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Callinex to Change Name to Visionary Copper and Gold Mines Inc.
Globenewswire· 2025-08-11 12:30
Company Overview - Callinex Mines Inc. plans to change its name to "Visionary Copper and Gold Mines Inc." to better reflect its commitment to sustainable mining and value creation through the discovery and development of copper and gold mines in Canada [1][2] - The new stock symbol is anticipated to be "VCG," with the name change expected to occur in early September 2025 [3] Shareholder Information - Existing shareholders will not need to exchange their share certificates, and the name change will not affect the company's share structure or shareholder rights [4] Mineral Resource Highlights - The company has a portfolio that includes the Point Leamington Deposit, which has an Indicated Mineral Resource of 5.0 million tonnes grading 2.5 g/t AuEq, totaling 402,000 ounces AuEq [5] - The Inferred Mineral Resource at Point Leamington is 13.7 million tonnes grading 2.24 g/t AuEq, totaling 986,500 ounces AuEq [5] - The Rainbow deposit at the Pine Bay Project has an Indicated Mineral Resource of 3.44 million tonnes grading 3.59% CuEq, totaling 272.4 million pounds CuEq [5] - The Nash Creek Project has a pre-tax IRR of 34.1% and an NPV8% of $230 million at a zinc price of $1.25 [5]
FireFly Metals (MNXM.F) 2025 Earnings Call Presentation
2025-08-06 05:20
ASX | TSX FFM High Grade Copper and Gold For personal use only Significant and immediate growth through the drill bit • Building world-class scale – Already 1Mt of contained copper and 550koz of gold (24.4Mt for 460kt Cu and 200koz Au contained in M&I plus 34.5Mt for 690kt Cu and 350koz Au contained in Inferred) • Rapid Growth – 8 drill rigs turning • Dominant Position – A major copper and gold mineral district • Exceptional infrastructure – operational underground, shaft, processing plant, deep water port, ...
Atico Produces 2.16 Million Pounds of Cu and 2,385 Ounces of Au in Second Quarter 2025
GlobeNewswire News Room· 2025-08-05 20:30
Core Insights - Atico Mining Corporation reported its operating results for Q2 2025, highlighting production figures from the El Roble mine, which included 2.16 million pounds of copper and 2,385 ounces of gold in concentrates [1][2] Production Performance - The El Roble mine showed improvements in gold grades and output compared to Q1 2025, with expectations for gradual production improvements in the latter half of the year due to access to newly discovered high-grade ore zones [2] - Q2 2025 production figures indicated a decrease of 42% in copper production (2,155 thousand pounds) and a decrease of 17% in gold production (2,385 ounces) compared to Q2 2024 [5][8] - The average tonnes of ore mined decreased by 14% to 60,633 tonnes, while tonnes processed decreased by 13% to 62,007 tonnes [5][8] - The copper head grade was reported at 1.74%, a decrease of 33% from the previous year, while the gold head grade increased by 6% to 2.08 grams per tonne [5][8] Recovery Rates - Copper recovery remained stable at 91.2%, while gold recovery decreased by 11% to 57.6% compared to Q2 2024 [5][8] Management Changes - Jorge Ganoza transitioned from his full-time role as Vice President of Operations and Projects effective August 1, 2025, but will continue as a director and advisor to the company [3][4] Mine Overview - The El Roble mine is a high-grade underground copper and gold mine located in Colombia, with a nominal processing capacity of 1,000 tonnes per day [9] - As of March 12, 2024, the mine's reserves estimate includes 828 thousand tonnes averaging 2.49% copper and 2.20 grams per tonne gold, with a projected life of mine until Q1 2027 [10] Exploration Potential - The company is actively exploring the larger land package around El Roble, identifying prospective areas for VMS type mineralization, which is the focus of the current surface drill program [11]
Carnaby Resources (CNB) 2025 Earnings Call Presentation
2025-08-05 07:40
Diggers & Dealers Mining Forum August 2025 PHOTO OF EAST WALL OF TREKELANO OPEN PIT For personal use only Statements and Disclaimers Competent Persons Statement The information in this document that relates to all exploration results is based upon information compiled by Mr Robert Watkins. Mr Watkins is a Director and shareholder of the Company and a Member of the AusIMM. Mr Watkins consents to the inclusion in the report of the matters based upon the information in the form and context in which it appears. ...
Environmental Approval and Strong Metallurgical Results Put FireFly Metals Ltd's Green Bay On Clear Pathway to Production
Newsfile· 2025-08-05 00:43
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]
Quarterly Activities Report
Globenewswire· 2025-07-30 02:53
Core Viewpoint - Xanadu Mines Ltd is undergoing a significant corporate transaction with Bastion Mining Pty Ltd, which has made an off-market takeover bid for the company, acquiring over 90% of its shares and issuing a Notice of Compulsory Acquisition for the remaining shares [2][16]. Corporate Transaction - The Board of Xanadu recommended the takeover offer from Bastion, which was priced at A$0.08 per share, representing a 57% premium to Xanadu's closing price on 16 May 2025 [6][8]. - Bastion's takeover offer was declared unconditional after it acquired more than 50% of Xanadu shares, and the Board urged shareholders to accept the offer promptly [6][15]. - The exclusivity arrangement with Zijin Mining Group Co. Ltd expired without finalizing a control transaction, leading to renewed discussions with other interested parties [5][6]. Financial Highlights - As of 30 June 2025, Xanadu held A$18.532 million in cash and had 2,291,211,189 fully paid ordinary shares issued [20][18]. - During the quarter, Xanadu raised A$17.2 million through a share subscription agreement with Bastion, which involved the subscription of 286,829,633 shares at A$0.06 each [21][22]. - The company reported net cash used in operating activities of A$2.321 million for the quarter [45]. Project Development - Xanadu's Kharmagtai Copper and Gold Project is expected to be a major mine in Mongolia, with Bastion and Zijin Mining Group set to advance the project towards production [4][5]. - Technical discussions for the Bankable Feasibility Study (BFS) at Kharmagtai continued during the quarter, alongside community and regulatory engagement programs [17]. Shareholder Engagement - The Takeover Board Committee of Xanadu unanimously recommended that shareholders accept Bastion's offer, contingent on the absence of a superior proposal and the Independent Expert's assessment of the offer's fairness [11][15]. - Following the acquisition of over 90% of shares, Bastion issued a Notice of Compulsory Acquisition for the remaining shares, indicating its intent to delist Xanadu from ASX and TSX exchanges [13][16].
