DPM Metals Inc. Extends Chelopech Mine Life to 2036
DPM Metals Inc. (ASX: DPM) announced a major update for its Chelopech Mine in Bulgaria, extending its operational life to 2036, with an average annual production of approximately 160,000 gold equivalent ounces (GEO). This extension is based on an updated Mineral Reserve estimate, which shows a 42% increase in tonnage and a 12% rise in gold content and 10% in copper content. The proven and probable Mineral Reserves now stand at 23.2 million tonnes, incorporating the Sharlo Dere prospect, which adds significant potential for continued growth. In addition, the company's exploration activities, including the Wedge Zone Deep discovery, are expected to further extend the mine life.
The updated Life of Mine (LOM) plan supports a steady production rate through 2032, with further potential beyond that, contingent on successful ongoing exploration. The company is also advancing the Chelopech North and Brevene licences, with the former expected to be granted in 2026.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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DPM Metals Inc. Extends Chelopech Mine Life to 2036
DPM Metals Inc. (ASX: DPM) announced a major update for its Chelopech Mine in Bulgaria, extending its operational life to 2036, with an average annual production of approximately 160,000 gold equivalent ounces (GEO). This extension is based on an updated Mineral Reserve estimate, which shows a 42% increase in tonnage and a 12% rise in gold content and 10% in copper content. The proven and probable Mineral Reserves now stand at 23.2 million tonnes, incorporating the Sharlo Dere prospect, which adds significant potential for continued growth. In addition, the company's exploration activities, including the Wedge Zone Deep discovery, are expected to further extend the mine life.
The updated Life of Mine (LOM) plan supports a steady production rate through 2032, with further potential beyond that, contingent on successful ongoing exploration. The company is also advancing the Chelopech North and Brevene licences, with the former expected to be granted in 2026.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au