Core Viewpoint - Amex Exploration Inc. has released an updated Preliminary Economic Assessment (PEA) for its Perron gold project, indicating strong economic potential with a post-tax IRR of 70.1% and a post-tax NPV of C$1,085 million at a gold price of US$2,500 per ounce [4][5][48]. Economic Highlights - The updated PEA incorporates the latest Mineral Resource Estimate and a new project development strategy, assuming a gold price of US$2,500/oz and a C$/US$ exchange rate of 1.38:1 [4][48]. - Cumulative undiscounted post-tax cash flow is projected at C$1,768 million, with C$1,273 million expected over the first 10 years of production [5][48]. - Average gold production is estimated at 112,000 ounces per year for the first 10 years, with a life of mine (LOM) total production of 1.66 million ounces [8][44]. Production Strategy - The project will be developed in two phases: Phase 1 involves a 4-year toll milling operation with a capacity of 1,000 tonnes per day (tpd), while Phase 2 will establish a 2,000 tpd on-site processing plant [6][21]. - Initial capital expenditure for Phase 1 is estimated at C$146.1 million, netting to C$77.5 million after accounting for pre-production revenues of C$68.6 million [36][48]. - The staged production strategy aims to minimize shareholder dilution and accelerate time to revenue, targeting production commencement in 2028 [6][7]. Financial Analysis - At a base case gold price of US$2,500/oz, the project generates a post-tax NPV of C$1,085 million and a post-tax IRR of 70.1%, with a payback period of 1.4 years [48][49]. - Sensitivity analysis shows that at a spot price of US$3,400/oz, the post-tax NPV increases to C$1,841 million and the IRR to 107.6%, with a payback period of 0.4 years [49][50]. Operating Costs - The LOM total operating cost is estimated at US$891 per ounce of gold produced, placing the project in the bottom quartile of the global gold cost curve [44][48]. - The average all-in sustaining cost (AISC) is projected at US$1,061 per ounce over the mine's life [44][48]. Infrastructure and Workforce - The project is located approximately 6.5 kilometers from Normétal, Quebec, and will require various infrastructure developments, including a processing plant and water management facilities [27][30]. - During steady-state operations, the workforce is expected to peak at 272 employees during Phase 1 and 335 during Phase 2 [31]. Environmental and Permitting - The project will undergo an environmental impact assessment as required by regulations, with ongoing studies to identify key environmental and social risks [56][57]. - Specific provincial and federal permits will be required for various project components once the environmental assessment is completed [58]. Stakeholder Engagement - The company has established a relationship of trust with the Abitibiwinni First Nation and prioritizes stakeholder engagement and communication throughout the project development [59][60]. Exploration Update - Amex has expanded its land holdings with the acquisition of the Perron West property, enhancing its exploration plans in the Normétal-Burntbush greenstone belt [61][62]. - Ongoing surface exploration work includes soil sampling and geological mapping, with results expected to inform future drilling programs [63].

