Core Insights - Magna Mining Inc. has announced a significant Mineral Resource Estimate (MRE) for the Levack Mine, confirming substantial mineralization that can be accessed using existing infrastructure [1][2][4] - The MRE includes over 5.9 million tonnes of contact-type mineralization in the Indicated category and 178,000 tonnes of high-grade mineralization at the Morrison Footwall Cu-PGE deposit [2][4] - The company plans to use the MRE to complete a Preliminary Economic Assessment (PEA) aimed at restarting production and exploring further mineralization [2][6] Mineral Resource Estimate Highlights - The Levack Mine MRE includes 6.1 million tonnes in the Indicated category at 3.5% copper equivalent (CuEq) and 5.2 million tonnes in the Inferred category at 3.6% CuEq [4][9] - High-grade footwall-type deposits contain 368,000 tonnes in the Inferred category at 9.4% CuEq, with the Morrison Footwall Cu-PGE deposit grading 15.5% CuEq [4][10] - The No. 3 Footwall deposit is noted for its rich precious metals content, with significant potential for ongoing exploration [4][10] Future Plans and Developments - The company is preparing to award a contract for the PEA, which will evaluate the potential for accessing shallow deposits and restarting production from the Morrison Footwall Cu-PGE deposit [2][6] - A contractor has been engaged to develop the scope of work for re-establishing hoisting capabilities, with work expected to begin in early 2026 [2][6] - The Levack Mine is positioned as the flagship project for the company, with exploration efforts focused on new copper-precious metals deposits in the footwall environment [5][6]

Core Insights - Allied Critical Metals Inc. has confirmed and expanded an ultra high-grade tungsten zone at its Borralha project in Portugal, reinforcing its significance as a major tungsten discovery in Europe amid rising global prices [2][4][11]. Company Updates - The company is focused on its 100% owned Borralha and Vila Verde tungsten projects in northern Portugal, with recent assay results from the ongoing 2025 Reverse Circulation drilling campaign [3][30]. - New assay results from holes Bo_RC_25/25, Bo_RC_20/25, and Bo_RC_29/25 confirm exceptional tungsten grades and strong mineralization continuity, supporting a significant expansion of the upcoming Mineral Resource Estimate (MRE) [4][11][15]. Market Context - Tungsten prices have recently reached USD $700/MTU APT, reflecting a 70% increase over the past six months due to rising demand for critical raw materials and tightening global supply [5][30]. - The Borralha project is strategically important as the EU currently relies on over 80% of its tungsten imports from China, making it a key opportunity for developing a secure domestic supply [33]. Geological Insights - The drilling results indicate a continuous, steeply dipping, high-grade tungsten backbone that remains open along strike and at depth, which is crucial for the forthcoming MRE update and Preliminary Economic Assessment [13][30]. - The mineralization at Borralha is characterized by coarse-grained wolframite, which is highly desirable in global markets due to its favorable processing characteristics [30][33]. Future Plans - The company plans to complete the Phase 1 drilling campaign and finalize assay results, which will inform the updated Mineral Resource Estimate and subsequent economic studies [14][15]. - The updated MRE is expected in Q4 2025, alongside a Preliminary Economic Assessment scheduled for Q1 2026 [15][30].

XXIX Appoints Guy Le Bel to its Board of DirectorsNovember 10, 2025 6:00 AM EST | Source: XXIX Metal Corp.Toronto, Ontario--(Newsfile Corp. - November 10, 2025) - XXIX Metal Corp‎. (TSXV: XXIX) (OTCQB: QCCUF) (FSE: 5LW0) ("XXIX" or the "Company") is pleased to announce that Guy Le Bel, CEO of XXIX Metal Corp. has been appointed to the Company's Board of Directors, effective immediately. "We are pleased to welcome Guy to XXIX's board of directors. His contributions to date have been critical in ...

