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DLP Resources ( (TSE:DLP) ) just unveiled an announcement.
DLP Resources has delayed completion of the Preliminary Economic Assessment for its Aurora copper-molybdenum-silver project to the second quarter of 2026 to evaluate a combined open-pit and underground mining scenario. The company and its consultant, Global Resource Engineering, aim to optimize resource extraction, particularly high-grade molybdenum at depth, which could enhance project value through improved mine design, a potentially low waste-to-ore ratio, and more efficient access to large underground resources.
The Aurora project’s maiden mineral resource, effective January 31, 2025, outlines an inferred, pit-constrained resource of 1.05 billion tonnes grading 0.20% copper, 0.05% molybdenum, and 2.4 g/t silver, with mineralization remaining open for expansion. Management believes that integrating new drilling data and underground potential into the revised assessment could significantly strengthen Aurora’s economics and support DLP’s strategic positioning in the copper and molybdenum markets.
The most recent analyst rating on (TSE:DLP) stock is a Buy with a C$1.00 price target. To see the full list of analyst forecasts on DLP Resources stock, see the TSE:DLP Stock Forecast page.
More about DLP Resources
DLP Resources Inc. is a Canadian mineral exploration and development company focused on large-scale copper, molybdenum, and silver projects. Its flagship Aurora Project in British Columbia is a porphyry Cu-Mo-Ag deposit hosting more than one billion tonnes of inferred resources, positioning the company within the global market for critical base and precious metals.
Average Trading Volume: 116,891
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$56.79M
See more insights into DLP stock on TipRanks’ Stock Analysis page.