Core Viewpoint - Fury Gold Mines Limited announced the results of a preliminary economic assessment (PEA) for the high-grade Eau Claire deposit, indicating strong economic potential and significant undervaluation in the market [1][2][11]. Economic Assessment - The PEA evaluated three scenarios based on a gold price of US$2,400 per ounce, showing exceptional internal rates of return (IRR) and net present values (NPV) [2][39]. - The Base Case scenario has an after-tax NPV5 of C$554 million and an IRR of 41%, while the Hybrid Case shows an NPV5 of C$610 million and an IRR of 53%, and the Toll Milling Case has an NPV5 of C$639 million with an IRR of 84% [7][39]. Production and Resources - The PEA outlines a total production of 834,367 ounces of gold over an 11-year life of mine (LOM), with an average annual production of approximately 75,852 ounces [3][7]. - The combined resource at Eau Claire and Percival is 6.39 million tonnes at 5.64 g/t gold, containing 1.16 million ounces in the Measured and Indicated category and 723,000 ounces in the Inferred category [2][12]. Mining Methodology - The project will utilize a hybrid mining approach, combining underground mining with two small open pits, with underground operations starting with a small bulk sample in year minus 1 [3][16]. - The underground operation is expected to produce 702,000 ounces of gold at an average diluted head grade of 5.22 g/t from 4.40 million tonnes of material [3][7]. Capital and Operating Costs - Initial capital expenditures are estimated between C$117 million and C$217 million, with sustaining capital of C$66 million [12][35]. - The all-in sustaining costs (AISC) are projected at US$1,140 per ounce for the Base Case, US$1,153 per ounce for the Hybrid Case, and US$1,170 per ounce for the Toll Milling Case [7][12]. Infrastructure and Environmental Considerations - The project benefits from strong infrastructure, including access to hydro power and roads, which enhances its attractiveness [2][27]. - The Eau Claire project will undergo a provincial Environmental and Social Impact Assessment (ESIA) as part of its development process [42][43]. Indigenous Relations - The company emphasizes its commitment to building effective relationships with Indigenous communities, with approximately 25% of the project team comprising local Indigenous members [44][45]. Next Steps - Fury plans to advance the Eau Claire deposit through further environmental baseline studies, tailings management, and metallurgical testing [47][53].

Core Viewpoint - Omai Gold Mines Corp. has significantly increased its Mineral Resource Estimate (MRE) for its Omai Gold Property in Guyana, with notable expansions in both the Indicated and Inferred resources at the Wenot and Gilt Creek deposits, positioning the project as one of the largest gold projects in the region [4][33]. Summary by Category Mineral Resource Estimates - The updated MRE includes Indicated resources of 2,121,000 ounces of gold at an average grade of 2.07 g/t Au, and Inferred resources of 4,382,000 ounces at an average grade of 1.95 g/t Au [3][9]. - The Wenot Deposit's Inferred MRE increased by 130% to 3,717,000 ounces at a grade of 1.82 g/t Au, while the Indicated MRE rose by 16% to 970,000 ounces at a grade of 1.46 g/t Au [3][4]. Deposit Details - The Omai Property hosts two main deposits: the Wenot Deposit, which utilizes both open pit and underground mining methods, and the Gilt Creek Deposit, which is primarily underground [2][4]. - The Gilt Creek Deposit has an Indicated MRE of 1,151,000 ounces averaging 3.22 g/t Au, and an Inferred MRE of 665,000 ounces averaging 3.35 g/t Au [8][17]. Economic and Technical Assumptions - The updated MRE is based on a gold price assumption of $2,500 per ounce, which allowed for a lower cutoff grade of 0.30 g/t Au compared to the previous 0.35 g/t Au [12][24]. - The MRE incorporates extensive drilling data, with 639 diamond drill holes and 12,028 assay results for the Wenot Deposit, and 46 drill holes with 7,056 assay results for the Gilt Creek Deposit [11][21]. Future Plans - The company plans to continue aggressive drilling to further expand the gold zones at both deposits and aims to advance towards a Feasibility Study by late 2026 [5][34]. - An updated Preliminary Economic Assessment (PEA) is expected to be completed in late 2025, incorporating the expanded MRE for both deposits [24][34].

