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Solaris Publishes Positive Pre-Feasibility Study Results and Maiden Mineral Reserve for the Warintza Project, with Significant Mineral Resource Increase, an Extensive Mine Life, and US$4.6bn NPV
Globenewswire· 2025-11-06 11:00
Core Insights - Solaris Resources Inc. announced the results of a Pre-Feasibility Study (PFS) for its Warintza Project, highlighting a significant increase in mineral resources and the establishment of maiden mineral reserves [2][5][28] - The Warintza Project is positioned to capitalize on a tightening copper market, with exceptional economics and a strong community support framework [4][6][20] Mineral Resource and Reserves - The updated Mineral Resource Estimate (2025 MRE) includes 3.7 billion tonnes of Measured and Indicated Resources, 2.1 billion tonnes of Inferred Resources, and 1.3 billion tonnes of Mineral Reserves [5][26] - The 2025 MRE reflects a 312% increase in Measured plus Indicated Mineral Resources compared to the 2024 MRE, with significant new mineralization identified [26][39] Economic Metrics - The project is expected to generate an average annual copper equivalent production of over 300,000 tonnes in the first five years and over 240,000 tonnes during the first 15 years [7][14] - The post-tax net present value (NPV) is estimated at US$4,617 million, with a post-tax internal rate of return (IRR) of 26% [7][29] - Initial capital costs are projected at US$3.7 billion, with a payback period of 2.6 years post-tax [7][29] Production and Operating Costs - The average All-In Sustaining Cost (AISC) is projected at US$0.85 per pound of payable copper for the first five years and US$1.07 for the first 15 years [7][29] - The project will utilize conventional open-pit mining methods, with a low strip ratio of 0.53 to 1, enhancing its economic viability [24][46] Community and Environmental Engagement - The company has established formal agreements with local Indigenous communities, ensuring shared benefits and participatory decision-making [20][21] - Solaris maintains close engagement with government authorities to facilitate permitting and environmental assessments [22][36] Infrastructure and Accessibility - The Warintza Project benefits from strong existing infrastructure, including paved highways and proximity to ports, which supports efficient transportation of materials [19][58] - The power supply for the project will be sourced from a 62.1 km overhead transmission line, ensuring adequate energy for operations [59]
Montage Gold Provides Exploration Update on the Sissédougou Trend at Its Koné Project in Côte d'Ivoire
Globenewswire· 2025-11-06 11:00
HIGHLIGHTS:  Koné project comprises 7 mineralised trends hosting 52 identified targets with mineralization confirmed at all 23 targets drill-tested so far in 2024 and 2025, whilst scout drilling continues to identify more targets This year’s ongoing 120,000-meter drill programme has focused on the Gbongogo–Koroutou and Sissédougou trends, representing respectively 45% and 27% of the 87,595 meters already drilled in YTD-2025The Sissédougou trend is emerging as another highly prospective area, in addition to ...
