MONTREAL, Feb. 3, 2026 /PRNewswire/ - February 4, 2026 – Sydney, Australia Highlights Continue Reading Figure 1: Drill hole result highlights at the CV13 Pegmatite (caesium). (CNW Group/PMET Resources Inc.) Figure 2: Pollucite with late stage lepidolite (purple) and spodumene/pollucite (white) veining displaying classic "tapioca†texture (white blebs) at a depth of ~126 m in drill hole CV25- 948 from the Vega Zone. Core grades 1.9 m at 17.81% Cs2O (125.0 m to 126.9 m) within a wider mineralized interval of 2 ...

Core Insights - The 2025 drill campaign at the Shaakichiuwaanaan Property has yielded the best lithium intercepts reported to date from the high-grade Vega Zone, with significant spodumene mineralization identified [2][3] - A new high-grade lithium zone named "Helios" has been discovered at CV13, indicating ongoing exploration success beyond the Vega Zone [2][3] - The total drilling completed in 2025 amounted to 57,024 meters across 245 holes, with results for lithium and tantalum reported for 15,081 meters [5][24] Lithium Results - Notable lithium intercepts from the Vega Zone include: - 55.0 meters at 2.58% Li2O, including 29.9 meters at 4.11% Li2O (CV25-1006) - 24.7 meters at 4.00% Li2O, including 7.0 meters at 6.04% Li2O (CV25-1017A) - 31.2 meters at 2.07% Li2O, including 1.1 meters at 7.32% Li2O (CV25-1023) [5][20] - The Helios Zone has reported: - 8.8 meters at 2.97% Li2O, including 5.4 meters at 4.60% Li2O (CV25-984) - 6.4 meters at 2.61% Li2O, including 4.1 meters at 3.94% Li2O (CV25-977) [5][15] Tantalum and Caesium Results - Tantalum results are pending for several holes, with overlimit analysis triggered for multiple holes, including those in the newly discovered Helios Zone [2][10] - Core assay results for caesium are also pending for the CV13 Pegmatite, with significant overlimit analysis required [9][10] Geological Context - The Shaakichiuwaanaan Property is recognized as hosting one of the largest pegmatite mineral resources globally, with robust infrastructure support for year-round access [7] - The 2025 drilling campaign included extensive testing of multiple Li-Cs-Ta pegmatite prospects, contributing to a comprehensive understanding of the geological framework [8][25] Future Developments - The geological team is currently interpreting the 2025 drill hole data to enhance geological models for the CV5 and CV13 pegmatites, with plans for an updated economic study in the second half of 2026 [25] - An underground bulk sample of mineralized pegmatite at CV5 is currently being permitted, indicating a focus on advancing the project towards development [25]

Core Viewpoint - Thesis Gold Inc. has filed the Pre-feasibility Study (2025 PFS) for its wholly owned Lawyers-Ranch gold-silver Project, highlighting strong economic metrics including an after-tax NPV5% of C$2.37 billion and an IRR of 54.4% at gold and silver prices of US$2,900/oz and US$35/oz respectively [1][7]. Project Overview - The Lawyers-Ranch Project is located in the Toodoggone District of Northern British Columbia and is fully owned by Thesis Gold Inc. [1][7]. - The 2025 PFS was prepared by a consortium of engineering and consulting firms in accordance with NI 43-101 standards [2]. Economic Highlights - The 2025 PFS indicates a pre-tax IRR of 73.5% and a pre-tax NPV5% of C$3.73 billion, with a quick payback period of 1.1 years [6]. - At higher metal prices of US$4,100/oz for gold and US$51/oz for silver, the project shows a pre-tax IRR of 117.4% and a pre-tax NPV5% of C$6.86 billion [6]. Production Metrics - The project is expected to have strong early production, averaging 266,000 ounces of gold-equivalent (AuEq) annually for the first three years and 187,000 ounces over a 15-year life of mine [6]. - The maiden Mineral Reserve statement reports 76.16 million tonnes of ore with an average grade of 0.97 g/t Au and 28 g/t Ag, resulting in a total AuEq grade of 1.33 g/t [6]. Cost Structure - The average All-in Sustaining Costs (AISC) are estimated at US$1,185 per AuEq ounce, which includes all costs associated with production [5][10]. - Initial capital expenditure is projected at C$736.2 million, with a compelling after-tax NPV5% to initial capital ratio of 3.2:1 [6]. Future Plans - The company has initiated the Environmental Assessment Process and plans to commence a Feasibility Study in 2026 to further advance the project [7]. - There is significant potential for project optimization and exploration that remains untapped [6].

