Core Insights - DLP Resources Inc. has reported a maiden inferred mineral resource of over 1 billion tonnes at the Aurora Project in Peru, indicating a significant deposit of copper and molybdenum [1][4][3] Mineral Resource Summary - The inferred mineral resource totals 1,050 million tonnes with a grade of 0.20% copper, 0.05% molybdenum, and 2.4 g/t silver, equating to 4,650 million pounds of copper, 1,110 million pounds of molybdenum, and 80 million ounces of silver [4][10] - The resource is categorized into copper-rich and molybdenum-rich zones, with consistent mineralization distribution and potential for further expansion [4][6] Technical Report and Methodology - The mineral resource estimates were prepared in accordance with CIM Definition Standards and were based on 24 diamond drill holes totaling 18,400 meters [5][6] - The estimates utilized Leapfrog Edge software and ordinary kriging for grade estimation, with a net smelter return (NSR) cut-off value of $5.75 per tonne applied [7][10] Next Steps - The company plans to conduct further drilling to enhance geological and grade confidence in the existing mineral resources and to evaluate mineralized extensions [11]

Core Viewpoint - West Point Gold has resumed its maiden resource drill program at the Gold Chain Project in Arizona, aiming to generate data for a maiden resource estimate from the Tyro Main Zone [1][4]. Drilling Program - The current phase of reverse circulation drilling is planned to consist of at least 3,000 meters, focusing on the Tyro Main Zone and reducing the spacing between existing holes [2][3]. - The drill program will target specific holes, including GC23-24 (25.9m at 2.27 g/t Au), GC23-23 (44.2m at 2.01 g/t Au), and GC24-30 (89.5m at 1.08 g/t Au), as well as the area north of hole GC24-34, which returned 42.8m at 2.50 g/t Au [3]. Appointment of New Director - Conrad Nest has been appointed as an independent director, bringing over 25 years of experience in corporate governance, mergers and acquisitions, and securities law [5][7]. - Peter Mercer has stepped down from the Board but will continue as an advisor to the Company [5]. Upcoming Presentation - West Point Gold CEO, Quentin Mai, is scheduled to present at the Metals Investor Forum on March 1, 2025, at 3:30 PM ET [9]. Company Overview - West Point Gold Corp. focuses on gold discovery and development at four projects in the Walker Lane Trend, covering Nevada and Arizona, with a strategic emphasis on developing a maiden resource at the Gold Chain project [11].

Core Insights - Verde AgriTech Ltd has announced a maiden mineral resource estimate of 1.35 billion tons at 3,437 ppm of Total Rare Earth Oxides (TREO) and 793 ppm of Magnetic Rare Earth Oxides (MREO) for the Man of War Rare Earths Project, establishing it as one of the world's largest rare earths projects [1][2][7] Resource Estimate Details - The Reasonable Prospects for Eventual Economic Extraction (RPEE) is calculated with a 1,000 ppm TREO cut-off, and the estimate includes three targets: Nau de Guerra, Bálsamo, and Alto da Serra located in São Gotardo, Brazil [1][4][8] - The in-situ resource is reported as 1.50 billion tons with 3,430 ppm of TREO and 791 ppm of MREO, indicating a significant potential for the project [3][9] - The resource estimates are compliant with JORC and NI 43-101 standards, prepared under the supervision of Dr. Volodymyr Myadzel, a Qualified Person [10][21] Highlights by Target - Nau de Guerra: 120.09 million tons at 3,628 ppm TREO and 846 ppm MREO - Alto da Serra: 230.21 million tons at 3,684 ppm TREO and 875 ppm MREO - Balsamo: 1,145.62 million tons at 3,358 ppm TREO and 769 ppm MREO - Total: 1,495.93 million tons at 3,430 ppm TREO and 791 ppm MREO [8][9] Project Development and Spin-off - The spin-off of Oby Rare Earths Pty. Ltd. will facilitate focused development of the Man of War project, with a Special General Meeting scheduled for December 20, 2024, for shareholders to vote on the spin-off [6][7] - Oby plans to raise funds in Q1 2025 to advance the project, primarily for a scoping study and environmental impact assessment [6] Economic Potential - The discovery of a significant rare earth resource in Brazil is expected to redefine the global supply chain for critical minerals, positioning the Man of War Project as a key contributor to modern technologies [7]

