Summary of Strickland Metals Limited (STK) Update - August 26, 2025 Company Overview - **Company**: Strickland Metals Limited (ASX Code: SDK) - **Recent Activity**: Exceptional drilling results from the Rygosna project in Serbia, with an eight rig drill program in operation [1][2] Key Developments - **Cenat Deposit**: New high-grade copper-gold discovery reported [2] - **Divestment**: Completed the sale of the Yandel gold project in Western Australia to Gateway Mining [2] - **Institutional Ownership**: Approximately 25% institutional ownership, indicating strong market interest [9] Financial Position - **Cash Reserves**: $32.7 million in cash and Northern Star shares, plus an additional $9 million from Gateway shares [9] - **Market Capitalization**: Approximately $320 million [64] - **Monthly Expenditure**: Currently spending about $3 million per month [64] Exploration and Drilling Updates - **Drilling Progress**: Over 100 personnel working on the project, with eight rigs operational [7] - **Drilling Rates**: Average of 30 meters per day per rig, with a target of 50,000 meters by year-end [67][92] - **Assay Turnaround**: Assays processed in batches, with a turnaround time of 4 to 6 weeks [69] Resource and Geological Insights - **Rogozna Project**: Contains 7.4 million ounces of gold equivalent in inferred resources [11] - **Geological Context**: Located in the Tethian Belt, a significant mineral-rich area comparable to Chile or Peru [10] - **Future Goals**: Aim to increase resources to over 10 million ounces within the next twelve months [64] Specific Project Highlights - **Gardena Deposit**: Focus on drilling to establish resources, with significant gold grades reported [32][33] - **Chennatz Deposit**: High-grade zones identified, with ongoing drilling to improve resource estimates [22][23] - **Kotlovy Discovery**: Initial drilling results indicate potential for economic mineralization [42][43] - **Copper Canyon**: Reevaluation of gold potential beneath the copper zone, with ongoing drilling [49][50] Community and Sustainability Efforts - **Local Employment**: Increased workforce from 25-30 to 55 employees, with a focus on local hires [60] - **Diversity Initiatives**: Female representation in the workforce increased from 10-15% to over 30% [61] - **Community Engagement**: Investment in local projects and establishment of a community center in Novi Pazar [62][63] Market and Investor Sentiment - **Market Reaction**: Mixed responses to drilling results, with a noted desensitization to high-grade intercepts [72][73] - **Long-term Outlook**: Strong support from institutional investors, with a focus on sustainable growth and resource development [75][76] Regulatory Environment - **Government Involvement**: No direct government ownership in Strickland or the project, but positive relations with the Serbian government [98] Conclusion - **Strategic Focus**: Strickland Metals is well-positioned for growth with a solid financial foundation, ongoing exploration success, and a commitment to community and sustainability initiatives. The company aims to enhance its resource base and market presence in the coming years [64][65]

Core Insights - i-80 Gold Corp. reported significant operational and financial improvements in Q2 2025, with revenue reaching $27.8 million, a substantial increase from $7.2 million in the same period last year, driven by higher gold sales and prices [4][5][13] - The company is advancing its three-phase development plan, focusing on key projects and the refurbishment of the Lone Tree autoclave, which is essential for its hub-and-spoke mining strategy [2][12][34] Financial Performance - Revenue for the three months ended June 30, 2025, was $27.8 million, compared to $7.2 million in Q2 2024, primarily due to increased gold ounces sold and a higher average realized gold price of $3,301 per ounce [4][5][51] - The company reported a net loss of $30.2 million for Q2 2025, an improvement from a net loss of $41.0 million in Q2 2024, attributed to a gross profit increase of $13.1 million [6][13] - Cash used in operating activities decreased to $11.3 million from $24.6 million year-over-year, reflecting improved operational efficiency [5][6] Development Initiatives - The company is executing a recapitalization strategy, having raised $185.5 million in May 2025 through a public offering and private placement, with plans to allocate approximately $92 million for construction, drilling, and permitting activities across its projects [10][11] - Key upcoming catalysts include the initiation of underground development at Archimedes in Q3 2025, completion of feasibility studies, and refurbishment of the Lone Tree autoclave by Q4 2025 [12][28][34] Project Updates - The Granite Creek property is ramping up towards steady-state gold output, with significant increases in both oxide and sulfide mineralized material mined compared to the previous year [14][19] - The Archimedes underground project is set to commence initial development in Q3 2025, with permitting efforts progressing well [25][27] - The Lone Tree processing facility is undergoing a feasibility study for refurbishment, which is expected to enhance processing capabilities for the company's high-grade underground deposits [33][35]