Core Viewpoint - Viva Gold Corp is advancing its 100% owned Tonopah project into feasibility work while aiming to increase gold and silver mineral resources at the site [1][2]. Project Development - The Tonopah Gold Project is recognized as one of the most advanced undeveloped gold projects in Nevada, with a focus on rapidly advancing through pre-feasibility and feasibility studies in 2026 [2]. - A Preliminary Economic Analysis (PEA) published in 2025 identified areas for improving project economics and guiding the feasibility study program [2]. - The existing pit confined resource at Tonopah contains 86% measured and indicated material, indicating a high confidence level in the mineral resource [2]. Initial Work Programs - Initial work programs for 2026 include submitting a proposed work plan for up to 23 drill locations to infill high-grade inferred mineralization and validate existing drilling in the Midway Hills prospect area [3]. - Drilling is expected to commence in February, with a focus on converting inferred mineralization to measured and indicated material [3]. - Bottle roll tests are underway to assess heap leach gold recovery potential for low-grade gold mineralization, which could reduce capital and operating costs [3]. Engineering and Environmental Studies - The company is developing scopes of work and engaging with engineering firms for pre-feasibility and feasibility evaluations, focusing on accelerated development of high-grade mineralization [3]. - Geotechnical and hydrological studies are being solicited to optimize pit slope angles and support feasibility studies [4]. Exploration Opportunities - A third-party independent review of historical exploration data identified seven areas for further exploration, including the Midway Hills area, which has not been followed up since partial drilling in the 1980s [4]. - A geophysical company has been contracted to conduct an additional 14,000 meters of CSAMT geophysical survey to better define identified targets [4]. Company Overview - Viva Gold Corp controls a significant land position in the Walker Lane Trend in Western Nevada and has developed a high confidence level gold mineral resource [5]. - The company is committed to environmentally and socially responsible development of the Tonopah Gold Project [5]. - The management team, led by CEO James Hesketh, has extensive experience in mining and project development [6][7].

Core Insights - Dakota Gold Corp. is advancing its Richmond Hill Oxide Heap Leach Gold Project and plans to conduct a drilling program to support a Pre-Feasibility Study (PFS) in the second half of 2026 while also targeting a maiden resource at the Maitland Gold Project by year-end 2026 [1][3][12] 2026 Richmond Hill Program - The company aims to complete studies for a PFS in the second half of 2026, followed by a Feasibility Study in the first half of 2027, which will include processing design and throughput trade-off studies [4][5] - The PFS will optimize processing tons per day from an initial assessment of 30,000 TPD up to 60,000 TPD, incorporating high-grade opportunities and updated metallurgical testing [4][5] - The 2026 drill campaign will consist of 15,481 meters (50,790 feet) across 109 holes, focusing on infill drilling to convert inferred resources to measured and indicated resources [6][12] 2025 Drilling Campaign Results - The 2025 drilling campaign included 242 drill holes totaling 29,279 meters (~96,000 feet), with 181 assay results released to date [5][6] - Significant gold intercepts were reported, including RH25C-323, which intersected 2.19 g/t Au over 31.1 meters, and RH25C-319, which intersected 1.18 g/t Au over 47.6 meters [6][10] 2026 Maitland Program - The 2026 Maitland drill campaign will focus on infill drilling to define a maiden resource for the Unionville Zone, which has a confirmed strike length of at least 2,000 meters (6,562 feet) [12][13] - The JB Gold Zone, a high-grade underground discovery, has an average grade of 10.76 g/t Au from 47 drill holes, providing long-term high-grade optionality [13][12] Company Overview - Dakota Gold is working to advance the Richmond Hill project to commercial production by 2029 and is also outlining a maiden resource at the Maitland Gold Project, both located in South Dakota [17]

