Core Insights - Focus Graphite Inc. is advancing its Environmental and Social Impact Assessment (ESIA) for the Lac Knife graphite project and accelerating mineral resource expansion at Lac Tétépisca [2][3][4] Group 1: ESIA Progress - The company has re-engaged IOS Geosciences Inc. to complete 16 technical reports necessary for submission to Québec's environmental authorities, marking a significant step towards permitting and mine construction [3][4] - The ESIA program, initially launched in 2020, faced delays due to funding constraints but is now back on track, with report completion expected by early 2026 [4][5] Group 2: Mineral Resource Expansion - Focus Graphite has initiated geochemical analysis of over 1,000 drill core samples from its 2022 exploration program at Lac Tétépisca, which will support an updated NI 43-101 Mineral Resource Estimate anticipated in Fall 2025 [6][8] - The updated resource estimate will further define the development potential of Tétépisca alongside Lac Knife [8] Group 3: Incentives and Future Plans - The company has granted stock options to purchase up to 4,215,000 common shares at an exercise price of $0.14 per share, expiring on August 13, 2030, and has also issued 1,350,000 restricted stock units to its directors and consultants [9] - The CEO emphasized that resuming the ESIA is a pivotal milestone towards full permitting and mine development at Lac Knife, reflecting the company's commitment to building value across its asset base in Québec [9]

Core Viewpoint - Fortuna Mining Corp. reports promising exploration drilling results from the Southern Arc deposit at the Diamba Sud Gold Project in Senegal, indicating potential for resource growth and further exploration planned for September 2025 [1][2]. Exploration Results - Drillhole DSDD488 intersected 22.7 g/t Au over an estimated true width of 21.6 meters from a depth of 53 meters, highlighting high-grade intercepts [2]. - Additional notable results include: - DSDD418: 6.3 g/t Au over 18.2 meters from 31 meters, with higher grades of 23.3 g/t Au over 0.8 meters from 40 meters [3]. - DSDD440: 10.4 g/t Au over 0.8 meters from 41 meters and 19.4 g/t Au over 0.8 meters from 43 meters [3]. - DSDD444: 33.5 g/t Au over 0.8 meters from 45 meters and 9.7 g/t Au over 20.8 meters from 117 meters [3]. - DSDD4621: 4.2 g/t Au over 31.2 meters from 5 meters, including 13.3 g/t Au over 0.8 meters from 7 meters [3]. Drilling Program Overview - A total of 152 reverse circulation and diamond core drill holes have been completed, totaling 21,234 meters since the last update [4]. - Of these, 53 drill holes were completed after the data cutoff for the maiden Inferred Mineral Resource estimate of 3.9 million tonnes averaging 1.57 g/t Au, containing 194,000 ounces of gold [6]. Future Plans - Drilling is set to resume in September 2025 after the rainy season, with further results expected by year-end [2][5]. - An updated resource estimate is planned for the first quarter of 2026, incorporating the results from the recent drilling [6]. Geological Context - Mineralization at Southern Arc is characterized by fine stockwork vein arrays and pyrite-silica flooding, with a strong correlation to tectonic breccias and carbonate units [7]. - The mineralization remains open at depth and along strike to the south and east, indicating further exploration potential [7].

Core Viewpoint - Fortuna Mining Corp. has reported promising exploration drilling results from the Southern Arc deposit at the Diamba Sud Gold Project in Senegal, indicating potential for resource growth and further exploration planned for the upcoming months [1][2][5]. Exploration Results - The exploration drilling at the Southern Arc deposit has yielded several high-grade intercepts, with notable results including drillhole DSDD488, which intersected 22.7 g/t Au over an estimated true width of 21.6 meters [2][3]. - Additional highlights from the drilling program include: - DSDD418: 6.3 g/t Au over 18.2 meters, including 23.3 g/t Au over 0.8 meters [3]. - DSDD440: 6.3 g/t Au over 16.8 meters, including 19.4 g/t Au over 0.8 meters [3]. - DSDD462: 9.7 g/t Au over 20.8 meters, including 21.9 g/t Au over 2.2 meters [3]. - DSDD488: 22.7 g/t Au over 21.6 meters, including 258.8 g/t Au over 1.6 meters [3]. Drilling Program Details - A total of 152 reverse circulation and diamond core drill holes have been completed, amounting to 21,234 meters since the last update [4]. - The drilling program has been paused due to the rainy season, with plans to resume in mid-September [4]. - Of the 152 drill holes, 53 were completed after the data cutoff for the maiden Inferred Mineral Resource estimate of 3.9 million tonnes averaging 1.57 g/t Au, containing 194,000 ounces of gold [5]. Mineralization Characteristics - Mineralization at the Southern Arc deposit is characterized by fine stockwork vein arrays and pyrite-silica flooding, with a strong correlation to tectonic breccias and carbonate units [6]. - The mineralization remains open at depth and along strike to the south and east, indicating further exploration potential [2][6]. Future Plans - Drilling is scheduled to resume in September, with further results expected by year-end, and an updated resource estimate planned for the first quarter of 2026 [2][5].

