Core Viewpoint - Revival Gold has taken a significant step by acquiring 100% of Barrick Mining's stake in the Mercur gold project, which may lead to the resumption of gold production in Utah [1] Group 1: Acquisition Details - The acquisition option was established under a mineral lease and option-to-purchase agreement signed in May 2021, covering 996 hectares of mineral interests, expanding the Mercur project area to approximately 7,200 hectares [1] - To exercise the option, Revival Gold must spend at least C$6 million (approximately $4.35 million) on exploration by January 2, 2026, a condition that has already been fulfilled [5] Group 2: Economic Assessment - A preliminary economic assessment (PEA) for the Mercur gold project is expected to be completed by mid-2025, with a 13,000 meters drill campaign conducted this year to support a planned pre-feasibility study (PFS) in 2026 [2] - The PEA forecasts an average annual production of 95,600 ounces of gold over a mine life of ten years [2] Group 3: Financial Projections - The PEA estimates an after-tax net present value (NPV) of $294 million at a 5% discount rate and a gold price of $2,175 per ounce [3] - Compensation to Barrick will include $5 million at option closing, and $5 million on each of the first, second, and third anniversaries of the start of commercial production, with payments potentially made in cash or common shares of Revival Gold [6] Group 4: Strategic Importance - The president & CEO of Revival Gold emphasized that the acquisition consolidates a large Carlin-style gold system, which is rare outside of major Nevada gold operations, and comes with essential infrastructure such as paved road access and an energized powerline [4] - The company is committed to maintaining high standards of environmental and community stewardship, similar to those upheld by Barrick at Mercur [7]

Core Viewpoint - Jihai Resources (02489) experienced a significant stock price increase, rising over 12% in early trading and currently up 9.38% at HKD 2.1, with a trading volume of HKD 19.45 million [1] Group 1: Company Operations - Jihai Resources announced a mining accident at its Denggezhuang mine in late July, leading to a temporary suspension of operations for rectification [1] - On September 26, the Yantai Emergency Management Bureau granted permission for the Denggezhuang mine to resume operations, indicating a quick recovery from the incident [1] - The company's board believes that the short duration of the suspension will not have a significant impact on the group's financial performance [1] Group 2: Financial Activities - Jihai Resources plans to issue up to 400 million shares at a discount of 19.2%, with a placement price of HKD 1.18 per share, expecting net proceeds of approximately HKD 462 million [1] - Approximately 50% of the proceeds will be allocated for the acquisition of potential gold mining projects, while 25% will be used to accelerate business expansion, and the remaining 25% for general working capital and other corporate purposes [1]