Mineral Resource Estimation

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Foran Mining (FMCX.F) Earnings Call Presentation
2025-08-01 12:48
North America's Leading Copper Developer Permitted, In Construction, Scalable & Unmatched Corporate Presentation August 2025 TSX: FOM | US OTC: FMCXF | FORANMINING.COM TSX: FOM | US OTC: FMCXF | FORANMINING.COM Forward Looking Statements This presentation contains certain forward-looking information and forward-looking statements, as defined under applicable securities laws (collectively referred to herein as "forward-looking statements"). These statements relate to future events or to the future performanc ...
Signature Resources Files NI 43-101 Technical Report for the Initial Mineral Resource for the Lingman Lake Project
Newsfile· 2025-07-31 12:00
Signature Resources Files NI 43-101 Technical Report for the Initial Mineral Resource for the Lingman Lake Project July 31, 2025 8:00 AM EDT | Source: Signature Resources Ltd. Toronto, Ontario--(Newsfile Corp. - July 31, 2025) - Signature Resources Ltd. (TSXV: SGU) (OTCQB: SGGTF) (FSE: 3S30) ("Signature" or the "Company") is pleased to announce that the National Instrument 43- 101 Standards of Disclosure for Mineral Projects ("NI 43-101") technical report for the Lingman Lake Mine Project in Ontario, Canada ...
Ivanhoe Mines Issues 2025 Second Quarter Financial Results, Overview of Construction and Exploration Activities
Newsfile· 2025-07-30 20:43
Core Insights - Ivanhoe Mines reported a Q2 2025 profit of $35 million and adjusted EBITDA of $123 million, with Kamoa-Kakula contributing $128 million to EBITDA [1][9] - Kamoa-Kakula produced 112,009 tonnes of copper in Q2 2025, operating at 85% design capacity for Phases 1 and 2, and 30% above design capacity for Phase 3 [1][37] - The company is advancing its dewatering efforts at Kakula Mine, with Stage One completed and Stage Two set to commence imminently [1][49] - The startup of Africa's largest and greenest copper smelter is on schedule for September 2025 [1][68] - Recent increases in platinum and palladium prices have improved the net present value of the Platreef project by over 20% to approximately $3.8 billion [1][9] Financial Performance - Q2 2025 adjusted EBITDA was $123 million, down from $226 million in Q1 2025; profit after tax was $35 million compared to $67 million in Q2 2024 [9][1] - Kamoa-Kakula sold 101,714 tonnes of copper at an average realized price of $4.34/lb, with revenue of $875 million for the quarter [9][1] - The cost of sales per pound of payable copper sold increased to $2.85/lb in Q2 2025 from $1.87/lb in Q1 2025 [11][9] - Kamoa-Kakula's cash cost (C1) per pound of payable copper produced averaged $1.89/lb, up from $1.69/lb in Q1 2025 [11][9] Operational Highlights - Kamoa-Kakula's concentrators milled 3.62 million tonnes of ore in Q2 2025, producing 112,009 tonnes of copper, an 11% increase compared to Q2 2024 [37][9] - The Phase 3 concentrator achieved a record production of 40,608 tonnes of copper, operating at an annualized rate of 6.5 million tonnes, 30% above design capacity [46][12] - Kipushi operations sold 43,348 tonnes of zinc, up nearly 45% from Q1 2025, with a revenue of $97 million [11][9] - Platreef's Phase 1 project is nearing completion, with first ore feed expected in Q4 2025 [12][8] Project Development - The Kamoa-Kakula copper smelter is expected to start operations in September 2025, processing concentrates from all phases of the mine [68][1] - The company is targeting to provide an update on Kamoa-Kakula's recovery plan and ramp-up to steady-state operations by September 2025 [12][1] - The Platreef project is projected to be the lowest-cost primary platinum-group-metals producer globally, with a Phase 2 expansion expected to produce over 460,000 ounces of platinum, palladium, rhodium, and gold annually [12][8] Exploration Activities - Ivanhoe Mines is expanding the Makoko District copper discovery and exploring for new sedimentary-hosted copper discoveries across its extensive license areas in DRC, Angola, Zambia, and Kazakhstan [3][2] - The company has completed 86,000 meters of diamond drilling in the Makoko District, doubling the total copper contained in the area [16][3] - Drilling activities in Kazakhstan commenced in July 2025, with two rigs deployed for a 17,500-meter maiden diamond drilling program [16][3]
Exploits Discovery Advances Hawkins Gold Project and Strengthens Technical Team with Appointment of Dr. Natalie Pietrzak-Renaud
Newsfile· 2025-07-29 10:00
Exploits Discovery Advances Hawkins Gold Project and Strengthens Technical Team with Appointment of Dr. Natalie Pietrzak-Renaud July 29, 2025 6:00 AM EDT | Source: Exploits Discovery Corp. Toronto, Ontario--(Newsfile Corp. - July 29, 2025) - Exploits Discovery Corp. (CSE: NFLD) (OTCQB: NFLDF) (FSE: 634) ("Exploits" or the "Company") is pleased to announce progress on its exploration initiatives at the Hawkins Gold Project in Northern Ontario, including the completion of a project site visit, drill permit ap ...
