Caledonia Mining is set to advance with the development of the Bilboes gold project in Zimbabwe following the completion and publication of its feasibility study. The study confirmed a single-phase development method as the most economic option for the project. The project area spans 2,731.60 hectares (ha) in Matabeleland North province, located approximately 80km north of Bulawayo, Zimbabwe’s second-largest city. The study shows proven and probable mineral reserves of 1.75 million ounces (moz) of gold ...

TORONTO, Nov. 19, 2025 (GLOBE NEWSWIRE) -- NorthWest Copper Corp. (“NorthWest” or the “Company”) (TSX-V: NWST) is pleased to announce continued positive assay results from the fifth drill hole of its 2025 program at the Company’s 100% owned Kwanika project in British Columbia. Drill hole K-25-278 intersected two broad zones of near-surface copper-gold mineralization, including a highlight intercept of 44 metres grading 0.62 % Cu, 0.42 g/t Au (1.01% copper equivalent1, “CuEq”). Drill hole K-25-278 achieved t ...

Summary of Minerals 260 (MI6) Conference Call - July 23, 2025 Company Overview - Minerals 260 was spun out of Linetown three years ago, with significant influence from Linetown's management and shareholders [2][4] - The company is focused on the Bulle Bulle Gold Project, acquired from Zijin for $166 million, despite being a $30 million company at the time [2][3][12] Key Financials and Shareholder Structure - Raised $220 million, significantly increasing market capitalization [3] - Major shareholders include Samuel Terry and Tim Goiter, with the top 20 shareholders holding 65% of the company [4][5] - BlackRock and Franklin Templeton are among the notable international funds invested [5] Project Details - The Bulle Bulle Gold Project is one of the largest undeveloped gold projects in Australia, with a resource of 2.3 million ounces [12] - Historical mining occurred in the 1990s, with the project previously owned by Zijin for a decade [8][9] - The project covers 130 square kilometers, with ongoing tenure acquisition to enhance mineralization and infrastructure [10] Exploration and Drilling Activities - The company is currently drilling with six rigs, aiming to add 80,000 meters to the existing drilling database [12][23] - Historical drilling was shallow, with 60% of holes at 50 meters or less, indicating potential for deeper mineralization [13][14] - The exploration plan includes drilling down dip, infilling, and along strike, with a focus on the Phoenix and Bacchus areas [19][20] Resource Assessment - 60% of the resource is classified as indicated, with confidence in the resource due to dense drilling [17] - The current model pit has a cutoff of AUD 3,000, providing operational headroom with gold prices above AUD 5,000 [21] - The company has observed significant intercepts, including 62 meters at resource grade, indicating strong potential for resource expansion [25][26] Development and Infrastructure - The company aims to achieve production by the end of 2028, with feasibility studies and geotechnical data already in progress [29] - Water rights have been secured across the main paleo channel, with additional plans for water sourcing [32] - The project benefits from excellent infrastructure, including proximity to Kalgoorlie Airport and major highways [14][15] Future Outlook - The company plans to complete 80,000 meters of drilling by September, with a new resource estimate expected by December [33] - The first production is targeted for 2028, with a strong foundation in place due to capital and shareholder support [34][35] Conclusion - Minerals 260 presents a significant investment opportunity with a large resource base, ongoing exploration, and a clear path to production by 2028 [34][35]

Core Viewpoint - Southern Cross Gold Consolidated Ltd has announced an upsized private placement of approximately C$143 million/AUD$162 million to fund its strategic Sunday Creek Gold-Antimony Project, reflecting strong demand from institutional and existing investors [1][3][8]. Proposed Placement - The company aims to raise approximately C$143 million through a private placement of 31.8 million common shares at C$4.50 per share and/or Chess Depositary Interests (CDIs) at A$5.10 per CDI [3][4]. - The placement will not require shareholder approval and will be conducted under the company's placement capacity according to ASX listing rules [4]. Pricing and Discounts - The issue price for the CDIs represents an approximate 8.9% discount to the last closing price on April 28, 2025, and an 8.3% discount to the 5-day volume weighted average price prior to a trading halt [5]. - The issue price for the Common Shares represents a 4.1% discount to the last closing price on April 29, 2025, and a 5.0% discount to the 5-day volume weighted average price prior to the trading halt [6]. Timeline and Conditions - The issuance of the Securities is expected to occur in two tranches: Tranche 1 on May 6, 2025, for CDIs and Tranche 2 on May 14, 2025, for the remaining Common Shares [7]. - All Securities will be subject to a four-month hold period from the closing date [7]. Use of Funds - The net proceeds from the placement will be allocated to key milestones for the Sunday Creek Gold-Antimony Project, including: - C$53 million for drilling to establish an Inferred Resource by Q1 2027 - C$27 million for decline development to enhance access to mineralization - C$4 million for a Preliminary Economic Assessment - C$59 million for exploration target expansion and working capital over three years [8][18]. Strategic Importance - The Sunday Creek project is positioned as a significant gold and antimony discovery, with antimony contributing 20% of the in-situ value, which has gained importance due to geopolitical factors affecting supply [16][17]. - The project is expected to be developed primarily based on gold economics, reducing risks associated with antimony while maintaining strategic supply potential [17].