Core Viewpoint - Blue Moon Metals Inc. is making significant progress on its Norwegian projects, particularly the Nussir Copper-Gold-Silver Project and the NSG Copper-Zinc Project, with ongoing development and exploration activities aimed at enhancing resource estimates and advancing construction timelines [1][2][10]. Nussir Project Update - The underground decline at the Nussir project has advanced 656 meters as of November 27, 2025, marking a crucial step for future mine development and infrastructure installation [2][3]. - The main high-voltage transformer has been secured, reducing schedule risk and supporting the construction sequence [3]. - Early Works Construction Phase 1 has been completed, and Phase 2 is currently underway, focusing on additional surface area preparations [3][4]. - The feasibility study is on track for completion in February 2026, updating operating and capital costs based on the previous JORC compliant study [5]. - A directional drilling campaign commenced in October, aiming to expand the current mineral resource estimate (MRE) and test for high-grade mineralization at depth [6][7]. - The current MRE at Nussir includes an indicated resource of 28.72 million tonnes (Mt) at 1.02% Cu, 0.12 g/t Au, and 12.3 g/t Ag, and an inferred resource of 32.0 Mt at 1.01% Cu, 0.14 g/t Au, and 14.6 g/t Ag [7][8]. NSG Project Update - At the NSG Copper-Zinc project, activities are ramping up with the mining contractor, Fauskebygg, completing necessary improvements to the tunnel entrance [10]. - A 10,000-meter underground exploration program at the Rupsi deposit is expected to start soon, focusing on infill and expansion drilling of the inferred resource of 9.23 Mt at 1.19% Cu and 0.31% Zn [12]. - The geological mapping has advanced the understanding of the district, identifying additional exploration targets [11][12]. Restricted Share Units (RSU) Award - The company has granted 385,415 RSUs to certain officers, with each RSU representing a right to receive one common share following a two-year vesting period [16].

Core Insights - Thesis Gold Inc. announced positive results from an independent Prefeasibility Study (PFS) for its Lawyers-Ranch Project, indicating strong economic viability and positioning the project among the top-tier development-stage gold projects globally [1][6][7]. Project Overview - The PFS outlines a plan for developing the Lawyers-Ranch Project using both open pit and underground mining methods, with ore processed at a single facility [3][13]. - The project has an after-tax NPV of CAD 2.37 billion and an IRR of 54.4%, with a payback period of 1.1 years [6][7]. Economic Highlights - At a gold price of USD 2,900/oz and silver at USD 35/oz, the project shows a pre-tax IRR of 73.5% and an NPV of CAD 3.73 billion [7]. - Initial capital expenditure is estimated at CAD 736.2 million, with a compelling after-tax NPV to initial capital ratio of 3.2:1 [7][29]. Production Metrics - The project is expected to produce an average of 266,000 AuEq ounces annually in the first three years, totaling 2.84 million AuEq ounces over the life of mine (LOM) [7][12]. - The average all-in sustaining costs (AISC) are projected at USD 1,185 per AuEq ounce [7][29]. Resource Estimates - The maiden Mineral Reserve statement includes 76.16 million tonnes of ore grading 0.97 g/t Au and 28 g/t Ag, resulting in a total AuEq grade of 1.33 g/t [7][25]. - The PFS is based on a Mineral Resource Estimate effective October 16, 2025, with significant potential for resource expansion and discovery [14][20]. Mining Strategy - The mining strategy integrates conventional open pit operations with underground longhole stoping, targeting high-grade zones [35][41]. - Approximately 96.8% of the mill feed will be sourced from open pit mining, with underground mining focused on deeper, higher-grade zones [35][36]. Processing and Infrastructure - The processing plant is designed for a throughput of 13,700 tonnes per day, utilizing a flexible flowsheet to recover gold and silver [44][46]. - Infrastructure includes open pit and underground mines, a processing plant, tailings storage, and supporting facilities [46][49]. Future Opportunities - The PFS identifies opportunities for further optimization in the upcoming Feasibility Study, including potential resource upgrades and exploration targets [10][13].

Gold equivalent production of 13,832 Gold Equivalent Ounces (“GEO”) at AISC of $1,915/oz during Q3 2025Adjusted EBITDA of $11.8 million for Q3 2025Cash $16.5 million Partial hedge expires end December increasing future gold sale pricesFull year guidance of 50,000-55,000 GEO maintained: Underground mining production to ramp up in the fourth quarter 20,000 metre exploration program expanded by 50,000 metres with additional rigs to arrive in the fourth quarterSignificant progress at both the Lagoa Salgada and ...

