Vancouver, British Columbia--(Newsfile Corp. - February 2, 2026) - Lode Gold Resources Inc (TSXV: LOD) (OTCQB: LODFF) (the "Company" or "Lode Gold") is pleased to announce the initiation of a new geological model, including lithological and structural interpretations, for its wholly owned Dingman Gold Project located in Ontario, Canada, currently with a NI 43-101 resource of 376,000 Oz Au using 0.94 g/t Au cutoff in measured and indicated categories and 47,000 Oz Au in inferred category with a cutoff of 0. ...

Core Viewpoint - Blue Lagoon Resources Inc. is making significant progress towards consistent mine production and regular deliveries of mineralized material to its milling partner, Nicola Mining Inc. [1] Operational Progress - Dome Mountain has resumed production activities post-holiday, with expectations to achieve consistent production of approximately 100 tonnes per day by the end of the month, aiming for a fully permitted production level of 150 tonnes per day [2][7] - The early stages of ramping up underground mining faced timing delays and operational constraints, which have now been largely resolved, allowing for increased underground activities [3][4] Production and Revenue Generation - In December, the company shipped approximately 1,300 tonnes of mineralized material to Nicola Mining, receiving its first payment for about 1,000 tonnes, with 300 tonnes still pending processing [4] - Approximately 150 tonnes of mineralized material is stockpiled at Dome Mountain, ready for shipment, with trucking expected to commence shortly [4] Financial Developments - The company has issued 116,884 common shares to several senior employees, pending approval from the Canadian Securities Exchange [5] - An unsecured, interest-free loan of $500,000 was received from the President to address short-term working capital needs, with an agreement to issue 151,515 bonus common shares to the lender [6] Future Plans and Enhancements - A second production shift is expected to enhance productivity and operational efficiency, with consistent production of 100 tonnes per day anticipated by month-end [7] - A fire assay laboratory facility is under construction, expected to process a minimum of 40 samples per day, aiding in rapid assay results for operational decision-making [7] - Underground surveying capabilities have been improved with the addition of a LiDAR unit, enhancing accuracy and mine planning [7] Company Background - Blue Lagoon Resources Inc. is a Canadian-based mining company operating the Dome Mountain Gold Mine, with a focus on sustainable practices and community engagement [8][10] - The company achieved a significant milestone in February 2025 with the granting of a full mining permit and has commenced underground mining operations [9]

Core Viewpoint - Perseus Mining Limited has received a Presidential Decree authorizing the development and operation of the CMA underground project at the Yaouré Gold Mine in Côte d'Ivoire, marking a significant milestone for the company [1][5]. Group 1: Approvals and Project Development - The Presidential Decree was granted on September 18, 2025, following the approval of an Environmental and Social Impact Assessment and a Ministerial Arrêté in May 2025 [2]. - The approvals were essential prerequisites for commencing the development phase of the CMA underground project, supported by the Minister of Mines, Petroleum and Energy [2]. Group 2: Infrastructure and Operations - Infrastructure projects related to the CMA underground mine development have been completed, and the development of declines will begin with the commissioning of underground mining equipment by Byrnecut [3]. - The establishment of the underground operation is expected to extend the mine life of Yaouré until at least 2035 based on current Mineral Resource and Ore Reserves [3]. Group 3: Production Timeline - The first ore production is planned for January 2026, with commercial production expected to be achieved by March 2027 [4]. Group 4: Financial Commitment - Perseus plans to invest US$170 million in the CMA underground mine, indicating a new phase in its partnership with the Government of Côte d'Ivoire to expand the mining industry [6].