Atico Mining Announces Closing of the Fully Subscribed $3.2M LIFE Offering, Raising $6.5M Combined with the Rights Offering
Globenewswire· 2025-07-28 20:29
Core Viewpoint - Atico Mining Corporation successfully closed its LIFE Offering and Rights Offering, raising a total of approximately $6.49 million to strengthen its financial position and advance strategic goals at its El Roble mine and La Plata project [1][2]. Group 1: Offerings Details - The LIFE Offering involved the sale of 29,090,910 units at a subscription price of $0.11 per unit, generating gross proceeds of $3.2 million [1]. - The aggregate gross proceeds from both the LIFE Offering and the Rights Offering amounted to $6,487,572.42 [1]. - Each LIFE Unit consisted of one common share and one transferable warrant, with the warrant exercisable at $0.18 for two years [2]. Group 2: Use of Proceeds - The net proceeds from the Offerings will be allocated to the development of the La Plata project in Ecuador, additional drilling at the El Roble mine in Colombia, and general corporate purposes [5]. Group 3: Related Party Transactions - Certain officers of the Company acquired a total of 590,001 LIFE Units, classifying the LIFE Offering as a related party transaction [6]. - The LIFE Offering is exempt from formal valuation and minority shareholder approval requirements under MI 61-101 due to specific conditions met [6]. Group 4: Company Overview - Atico Mining Corporation is focused on exploring, developing, and mining copper and gold projects in Latin America, generating significant cash flow from the El Roble mine and developing the La Plata project [9].
Drilling Underway at Pacific Ridge's RDP Copper-Gold Project
Newsfile· 2025-07-24 11:30
Core Viewpoint - Pacific Ridge Exploration Ltd. is advancing its RDP copper-gold project in British Columbia, with ongoing drilling aimed at expanding on previous high-grade mineralization results [1][3]. Company Overview - Pacific Ridge Exploration Ltd. is focused on becoming a leading copper exploration company in British Columbia, with a portfolio that includes the RDP copper-gold project, Kliyul copper-gold project, Chuchi copper-gold project, Onjo copper-gold project, and Redton copper-gold project [8]. Project Details - The RDP project is located in B.C.'s Golden Horseshoe and has returned significant drilling results, including a notable interval of 107.2 m with 1.39% copper equivalent and 2.06 g/t gold equivalent from drill hole RDP-22-005 [2]. - The Day target at RDP features a 100 x 150 m outcrop with porphyry Cu-Au-Ag mineralization, primarily consisting of chalcopyrite and bornite [4]. - Drilling results indicate that the Day target has a steeply northward-dipping structure with dimensions of approximately 310 m east-west, 100 m north-south, and up to 600 m vertical depth, remaining open in multiple directions [5]. Exploration Context - The Toodoggone district, where RDP is located, is gaining attention due to recent discoveries, positioning it as a hot exploration area [3].
Inflection Resources Completes Transaction with Newmont Corporation for Australian Exploration Projects
Thenewswire· 2025-07-21 10:30
Core Viewpoint - Inflection Resources Ltd. has successfully acquired a 100% interest in a portfolio of copper-gold projects located in the Northern Territory and New South Wales, Australia from Newmont Corporation [1] Group 1: Acquisition Details - The acquisition was made pursuant to an Agreement announced on June 16, 2025, which includes milestone payments, royalties, and the issuance of 1,250,000 common shares of Inflection to an affiliate of Newmont [2]
Sendero Resources Announces Updated Option Agreement with EMSE
Thenewswire· 2025-07-17 23:45
Core Viewpoint - Sendero Resources Corp. has executed a definitive option agreement with Energía y Minerales Sociedad del Estado (EMSE) to formalize rights to exploration claims in Argentina, enhancing its land position in a copper and gold prospective district [1][2]. Group 1: Agreement Details - The new option agreement replaces the original agreement dated March 4, 2024, and applies to eight exploration claims covering a total area of 9,177 hectares (91.7 km²) [1][2]. - The total project area, including the adjacent Peñas Negras project, now comprises 21,177 hectares (211.77 km²) [2]. Group 2: Financial Commitments - The company has the right to acquire a 100% interest in the EMSE claims by incurring a total of US$5,000,000 in exploration expenditures over five years, paying an aggregate of US$65,000 over five years, and granting a 1.0% NSR royalty over all EMSE and Peñas Negras claims [6]. Group 3: Strategic Importance - The Peñas Negras Project is strategically located in the Vicuña Belt, with geological characteristics similar to other deposits in the area, and has identified multiple porphyry and high-sulfidation epithermal targets [7]. - The project is situated approximately 18 km southeast of the Caserones mine operated by Lundin Mining, indicating its proximity to significant mining operations [7]. Group 4: Company Vision - The CEO of Sendero Resources Corp. expressed commitment to advancing exploration and ensuring equitable sharing of development benefits with the local community in La Rioja [3].