Antipa Minerals (AZY) 2025 Conference August 05, 2025 04:45 AM ET Speaker0Joining us now is Roger Mason, the Managing Director of Antipa Minerals. Roger is a geologist with thirty eight years, resources industry experience, involving exploration, project, mining and business development roles, covering a range of commodities across Australia and overseas. Roger's career highlights include the discovery of a number of gold, nickel and copper deposits. Roger is the Managing Director of Antipa Minerals, which ...

Core Insights - FireFly Metals Ltd has secured environmental approvals and is progressing towards an upscaled production restart at its Green Bay project, which is recognized as one of the most advanced copper-gold projects in Canada [1][6][7] Metallurgical Results - The metallurgical tests conducted on 1.5 tons of bulk samples from the Ming Mine yielded exceptional recoveries of over 98% for copper and over 85% for gold, indicating the mineralization is amenable to low-cost processing [3][10][11] - The current Mineral Resource Estimate contains 550,000 ounces of gold, which is significant for future cash flow [3][11] - The results will inform the design and economic models for upcoming studies, including a Scoping Study expected in Q1 2026 [3][7][16] Project Development - Environmental approvals for the processing plant have been secured, and construction permitting is underway, with initial site preparation scheduled for late 2025 [6][15][16] - The company is planning a staged resumption of mining operations with a processing facility capable of handling up to 1.8 million tons per annum [15][16] - Eight drilling rigs are currently operational to expand and upgrade the Mineral Resource [4][6] Economic Studies - Economic studies are ongoing, including mine design, scheduling, and power analysis, with a Scoping Study set for completion in March 2026 [3][7][16] - The company has engaged key consultants for economic evaluations and is on track to complete the necessary studies [16][17] Financial Position - FireFly Metals Ltd is well-funded, with cash, receivables, and liquid investments totaling A$145 million as of June 30, 2025, following a successful capital raising [12][30]

Core Viewpoint - The merger between Silver47 Exploration Corp. and Summa Silver Corp. has been completed, creating a leading high-grade silver exploration and development company focused on the U.S. market [1][2]. Company Overview - The combined company will operate under the name "Silver47 Exploration Corp." and will focus on high-grade silver projects in Alaska, Nevada, and New Mexico [1][2]. - The merger consolidates significant mineral resources, totaling approximately 10 million ounces of indicated silver equivalent (AgEq) at 333 g/t and 236 million ounces of inferred AgEq at 334 g/t [2][8]. Strategic Rationale - The merger combines Silver47's Red Mountain project with Summa's Hughes and Mogollon projects, enhancing the scale and appeal of the combined company to investors [7][8]. - The transaction is expected to accelerate growth by consolidating resources and positioning the company to benefit from renewed interest in U.S. mineral development [2][11]. Shareholder Benefits - Shareholders of Summa received 0.452 common shares of Silver47 for each Summa share held, resulting in Summa becoming a wholly-owned subsidiary of Silver47 [3][4]. - The combined company is anticipated to have improved visibility and access to capital, appealing to institutional investors [11]. Resource Summary - The combined mineral resource summary includes: - Inferred resources from Silver47's Red Mountain project: 15.6 million tonnes at 336 g/t AgEq, totaling 36 million ounces [10]. - Indicated resources from Summa's Hughes project: 1 million tonnes at 333 g/t AgEq, totaling 5.8 million ounces [10]. - Inferred resources from Summa's Hughes and Mogollon projects, contributing significantly to the overall resource base [10][12]. Management and Team - The management team will include Gary R. Thompson as Executive Chairman, Galen McNamara as CEO, and Martin Bajic as CFO, with a board comprising experienced members in capital markets and mining [26][39]. Financing and Advisory - Prior to the merger, Summa's subscription receipts converted into Silver47 shares, resulting in the issuance of 12,475,400 shares and warrants for additional shares [27][29]. - Haywood Securities Inc. and Eventus Capital Corp. acted as financial advisors for the transaction [37].