Integral Metals Commences Mobilization for Diamond Drilling Program at the KAP Project
Globenewswire· 2025-07-28 12:00
Core Viewpoint - Integral Metals Corp. is initiating a summer diamond drilling campaign at its KAP Project in the Northwest Territories, aiming to expand and delineate gallium and zinc mineralization [1][2][4]. Group 1: Drilling Program Details - The Phase 4 drilling program will involve approximately 1,000 meters of diamond drilling over a 25-day period [2]. - This campaign is the first modern drilling effort at the KAP Project, following positive historical results and recent technical reinterpretations [2][4]. Group 2: Operational Aspects - GeoCraft Geological Services Corp. has been appointed as the primary geological contractor, while Critical Discoveries Corp. will provide camp, drilling, and mobilization services [3]. - Transportation of personnel, equipment, and camp infrastructure to the site has begun, with field operations expected to start by the end of July [3]. Group 3: Company Objectives and Future Plans - The CEO of Integral Metals emphasized that this drilling campaign is a significant milestone, aimed at verifying and expanding historical intervals to prepare for future mineral resource estimation [4]. - Further updates will be provided as drilling progresses [4]. Group 4: Company Background - Integral Metals Corp. is focused on mineral exploration for critical minerals, including gallium, germanium, and rare earth elements, with properties located in mining-friendly jurisdictions in Canada and the USA [7].
Plata Latina and World Copper Announce Acquisition of the Zonia Project by Plata Latina and Concurrent $17 Million Financing to Create a Development-Focused Copper Company to be Named "Edge Copper Corporation"
Newsfile· 2025-07-24 03:18
Core Viewpoint - Plata Latina Minerals Corporation and World Copper Ltd. have announced a definitive agreement for Plata Latina to acquire the Zonia Copper Project in Arizona, with a total transaction value of approximately $22 million, which includes $10.5 million in cash and shares, and a concurrent financing of $17 million to support the acquisition and development of the project [2][3][5]. Transaction Details - The acquisition will be executed through a court-approved plan of arrangement, with World Copper receiving $10.5 million in cash and shares that will result in them owning approximately 31.3% of Plata Latina post-transaction [3][4]. - The transaction implies a value of approximately $0.085 per share of World Copper, representing a premium of about 40% to the five-day volume-weighted average price and 71% to the 20-day volume-weighted average price as of July 22, 2025 [3][4]. - World Copper shareholders will receive approximately 0.3930 of a Plata Latina share for each World Copper share [4]. Financing and Development Plans - The concurrent financing involves a non-brokered private placement of units at a price of $0.10 per unit, aiming for gross proceeds of $17 million, which will be used for the cash consideration and to fund exploration and development of the Zonia project [5][22]. - The Zonia Copper Project is a past-producing open-pit mine that is expected to produce pure copper cathode on-site, with significant exploration potential on additional claims [7][8]. Strategic Importance - The acquisition positions Plata Latina as a development-focused copper company, enhancing its ability to meet domestic demand for critical minerals in the U.S. [8]. - Zonia is located in Arizona, the largest copper producer in the U.S., which is strategically important for future resource development [9]. Management and Governance - Following the transaction, Plata Latina will appoint two directors from World Copper to its board, and the leadership team will include Gilmour Clausen as CEO and Letitia Wong as President [11]. - Both companies' boards have unanimously recommended the transaction to their respective shareholders [14][15]. Regulatory and Approval Process - The transaction requires approval from a two-thirds majority of World Copper shareholders and a majority of Plata Latina shareholders, along with customary closing conditions [17][20]. - The transaction is expected to close in October 2025, subject to regulatory approvals and completion of the concurrent financing [20].
