Transaction Overview - Capricorn Metals Ltd (ASX:CMM) will acquire Warriedar Resources Ltd (ASX:WA8) via a scheme of arrangement[27] - Warriedar shareholders will receive an implied offer price of A$0.155 per share, representing a 29% premium to Warriedar's closing share price on 23 July 2025[27] - The implied equity value of Warriedar is A$188 million[27] - Warriedar shareholders are expected to own approximately 436% of Capricorn's shares after the scheme implementation[28] Strategic Benefits for Capricorn - The acquisition will increase Capricorn's combined mineral resources to approximately 91Moz AuEq in Western Australia[38] - Warriedar's Golden Range Project (GRP) contributes 23Moz AuEq to the combined mineral resources, including 138Moz of gold and 60kt of antimony[38] - Capricorn's mineral resources are 68Moz[38] - Pro-forma cash and gold on hand for the combined entity is expected to be $379 million as of 30 June 2025[38] Warriedar's Golden Range Project (Ricciardo Deposit) - Ricciardo Deposit contains a total of 603kt of contained antimony[40] - Ricciardo Deposit contains a total of 1036Moz of gold[40] - The Au & Sb MRE is 245Mt @ 25 g/t AuEq for 196 Moz AuEq[40]

Five multi-kilometre-scale gold targets defined through newly compiled and reprocessed geophysical datasets spanning the gold belt from Equinox's Valentine mine through Canterra's Wilding Gold Project. Each target demonstrates key geological characteristics analogous to those at the Valentine Mine, a 4.0 Moz Au M&I and 1.1 Moz Au Inferred resource (2024)1. The newly interpreted data supports a targeted and systematic basal till sampling program to accelerate drill targeting across multiple gold-bearing stru ...

Financial Performance - Record Q4 2024 revenues of $244 million, a 95% increase compared to Q4 2023's $125 million[19, 21] - FY 2024 revenues reached a record $662 million, a 51% increase from $439 million in FY 2023[19, 21] - Net income for FY 2024 was $81 million, or $006 per share, significantly higher than the $05 million in FY 2023[19, 21] - Free cash flow generation for FY 2024 was $165 million, a 335% increase compared to $(70) million in FY 2023[19, 21] Production and Costs - 2024 production reached 26 million silver equivalent ounces[12] - 2025 production target is set between 25 million and 28 million silver equivalent ounces[12] - Cash costs per silver equivalent ounce in FY 2024 were $1484, a 5% reduction from FY 2023[24] - All-in sustaining cash costs per silver equivalent ounce in FY 2024 were $2057, a 6% reduction from FY 2023[24] La Preciosa & Oxide Tailings Project - Consolidated NI 43-101 mineral resources total 371 million silver equivalent ounces as of October 16, 2023[12] - Oxide Tailings Project has proven and probable mineral reserves of 67 million tonnes at a silver grade of 55 g/t and a gold grade of 047 g/t[12] - La Preciosa property contains indicated resources of 174 million tonnes with 176 g/t Ag and 034 g/t Au, equating to 99 million ounces of silver and 189 thousand ounces of gold[40]

Core Viewpoint - Revival Gold Inc. has filed a technical report on the Mercur Gold Project, confirming the results disclosed in a previous news release, indicating a strong potential for the project's economic viability [1][3]. Company Overview - Revival Gold is one of the largest pure gold mine developers in the United States, focusing on the Mercur Gold Project in Utah and the Beartrack-Arnett Gold Project in Idaho [5]. Technical Report Highlights - The technical report, prepared by Kappes, Cassiday & Associates and RESPEC Company, outlines a life-of-mine production of 65.6 million tonnes of mineralized material at an average grade of 0.60 grams per tonne, with an average recovery rate of 75%, generating approximately 95,600 ounces of gold annually over a 10-year mine life [6]. - The after-tax net present value (NPV) at a 5% discount rate is estimated at $295 million, with an internal rate of return (IRR) of 27% at a gold price of $2,175 per ounce, increasing to $752 million NPV and 57% IRR at $3,000 per ounce [6]. - The after-tax payback period is projected to be 3.6 years at $2,175 per ounce, decreasing to 1.7 years at $3,000 per ounce [6]. - Pre-production and working capital requirements are estimated at $208 million, with additional sustaining capital of $110 million over the life of the mine [6]. - The average cash cost is projected at $1,205 per ounce, with all-in sustaining costs at $1,363 per ounce [6]. - The mine plan is based on indicated mineral resources of 35.3 million tonnes grading 0.66 grams per tonne, containing 746,000 ounces of gold, and inferred mineral resources of 36.2 million tonnes grading 0.54 grams per tonne, containing 626,000 ounces of gold [6]. - The expected timeline to complete mine permitting is approximately two years [6].