Core Viewpoint - Gunnison Copper Corp. has successfully closed a non-brokered private placement, raising gross proceeds of C$8.647 million through the sale of 28,874,100 units at a price of C$0.30 per unit [1][2]. Financing Details - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at C$0.45 until July 18, 2028 [2]. - The offering was conducted under the listed issuer financing exemption, allowing immediate tradeability of the securities in Canada [4]. Use of Proceeds - The net proceeds will fund additional work related to the High Value Add Work Program at the Gunnison Copper Project, initiate long lead time drilling and metallurgical testing for a pre-feasibility study, and cover general and administrative expenses for the U.S. head office for an additional 12 months [3]. Finder's Compensation - Red Cloud Securities Inc. received a cash commission of C$512,875.80 and was issued 1,709,586 non-transferable warrants, also allowing the purchase of common shares at C$0.45 until July 18, 2028 [5]. Company Overview - Gunnison Copper Corp. is a multi-asset copper developer and producer, controlling the Cochise Mining District in Southern Arizona, which contains 12 known deposits within an 8 km radius [7]. - The flagship Gunnison Copper Project has a measured and indicated mineral resource of over 831 million tons with a total copper grade of 0.31%, and a preliminary economic assessment indicates an NPV of $1.3 billion and an IRR of 20.9% [10]. Additional Assets - The Johnson Camp Asset, under construction with first copper production expected in Q3 2025, is fully funded by Nuton LLC, with a production capacity of up to 25 million lbs of finished copper cathode annually [12].

Core Viewpoint - Canada Carbon Inc. has received all necessary permits to initiate its third drilling campaign at the Asbury Graphite Property, which is expected to enhance its resource estimates and support a pre-feasibility study by the end of 2025 [1][4][6]. Group 1: Drilling Campaign Details - The upcoming drilling campaign aims to complete up to 5,200 meters of core drilling across a 5-kilometer mineralization trend at Asbury [2]. - This campaign will add to previous drilling efforts from 2022 and 2023, bringing the total core samples to over 10,000 meters, which will aid in de-risking the project [2][4]. - The company plans to utilize the data from this campaign to update its NI 43-101 resource report and complete a pre-feasibility study by December 31, 2025 [4]. Group 2: Resource Estimates and Historical Context - The maiden resource estimate reported an inferred resource of 4.14 million tons (Mt) with an average grade of 3.05% carbon grade (Cg), using a cut-off grade of 1.0% Cg [4]. - Asbury was previously an operational graphite mining project from 1974 to 1988, producing high-quality concentrate [7]. Group 3: Stakeholder Engagement - The company has engaged with local stakeholders, including the municipality of Notre-Dame-du-Laus and the Kitigan Zibi Anishinaabeg community, to discuss the project and incorporate feedback [5]. Group 4: Management Commentary - The CEO of Canada Carbon expressed confidence in the drilling campaign, stating it will validate assumptions regarding mineralization at Asbury and contribute positively to the local economy [6][7].

Core Viewpoint - Cornish Metals Inc. has reported strong financial results and strategic advancements for the South Crofty tin project, highlighting a successful fundraising effort and key operational milestones expected in the coming year [3][5][7]. Financial Highlights - For the three months ended March 31, 2025, total operating expenses increased to CAD 3,189,723 from CAD 2,759,198 in the same period of 2024 [6][19]. - The loss for the period was CAD 3,043,606, compared to a loss of CAD 2,561,669 in the previous year [6][20]. - Net cash used in operating activities was CAD 2,190,616, up from CAD 1,148,564 in the prior year [6][21]. - The company raised CAD 91,566,076 from the recent fundraising, significantly increasing cash reserves to CAD 88,954,141 at the end of the period [6][22]. Strategic Developments - The company completed a £57.4 million fundraising, supported by the National Wealth Fund and Vision Blue, which will fund ongoing development and de-risking of the South Crofty project [3][5]. - Senior management appointments were made to strengthen project and operations teams, with Dave Howe as General Manager and Guillermo Alcaraz as Project Director [5]. - The company purchased 4.5 acres of land adjacent to existing operations to facilitate access and infrastructure development for the mine [5]. Project Progress - Mine dewatering and refurbishment of the New Cook's Kitchen Shaft are ongoing, with dewatering currently advancing at over 15,000 meters per day, expected to increase to approximately 25,000 meters per day post-maintenance [5][7]. - The company aims to complete dewatering, advance detailed engineering studies, and commence early project works, including the construction of a processing plant [7][8]. Economic Assessment - The 2024 Preliminary Economic Assessment for South Crofty indicates a potential after-tax NPV of USD 201 million and an IRR of 29.8%, with an average annual tin production of 4,700 tonnes in the initial years [7][8]. - The project is positioned to be the only primary tin producer in Europe or North America, with tin classified as a Critical Mineral [7][8].