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]

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]

Core Viewpoint - Aldebaran Resources Inc. announced the results of a Preliminary Economic Assessment (PEA) for the Altar copper-gold project in Argentina, indicating strong potential for a long-life, high-quality copper operation with significant production and cash flow generation [1][6][8]. Economic Highlights - The PEA outlines a 48-year mine life with an average annual production of 101,413 tonnes of copper equivalent (CuEq) over the life of the mine (LOM) [7][10]. - The project has an after-tax Net Present Value (NPV) of $2.0 billion at an 8% discount rate, an Internal Rate of Return (IRR) of 20.5%, and a payback period of 4 years based on base-case metal prices [7][11]. - Total LOM gross revenue is projected at $44.7 billion, with free cash flow estimated at $10.7 billion [7][11]. Production and Cost Metrics - Initial capital expenditure (capex) is estimated at $1.59 billion, with a capital intensity of $15,713 per tonne of average annual CuEq produced [7][12]. - Cash costs (C1) are projected at $1.71/lb payable Cu for the first 20 years, increasing to $2.02/lb for the LOM [7][12]. - All-in Sustaining Costs (AISC) are estimated at $2.25/lb payable Cu for the first 20 years, rising to $2.59/lb for the LOM [7][12]. Mining and Processing Overview - The mining method combines open-pit and underground block caving, with a processing capacity of 60,000 tonnes per day [10][21]. - The project anticipates a recovery rate of 87.76% for copper, 57% for gold, and 50% for silver over the LOM [12][26]. Strategic Partnerships and Future Plans - Aldebaran is collaborating with Nuton, a Rio Tinto venture, to explore alternative processing technologies that could enhance economic viability and reduce environmental impact [8][38]. - The company plans to focus on a Pre-Feasibility Study (PFS) and resource updates in the next 12 to 18 months, aiming to unlock additional value from the Altar project [8][46]. Mineral Resource Estimate - The PEA is based on an updated mineral resource estimate, with approximately 80% of the resources categorized as Measured and Indicated [7][14]. Infrastructure and Environmental Considerations - The project includes comprehensive on-site infrastructure and plans for water management, with a focus on minimizing environmental impact [35][36]. Market Context - The political environment in Argentina is shifting towards pro-business policies, which may benefit the advancement of the Altar project amid rising global demand for copper [8].

Core Insights - G2 Goldfields Inc. is advancing the Oko Gold Project in Guyana towards production, with an updated Mineral Resource Estimate (MRE) and a maiden Preliminary Economic Assessment (PEA) expected in November 2025 [1][2] - The Oko Project is a high-grade gold project with significant exploration activities aimed at resource growth and regional discovery [1][2] Corporate Update - The Oko Project is adjacent to the Oko West Project developed by G Mining Ventures Corp. G2 will publish its maiden PEA based on data from 666 diamond drill holes totaling 170,329 meters, with a cut-off date of August 31, 2025 [2] - The PEA will evaluate the economic viability of a standalone mining operation that includes multiple open pits and underground operations [2] - G2 is conducting additional environmental and geotechnical studies to support permitting activities for the Project [2] Spin-Out of G3 Goldfields Inc. - G2 will complete a spin-out of G3 Goldfields Inc., where G2 shareholders will receive one G3 share for every two G2 shares held as of the effective date [3] - G3's exploration portfolio includes three historical gold mines covering approximately 87,000 acres [3] - The spin-out is subject to regulatory and court approvals, as well as a two-thirds vote at the annual general meeting on November 27, 2025 [3] Near-Mine Resource Growth and Discovery Drilling Programs - In September, G2 conducted a comprehensive review of existing data and completed a drone-assisted geophysical survey over its 105,000-acre land package [4] - This review led to the identification of eight high-priority drill target areas for near-mine resource growth and discovery [4] Highlights of Upcoming Assessments - The maiden PEA is anticipated to be released in November, alongside the completion of the G3 spin-out in December [6] - Drilling is currently underway with multiple rigs testing new high-priority targets, including visible gold identified in two of five maiden drill holes in a new border zone [6] Target Areas for Drilling - **Target 1 - Border Zone**: Focuses on extensions of high-grade drilling intercepts by G Mining, with planned drilling of 7,400 meters [8] - **Target 2 - OMZ West**: Involves drilling to test shear zones with high-grade mineralization, with an initial program of 2,200 meters planned [12] - **Target 3 - High Hill**: Initial drilling has shown promising results, with a follow-up program of 1,060 meters planned [15] - **Target 4 - Oko North**: This area has indicated resources of 808,000 ounces and inferred resources of 513,500 ounces, with an 800-meter drill program planned [20] - **Target 5 - Birdcage**: A 1,700-meter drill program is planned to test the known strike extent of the shear structure [23] - **Target 6 - RED Zone**: Initial drilling has defined a shear zone over 300 meters, with further drilling planned [24] - **Target 7 - Sands**: An 800-meter diamond drill program is planned to explore a quartz vein exposed by artisanal mining [25] - **Target 8 - Aremu West**: Initial soil sampling has identified gold anomalies, with trenching planned to follow up [30] Company Overview - G2 Goldfields Inc. focuses on finding and developing gold deposits in Guyana, with a history of discovering over 10 million ounces of gold in the Guiana Shield [33] - The updated MRE for the Oko property includes significant resources across various zones, indicating the project's potential [36][34][35]

