RE: Reducing the existing limited free float with buy and retain holders15 Apr 2026 21:36
No expert. But hope this is helpful.
Palito is Serabi’s flagship and processing hub. It has been in continuous production for over 20 years, consistently delivering 30–40 koz Au pa (ramping to 50–60 koz in 2026), with a 650 tpd flotation/CIP plant on site. It is the central operating asset in Serabi’s “two-mine, one-plant” model.
Sao Chico is a satellite deposit, not the primary operation. Mining was suspended in 2023 purely for economic/plant-capacity reasons (not resource exhaustion). Ore from Sao Chico was marginal at the time and could not be ore-sorted effectively, so it was deprioritised in favour of higher-grade feed from Palito and Coringa. Serabi only began reassessing a modest restart in early 2026 because of higher gold prices and the planned fourth ball mill at Palito (increasing plant capacity to 330 ktpa).
Geology is similar, but scale and status differ. Both deposits sit in the same Paráuari-suite granites/granodiorites with mesothermal quartz ± chalcopyrite-pyrite veins. Sao Chico’s Main Vein is also narrow (1–3.9 m), steeply dipping, and high-grade. However, Palito has far greater scale, resources, and proven mine life, making it the natural reference point.
Jangada highlights Palito because it is the stand-out producing hard-rock success story in the immediate district and matches Molly’s vein style and setting. Sao Chico, although geographically closer, is a secondary satellite asset that was on care-and-maintenance until very recently and is not used as the regional benchmark in any public Jangada materials.
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