Valor Resources Limited reported a substantial increased JORC (2012) Mineral Resource Estimate including a maiden Measured Resource Estimate for the Berenguela Copper-Silver Project. The revised Resource Estimate is a result of the highly successful drilling program conducted at Berenguela during 2017. The company has previously announced that it intends to conduct further drilling during 2018. Resource estimate highlights are: 80% overall increase in total resources; 37% increase in total contained copper to approximately 772M lbs of Cu; 37% increase in total contained silver to approximately 127M oz of Ag; 45% increase in total contained zinc to approximately 286M lbs of Zn; and Maiden Measured Resource: 7.71Mt at 1.60% CuEq, Indicated Resources: 28.23Mt at 1.24% CuEq, Inferred Resources: 9.98Mt at 1.15% CuEq, and total: 45.92Mt at 1.27% CuEq (cut-off of 0.50% CuEq). Valor is in the process of completing an updated scoping study utilising the revised Resource Estimate to establish a new set of baseline project economics. Valor is also completing the design of the next phase of drilling which will focus on testing high grade copper and silver extensions of the Northern border of the deposit (beyond platforms 006, 007 and 008), high grade copper extensions in the SE of the deposit (beyond platforms 025 and 031) and high grade copper and silver mineralisation in the central and western zones (beyond platforms 001, 029). The Company will inform the market as the next drill program design is completed and the project progresses.