Q-Gold Resources engages FHB Consulting Services LLC to update the Resource Estimate for Quartz Mountain
Globenewswire· 2025-07-21 11:30
Core Viewpoint - Q-Gold Resources Ltd. has engaged FHB Consulting Services LLC to conduct an updated review of the historical mineral resource estimates for the Quartz Mountain Project in Oregon, which the company plans to acquire [1][8]. Group 1: Acquisition and Consulting Engagement - The company intends to acquire the Quartz Mountain Project through a share exchange agreement dated March 31, 2025 [1]. - FHB Consulting will perform a comprehensive revision of previous mineral resource estimates, originally completed in 2012 and updated in 2016 [2]. - The updated resource estimate will include data from boreholes drilled by Alamos Gold Inc. in 2015 and historical drilling data from earlier exploration campaigns [3]. Group 2: Current Resource Estimates - The current mineral resource estimates for the Quartz Mountain Project are as follows: - Measured and Indicated Mineral Resources: 12,156,000 tonnes at a grade of 0.87 g/t Au, totaling 339,000 ounces of gold - Inferred Resources: 39,205,000 tonnes at a grade of 0.91 g/t Au, totaling 1,147,000 ounces of gold [5][10]. Group 3: Project Potential and Future Plans - The company believes the Quartz Mountain Project has significant exploration potential, particularly in the Crone Hill and Quartz Butte deposits [11]. - Q-Gold aims to leverage modern exploration techniques to enhance shareholder value and unlock the potential of the project [8][9].
Radisson Reports Highest Grade Drill Intercepts Achieved to Date Beneath the Historic O'Brien Gold Mine Including 89.36 g/t Gold over 3.7 Metres and 60.75 g/t Gold over 2.1 Metres
Newsfile· 2025-07-16 10:30
Core Insights - Radisson Mining Resources Inc. reported high-grade gold drill intercepts from its O'Brien Gold Project, including 89.36 g/t Au over 3.7 metres and 60.75 g/t Au over 2.1 metres, marking the highest grades achieved to date beneath the historic mine [1][4][6] Group 1: Drill Results - Four new wedge drill holes (OB-25-337W4 to W7) were completed from the pilot hole OB-24-337, which is the deepest hole drilled at the project, revealing multiple high-grade gold intercepts [2][6] - Notable intercepts include: - OB-25-337W7: 89.36 g/t Au over 3.7 metres, including 293.0 g/t Au over 1.1 metres [4] - OB-25-337W5: 47.70 g/t Au over 1.0 metre and 5.25 g/t Au over 4.0 metres [4] - OB-25-337W6: 6.45 g/t Au over 3.5 metres, including 18.80 g/t Au over 1.0 metre [4] - OB-25-370: 4.32 g/t Au over 6.5 metres, including 10.49 g/t Au over 2.1 metres [4] - OB-25-372: 7.05 g/t Au over 2.5 metres, including 15.95 g/t Au over 1.0 metre [4] Group 2: Project Development - The ongoing drilling program aims to delineate high-grade gold-bearing veins over a large area, with up to six mineralized zones identified at depths of 500 metres below the historic mine [6][12] - The project has estimated Indicated Mineral Resources of 0.58 million ounces at 8.2 g/t Au and Inferred Mineral Resources of 0.93 million ounces at 4.4 g/t Au [14][18] - The Preliminary Economic Assessment indicates a low-cost, high-value project with an 11-year mine life and significant upside potential [18] Group 3: Geological Context - Gold mineralization at the O'Brien project occurs within quartz-sulphide veins associated with mafic volcanic rocks and conglomerates, typically linked to shearing and biotite alteration [9][10] - The historic O'Brien mine produced over half a million ounces of gold at an average grade exceeding 15 g/t Au, indicating the potential for high-grade mineralization in the current exploration [11][12]
Aldebaran Reports Infill Drilling Results from Eleven Holes at the Altar Copper-Gold Project in San Juan Argentina
