Balance Sheet And FundingClosure of a substantial convertible financing and a treasury position that covers the project's initial capital needs provides financial flexibility to pursue permitting, a construction decision, and selected regional exploration.
Development Progress And Risk ReductionCompletion of an underground ramp, lateral development, and the start of underground drilling to produce a bulk sample reduces technical and execution risk ahead of larger-scale development.
Resource ConfirmationInfill and geotechnical drilling at Copala confirmed high-grade mineralization in areas planned for initial extraction, strengthening confidence in the project's ore quality and resource model.