Core Viewpoint - XXIX Metal Corp. announces fully funded exploration programs for its Opemiska and Thierry Copper Projects, highlighting significant drilling plans and upcoming economic assessments [1][9]. Drilling Programs - A drill program of up to 15,000 metres is planned at the K1 deposit of the Thierry Copper Project, aimed at expanding the current resource based on a newly developed geological model [2][4]. - The K1 deposit currently has an inferred resource of 53.6 million tonnes with grades of 0.38% copper, 0.10% nickel, and other metals [2][3]. - A 5,000-metre drill program is set for the Cooke Gold Zone at the Opemiska Project, which has not been adequately tested since the mine's closure, with historical production of 1.97 million tonnes at 5.04 g/t gold and 0.66% copper [5][9]. Economic Assessment - A Preliminary Economic Assessment (PEA) for the Opemiska Project is anticipated to be completed in October 2025, marking the first economic evaluation since 1991 [6][8]. - The PEA will focus on maximizing project value by prioritizing high-grade tonnes early in the proposed mine plan [6]. Project Overview - The Opemiska Project spans 21,333 hectares and is noted as one of Canada's highest-grade open-pitable copper deposits, with a reported resource of 62.7 million tonnes at 1.04% CuEq (Indicated) and 78.4 million tonnes at 0.41% CuEq (Inferred) as of June 2025 [9]. - The Thierry Project features significant infrastructure and is accessible via an all-season road, with past production from two open pits [9].

Core Viewpoint - Radisson Mining Resources has filed a technical report for the O'Brien Gold Project, highlighting its high value and low capital costs due to the use of neighboring milling facilities [1][2]. Project Overview - The O'Brien Preliminary Economic Assessment (PEA) indicates a project that utilizes existing infrastructure, which reduces capital costs and development risks [2]. - The ongoing drill program aims to delineate new gold mineralization beyond the current Mineral Resource Estimate (MRE) [2]. PEA Highlights - The PEA was conducted by Ausenco Engineering Canada ULC, with contributions from InnovExplo, BBA Inc., and SLR Consulting [3]. - Key financial metrics include an after-tax Net Present Value (NPV) of $532 million, an Internal Rate of Return (IRR) of 48%, and a payback period of 2.0 years at a gold price of US$2,550/oz [7]. - Initial capital costs are estimated at $175 million, with sustaining capital of $173 million over the mine's life [7]. - The project is expected to have an 11-year mine life, producing 740,000 ounces of gold with an average recovery rate of 87% [7]. Financial Metrics - Cash costs are projected at US$861/oz, with an All-In Sustaining Cost (AISC) of US$1,059/oz, which includes a conceptual 30% toll milling margin [7]. - The project is characterized as capital efficient, with an NPV to initial capital cost ratio of 3.0 at the specified gold price [7]. - Average steady-state gold production is estimated at 70,000 ounces per annum, generating an average annual after-tax Free Cash Flow of $97 million during years 2-8 [7]. Company Background - Radisson Mining is focused on the O'Brien Gold Project, which is located in the Bousquet-Cadillac mining camp in Abitibi, Québec [14]. - The indicated mineral resources are estimated at 0.58 million ounces, with additional inferred resources of 0.93 million ounces [14].

Core Viewpoint - West Red Lake Gold Mines Ltd. has filed an independent preliminary economic assessment (PEA) technical report for its Rowan project, indicating positive results and supporting previous disclosures made by the company [1][2]. Company Overview - West Red Lake Gold Mines Ltd. is a publicly traded gold development and mining company focused on the Madsen Gold Mine and a 47 km land package in the Red Lake district of Ontario, which has produced over 30 million ounces of gold [5]. - The company also owns the Rowan Property, covering 31 km and including three past-producing gold mines: Rowan, Mount Jamie, and Red Summit [5]. Technical Information - The PEA Technical Report was prepared by Fuse Advisors Inc. in accordance with NI 43-101 standards and confirms the information disclosed in the company's July 8, 2025 news release [2][3]. - The full PEA Technical Report is available on SEDAR+ and the company's website, encouraging readers to review it in its entirety [3]. Qualified Persons - The technical content of the press release has been prepared and approved by qualified persons, Mr. Will Robinson and Mr. Maurice Mostert, ensuring compliance with industry standards [4].

