Meridian Drills Copper Dominated Layers of Ore Grading 28.6m @ 3.5 g/t AuEq (2.6% CuEq) at Cabacal Highlights: Cabacal drills more multiple stacked layers of shallow high-grade Au-Cu-Ag ore at Cabacal; Cabacal Drilling Update. The ongoing drill program at Cabacal has returned further strong intersections as the DFS infill drilling program nears its final stages. Most holes are targeting the first 5-year production area, whilst some peripheral holes were drilled in the southwestern sector of the mine area to close drill spacing in some hanging wall mineralization positions.
The Pre-feasibility Study technical report dated March 31, 2025, entitled: "Cabacal Gold-Copper Project NI 43-101 Technical Report and Pre-feasibility Study" outlines a base case after-tax NPV5 of USD 984 million and 61.2% IRR from a pre-production capital cost of USD 248 million, leading to capital repayment in 17 months (assuming metals price scenario of USD 2,119 per ounces of gold, USD 4.16 per pound of copper, and USD 26.89 per ounce of silver). Hole-id, Dip, Azi, EOH, Zone, Int, AuEq, CuEq, Cu, Ag, From, (m), (m), (m), ("g/t"), (g/t), (g/t), (m), (m"), (m), (g/t"), (m), (m). The Pre-feasibility study technical report (the "PFS Technical Report") dated March 31, 2025, titled: "Cabacal gold-Copper Project NI 43 -101 Technical Report and Pre-Feasibility Study" outlines a Base case after-tax NPV 5 of USD 984 million and61.2% IRR from an pre-production capital cost of $248 million, leading to capital repay in 17 months (assuming metals prices scenario of USD 2,119% of gold, USD 4. 16 per pound of copper, and $26.89 per ounce of gold).
Hole-id, Dip. Azi, EOH, zone, Int, AuEq., CuEq, CuEq., Cu, Ag, From, ("m"), (m), (m),(m), (m), (g/t), (g/T), (m), (m).
