Mithril upgraded Copalquin’s Target 1 resource to 464 koz AuEq indicated and 151 koz inferred, with indicated metal increasing 196%. High-grade drilling expanded Targets 3 and 5. Two rigs are completing the fully funded 12,000-metre 2026 program; Mithril held A$7.3 million cash and no debt.
Discovery Mining increased its senior secured revolving credit facility from US$250 million to US$400 million and extended maturity to July 2030. The amended facility offers improved pricing, relaxed leverage requirements and no minimum liquidity covenant, supporting growth at its Porcupine and Kidd assets. The US$100 million accordion remains available.
Algo Grande mobilized a second rig and commenced Hole 3 at the Adelita project’s Cerro Grande skarn target in Sonora. Hole 2 intersected 28.37 metres of visual copper mineralization in skarn and andesitic porphyry and continued toward a planned 700-metre depth to test the system’s deeper extension and potential feeder intrusion.
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