Core Viewpoint - Blue Sky Uranium Corp. has completed a comprehensive Gap Analysis for the Ivana Uranium-Vanadium Deposit, providing a strategic roadmap for advancing the project towards potential uranium production [1][4]. Summary by Sections Gap Analysis Overview - The Gap Analysis was conducted by M3 Engineering & Technology Corporation and aims to identify areas needing additional data to support the Pre-Feasibility Study (PFS) and Feasibility Study (FS) [2][5]. - The analysis outlines a timeline of approximately 24 months and an estimated budget of US$13.5 million for completing the necessary steps [3][5]. Project Details - The Ivana deposit has a Mineral Resource Estimate (MRE) of 19.7 million tonnes at 0.039% UO and 0.019% VO in the Indicated category, and 5.6 million tonnes at 0.031% UO and 0.019% VO in the Inferred category [5]. - The Preliminary Economic Assessment (PEA) indicates an initial mine life of 11 years, requiring a capital expenditure of US$159.7 million, with an estimated all-in sustaining cost of US$24.95 per pound UO [5]. Technical and Environmental Framework - The Gap Analysis confirms strong baseline technical work, favorable metallurgy, and clear permitting pathways for the Ivana project [6]. - Key milestones include a total estimated cost of US$11.4 million for technical, environmental, and permitting studies, plus a contingency of US$2.05 million, totaling US$13.45 million [8]. Timeline and Milestones - The analysis outlines a structured timeline for advancing the project, including: - Q4 2025: Metallurgical lab selection and sample shipment - Q2 2026: Preliminary metallurgical results - Q3 2026: Completion of PFS - Q2 2027: Final metallurgical test report and FS completion - Q3 2027: Submission of Environmental Impact Assessment [12].

Core Viewpoint - Caledonia Mining Corporation has decided to proceed with the Bilboes Gold Project following the completion of a feasibility study, which indicates robust economic viability across various gold price scenarios [1][10]. Economic Analysis - The project demonstrates a positive business case under three gold price scenarios, with an average price of US$2,548/oz yielding a post-tax NPV of US$582 million and an IRR of 32.5% [4][6]. - At a spot price of US$3,648/oz, the post-tax NPV increases to US$1,234 million, with an IRR exceeding 50% [7]. - The project has a payback period of 1.7 years and an all-in sustaining cost (AISC) of US$1,061/oz [6][18]. Mineral Reserves and Resources - Proven and probable mineral reserves are estimated at 1.749 million ounces (Moz) of gold at a grade of 2.26 g/t [5][15]. - Measured and indicated mineral resources total 532,000 ounces at 1.37 g/t, while inferred resources are 984,000 ounces at 1.62 g/t [5][15]. Production Profile - The project plans to process 240,000 tonnes per month for the first six years, reducing to 180,000 tonnes per month thereafter, with a life of mine production of 1.55 Moz over 10.8 years [5][24]. - The first full year of production is expected to yield approximately 200,000 ounces in 2029 [5][24]. Funding Strategy - The peak funding requirement is estimated at US$484 million, with additional needs for interest and working capital totaling approximately US$150 million [8][20]. - The funding strategy aims to minimize equity dilution while maintaining a quarterly dividend of 14 cents per share [20][21]. Project Timeline - The front-end engineering design (FEED) phase will commence immediately, with first production anticipated in late 2028 [12][24]. - Construction is expected to take about two years, followed by a ramp-up period of five months [24]. Community and Economic Impact - The project is expected to significantly benefit Zimbabwe by enhancing its status as a gold destination and contributing to foreign exchange earnings and tax revenues [13][19]. - Caledonia plans to replicate successful community engagement strategies from its Blanket Mine operations [14].

Core Insights - Contango ORE, Inc. has initiated the Lucky Shot drill program to support a Feasibility Study, with drilling expected to occur in four phases during Summer 2026 [1] - The underground exploration drilling will target approximately 18,000 meters across 210 drill holes, aiming to upgrade the Lucky Shot vein resource to Proven and Probable categories [1] - The Feasibility Study is anticipated to be completed in 2027, with assay results expected to start reporting in Q1 2026 [1] Drilling Program Details - The initial phase of drilling is focused on a resource "In-Fill" program on the Lucky Shot Vein, with additional testing on mineralized structures recently mapped in the West Drift [2] - Channel samples from the West Drift structure have shown significant gold grades, including 26.1 g/t, 379 g/t, and 9.1 g/t over 0.5 meters, averaging approximately 139 g/t over 1.5 meters [2] - The goal of the drill program is to gather data for a robust resource model to support the Final Feasibility Study [2] Company Overview - Contango is listed on NYSE American and focuses on gold exploration in Alaska, holding a 30% interest in the Peak Gold JV, which covers approximately 675,000 acres [4] - The company also has leases on the Johnson Tract and Lucky Shot projects, along with 100% ownership of around 8,600 acres of peripheral mining claims in Alaska [4]

VANCOUVER, BC, Nov. 17, 2025 /PRNewswire/ -Â Thesis Gold Inc. ("Thesis" or the "Company") (TSXV: TAU) (WKN: A3EP87) (OTCQX: THSGF) is pleased to announce assay results from the 2025 drill program at Lawyers, part of the 100% owned Lawyers-Ranch gold-silver Project, located in the prolific Toodoggone Mining District of British Columbia. This year's work focused on geotechnical, hydrological, and metallurgical studies to support the ongoing Prefeasibility Study ("PFS") and to advance the technical work requir ...

