Report Highlights

  • DLP has completed a maiden resource estimate on its flagship Aurora copper-molybdenum project in Peru.  
  • The company has delineated a substantial inferred resource totaling 10.2 Blbs of CuEq at 0.44%. We are pleased with this estimate, as it exceeds the upper-end of our preliminary forecast of 9.7 Blbs, as noted in our November 2024 report. 
  • The project hosts two primary zones: a near-surface copper-silver zone, and a copper-molybdenum zone directly below. Resources are open-pittable, implying potential for low OPEX/CAPEX.  
  • We believe the project has significant resource expansion potential, with mineralization remaining open in multiple directions. In addition, multiple copper oxide showings remain untested.
  • Management is planning resource expansion/infill drilling ahead of a Preliminary Economic Assessment (PEA) in 2026.