DPM Metals Inc. announced updated feasibility study results for its Loma Larga project in Ecuador, with an after-tax NPV of $488 million and an IRR of 18.1%. The project has an initial capital cost estimate of $593 million and potential to add additional mineral resources. The environmental licence for the project was issued in Q2 2025, but concerns from stakeholders may lead to a suspension.

The project is designed with high environmental standards and responsible water management. DPM is committed to working with stakeholders and the government to address concerns. An optimized project layout minimizes environmental impact, with focus on responsible practices in development, mining, and processing. The feasibility study is based on total mineral reserves of 1.9 million ounces of gold, 11.6 million ounces of silver, and 80 million pounds of copper.

DPM is confident in its environmental management plan and robust environmental protection measures at Loma Larga. The Company has paused a 23,000-metre drilling program to engage with stakeholders and address concerns. The project benefits from well-established infrastructure and is located in a strong fit with DPM’s operating expertise.

The feasibility study is based on underground mining via long-hole stoping and a processing circuit to produce copper and pyrite concentrates. Water management is a key consideration, with a focus on minimizing freshwater use and maximizing recycling. The project includes wastewater treatment and storage facilities, along with responsible tailings management.

DPM intends to maximize benefits for local communities and stakeholders while delivering value for shareholders. The Company plans to utilize local suppliers and employ a local workforce. Prospective exploration targets at Loma Larga offer opportunities for additional mineral resources, with a planned 23,000-metre drilling program to further assess potential.

The Company’s strategic objective is to become a mid-tier precious metals company with sustainable, responsible gold production. DPM trades on the Toronto Stock Exchange and the Australian Securities Exchange. The technical report for the Loma Larga project will be filed on SEDAR+, providing detailed information on MRMR estimates and study results. Non-GAAP financial measures are used to monitor cost performance at DPM’s operations.

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