Financial Performance - Adjusted EBITDA for Q3 2025 was $143 million[12], impacted by production deferrals and delayed sales shipments[12] - Adjusted EPS for Q3 2025 was $003 per share[12] - Free cash flow for the last twelve months (LTM) was $309 million[23] - Cash and cash equivalents stood at $611 million in Q3 2025[23] - Net debt to adjusted EBITDA ratio was 05x[23] Production and Operations - Q3 2025 copper production was 242 kt[12] - Q3 2025 gold production was 536 koz[16] - Peru operations copper production was 18 kt in Q3 2025[30], with gold production at 26 koz[30] and cash cost at $130/lb[30] - Manitoba operations gold production was 22 koz in Q3 2025[36], with copper production at 08 kt[36] and gold cash cost at $379/oz[36] - British Columbia operations copper production was 52 kt in Q3 2025[41], with gold production at 48 koz[41] and cash cost at $321/lb[41] Copper World Project - Mitsubishi will contribute $600 million for a 30% JV interest in the Copper World project[47] - Hudbay's estimated equity contribution to the Copper World project is reduced to approximately $200 million[52] - The Copper World project is expected to increase consolidated copper production by +50%[66], adding 92ktpa of copper production[67]

Core Insights - Liberty Gold Corp. has officially commenced the Feasibility Study (FS) engineering for its Black Pine Oxide Gold Project, with a target completion date set for early Q4 2026 [1][6] Project Development - The initiation of the FS follows the successful completion of the Preliminary Feasibility Study (PFS) in October 2024, and a highly experienced engineering team has been assembled to advance the project [2][6] - M3 Engineering & Technology Corp. has been re-engaged as the lead consultant for the FS, ensuring continuity and efficiency in project execution [3][6] Consultant Engagement - Key consultants retained for the FS phase include firms that were previously involved in the PFS, ensuring familiarity with the project data and design [4][5] - The selection of these firms was based on a rigorous evaluation process, emphasizing their technical excellence and integration capabilities [5] Technical Oversight - Each discipline within the FS will be overseen by Qualified Persons under NI 43-101, maintaining technical continuity and regulatory compliance throughout the study [4] Company Positioning - Liberty Gold is well-positioned for the FS phase due to a strong technical foundation, an experienced in-house team, and a solid funding position, which will facilitate a smooth transition towards construction readiness [6][8]

Core Insights - Vizsla Silver Corp. announced positive results from its independent Feasibility Study on the Panuco silver-gold project, indicating strong economic viability with an after-tax NPV of US$1.802 billion and an IRR of 111% [1][3][10] Feasibility Study Highlights - The Feasibility Study, completed by Ausenco Engineering, supports the development of Panuco as a high-margin underground precious metals mine with low initial capital requirements and rapid payback [2][3] - Initial capital expenditures (CAPEX) are estimated at US$238.7 million, with a net initial cost of US$173 million after accounting for pre-production revenues and costs [10][30] - Average annual production is projected at 17.4 million ounces of silver equivalent (AgEq) at an all-in sustaining cost (AISC) of US$10.61 per ounce [1][10] Production and Economic Metrics - The project is expected to produce more than 20 million AgEq ounces annually over the first five years, with an average of 17.4 million ounces over the life of the project [3][10] - The life of mine (LOM) average annual payable production is estimated at 17,383 koz AgEq, with cash costs of US$8.56 per ounce payable AgEq [10][11] - The Feasibility Study assumes metal prices of US$35.50 per ounce for silver and US$3,100 per ounce for gold [13][10] Mining and Processing Overview - The Panuco project consists of two contiguous underground mines, the Copala Mine and the Napoleon Mine, with a processing throughput capacity of 3,300 tonnes per day for the first three years, expanding to 4,000 tonnes per day in year four [6][7] - The processing plant design includes a three-stage crushing-grinding circuit and a leach and Merrill Crowe circuit to produce silver-gold doré bars [53][50] Mineral Reserves and Resources - The Proven and Probable Mineral Reserve for the Panuco project is estimated at 12.81 million tonnes at an average grade of 249 g/t Ag and 2.01 g/t Au [19][10] - The Feasibility Study is based on the updated NI 43-101 Mineral Resource Estimate, effective November 4, 2025 [8][19] Project Development and Future Plans - The company is advancing permitting and project financing initiatives, targeting a construction decision upon receipt of required approvals [2][3] - A webcast to discuss the Feasibility Study will be hosted on November 24, 2025 [4]