DLP Resources Inc.
Delineates a Large Copper Resource in Peru
Published: 3/14/2025
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 $0.24 |
| Fair Value | CAD $0.66 |
| Risk | 5 |
| 52 Week Range | CAD $0.15-0.54 |
| Shares O/S (M) | 127 |
| Market Cap. (M) | CAD $31 |
| Current Yield (%) | N/A |
| P/E (forward) | N/A |
| P/B | 8 |
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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.
- With copper trading near record highs, we anticipate an increase in M&A activity over the next 12 months, as larger companies target juniors to expand their portfolios. W
