Core Viewpoint - Minmetals Resources (01208) has seen a stock increase of over 5%, currently up 5.5% at HKD 7.29, with a trading volume of HKD 76.34 million, following the announcement of positive exploration results from the Izok Corridor project in Canada [1] Group 1: Exploration Activities - Minmetals Resources announced regional exploration work during the summer field seasons of 2024 and 2025 at the Izok Corridor project, based in Nunavut, Canada [1] - The exploration is based on historical geophysical and geological data, confirming multiple target areas with surface mineralization [1] - Following the exploration results, the company has prioritized subsequent drilling targets and further exploration efforts [1] Group 2: Resource Expansion - In 2025, Minmetals Resources will conduct resource expansion drilling at High Lake and its eastern section, which has yielded positive results [1] - Drill holes have revealed high-grade mineralization, extending the known mineralization range [1] - The company is continuing efforts to update the mineral resource estimate for High Lake and to complete the first mineral resource estimate for the eastern section [1]

Core Insights - Company has initiated regional exploration work at the Izok Corridor project during the summer fieldwork seasons of 2024 and 2025, based in Nunavut, Canada, confirming multiple mineralization occurrences in targeted areas [1] - Positive results from resource expansion drilling at High Lake and its eastern section have revealed high-grade mineralization, leading to an update of mineral resource estimates [1] - Based on encouraging findings, the company is planning an exploration program for 2026 [1] Exploration Activities - The exploration work is based on historical geophysical and geological datasets, with field investigations confirming mineralization in several target areas [1] - The company has identified priority areas for further drilling based on the results of the current phase of work [1] Resource Expansion - The resource expansion drilling at High Lake and its eastern section has yielded positive results, extending the known mineralization range [1] - Ongoing efforts are focused on updating the mineral resource estimate for High Lake and completing the first estimate for the eastern section [1] Future Plans - The company is in the process of planning its exploration strategy for 2026, driven by the positive outcomes from recent exploration activities [1] Market Response - DBS has raised the target price for the company to HKD 9.1 and increased copper price forecasts for the next two years by 3% [2]

公告指出，-350米以下深部矿化仍未封闭，最深见矿标高为-1284米，后续钻探计划正在推进，并同步 进行未来扩能扩产的行政工作。 灵宝黄金宣布，其全资附属公司桐柏兴源矿业有限公司已完成桐柏老湾金矿区采矿权范围内-350米标高 以上的勘探工作，并首次发布符合JORC规范的矿产资源量报告。截至2025年9月30日，该矿区估算总矿 石量为1,273.0万吨，金品位4.28克╱吨，金金属量175.3万盎司(54.51吨)。与2024年12月31日相比，金金 属量增长了73.7万盎司(22.94吨)，增幅达73%，主要由于新增勘探工程。 ...

Core Insights - Lingbao Gold (03330) announced the completion of exploration work in the Tongbai Laowan gold mining area, with the first resource report compliant with JORC standards, indicating significant mineral resources [1][2] Group 1: Mineral Resource Estimates - As of September 30, 2025, the estimated gold metal content in the Tongbai Laowan gold mining area is 175.3 thousand ounces (54.51 tons), representing an increase of 73.7 thousand ounces (22.94 tons) or 73% compared to the previous estimate of 101.5 thousand ounces (31.57 tons) as of December 31, 2024 [2] - The total estimated mineral resources include: - "Proven" ore of 640 thousand tons with a grade of 4.18 grams per ton, yielding 86 thousand ounces (2.67 tons) of gold - "Controlled" ore of 4,400 thousand tons with a grade of 4.85 grams per ton, yielding 687 thousand ounces (21.36 tons) of gold - "Inferred" ore of 7,690 thousand tons with a grade of 3.96 grams per ton, yielding 980 thousand ounces (30.48 tons) of gold - Total ore of 12,730 thousand tons with a grade of 4.28 grams per ton, yielding 1,753 thousand ounces (54.51 tons) of gold [1][2] Group 2: Future Exploration Plans - The mining rights below -350 meters remain open for further exploration, with the deepest drill hole encountering mineralization at -1,284 meters, indicating ongoing potential for additional resources [2] - The company is advancing plans for the next phase of drilling [2][3]

Core Viewpoint - Chifeng Jilong Gold Mining Co., Ltd. has announced the discovery of a gold-rich porphyry copper-gold deposit in the Vientiane mining area of Laos, along with its first JORC-compliant mineral resource estimate [1] Group 1: Mineral Resource Estimate - The initial mineral resource estimate is 131.5 million tons with a gold equivalent grade of 0.81 grams per ton, equating to approximately 3.44 million ounces of gold equivalent [1] - The controlled resource amount is estimated at 93.7 million tons with a grade of 0.86 grams per ton, corresponding to about 2.58 million ounces of gold equivalent [1] - The time taken from exploration to JORC-compliant resource estimation was only 14 months [1] Group 2: Potential for Resource Increase - There is significant potential to increase the current mineral resource estimate due to unclosed mineralization at depth [1] Group 3: Metallurgical Testing Results - Preliminary metallurgical test results indicate an overall gold recovery rate of 88% and a copper recovery rate of 88.5% [1]

Core Insights - Chifeng Jilong Gold Mining Co., Ltd. (06693) announced the discovery of a gold-rich porphyry copper-gold deposit in the Vientiane mining area of Laos, along with its first JORC-compliant mineral resource estimate [1] - The mineral resource estimation process took only 14 months from exploration to JORC compliance [1] - The initial estimated mineral resource is 131.5 million tons with a gold equivalent grade of 0.81 grams per ton, amounting to approximately 3.44 million ounces of gold equivalent [1] - The controlled resource amount is 93.7 million tons with a grade of 0.86 grams per ton, equating to about 2.58 million ounces of gold equivalent [1] - There is significant potential to increase the current mineral resource due to unclosed mineralization at depth [1] - Preliminary metallurgical test results indicate an overall gold recovery rate of 88% and a copper recovery rate of 88.5% [1]