Fortuna Mining Corp. reports strong exploration drilling results at the Diamba Sud Gold Project in Senegal, with an estimated after-tax NPV5% of US$563 million and an IRR of 72% at a gold price of US$2,750 per ounce. Key highlights include drillhole DSDD555 with 6.8 g/t gold over 35.5 meters and DSDD574 with 1.7 g/t gold over 29.6 meters. Ongoing drilling aims to expand mineralization to the southwest, east, and south, with mineralization remaining open at depth. The project is advancing towards a feasibility study and construction decision in the second quarter of 2026.

The latest drilling results at the Southern Arc deposit show strong potential for resource growth at the Diamba Sud Gold Project in Senegal. With broad and consistent gold intervals, including high-grade intersections, the project remains open for further exploration. The drilling data, validated by the Company’s Qualified Person, includes both reverse circulation and diamond drilling techniques, with rigorous quality assurance and quality control procedures in place. These results will contribute to an updated resource estimate expected in the first quarter of 2026.

The Preliminary Economic Assessment (PEA) for the Diamba Sud Gold Project outlines key metrics such as an estimated after-tax NPV5% of $563 million, an IRR of 72%, and average annual production of 106 koz over the life of the mine. The PEA includes inferred mineral resources and assumptions regarding gold price, production rates, and operating costs. Further details on the PEA, including capital expenditure, operational costs, and economic analysis, are available in the Technical Report filed by the Company. The PEA highlights the economic viability and potential of the Diamba Sud project.

Read more at GlobeNewswire: Fortuna Expands Southern Arc Mineralization with Drill