest in the project. Additionally, the company will apply a US$1.8 million credit from exploration expenditures on the adjacent Mina Casiterita property towards the Mina Casiterita/Mina Hoyada option agreement. To obtain full interest in these properties, Eloro must make a US$1.8 million cash payment within 12 months of acquiring the mining rights and issue 200,000 common shares to the titleholder upon transfer completion.