Report Highlights

  • DBG has surged 145% since our last report in December 2024, fueled by company-specific developments, and record copper-gold prices.
  • The company is in discussions with a Qatari firm to explore potential collaboration and strategic financing from the State of Qatar, and/or other Arab nations, for its flagship Hat project.
  • The Hat project, located in B.C.’s Golden Triangle, hosts an open-pittable polymetallic porphyry deposit, with resources totaling 5 Blbs of CuEq at 0.36%. Based on spot prices, copper accounts for 53% of resources, followed by gold (39%), cobalt (7%), and silver (1%). 
  • This is a large copper-gold deposit, distinguished by the rare presence of scandium and cobalt, which is uncommon in North American porphyry projects. We believe this provides a significant advantage for the Hat project, as these by-products can add substantial value, especially given their status as critical minerals in the U.S., Canada, and the EU.
  • Recent drilling returned high-grade intercepts over long intervals, underscoring the potential for resource expansion with higher-grade material. Key results include 107 m of 1.42% CuEq, 122 m of 1.34%, and 154 m of 1.07%. These exceptionally high-grade intercepts suggest proximity to the core of the porphyry system. As a result, we are now using 100% of both indicated and inferred resources for valuation, up from 100% of indicated and 50% of inferred previously.
  • Management aims to complete a resource update/Preliminary Economic Assessment (PEA) in the coming months.