Allied Critical Metals Expands Santa Helena Breccia with 6.0 Metres of 1.02% WO3 Intercept at Borralha
Newsfile· 2025-11-05 22:00
Core Insights - Allied Critical Metals Inc. has reported significant assay results from its Borralha Tungsten Project, indicating strong mineralization continuity and an expanded resource footprint, which supports a positive economic outlook for the upcoming Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) [2][3][11] Summary by Sections Assay Results - New assay results from the 2025 Reverse Circulation drilling campaign show robust mineralization continuity in the northwestern dip area of the Santa Helena Breccia, confirming high-grade zones and extending previously identified mineralization [4][8] - Drill hole Bo_RC_27/25 reported 6.0 meters of 1.02% WO₃, along with other significant intercepts, demonstrating higher-grade zones than previously modeled [7][9] Economic Context - The tungsten price has reached $685 USD/MTU APT, reflecting a 50% increase over the last six months due to rising demand and supply chain restrictions from non-Western countries, positioning Borralha as a strategic project in the tungsten market [5][33] - The Borralha project is expected to play a crucial role in reshaping Europe's tungsten supply landscape, particularly in light of the EU's dependence on imports from China [30][31] Project Development - The ongoing drilling campaign has completed 4,210 meters out of a planned 5,625 meters, with final results expected soon, which will inform the updated MRE and PEA scheduled for Q1 2026 [12][17] - The project benefits from existing infrastructure, shallow mineralization, and a straightforward processing route, making it one of the most advanced tungsten development projects in the EU [30][31] Future Outlook - The results from the drilling campaign will directly contribute to the upcoming MRE update and PEA, aimed at delineating additional tonnage and enhancing confidence in high-grade zones [11][17] - The company is focused on expanding and upgrading the current NI 43-101 Mineral Resource Estimate, with expectations for completion in Q4 2025 [14]
LaFleur Minerals Advances Swanson Confirmation Drilling to Support Beacon Mill Restart and PEA
Prnewswire· 2025-11-05 19:25
Core Viewpoint - Lafleur Minerals Inc. is advancing towards near-term gold production with the initiation of a confirmation drilling program at its Swanson Gold Deposit, which will support a Preliminary Economic Assessment (PEA) for the restart of gold production at the Beacon Gold Mill [1][5][10] Group 1: Drilling Program and Resource Validation - The confirmation drilling program consists of a 10-hole twinned-drilling campaign aimed at validating historical results and enhancing confidence in the geological model [2][3] - Historical drilling at the Swanson Gold Deposit has exceeded 36,000 meters across 242 holes, with notable intervals including 69.3 meters at 3.03 g/t Au and 51.0 meters at 3.46 g/t Au [3][4] Group 2: Beacon Gold Mill and Production Readiness - The Beacon Gold Mill is undergoing final stages of recommissioning, with a capacity of 750 tonnes per day and a $20 million modernization completed in 2022 [6][12] - Current activities include mechanical and electrical upgrades, installation of a new gravity concentrator circuit, and recruitment of operational staff [7][8] Group 3: Strategic Position and Market Context - Lafleur Minerals is strategically positioned in the Val-d'Or district, which is attracting global producers through mergers and acquisitions targeting long-life, low-risk assets [9][10] - The combination of an owned mill and near-surface feed source allows Lafleur to transition rapidly from development to production, especially with record gold prices above $4,000 per ounce enhancing the economic potential of the restart plan [5][10]
Aya Gold & Silver (OTCPK:AYAS.F) Earnings Call Presentation
2025-11-04 15:00
Project Overview - The Boumadine PEA presents a district-scale, low-cost, precious metals growth opportunity [1, 2] - The project has a low initial CAPEX of $446 million [33] and a low AISC of $1,021/oz AuEq [33, 96] - The project has a mine life of 11 years [34] Financial Highlights - The project boasts a pre-tax NPV(5%) of $2.2 billion and a post-tax NPV(5%) of $1.5 billion, using base case metal prices of $2,800/oz gold and $30/oz silver [33] - The IRR is 69% pre-tax and 47% post-tax, with a payback period of 1.3 years pre-tax and 2.1 years post-tax [33] - The NPV:Capex ratio is 5:1 pre-tax and 3:1 post-tax [33] - The Life of Mine (LOM) revenue is projected at $7.0 billion, with an EBITDA of $3.4 billion and a Free Cash Flow (FCF) of $2.8 billion pre-tax and $2.0 billion post-tax [38] Production and Resources - The project anticipates an average annual production of 401,000 oz AuEq in the first 5 years and 328,000 oz AuEq over the LOM [73] - The updated Mineral Resource Estimate (MRE) in February 2025 showed an increase of 120% in indicated and 19% in inferred contained metal in koz AgEq compared to the 2024 estimate [56]