Core Viewpoint - Titan Mining Corporation has successfully completed its maiden mineral resource estimate for the Kilbourne Graphite Project, indicating significant potential for graphite production in the U.S. supply chain [1][2]. Mineral Resource Estimate - The inferred mineral resource estimate is 22 million US short tons at an average grade of 2.91% Cg, containing 653,000 tons of graphite, based on a cut-off grade of 1.50% [2][5]. - The estimate is based on 45 diamond drill holes totaling 29,699 ft, representing a small subset of the total graphite-bearing unit identified [2][3]. - The mineral resource estimate covers a strike length of 7,000 ft out of a total of 25,000 ft, with potential for expansion along strike and down dip [2][12]. Project Development Plans - The Kilbourne Project is targeted for fast-tracking to commercial production, leveraging existing infrastructure and operational talent at the Empire State Mine (ESM) [2][17]. - A commercial demonstration plant is expected to produce concentrate in 2025, marking it as the first of its kind in full run-time in the U.S. [2][17]. - Preparations for an NI 43-101 Preliminary Economic Assessment will begin in early 2025 to define project economics [2][18]. Future Exploration and Testing - Phase II drilling is planned for H1 2025, aiming to increase mineral resource confidence from Inferred to Measured/Indicated status and extend high-grade mineralization zones [12][13]. - A Phase III test program is underway at SGS Lakefield to de-risk metallurgy and define product segmentation for the commercial demonstration plant [14][16]. Operational Synergies - The Kilbourne Project benefits from being co-located within the existing ESM mill facilities, which provides shared infrastructure and operational efficiencies [2][17]. - The company aims to maximize pricing for its products by aligning production capacity with market demand [3][25].

Core Viewpoint - Usha Resources Ltd. has finalized plans for an Induced Polarization (IP) survey at its Southern Arm polymetallic VMS property in Quebec, aiming to identify chargeability and resistivity anomalies associated with sulphides, which will inform a planned drill program [1][3][5]. Company Overview - Usha Resources Ltd. is a North American mineral acquisition and exploration company focused on developing critical metal properties, including the Southern Arm copper-gold VMS project in Quebec, a lithium brine project in Nevada, and a lithium pegmatite project in Ontario [7]. Survey Details - The IP survey will be conducted by Geophysique TMC over the Hollywood trend of metal anomalies within the Southern Arm claim block, targeting depths of over 350 meters [3][5]. - Field crews are set to begin the survey in mid-November, with results to be interpreted alongside a biogeochemical survey announced earlier [3][5]. Geological Context - The Southern Arm property is located in a mineral-rich region known for its precious and base metals, with notable nearby projects including the B26 deposit and the historic Selbaie mine [3][4]. - The property features a 7.3-kilometer conductive copper-gold trend along the Bapst fault, with geological formations similar to those of the Selbaie mine [4]. Future Plans - The results from the IP survey will be used to establish high-priority targets for a planned 3,000-meter maiden drill program scheduled to commence in winter 2024-2025 [3][5].

