DPM Metals Extends Chelopech Mine Life to Ten Years; Provides Updated Mineral Reserve and Resource Estimate and Life of Mine Plan

Core Viewpoint - DPM Metals Inc. has updated its Mineral Resource and Mineral Reserve estimate for the Chelopech mine, extending its mine life to 10 years and indicating strong potential for continued resource replacement and exploration success [2][4]. Updated Mineral Reserve and Resource Estimate - The updated Mineral Reserve estimate shows a 42% increase in tonnage to 23.2 million tonnes, with a 12% increase in gold content and a 10% increase in copper content compared to the previous estimate [4][6]. - Proven and Probable Mineral Reserves now contain 1.6 million ounces of gold and 308 million pounds of copper, supporting a mine life extending to 2036 with average production levels of approximately 160,000 gold equivalent ounces per year [7][9]. - The Measured and Indicated Mineral Resource tonnage increased by 20% to 15.3 million tonnes, with grades of 1.96 g/t gold and 0.57% copper [4][14]. - The Sharlo Dere prospect has been included in the updated estimates, contributing 650,000 tonnes at a grade of 1.49 g/t gold and 0.52% copper [8][9]. Life of Mine Plan - The updated Life of Mine (LOM) plan maintains a mining rate of 2.2 million tonnes per year through 2032, optimizing net asset value [19][20]. - The current LOM plan projects total production of approximately 1.2 million ounces of gold, 2.4 million ounces of silver, and 231 million pounds of copper over the mine's life [42]. Exploration Potential - The Wedge Zone Deep discovery is highlighted as a significant opportunity for adding high-grade mineral resources, with further drilling planned to assess its potential [3][27]. - The company is also advancing the Chelopech North and Brevene licenses towards mining concessions, which could enhance future resource availability [29][30]. Financial Metrics and Assumptions - Long-term metal prices assumed for the evaluation of Mineral Reserves are $2,300/oz for gold, $23.00/oz for silver, and $3.50/lb for copper [17]. - The average operational cost applied is approximately $61/tonne, which includes operational and sustaining capital costs [21].