Summary of Conference Call Transcript Company Overview - **Company**: Regis Resources - **Industry**: Gold Production - **Key Assets**: - Duketon: 3,300,000 ounces in resource - Tropicana: 1.6% attributable ounces in resource - Macphillamys: Large undeveloped asset in New South Wales Core Points and Arguments 1. **Production Performance**: - Last year, production was 373,000 ounces, slightly above midpoint guidance, with all-in sustaining costs at $25,301, both within favorable ranges [4][6][29] 2. **Financial Health**: - Cash and bullion increased to GBP $517,000,000, with debt reduced from £300,000,000 to zero [6][33] - Positive cash flow and high gold prices have allowed the company to pursue opportunistic ounces [6][31] 3. **Operational Strategy**: - Focus on maintaining production at Duketon in the range of 200,000 to 250,000 ounces [8][10] - Plans to establish four underground mines to sustain production levels [10][12] 4. **Exploration and Growth**: - Exploration at Macphillamys has faced delays due to environmental regulations, but the project is still considered valuable with potential for significant cash flow [5][23][27] - Ongoing exploration around Duketon and Tropicana to identify new open pits and extend mine life [28][22] 5. **Tropicana Insights**: - Production expected to be in the range of 125,000 to 145,000 ounces over the next few years [11][20] - Underground reserves have increased from 320,000 ounces in 2018 to 640,000 ounces currently [20][21] 6. **Macphillamys Project**: - Legal challenges are ongoing regarding heritage protection issues, but the project is seen as a significant opportunity with a potential cash flow of $1,000,000 to $1,500,000 per day if operational [24][25][27] 7. **Cost Management**: - All-in sustaining costs have increased slightly, with $170 per ounce attributed to non-cash costs [29][30] - The company is strategically using spare mill capacity to chase opportunistic ounces, balancing cost and production efficiency [31][32] Additional Important Content - **Market Position**: - Regis Resources is positioned in two highly prospective gold belts, Duketon and Albany Fraser, which are underexplored [34] - **Future Outlook**: - The company aims to continue delivering on its growth strategy while adapting to market conditions and gold price fluctuations [33]

Financial Data and Key Metrics Changes - In fiscal 2024, the company reported over $40 million in revenue and $15 million in EBITDA, with expectations for higher numbers in the current year as operations transition to higher-grade ore [5][6]. - Q3 financial results showed revenue of $12.5 million, gross profit of approximately $4.5 million (35% margin), and adjusted EBITDA of $4 million, all improved relative to the prior period [20][21]. - The company produced just under 4,700 ounces in Q3, significantly more than in Q2, benefiting from record gold prices, realizing over $3,100 per ounce [20][21]. Business Line Data and Key Metrics Changes - The company is currently processing at a capacity of 2,000 tonnes per day, with plans to expand to 3,000 tonnes per day as part of the PEA roadmap [6][12]. - The cash cost in the PEA study is projected at $1,000 per ounce, with an all-in sustaining cost (AISC) of around $1,200 per ounce, which is comparable to current operations [6][7]. Market Data and Key Metrics Changes - The company entered negotiations with the Bank of Tanzania to sell a minimum of 20% of local gold production, benefiting from a reduced royalty rate of 4% on domestic sales compared to 7.3% on exports [23][24]. - The agreement with the Bank of Tanzania allows the company to use local currency for operating costs, enhancing cash flow and working capital [24][25]. Company Strategy and Development Direction - The company aims to self-fund growth through cash flow generated from operations, with a straightforward business plan focused on expanding the plant and developing the underground mine [15][42]. - The PEA outlines a scalable business plan, with significant blue-sky potential for increasing plant capacity and discovering higher-grade ounces [10][16]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operational ramp-up and the potential for significant value creation, emphasizing the importance of returning to drilling activities in fiscal 2026 [16][62]. - The company is focused on rightsizing its working capital ratio to improve financial metrics and align with market comparables [26][59]. Other Important Information - The company has successfully expanded its processing capacity three times in three years and is currently operating at full capacity [31]. - The management team is experienced and has a proven track record in executing business plans effectively [62]. Q&A Session Summary Question: What is the expected trend for the oxide and sulfide mix in throughput? - Management indicated that the current mix is 25% oxide and 75% sulfide, with plans to transition to 100% sulfide by the end of the calendar year [64][65]. Question: What are the expected recovery improvements and timelines? - Recovery improvements are anticipated with the installation of a pre-leach thickener by the end of the year, aiming for a low 80% recovery rate in the next couple of quarters and high 80s to low 90s over the next eighteen months [70][74]. Question: How does the company plan to handle surface material and oxidized material? - Management is assessing opportunities for oxidized material while prioritizing sulfide processing, indicating potential for additional production from oxidized sources if economically viable [82][85].