Core Viewpoint - Discovery Silver Corp. has reported a significant transformation following the acquisition of the Porcupine Complex, establishing itself as a new Canadian gold producer with substantial growth potential in a prolific gold mining region [2][29]. Financial Performance - For Q1 2025, Discovery reported a net loss of CAD 9.26 million compared to a net loss of CAD 0.68 million in Q1 2024, with a basic and diluted loss per share of CAD 0.02 [18][20]. - The total comprehensive loss for the quarter was CAD 8.40 million, contrasting with a total comprehensive income of CAD 1.12 million in the same period last year [20]. - As of March 31, 2025, the company had cash and cash equivalents of CAD 15.12 million, down from CAD 29.31 million at the end of 2024 [20]. Acquisition and Operations - The acquisition of the Porcupine Complex was completed on April 15, 2025, significantly enhancing Discovery's operational footprint in Canada [2][22]. - The Porcupine Operations cover approximately 1,400 km in Timmins, Ontario, and have produced nearly 70 million ounces of gold since 1910 [6][29]. - Annual production at Porcupine is projected to average over 285,000 ounces of gold for the next 10 years, with total production extending to 2046 [8]. Market Reaction - Following the acquisition announcement, Discovery's share price tripled in Q1 2025, achieving a 250% increase year-to-date as of May 12, 2025 [3]. Production and Sales - The company achieved its first gold pour on April 24, 2025, selling 2,800 ounces of gold for gross proceeds of approximately CAD 13 million [4]. - The company has resumed gold production and sales after completing a scheduled mill shutdown for equipment upgrades [4]. Capital Structure - Discovery's pro forma cash position is approximately CAD 250 million, bolstered by US$475 million from recent royalty and equity financings, net of US$200 million paid for the Porcupine acquisition [5][21]. - The closing of the acquisition resulted in the issuance of 119,716,667 common shares to Newmont and 275,000,000 common shares through a public offering [21]. Future Outlook - Key priorities for 2025 include optimizing production at the Porcupine Operations, ramping up production at Pamour, and advancing exploration opportunities [22][26]. - The company plans to file a pre-feasibility study for the Porcupine Operations by December 31, 2025, which will include performance guidance for 2026 [23].

Core Viewpoint - New Found Gold Corp. has commenced its 2025 work program at the Queensway Gold Project, focusing on development and resource expansion following an initial mineral resource announcement in Q1 2025 and a fully-funded Preliminary Economic Assessment (PEA) expected to be completed later this quarter [1][2][15]. Drilling and Excavation Activities - The company has initiated diamond drilling with four rigs at the Keats West and Lotto zones within the AFZ Core of the Queensway mineral resource, focusing on infill drilling before excavating near-surface portions [3][8]. - Following the completion of infill drilling at Keats West and Lotto, the company plans to drill priority open pits and underground portions of the mineral resource, as well as further explore the Dome and Golden Dome zones, which are located close to the initial mineral resource [4][8]. - An additional two drill rigs are scheduled to be mobilized in early June 2025 to target exploration areas 10 to 12 kilometers north of the AFZ Core, including the Dropkick zone, which has shown promising drill results [5][8]. Excavation Program - The excavation of shallow overburden at key zones in the AFZ Core has begun, with successful mapping and sampling conducted at Keats in 2023 and 2024, enhancing confidence in the geological model and grade distribution [6][8]. - The Iceberg zone has been excavated over a 220 m by 105 m area, revealing broad zones of gold-bearing quartz veins, with channel sampling expected to commence in late May 2025 [7][9]. Future Plans - The company is evaluating the potential to add more drills to expand the 2025 work program and will provide updates once the full program is finalized [10]. - Excavation of Keats West and Lotto is anticipated to be completed in Q4 2025, with channel sampling planned for Q2 2026 [9]. Investor Relations - New Found Gold has entered into an investor relations agreement with Target IR & Communications, which will provide investor relations services for a monthly fee of $8,500 for an initial term of six months [11][12].