Investment Performance - Maiden Holdings has invested approximately $253.4 million into alternative investments, including equity securities and other asset classes, with an expectation to exceed the benchmark cost of capital [115]. - The company has achieved an internal rate of return of 24.4% and a capital multiple of 1.77x on $9.5 million invested in insurance distribution platforms [112]. - The alternative investments portfolio decreased by 24.8% during the three months ended September 30, 2024, due to sales and redemptions of private equity and private credit funds [112]. - The alternative investment portfolio decreased by 18.0% primarily due to sales and redemptions, but produced a positive net return of 4.1% during the nine months ended September 30, 2024 [119]. - The company reported net unrealized losses of $9.190 million on other investments, including equities, for the three months ended September 30, 2024 [193]. - Total net realized gains for the three months ended September 30, 2024, were $5.386 million, compared to a loss of $301,000 in the same period of 2023 [193]. - The internal rate of return for active alternative investments as of September 30, 2024, was 4.0%, with a multiple on invested capital of 1.10 [200]. - Private equity investments produced a total investment return of $10.4 million, with an internal rate of return (IRR) of 10.5% and a multiple on invested capital (MOIC) of 1.33 [201]. - Private credit investments generated a total investment return of $1.4 million, with an IRR of 5.2% and a MOIC of 1.10 [201]. - Alternative investments yielded a total investment return of $1.4 million, with an IRR of 4.8% and a MOIC of 1.12; however, fund investments showed an IRR of (7.9)% and a MOIC of 0.92 [201]. - Venture capital investments produced a total return of $0.5 million, with an IRR of 7.6% and a MOIC of 1.19; direct investments had an IRR of 13.1% and a MOIC of 1.46 [202]. - Total investment return for alternative investments for the nine months ended September 30, 2024, was $13,611,000, compared to $14,159,000 in 2023, reflecting a decrease of 3.9% [198]. Financial Performance - The company reported a net loss of $42.98 million for the nine months ended September 30, 2024, compared to a net loss of $17.79 million for the same period in 2023 [122]. - The company's book value decreased by 15.7% to $2.09 per common share, while non-GAAP book value decreased by 6.6% to $2.98 per common share at the same date [118]. - The run-off of historic reinsurance programs resulted in an underwriting loss of $36.0 million for the nine months ended September 30, 2024, driven by adverse prior year reserve development of $25.1 million [118]. - Net loss for the three months ended September 30, 2024, was $34.468 million, compared to a net loss of $3.527 million for the same period in 2023, indicating a significant decline in financial performance [132]. - Non-GAAP operating loss for the three months ended September 30, 2024, was $15.68 million, compared to $11.75 million for the same period in 2023, indicating a worsening of approximately 33% [215]. - Non-GAAP diluted operating loss per share attributable to common shareholders was $(0.16) for the three months ended September 30, 2024, compared to $(0.12) for the same period in 2023 [215]. - The company reported net loss and loss adjustment expenses (LAE) increased by $4.7 million for the third quarter of 2024 compared to the same period in 2023, with net adverse prior period development (PPD) of $11.7 million [144]. - The company reported a net decrease in non-USD denominated fixed maturities primarily due to sales and maturities of euro denominated corporate bonds during the nine months ended September 30, 2024 [186]. Premiums and Underwriting - Gross premiums written increased by $9.26 million to $25.63 million for the nine months ended September 30, 2024, compared to $16.37 million in 2023 [122]. - Gross premiums written for the three months ended September 30, 2024, were $8.861 million, compared to $8.660 million for the same period in 2023, representing an increase of 2.3% [131]. - Net premiums earned increased by $0.9 million (7.4%) and $5.4 million (16.5%) for the three and nine months ended September 30, 2024, respectively, driven by growth in Credit Life programs [135]. - The AmTrust Reinsurance segment reported an underwriting loss of $17.8 million for the three months ended September 30, 2024, compared to an underwriting loss of $8.4 million for the same period in 2023 [156]. - Underwriting loss for the nine months ended September 30, 2024, was $36.0 million, compared to an underwriting loss of $28.4 million for the same period in 2023, primarily due to adverse PPD of $25.1 million in 2024 [133]. Capital Management - The weighted average effective interest rate on the company's debt capital is 7.6%, influencing its strategic decisions [112]. - The ratio of debt to total capital resources increased to 55.8% as of September 30, 2024, compared to 51.3% at the end of 2023 [124]. - The company repurchased 1,488,400 common shares during the nine months ended September 30, 2024, as part of its capital management strategy [118]. - The company has a remaining authorization of $68.7 million for common share repurchases as of September 30, 2024 [208]. - Total capital resources decreased by $41.0 million to $470.5 million, primarily due to a net loss of $43.0 million for the nine months ended September 30, 2024 [206]. Liquidity and Cash Flow - Cash flows used in operating activities for the nine months ended September 30, 2024 was $19.2 million, a decrease from $66.0 million in the same period in 2023 [167]. - Cash flows provided by investing activities were $107.1 million for the nine months ended September 30, 2024, compared to $51.1 million for the same period in 2023 [168]. - At September 30, 2024, unrestricted cash, cash equivalents, and fixed maturity investments were $139.8 million, an increase of $66.4 million from December 31, 2023 [165]. - The total increase in cash, restricted cash, and cash equivalents for the nine months ended September 30, 2024 was $85.1 million [166]. - Investable assets decreased by $124.6 million during the nine months ended September 30, 2024, totaling $789.7 million [163]. Foreign Exchange and Inflation - The company’s non-USD denominated liabilities at September 30, 2024, included a reserve for net loss and LAE of $258.4 million, while foreign currency asset exposures included $149.5 million of fixed maturity securities [226]. - The decrease in foreign currency translation adjustments of $0.2 million for the nine months ended September 30, 2024, was primarily driven by exposures to euro and British pound [226]. - Inflation is explicitly considered in the pricing of insured exposures, impacting reserves for loss and LAE, with potential changes in earnings based on actual claim costs [227]. - The company has not observed significant impacts from elevated inflation levels on its long-tailed lines of business, which include workers' compensation and general liability [227]. - The anticipated effects of inflation may lead to increased wage pressures, impacting net operating results, as salaries and incentive compensation costs comprise less than half of total general and administrative expenses [227]. Strategic Initiatives - Maiden Holdings is actively exploring fee-based and distribution opportunities that are non-risk bearing and capital efficient [112]. - The company has begun to reduce investments in alternative assets as part of a strategic initiative to strengthen liquidity and reposition the balance sheet [172]. - The company is pursuing finality solutions for AmTrust liabilities not covered by the Loss Portfolio Transfer/Adverse Development Cover Agreement, which may involve significant charges [112]. - Maiden Holdings has fulfilled its capital commitment to Genesis Legacy Solutions and does not anticipate further contracts in the legacy management segment [110].

