• Sphene Capital maintained its Buy rating on Eloro Resources in an October 16, 2026, research update.
• The 24-month price target remained CAD 18 per share, based solely on Bolivia's Santa Barbara Breccia Pipe, excluding other assets.
• Drillhole DSB-96 intersected 87.10 meters grading 73.26 grams per metric ton of silver at the Iska Iska project.
• The research firm viewed the drilling results as progress toward geological de-risking rather than establishing economic viability.
• Commercial viability hinges on demonstrating that an attractive portion of the deposit can be mined, processed and financed under realistic assumptions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Eloro Resources Ltd. published the original content used to generate this news brief via EQS News (Ref. ID: rc_27104) on October 16, 2026, and is solely responsible for the information contained therein.