Construction Activities - The Koné project is progressing on-budget and on-schedule, with the first gold pour expected in Q2-2027 [9][14][32] - Over 3.0 million hours have been worked without a Lost Time Injury, with more than 2,500 employees and contractors on-site [6][14][17] - As of June 30, 2025, a total of $339.2 million has been committed to the project, with $158.8 million disbursed, representing approximately 44% of the total estimated capital expenditure of $835 million [9][41] Exploration Activities - The exploration program for 2025 has been increased from 90,000 meters to 120,000 meters, with 83,280 meters already drilled in H1-2025 [12][43] - The focus is on delineating higher-grade resources, with a target of discovering at least 1 million ounces of Measured and Indicated Resources at a grade 50% higher than the Koné deposit before production begins [15][42] - An updated Mineral Resource Estimate was published on July 21, 2025, for the Gbongogo South and Koban North deposits, with further updates expected throughout the year [45][46] Financial Position - As of June 30, 2025, the company had a consolidated cash balance of $99.9 million, up from $42.7 million at the end of Q1-2025 [38] - Total liquidity and available financing amounted to $734.8 million, including $593.8 million of undrawn financing [39] - Cash flows generated from financing activities increased significantly to $150.5 million in Q2-2025, driven by the partial drawdown of the Wheaton Stream [37]

Goldshore Intersects 53m of 2.03 g/t Au from 160m in the Main Zone August 12, 2025 9:00 AM EDT | Source: Goldshore Resources Inc. Vancouver, British Columbia--(Newsfile Corp. - August 12, 2025) - Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) ("Goldshore" or the "Company"), is pleased to announce the last batch of assay results from the Company's recently completed 20,000-meter winter drill program (Figure 1) with the final results from six shallow holes drilled to confirm results from his ...

Core Viewpoint - Goldshore Resources Inc. has announced significant assay results from its winter drill program at the Moss Gold Project, confirming the continuity of mineralized shears between the Main and Southwest Zones, which may enhance the project's resource estimate [2][3][6]. Group 1: Drill Program Results - The winter drill program consisted of 20,000 meters, with 1,380 meters drilled in the previously undrilled Golden Gate Zone [2][5]. - Significant intercepts include: - 25.3 meters of 0.92 g/t Au from 390 meters, including 3.15 meters of 5.15 g/t Au [6][16]. - 20 meters of 0.92 g/t Au from 154 meters, including 4 meters of 3.01 g/t Au [6][17]. - 2.75 meters of 3.08 g/t Au from 119.25 meters [6][17]. - 12 meters of 0.90 g/t Au from 157 meters, including 10 meters of 1.00 g/t Au [6][17]. Group 2: Geological Insights - The drilling confirmed the presence of medium-grade marginal shears, indicating continuity of mineralization between the Main and Southwest Zones [3][12]. - The geological characteristics of the intercepts suggest a more significant connection between the two zones than previously modeled, potentially allowing for a single proposed pit [3][13]. Group 3: Company Overview - Goldshore is focused on advancing its primary gold assets, particularly the Moss Gold Project, which has seen over $75 million in investment and approximately 100,000 meters of drilling [26]. - The updated mineral resource estimate for the Moss Gold Project includes 1.54 million ounces of Indicated gold resources at 1.23 g/t Au and 5.20 million ounces of Inferred gold resources at 1.11 g/t Au [26].

The Company has now released assay results for 130 drill holes (approximately 92%) from the infill program. Results from the drill program, to date, continue to demonstrate the presence of mineralization that is consistent with previous drill results in the proposed west and east pits. In particular, the existing geological model appears to broadly predict the location of gold mineralization with local adjustments to the model where mineralization is either not in the exact positions predicted by the model ...

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].

Company Overview - Encounter Resources has a market capitalization of approximately $130 million and an enterprise value of around $111 million [11] - The company holds a strong cash position of approximately $19 million as of June 30, 2025 [11, 16] - Major shareholders include Board/Management (35%), Other (26%), Institutions (18%), IGO (10%), and Chalice Mining (6%) [13] Aileron Project - West Arunta - The Aileron Project is targeted for IOCG copper-gold exploration [23] - An initial inferred Niobium Mineral Resource Estimate (MRE) was released in May 2025, showing 19.2Mt @ 1.74% Nb₂O₅ (≥1.0% cut-off) [35] - A high-grade intercept at the Joyce prospect showed 9m @ 2.2% Nb₂O₅ from 120m [38] Copper Projects - Paterson Province - Encounter Resources holds 100% ownership of the Lamil and Yeneena Copper Projects in the Paterson Province [46] - South32 has a farm-in agreement for the Jessica Copper project in the Northern Territory [49]

Financial Performance & Growth - Westgold achieved a record Q4 FY25 and FY25, closing with $364 million in cash, bullion, and liquid investments[33, 34] - In Q4 FY25, Westgold produced 88,022 ounces of gold at an AISC (All-In Sustaining Cost) of $2,688/oz and sold 71,500 ounces at an average price of A$5,174/oz, generating revenue of A$370 million[36] - Westgold reported a record quarterly treasury build of $132 million in Q4 FY25[27, 36] Operational Highlights & Future Plans - Westgold is transitioning to predominantly longitudinal open stoping at the South-Junction mine, expecting paste fill to commence in late Q1 FY26, enabling 100% orebody extraction[41] - Great Fingall virgin stopes are expected to bring higher grade ore, with first ore to the Bluebird mill in Q2 FY26, displacing low-grade stockpiles[44] - Westgold plans to expand Beta Hunt to >2Mtpa with infrastructure projects progressing, including clean water supply and primary vent upgrades[50] - The company aims to expand Bluebird-South Junction to 1.2Mtpa and grow the Fletcher Zone[69] Resource & Reserve Updates - The Fletcher Zone Maiden Mineral Resource was reported as 31 million tonnes @ 2.3g/t for 2.3 million ounces of gold at the end of Q4 FY25[56, 85] - At the end of Q1 FY25, the Bluebird-South Junction Mineral Resource was reported as 14.969 million tonnes @ 2.9g/t for 1.37 million ounces of gold[85] - At the end of Q1 FY25, the Starlight Open Pit & Underground Mineral Resource was reported as 12.9 million tonnes @ 2.7g/t for 1.13 million ounces of gold[85]