Financial Results - Maiden Holdings, Ltd. plans to release its third quarter 2024 financial results before the market opens on November 12, 2024[6] Shareholder Value - The company is focused on creating shareholder value through active management and allocation of assets and capital, primarily in the insurance and related financial services industries[7]

Core Viewpoint - Azimut Exploration Inc. is set to commence a 2,000-metre diamond drilling program in November on the Kukamas Property in Quebec, focusing on high-grade nickel and associated metals [1][3]. Drilling Program Details - The drilling program aims to test several quality targets identified through geophysical, geochemical, and prospecting work conducted since 2023 [2]. - The primary focus will be on the Perseus Zone, which has shown promising results for nickel, copper, and platinum group elements (PGE) [3]. - Significant channel sampling results from the Perseus Zone include: - 2.98% Ni, 0.32% Cu, 2.25 g/t PGE over 8.0 m, with a peak of 3.74% Ni, 0.41% Cu, and 2.82 g/t PGE over 6.0 m - 1.10% Ni, 0.15% Cu, 1.02 g/t PGE over 9.0 m, with a peak of 1.42% Ni, 0.19% Cu, and 1.36 g/t PGE over 6.0 m - Up to 9.35% Ni, 3.04% Cu, 3.78 g/t Pt, and 8.99 g/t Pd from various rock samples [3]. Additional Targets - Another target, the Halley showing, located 3.8 kilometres south of Perseus, has returned up to 1.36% Ni, 0.12% Cu, and 0.89 g/t PGE [4]. Contractual and Technical Aspects - Chibougamau Diamond Drilling Ltd has been contracted to conduct the drilling using a BTW core diameter [5]. - A 20.7-line-kilometre DeepEM ground survey was completed over the Perseus Zone, with additional ground magnetics conducted [6]. - Rock samples are analyzed at ALS Laboratories, employing various methods for a comprehensive suite of elements [7]. Property Overview - The Kukamas Property spans 272.5 km² with a cumulative strike length of 41 kilometres, featuring significant infrastructure such as high-voltage power lines and access roads [8]. Company Background - Azimut is recognized for its mineral exploration capabilities, holding the largest exploration portfolio in Quebec, with a focus on copper-gold, nickel, and lithium [11]. - The company employs a proprietary big data analytics system, AZtechMine™, to enhance exploration efforts [12]. Partnership and Financial Aspects - Under an option agreement, KGHM International can acquire an initial 50% interest in the Kukamas Property by funding $5.0 million in work expenditures over four years, with a potential additional 20% interest under specific conditions [10].

VANCOUVER, British Columbia, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSXV: BBB, OTCQB: BBBXF) (the "Company" or "Brixton") is pleased to announce its third drill hole results of the 2024 season from its wholly owned Thorn Project located in NW British Columbia, Canada. The Thorn Project is an underexplored copper-gold porphyry district with 16 large scale exploration target areas identified. Brixton is operating with two diamond drills and will continue drilling until the end of the s ...

. . . Doubleview Announces Filing of The NI 43-101 Technical Report of Its Maiden Mineral Resource Estimate September 09, 2024 9:00 AM EDT | Source: Doubleview Gold Corp. Vancouver, British Columbia--(Newsfile Corp. - September 9, 2024) - Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) (FSE: A1W038) ("Doubleview" or the "Company") is pleased to announce that the Company has completed and will be filing today, on SEDAR+, an independent Technical Report (the "Report") prepared in accordance with National Inst ...