Core Insights - Allied Critical Metals Inc. has reported significant assay results from its Borralha Tungsten Project, confirming high-grade mineralization and supporting a positive outlook for the upcoming Preliminary Economic Assessment (PEA) [2][4][11] Company Overview - Allied Critical Metals is focused on its 100% owned Borralha and Vila Verde tungsten projects located in northern Portugal, with Borralha being a historically significant tungsten operation [2][26] - The company aims to expand and upgrade its current Mineral Resource Estimate (MRE) and develop a robust PEA [14][29] Drilling Results - Recent drilling at Borralha has yielded one of the longest and highest-grade intervals, with notable results including 10.0 meters at 1.11% WO₃ and 90.0 meters at 0.24% WO₃ [8][9][11] - The drilling program has completed 4,210 meters out of a planned 5,625 meters, with further assay results expected soon [12][16] Market Context - The price of tungsten has increased to USD $670/MTU, reflecting a 50% rise over the last six months due to heightened demand and supply chain restrictions from non-Western countries [4] - Borralha is positioned as a strategic opportunity for tungsten supply in Europe, especially given the EU's reliance on over 80% of its tungsten imports from China [28][29] Future Prospects - The results from the drilling program are expected to inform the updated MRE and subsequent economic studies, enhancing the project's potential for resource growth and mine design [10][16][29] - The company is advancing towards a more secure and domestic tungsten supply source, aligning with EU and NATO strategic initiatives [28][29]

DLP Resources Intersects 130m of 0.50% CuEq* within a 927.45m Interval of 0.31% CuEq*, on the Aurora ProjectOctober 22, 2025 6:00 AM EDT | Source: DLP Resources Inc.Cranbrook, British Columbia--(Newsfile Corp. - October 22, 2025) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) (FSE: J8C) ("DLP" or the "Company") announces receipt of complete drill results for drillholes A25-023 and A25-024 on the Aurora porphyry copper-molybdenum-silver project in southern Peru. (Figure 1). The Company is unde ...

Core Viewpoint - Allied Critical Metals Inc. has successfully closed a non-brokered private placement offering, raising gross proceeds of approximately $16.25 million through the issuance of 27,083,266 common shares at a price of $0.60 per share [1][2]. Group 1: Offering Details - The offering resulted in gross proceeds of $16,249,960 from the issuance of 27,083,266 common shares at $0.60 each [1]. - The net proceeds will be allocated for ongoing exploration and development activities on the Borralha Tungsten Project and Vila Verde Tungsten Project, as well as for additional working capital [2]. - The shares issued are exempt from a hold period under Canadian securities laws, allowing for immediate trading [3]. Group 2: Financial Arrangements - The company paid finder's fees totaling $1,042,997 in cash and issued 1,738,328 finders warrants, each exercisable for one additional share at $0.60 for 24 months [4]. - The financing is expected to fully fund the completion of a mineral resource estimate (MRE) and a preliminary economic assessment (PEA) for the Borralha project, as well as technical preparation work for the Vila Verde project [5]. Group 3: Company Overview - Allied Critical Metals Inc. is focused on the expansion and revitalization of its 100% owned Borralha and Vila Verde Tungsten Projects in northern Portugal, with tungsten being designated a critical metal by the U.S. and other western countries [8]. - The global tungsten market is valued at approximately $5 to $6 billion, with significant applications across various industries including defense, automotive, manufacturing, electronics, and energy [9].