Teuton Reports Final Hole Drilled in 2025 at Treaty Creek
Thenewswire· 2025-11-04 13:25
Core Insights - Teuton Resources Corp. reports successful results from the 2025 drill program at the Goldstorm deposit, confirming high-grade mineralization continuity and expanding known zones [1][4][5] Exploration Results - The final drill hole GS-25-191-W1 intersected a northeastward extension of the 300 Horizon Zone, linking mineralized intercepts between the 300H and 300N zones [2][3] - Significant mineralized intercepts include: - 4.12 g/t gold, 16.48 g/t silver, and 0.01% copper over 8.90m in GS-25-191 [3] - 1.63 g/t gold, 4.89 g/t silver, and 0.02% copper over 10.70m, stepping out 52m to the south [3] - 1.88 g/t gold, 1.71 g/t silver, and 0.01% copper over 5.90m, providing continuity between mineralized domains [3][7] 2025 Exploration Program Overview - The program targeted gaps between the 300N and 300H Zones and aimed to identify additional high-grade SC-1 Zone-like structures [4] - Drilling confirmed and expanded several high-grade corridors within and surrounding the 300N and 300H Zones [5] Future Plans - An updated Mineral Resource estimate for Treaty Creek is underway, incorporating approximately 15,000 meters of drill data from 2024 and 2025 [11] - The updated estimate will utilize a smaller block model for better resolution of high-grade gold mineralization, targeted for completion in Q4 2025 [11] - Plans for underground ramp development to access the high-grade SC-1 Zone are contingent on permit approvals, with excavation expected to commence in Q3 2026 [12] Additional Exploration Opportunities - Tudor Gold is assessing opportunities to increase gold Mineral Resources at Treaty Creek in 2026, particularly following up on drill hole PS-23-10 at the Perfectstorm Zone [13]
Military Metals Announces the Commencement of Resource Confirmation Drilling at the Flagship Trojarova Antimony Gold Project, European Union
Newsfile· 2025-11-04 12:30
Core Insights - Military Metals Corp. has initiated a 10-hole, 2500-meter drilling campaign at the Trojarová Antimony Gold Project in Slovakia, aiming to confirm historical resource estimates and advance the project [1][2][6] Drilling Campaign Details - The drilling campaign consists of 10 diamond drillholes, with 7 holes designed to confirm historical drilling results and update the ongoing mineral resource estimate by SLR Consulting [5][6] - Three holes are intended to test the deposit for northwest strike continuity, potentially expanding the known deposit [5][7] Historical Context and Resource Estimates - The Trojarová Project has a historical resource estimate from 1992, indicating 2.46 million tonnes at an average grade of 2.47% antimony and 0.635 grams per tonne gold, with approximately 60,000 tonnes of antimony in situ [3][18] - The historical resource was classified as "P1" in the Slovak version of the Russian classification system, comparable to "Inferred Mineral Resources" in modern standards [3][18] Management Changes - David Murray has been appointed as Vice President of Exploration, bringing 15 years of international mineral industry experience [2][8] - His primary focus will be on defining and growing mineral resources at Trojarová and other critical metals projects [9] Future Plans and Objectives - The current drilling program supports the completion of a modern mineral resource estimate for the Trojarová Project, expected to be finalized early in 2026 [2][6] - The company aims to unlock the geological potential of its antimony portfolio and assess additional opportunities [9]
White Gold Corp. Increases High-grade Gold Mineralization at Golden Saddle Intersecting 6.9 g/t Gold over 50.2 Metres in the Main Zone and Expands the High-Grade Footwall Breccia and Hanging Wall Mineralization
Globenewswire· 2025-11-04 12:00
