DLP Resources Inc.
Delineating a Major Potential Copper Resource in Peru
Published: 11/8/2024
Author: FRC Analysts
Sector: Basic Materials | Industry: Other Industrial Metals & Mining
Ticker Symbols:DLPRF - NASDAQ 🔹DLP - TSX.V 🔹
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | CAD $0.2 |
| Fair Value | CAD $0.56 |
| Risk | 5 |
| 52 Week Range | CAD $0.15-0.54 |
| Shares O/S (M) | 121 |
| Market Cap. (M) | CAD $24 |
| Current Yield (%) | N/A |
| P/E (forward) | N/A |
| P/B | 5.0 |
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Report Highlights
- DLP Resources has assembled seven pre-resource stage properties, including two copper-molybdenum projects in Peru, and five base metal-cobalt projects in B.C. Peru is the second largest copper producer in the world, hosting numerous world-class porphyry copper deposits (large-tonnage/low-grade).
- Drilling at DLP’s flagship Aurora copper-molybdenum project has delineated a large mineralized area (1.1 km long x 0.95 km wide x 1.0 km deep), comprised of two primary zones: a near-surface copper-silver zone, and a copper-molybdenum zone directly below. We believe the project has the potential to host a large tonnage deposit, with molybdenum grades higher than those typically found in porphyry deposits. Based on our review of the drilling results, we believe the deposit could host 5+ Blbs CuEq. Management is aiming to complete a maiden resource estimate in Q1-2025
- DLP’s second key asset, the Esperanza copper-molybdenum project, is situated southwest of Peru’s copper belt. This region hosts numerous giant porphyry copper deposits, including