Core Viewpoint - Osisko Development Corp. announced positive results from the optimized Feasibility Study for the Cariboo Gold Project, confirming strong economics for a low-impact underground operation with favorable operating costs and capital requirements [2][3]. Project Overview - The Cariboo Gold Project is a 100%-owned, permitted gold project located in central British Columbia, Canada, designed as a traditional underground operation using mechanized bulk mining methods [2][5]. - The 2025 Feasibility Study (FS) was completed by BBA Engineering Ltd. and adheres to National Instrument 43-101 standards [2]. Economic Metrics - The base case gold price is set at $2,400/oz, with a net present value (NPV) of $943 million and an internal rate of return (IRR) of 22.1% [5][6]. - Under a spot case scenario with a gold price of $3,300/oz, the NPV increases to $2,066 million, and the IRR rises to 38.0% [5][6]. - Average annual free cash flow is projected at $158 million, with $296 million in the first five years [6][9]. Production and Costs - The project anticipates an average annual production of approximately 190,000 ounces of gold over a 10-year mine life, with first gold expected in the second half of 2027 [6][34]. - The average all-in sustaining costs (AISC) are estimated at $1,157/oz, placing the project in the lower half of the global cost curve for gold mines [6][9]. Improvements from Previous Studies - The 2025 FS incorporates significant improvements over the 2023 FS, including a streamlined processing facility and enhanced metallurgical recovery, resulting in an overall gold recovery of 92.6% [6][7][50]. - The average stope size has increased by approximately 60%, reducing the total number of stopes required [11][38]. Capital Expenditures - Initial capital costs are estimated at $881 million, with sustaining capital costs over the life of the mine projected at $525 million [6][69]. - Total cumulative capital costs, including reclamation and closure costs, are estimated at $1,307 million [69]. Permitting and Community Engagement - The project has received necessary permits, including the Environmental Assessment Certificate and Mines Act permits, solidifying its shovel-ready status [72][73]. - The company is committed to engaging with Indigenous nations and local communities to ensure mutual benefits from the project [73][76]. Future Opportunities - There are significant opportunities for further optimization and enhancement of the project's economics, which will be detailed in the forthcoming Technical Report [77][78].

Financial Performance - The company's Q1 2025 realized gold price was $2,891 per ounce, compared to $2,062 per ounce in Q1 2024[21] - Adjusted EBITDA increased to $1590 million in Q1 2025 from $929 million in Q1 2024[21] - Net debt was reduced to $5 million at the end of Q1 2025[17, 29, 34] - The company returned approximately $251 million directly to shareholders in Q1 2025[17] - Free cash flow was $594 million in Q1 2025, compared to $396 million in Q1 2024[21] Operational Highlights - Gold production in Q1 2025 was 874 koz, slightly lower than the 879 koz produced in Q1 2024[15, 21] - Total cash costs were $903 per ounce in Q1 2025, compared to $901 per ounce in Q1 2024[21] - All-in sustaining costs (AISC) were $1,183 per ounce in Q1 2025, compared to $1,190 per ounce in Q1 2024[21] - The company is well-positioned to achieve its 2025 gold production guidance of 3300 koz to 3500 koz[15] Sustainability - The company's global GHG intensity is under the industry average at 038t CO2e/oz[19] - Approximately $11 million was donated and sponsored to local organizations, and approximately $19 billion was spent on local goods and services, of which approximately $1 billion went to Indigenous businesses[20]

Company Overview - Verde Agritech Ltd is an agricultural technology company focused on producing potash fertilizers, aiming to enhance the health of people and the planet [4] - The company operates fully integrated operations, mining and processing its feedstock from 100% owned mineral properties, and distributing its products internationally [4] - Verde is Brazil's largest potash producer by capacity, licensed to produce up to 2.8 million tonnes per year of multinutrient potassium fertilizers [4] Project Update - The company has issued a news release regarding the Man of War Project following a review by the Ontario Securities Commission, which includes an amended and restated National Instrument 43-101 Technical Report [1][2] - The updated Technical Report, effective December 18, 2024, has removed disclosures of geological resources and in-situ resources that do not have reasonable prospects for economic extraction [2] - The report is available on SEDAR+ under the company's profile [3] Mineral Resources - Verde has a combined measured and indicated mineral resource of 1.47 billion tonnes at 9.28% K2O and an inferred mineral resource of 1.85 billion tonnes at 8.60% K2O, totaling 295.70 million tonnes of potash in K2O [4] - In 2021, Brazil's total consumption of potash in K2O was 6.57 million tonnes, highlighting the significant demand for potash in the country [4] - Brazil ranks second in global potash demand and is the largest importer, relying on external sources for over 97% of its potash needs [4]

Highlights: Gold has been designated as a strategic mineral in the United States by President TrumpPrevious operators have invested over $20M in the project with over 100,000 metres of historical drillingProject compliments the Mine Centre historical Foley Mine in Northern Ontario where approvals are being sought to re-drill for possible reactivationProject consists of 244 mineral claims across ~2,000 hectares (“ha”)~100,000 metres of historical drilling, including over 7,000 metres by Alamos in 2014-20150. ...