Preliminary Economic Assessment
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XXIX Appoints Guy Le Bel to its Board of Directors
Newsfile· 2025-11-10 11:00
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 ...
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]
Aldebaran PEA for the Altar Project Reports 48 Year Mine Life, After Tax NPV (8%) of US$2 Billion, and 20.5% IRR
Globenewswire· 2025-10-30 11:00
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].
G2 Goldfields Issues Corporate & Exploration Update
Globenewswire· 2025-10-27 10:00
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]
Allied Critical Metals Drills 10.0 Metres of 1.11% Tungsten (WO3) at Borralha
Newsfile· 2025-10-22 11:30
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 Project
Newsfile· 2025-10-22 10:00
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 ...
Allied Critical Metals Closes Upsized $16.25 Million LIFE Offering
Newsfile· 2025-10-21 22:16
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].
Minnova Corp. PL Gold Mine Re-Start Plan, In-Fill Drill Program Update, and Option Grant
Newsfile· 2025-10-21 11:30
Core Viewpoint - Minnova Corp. is advancing its PL Gold Mine restart plan, focusing on transitioning from open pit to underground mining operations, with a Preliminary Economic Assessment (PEA) expected by Q1 2026 and a full Feasibility Study by Q3 2026 [2][5][13] PL Gold Mine Restart Plan Update - A&B Global Mining has completed a mine development concept study for the PL Gold Mine, aiming for an open pit operation before moving underground [2] - A PEA will be conducted based on an updated Mineral Resource Estimate (MRE), expected to be completed by the end of Q1 2026 [2][4] Mineral Resource Estimate (MRE) - The existing MRE (as of November 1, 2017) estimates 282,500 ounces of gold in 1,481,000 tonnes at a grade of 5.93 g/t and 301,700 ounces in 1,846,000 tonnes at 5.08 g/t, based on a gold price of US$1,250 per ounce [3] - The first MRE update will incorporate historical drilling results and current drill program results up to the end of November 2025, while the second update will include results up to April 2026 [3] Economic Assessment - The PEA will evaluate a restart using open pit mining methods at a throughput rate of 1,000 tonnes per day, with a base case gold price of US$2,500 per ounce [4] Drilling Program Update - A Phase 1 drill program of 1,500 meters has been initiated, followed by an expanded Phase 2 program of 15,000 meters to achieve sub-25 meter spacing on mineralized structures [9] - The drilling aims to provide critical data for updating the MREs and validating mining methods [9] Environmental Compliance - AECOM has been engaged to assist with environmental compliance and permitting for the PL Gold Mine, including amendments to existing permits for the new open pit development plan [6] Option Grant - The board of directors has approved an option grant of 2,500,000 options to purchase common shares at a price of $0.30 per share, with immediate vesting [11]
Radisson Expands Ongoing Step-Out Drill Program at O'Brien to 140,000 Metres
Newsfile· 2025-10-16 10:30
Core Viewpoint - Radisson Mining Resources Inc. is expanding its exploration drill program at the O'Brien Gold Project to 140,000 metres, utilizing up to eight drill rigs, aiming to delineate new high-grade gold mineralization beyond the current Mineral Resource Estimate [1][2][6]. Exploration Program Expansion - The ongoing step-out exploration drill program will increase from an initial 50-60,000 metres to 140,000 metres, marking the largest drill program in the history of the O'Brien Gold Project [1][6]. - The program will continue through 2026 and is expected to generate significant new data and updates to the Project's Mineral Resource Estimate [2][6]. Financial Backing - The expansion follows a successful financing round that raised $25 million, enabling the company to increase the scope and ambition of its exploration efforts [2]. Exploration Targets - The Exploration Target at O'Brien is estimated to be between 3 and 4 million ounces of gold, with a grade range of 4.5 to 8.0 grams per tonne [2]. - Recent drilling has confirmed high-grade mineralization at depths of up to 2 kilometres, with significant intersections reported, including 31.24 g/t Au over 8.0 metres [3][5]. Preliminary Economic Assessment - The recently completed Preliminary Economic Assessment (PEA) indicates a high-value project with reduced capital costs and development risks due to the use of nearby milling facilities [2][14]. - The current Mineral Resource Estimate includes Indicated Mineral Resources of 0.58 million ounces and Inferred Mineral Resources of 0.93 million ounces, based on drilling completed to the end of 2022 [8][14]. Geological Context - Gold mineralization at O'Brien is associated with quartz-sulphide veins within volcanic and sedimentary rock formations, typically occurring in narrow, high-grade shoots [9][10][11]. - 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 significant resource growth [11].