Core Viewpoint - Sonoro Gold Corp. has received final acceptance for a surface rights lease agreement for its Cerro Caliche Gold Project in Sonora, Mexico, allowing the company to control 100% of the surface and mineral rights for the project area [1][5]. Financial Obligations - The company has completed cash payments of US $3,125,000 to the lessor, fulfilling the financial obligations for the first year of the lease agreement [2]. - Funding for the year-1 payment was sourced from unsecured shareholder loans totaling US $2,900,000, with an annual interest rate of 10% and a 7% lending fee [3]. Related Party Transactions - The loans provided by company directors are classified as a "related party transaction" under Multilateral Instrument 61-101, with the company relying on exemptions from formal valuation and minority shareholder approval [4]. Project Development - The lease agreement is crucial for the construction and operation of the Cerro Caliche gold mine, covering an area larger than initially required, thus allowing for future expansion [5]. - The project is in the final permitting stage for an open-pit, heap leach mining operation, with only 30% of the identified mineralized zones drilled and assayed to date [6]. Mineral Resource and Economic Assessment - The Cerro Caliche project spans 1,400 hectares and has confirmed a low-sulphidation epithermal vein structure with over 25 gold mineralized zones [7]. - A Preliminary Economic Assessment (PEA) filed in October 2023 indicates a potential after-tax net present value (NPV5) of US $47.7 million at a gold price of US $1,800 per ounce, and US $77 million at US $2,000 per ounce, with an internal rate of return (IRR) of 45% and 63% respectively [8][9].

Core Viewpoint - Nevada Lithium Resources Inc. has announced the results of an updated Preliminary Economic Assessment (PEA) for its Bonnie Claire lithium project, indicating strong economic potential and significant production capabilities over a long mine life [1][4]. Group 1: PEA Overview - The PEA indicates that Bonnie Claire could produce over 62,300 tonnes of lithium carbonate and 129,500 tonnes of boric acid annually over a 61-year mine life [4][11]. - The project shows a 32.3% after-tax Internal Rate of Return (IRR) and a capital payback period of 2.8 years, with a capital intensity of $34,080 per tonne of lithium carbonate [4][11]. - The after-tax Net Present Value (NPV) is estimated at $6.829 billion at an 8% discount rate [11][12]. Group 2: Production and Cost Metrics - The initial capital costs are projected at $2.125 billion, including $354 million in contingency [11][12]. - The operating cost is estimated at $6,800 per tonne of lithium carbonate, with an all-in sustaining cost of $7,936 per tonne [11][12]. - The break-even price for the project is calculated at $8,560 per tonne of lithium carbonate [11][12]. Group 3: Mineral Resource Estimate - The PEA incorporates a new Mineral Resource Estimate effective March 31, 2025, with significant mineralization remaining open to the northwest, northeast, and southeast [2][26]. - The Lower Zone is characterized by high lithium and boron grades, while the Upper Zone has moderate lithium and low boron grades [8][48]. - The estimated mineral resources for the Lower Zone include 275.85 million tonnes at an average grade of 3,519 ppm lithium and 1,561.06 million tonnes at 3,085 ppm lithium for the Inferred category [28][29]. Group 4: Mining and Processing Methodology - The PEA contemplates an underground operation using a Hydraulic Borehole Mining (HBHM) method, targeting a production rate of 8,000 tonnes per day [9][44]. - The processing method involves whole-ore agitated tank leaching using sulfuric acid, achieving leach extractions exceeding 95% for lithium and boron [50][51]. - Overall recoveries are estimated at 85% for lithium and 48% for boron [51]. Group 5: Future Development and Optimization - The company is evaluating multiple areas for optimization, including ore beneficiation, additional critical mineral production, and the impact of new tax provisions from the US HR1 "One Big Beautiful Bill Act" [7][4]. - The potential for higher grades and volumes could positively impact the PEA economics already demonstrated [4][7].

