In this edition, we analyze the performance of our top picks, including an Adtech company, whose shares rose 47% last week. We also discuss promising developments from other companies under coverage, including maiden resource estimates from copper juniors, encouraging drill results, and significant financings.
In This Issue
- Gain insights into companies under coverage that experienced significant developments last week, along with our analysts’ commentary and actionable takeaways.
- FRC top picks and standout performers from the past week
DLP Resources Inc. (DLPRF, DLP.V)
PR Title: Announces a maiden resource estimate for the Aurora copper-molybdenum-silver project in Peru
Analyst Opinion: Positive – DLP has outlined a large inferred resource of 10.2 Blbs CuEq at 0.44%. We are pleased with this estimate, as it exceeds the upper end of our preliminary forecast of 9.7 Blbs, as noted in our November 2024 report. We see further resource expansion potential, with mineralization remaining open in multiple directions. We will release an update shortly. DLP is up 50% since our initiating report in November 2024.
Golden Arrow Resources Corporation (GARWF, GRG.V)
PR Title: Announces an initial resource estimate for the San Pietro copper-gold-iron-cobalt project in Chile
Analyst Opinion: Positive – GRG has outlined a substantial inferred resource of 4.4 Blbs CuEq at 0.41%. We are extremely impressed by the company’s ability to define such a large resource in its maiden resource estimate. We see potential for further resource expansion, as the current estimate only includes two of four targets. The next phase of drilling will focus on identifying higher-grade zones within the resource area. We will release an update shortly, introducing our fair value estimate, which we had not previously provided due to the early-stage nature of the company’s projects.
Disclaimer: This article and research coverage is paid for and commissioned by issuers. See the bottom of this article for other important disclosures, rating, and risk definitions.
