DPM Metals Inc. announces an update to the Mineral Resource and Mineral Reserve estimate and life of mine plan for its Chelopech mine in Bulgaria. The mine life has been extended to 10 years, with increased Mineral Reserves and an attractive value potential from the Wedge Zone Deep discovery. The updated Mineral Reserve estimate supports a mine life that extends to 2036 and sustains production at an average rate of approximately 160,000 gold equivalent ounces per year. Further value potential is expected from in-mine and brownfield exploration efforts.

The 2025 MRMR estimate reflects updated Mineral Resource estimation parameters and updated cut-off calculation assumptions. Proven and Probable Mineral Reserves increased to 23.2 million tonnes, with contained gold and copper increasing by 174,000 ounces and 28 Mlbs, respectively. The Sharlo Dere prospect includes a Mineral Reserve inventory of 650,000 tonnes at a grade of 1.49 g/t gold and 0.52% copper. An update on drilling results from the WZD target is expected in the second quarter of 2026.

The updated LOM demonstrates the potential to increase Chelopech’s mine life through optimization of existing MRMR and exploration of new mineral resources. The Company plans to complete an additional 10,000 meters of drilling at the WZD target and advance the Chelopech North and Brevene licences to mining concessions. The Mineral Resource continues to exhibit meaningful upside potential under lower cut-off value assumptions, offering opportunities for LOM extension and enhanced long-term optionality.

Read more at GlobeNewswire: DPM Metals Extends Chelopech Mine Life to Ten Years;