Core Viewpoint - PMET Resources Inc. has secured a subscription agreement with its largest strategic investor, Volkswagen Finance Luxemburg S.A., for 89,125 common shares at an issue price of $4.03 per share, raising approximately $359,000 for general corporate purposes [1][2]. Group 1: Investment and Financial Details - Volkswagen's subscription follows a recent share issuance to Azimut Exploration Inc. and SOQUEM Inc. at a deemed issue price of $3.68 per share as part of the Pikwa acquisition announced on November 12, 2025 [2]. - The Toronto Stock Exchange has conditionally approved the issuance of the 89,125 shares to Volkswagen, which will be executed under the Company's existing placement capacity according to ASX Listing Rule 7.1 [2]. Group 2: Company Overview and Project Details - PMET Resources Inc. is focused on critical mineral exploration and development, particularly its 100%-owned Shaakichiuwaanaan Property in Quebec, Canada, which is accessible year-round and near hydro-power infrastructure [3]. - The Company announced a positive lithium-only Feasibility Study for the CV5 Pegmatite, declaring a maiden Mineral Reserve of 84.3 million tonnes (Mt) at 1.26% LiO (Probable), indicating the potential for a significant high-grade lithium project targeting up to approximately 800,000 tonnes per annum (ktpa) of spodumene concentrate [3][4]. - The Shaakichiuwaanaan Project is recognized as the largest lithium pegmatite resource in the Americas and ranks among the top ten globally, with a Consolidated Mineral Resource totaling 108.0 Mt at 1.40% LiO and significant tantalum and caesium resources [4][9].

Core Viewpoint - Integra Resources has conducted a feasibility study for the DeLamar Heap Leach Project, with results published after market close, indicating significant developments for the project [4]. Group 1: Presentation Overview - The conference call is led by Jason Banducci, Vice President of Corporate Development and Investor Relations, welcoming participants to discuss the feasibility study results [2]. - The presentation includes forward-looking statements, with cautionary notes available on the company's website [3]. - Key executives present during the call include George Salamis (President CEO), Cliff Lafleur (COO), Scott Olsen (VP Engineering and Processing), and James Frost (Director of Technical Services) [4].

Integra Resources (NYSEAM:ITRG) DeLamar Project 2025 Feasibility Study Results Summary Company Overview - **Company**: Integra Resources - **Project**: DeLamar Heap Leach Project - **Date of Call**: December 18, 2025 Key Industry and Company Insights - **Industry**: Precious Metals Mining - **Project Type**: Oxide gold-silver heap leach project Core Findings from the Feasibility Study - The feasibility study indicates that DeLamar is a large-scale, low-cost oxide heap leach project with robust economics, rapid payback, and a simplified financial development plan [4][5] - At base case metal prices of $3,000 per ounce gold and $35 per ounce silver, the project delivers an after-tax NPV of $774 million and an after-tax IRR of 46%, with a payback period of just 1.8 years [4] - Current spot prices could increase NPV to approximately $1.7 billion and IRR to nearly 90% [4] - The study reflects a material reduction in development risk, with a simpler flow sheet and mine plan designed for strong early cash flow [5][6] Project Development and Risk Mitigation - Significant work has been done to de-risk the project since 2017, including detailed environmental studies and resource upgrades [6] - Key changes in the study include: - Transition to an oxide-only development case - Adoption of a two-heap leach configuration - Improved water management and reduced surface disturbance [7][8] - The project is positioned favorably within the U.S. regulatory environment, benefiting from supportive political conditions [6][9] Mineral Resources and Reserves - The feasibility study includes an updated mineral resource estimate, incorporating historical stockpiles into the mine plan [14] - Reserves are limited to oxide and heap-leachable material to streamline permitting and reduce capital intensity [14] - The project has significant future upside potential, including over 2.4 million ounces of gold equivalent in sulfide resources excluded from the current economic analysis [26][27] Economic Metrics and Production Profile - Total capital costs are estimated at approximately $750 million, with a total site operating cost of $10.29 per ton of ore processed [21][22] - The project is expected to produce an average of 119,000 gold equivalent ounces annually in the first five years, with all-in sustaining costs well below the industry average [22][23] - The project is projected to generate approximately $165 million in annual after-tax free cash flow during the first five years [24] Community and Stakeholder Engagement - The project is expected to support over 300 direct long-term jobs and contribute significantly to the local economy through taxes and royalties [27][28] - There has been extensive stakeholder engagement over the past seven years, shaping the mine design and ensuring community interests are reflected [28] Future Plans and Permitting - The company plans to provide guidance on the permitting timeline in Q1 2026, with expectations for a shorter timeline than the previous 2-3 years [32][39] - The company is also exploring M&A opportunities to fill growth gaps before DeLamar's production begins [33] Conclusion - The feasibility study positions DeLamar as a project with strong economics and a simplified development plan, ready to advance through permitting and into construction [29][30]

