other material
confidence high
sentiment positive
materiality 0.80
Dakota Gold reports 3.65M oz M&I heap leachable gold resource at Richmond Hill; option extended to 2028
Dakota Gold Corp.
- M&I heap leachable resource of 3.65M oz gold; inferred adds 2.61M oz; combined M&I resource 4.64M oz gold.
- Option agreements with Barrick (HMCC) extended to Dec 31, 2028; DTRC pays $170K/yr (Richmond Hill) and $340K/yr (Homestake) from 2026.
- Initial Assessment with cash flow (IACF) due mid-2025; potential production by 2029; Orion Mine Finance offered up to $300M.
- Resource is 60% M&I (split equally), up from 60% inferred in April 2024; drilling continues for expansion and conversion.