Core Viewpoint - Surge Battery Metals Inc. has filed an independent National Instrument 43-101 Technical Report for its 2025 Preliminary Economic Assessment Study on the Nevada North Lithium Project, indicating strong economic potential for lithium production [1][2]. Project Highlights - The Preliminary Economic Assessment (PEA) confirms robust economics for a low-cost, large-scale, and long-life conventional open pit and dry-stack tailings operation producing battery-grade lithium carbonate through on-site treatment [3]. - The PEA envisions two phases over an initial 42-year mine life, with Phase 1 processing throughput of 2.58 million tonnes per annum (Mtpa) and doubling to 5.15 Mtpa in Phase 2, starting in Year 4 [3]. - The project aims for a peak production of 109,100 tonnes of lithium carbonate equivalent (LCE) in Year 6, averaging 86,300 tonnes/year LCE for a total of 3.63 million tonnes LCE over the life of mine, with a lithium recovery rate of 82.8% [3][8]. Economic Metrics - The after-tax Net Present Value (NPV) at an 8% discount rate is estimated at US$9.17 billion, with an Internal Rate of Return (IRR) of 22.8% based on a lithium carbonate equivalent price of US$24,000 per tonne [8]. - Operating costs are projected at US$5,243 per tonne LCE, with a total capital expenditure (CAPEX) of US$5.32 billion for both phases and sustaining capital of US$1.51 billion [8]. - The average annual after-tax cash flow is estimated at US$1.06 billion, with a payback period of 4.6 years [8]. Resource Estimates - The Nevada North Lithium Project has a pit-constrained Inferred Resource containing an estimated 8.65 million tonnes of LCE, grading 2,956 ppm lithium at a 1,250 ppm cutoff [10]. Strategic Development - The company plans to enhance the project through strategic drilling to upgrade resource categories and produce a bulk sample for detailed metallurgical testing [7]. - The project is positioned to support the growing demand for lithium in the domestic battery manufacturing industry as the lithium market rebounds [7]. Location and Infrastructure - The Nevada North Lithium Project is located in Elko County, approximately 73 kilometers north-northeast of Wells, Nevada, with good access via paved highways and county-maintained gravel roads [8][9]. - Northern Nevada is recognized as a major hub for open pit mining operations, providing a skilled labor force and established regulatory frameworks for mine permitting [9]. Company Overview - Surge Battery Metals Inc. is focused on securing domestic lithium supply through its engagement in the Nevada North Lithium Project, contributing to the sustainable future of the electric vehicle industry [16].

Core Viewpoint - DLP Resources Inc. has commenced drilling on the Aurora porphyry copper-molybdenum-silver project in southern Peru, marking a significant step in the exploration and potential economic evaluation of the project [1][9]. Group 1: Aurora Project Overview - The Aurora Project is an advanced stage porphyry copper-molybdenum exploration project located in the Province of Calca, southeastern Peru [9]. - A National Instrument 43-101 Technical Report was released on February 27, 2025, detailing the maiden Mineral Resources effective January 31, 2025, prepared by independent AMC Consultants Pty Ltd [2][11]. Group 2: Mineral Resource Highlights - The Aurora Project contains an Inferred Resource of over 1 billion tonnes, with 4,650 million pounds of copper, 1,110 million pounds of molybdenum, and 80 million ounces of silver [5]. - The Inferred Resource is pit-constrained, with a total of 1,050 million tonnes grading 0.20% copper, 0.05% molybdenum, and 2.4 g/t silver, equating to 0.44% CuEq [4][5]. Group 3: Drilling Program and Economic Assessment - The 2025 drilling program will involve 6,000 to 7,000 meters across seven drill holes, focusing on both extension and infill drilling [7]. - A preliminary economic assessment (PEA) is scheduled to begin in August 2025, with an expected completion date in December 2025 [8][9]. Group 4: Historical Context - Historical drilling at the Aurora Project included thirteen holes drilled between 2001 and 2005, totaling 3,900 meters, which encountered significant copper and molybdenum mineralization [9][10]. - The current mineral resource is based on 24 diamond drill holes conducted by DLP, with a total drill meterage of 18,400 meters [11].