Project Highlights - The DeLamar Heap Leach Project demonstrates robust economics with an after-tax NPV5% of $774 million (base case) and $1.7 billion (spot)[16] - The project boasts a competitive after-tax IRR of 46% (base case) and 89% (spot)[16] - The initial capital expenditure is estimated at $389 million[16] - The project anticipates an average gold equivalent (AuEq) production of 106,000 ounces over the life-of-mine (LOM) and 119,000 ounces annually for the first 5 years[16] - The mine life is projected to be 10 years, with a total payable AuEq of 1.1 million ounces[16] Cost and Economics - LOM cash costs are estimated at $1,179 per AuEq ounce, while all-in sustaining costs (AISC) are projected at $1,480 per AuEq ounce[16] - The project has a payback period of 1.8 years (base case) and 1.0 years (spot)[16] - The NPV-to-capex ratio is 2.0 (base case) and 4.4 (spot)[16] Mineral Reserves - The DeLamar Project has proven and probable oxide mineral reserves of 119,972 kilotonnes with an average gold grade of 0.33 g/t, containing 1,259 koz of gold[27] - The project also holds proven and probable oxide mineral reserves of 119,972 kilotonnes with an average silver grade of 13.56 g/t, containing 52,305 koz of silver[27]

Core Insights - PMET Resources Inc. announced significant lithium and caesium discoveries from its 2025 drilling campaign at the Shaakichiuwaanaan Property, indicating the potential for expanded mineral resources and reserves [2][4][5] Drilling Campaign Overview - A total of 57,024 meters of diamond drilling was completed in 2025, with results reported for 41,943 meters across 173 holes, while assays for 15,081 meters remain pending [3][5][30] - The drilling campaign included testing multiple lithium-caesium-tantalum (Li-Cs-Ta) pegmatite prospects, infill drilling, and condemnation drilling to support development [5][21] Lithium Discoveries - New lithium zones were discovered at the CV4 and CV12 pegmatites, with notable intercepts including 27.0 meters at 1.14% Li2O and 229.0 meters at 1.31% Li2O, respectively [2][17] - The CV5 Pegmatite's strike length has been extended to approximately 5.0 kilometers, with significant results such as 224.9 meters at 1.34% Li2O [24] Caesium Discoveries - A new caesium zone was identified at the CV12 Pegmatite, with intercepts including 23.0 meters at 5.82% Cs2O within a broader anomalous zone of 223.0 meters at 0.98% Cs2O [14][17] - High-grade caesium was also intersected at the CV5 Pegmatite, with results including 0.5 meters at 17.9% Cs2O [24] Mineral Resource Estimates - The Consolidated Mineral Resource Estimate for the CV5 and CV13 pegmatites totals 108.0 million tonnes at 1.40% Li2O and 0.11% Cs2O, with a Probable Mineral Reserve of 84.3 million tonnes at 1.26% Li2O [6][7] Future Plans - The geology team is working on updating geological models based on new drill data, with plans for a revised economic study scheduled for the second half of 2026 [29] - Additional drilling is planned to further delineate the caesium zones and assess the potential for underground resources [14][20]