Core Insights - White Gold Corp. reported significant assay results from its 2025 diamond drilling program at the Golden Saddle deposit, highlighting high-grade mineralization with 6.89 g/t Au over 50.2 meters in the Main Zone and 6.89 g/t Au over 2.8 meters in the footwall breccia target, marking one of the best intervals ever drilled on the property [2][21][24] Summary by Sections Drilling Results - The first drill hole, WHTGS25D0218A, confirmed continuity of high-grade mineralization in the footwall and main zones, filling a 150-meter gap and expanding the known mineralization [2][21] - The hole also intersected mineralization in the hanging wall, returning 0.75 g/t Au over 3.00 meters, supporting recent 3D modeling refinements [2][21] Resource Estimates - The White Gold project hosts an estimated 1,732,300 ounces of gold in indicated resources and 1,265,900 ounces in inferred resources, with significant potential for expansion [4][32] - The 2025 exploration program aims to enhance resource growth opportunities within and adjacent to existing deposits [21][22] Strategic Focus - The company has shifted its strategy to focus on flagship deposits, identifying opportunities for resource growth by testing the extent and continuity of mineralization in parallel zones [5][21] - The ongoing drilling program is fully funded and supported by strategic partners, including Agnico Eagle Mines Limited [2][21] Future Exploration Plans - Additional assays from two more holes at the Golden Saddle and two at the Arc deposit are pending, expected to refine the geological model and contribute to resource growth [22][24] - The company is preparing for a future preliminary economic assessment (PEA) while continuing district-wide data compilation and target generation [23][24]
ATEX Announces Filing of Technical Report for Valeriano Project on Updated Mineral Resource Estimate
Newsfile· 2025-11-03 23:12
Core Viewpoint - ATEX Resources Inc. has filed an independent technical report detailing an updated mineral resource estimate for its Valeriano copper-gold project in Chile, highlighting significant resources and ongoing exploration potential [1][19]. Summary by Sections Technical Report and Resource Estimate - The Technical Report, effective November 3, 2025, complies with National Instrument 43-101 standards [1]. - The updated mineral resource estimate includes an Indicated Resource of 475 million tonnes at 0.88% copper equivalent and an Inferred Resource of 1,511 million tonnes at 0.75% copper equivalent, both at a cut-off grade of 0.35% Cu [5][19]. High-Grade Resource and Drilling Results - The B2B Zone has an Indicated Resource of 28.4 million tonnes at 1.36% CuEq and an Inferred Resource of 2.6 million tonnes at 1.05% CuEq, indicating high-grade components are open for expansion [5]. - Recent drilling results from the Phase VI program reported record grades, with one hole intersecting 164 meters of 2.72% CuEq, including sections of 86 meters at 3.77% CuEq and 40 meters at 4.73% CuEq [5][6]. Exploration Potential - The ongoing Phase VI drilling program, with six diamond drill rigs active, aims to further define the high-grade B2B Zone, which has the potential to significantly expand the volume of high-grade mineralization at Valeriano [6][19]. - The project has over 500,000 ounces of Inferred gold oxide material at surface, presenting future exploration and upside potential [5]. Cost Efficiency - The project boasts low discovery costs of $0.0049 per pound of copper, indicating a cost-effective exploration environment [5].
QGold Commences Trading on OTCQB® under QGLDF on the Venture Market
Globenewswire· 2025-11-03 12:30
Core Points - Q-Gold Resources Ltd. has commenced trading on the OTCQB Venture Market under the symbol "QGLDF," enhancing access for U.S. shareholders [1][2][3] - The company plans to broaden its investor base and advance exploration and engineering programs following an updated mineral resource estimate for the Quartz Mountain Gold Project [3][10] - Q-Gold intends to initiate the federal and state permitting process for the Quartz Mountain Gold Project, including applications under the FAST-41 program [4] Company Information - Q-Gold Resources Ltd. is focused on advancing gold and silver projects in mining-friendly jurisdictions across North America, with shares listed on multiple exchanges [8][9] - The company has granted 10,450,000 stock options to directors, officers, and consultants, with an exercise price of $0.20 per option for five years [5] - The updated Mineral Resource Estimate includes an indicated resource of 1.543 million ounces of gold at a grade of 0.96 g/t and an inferred resource of 0.148 million ounces at a grade of 0.77 g/t [10]