Globenewswire· 2025-06-17 11:00
Core Viewpoint - Aldebaran Resources Inc. has reported positive results from its in-fill drilling program at the Altar project in San Juan, Argentina, aimed at upgrading resource classifications from Inferred to Measured & Indicated [1][3]. Drilling Results - The drilling program included 11 holes, with significant results such as: - ALDE-25-038EXT: 578.00 m of 0.51% CuEq from 372.00 m depth [2][5]. - ALDE-25-135EXT: 383.40 m of 0.47% CuEq from 476.00 m depth, including 81.00 m of 0.62% CuEq from 751.00 m depth [3][5]. - ALDE-25-118EXT: 557.00 m of 0.39% CuEq from 352.00 m depth [2][6]. Project Update - The 2024/2025 field campaign has concluded with a total of 25,186.70 m of drilling completed, marking the largest drilling campaign since Aldebaran took over the project in 2018 [7]. - The drilling included 5,977.50 m for metallurgical purposes, and downhole televiewer surveys were conducted for geotechnical data [7]. Management Commentary - The CEO, John Black, emphasized that the results confirm the continuity of known mineralization and will add significant value as the company transitions from a Preliminary Economic Assessment (PEA) to a Pre-Feasibility Study (PFS) in 2026 [3]. - The Chief Geological Officer, Kevin B. Heather, noted that the drilling aims to convert a large portion of inferred resource blocks to measured and indicated categories, enhancing the project's resource confidence [3]. Technical Data - The reported intervals represent true thickness of mineralization, with CuEq values calculated using copper, gold, silver, and molybdenum prices [4][6]. - The sampling and analytical procedures follow rigorous industry standards, ensuring data quality through the use of certified control standards [12]. Company Background - Aldebaran Resources Inc. holds an 80% interest in the Altar copper-gold project, which is part of a cluster of world-class porphyry copper deposits in Argentina [10]. - The company was spun out of Regulus Resources Inc. in 2018 and has the same core management team [10].
NexGold Infill Drilling Intersects 25.79 g/t Gold Over 4.5 Metres and 18.09 g/t Gold over 3.0 Metres at the Goldboro Gold Project
Globenewswire· 2025-06-13 11:00
Core Viewpoint - NexGold Mining Corp. is progressing well with its 25,000-metre diamond drill program at the Goldboro Project in Nova Scotia, aimed at improving geological and grade continuity of the open pit Mineral Resource [1][4] Drilling Program Update - The drill program, initiated on January 22, 2025, is nearing completion, with final assays expected by mid-Q3 2025 [1] - Currently, 31 drill holes, approximately 24% of the total, have been released, showing consistent gold mineralization with additional intersections in previously unpredicted areas [3][4] Assay Results - Recent assay results from 18 infill diamond drill holes total 2,775.3 metres, primarily from the proposed west pit [2] - Selected drill intersections include: - 25.79 g/t gold over 4.5 metres in hole BR-25-522, including 227.0 g/t over 0.5 metres [5] - 18.10 g/t gold over 3.0 metres in hole BR-25-489, including 52.57 g/t over 1.0 metre [5] - 2.27 g/t gold over 11.35 metres in hole BR-25-491 [5] Geological Model and Resource Estimate - The results confirm the existing geological model while indicating the need for adjustments to mineralized solids based on local variations [4] - The data will contribute to a new Mineral Resource Model, which will be the basis for a planned Feasibility Study Update later in 2025 [4][3] Company Overview - NexGold Mining Corp. focuses on gold mining with assets in Canada and Alaska, including the Goldboro Gold Project and the Goliath Gold Complex [17] - The company emphasizes sustainable practices and community engagement throughout its project lifecycle [17]