DLP Resources Inc. reports exploration updates for copper, molybdenum, silver, base-metal and cobalt targets in Southern Peru and Southeastern British Columbia. Company news centers on the Esperanza porphyry copper-molybdenum project, including trench sampling, rock-chip geochemistry, alteration mapping, drone aeromagnetic surveys, and three-dimensional magnetic susceptibility modeling. Updates also cover drill results from the Aurora porphyry copper-molybdenum-silver project.
Recurring corporate disclosures include incentive awards under the long-term incentive plan, technical committee and advisory appointments, board matters, capital-structure updates, and operating and financial results tied to DLP Resources' mineral exploration business.
DLP Resources (DLPRF) has filed an independent technical report supporting the preliminary economic assessment of its wholly owned Aurora project.
The copper-molybdenum-silver project's assessment, completed in September 2026, estimates an after-tax net present value of US$2,703 million using an 8% discount rate and an 18.5% internal rate of return. It contemplates a 17.5-year mine life using open pit and underground mining. The assessment is preliminary and includes inferred mineral resources. The report is available through SEDAR+ and the company's website.
DLP Resources (DLPRF) has temporarily paused drilling at its Esperanza copper-gold-molybdenum project in southern Peru.
The maiden drill program began on September 20, 2026, at the 100%-owned project. The pause concerns matters related to project authorization. DLP is working with Peruvian legal and technical advisers and relevant authorities to obtain the confirmations needed to resume drilling. The company said it has no reason to believe the matters cannot be resolved and intends to restart drilling as soon as practicable.
DLP Resources (DLPRF) plans to extend the term of 6,486,706 common share purchase warrants, subject to TSX Venture Exchange approval. The warrants currently expire on January 31, 2027; the proposed expiration date is January 31, 2028. They were issued in a private placement that closed on January 31, 2025. Their $0.40 exercise price and all other terms would remain unchanged.
DLP Resources (DLPRF) has started its first-ever diamond drill program at the 100%-owned Esperanza copper-gold-molybdenum project in southern Peru, with the first hole collared on September 20, 2026.
The maiden program totals approximately 3,000 metres in seven holes, targeting both a 300 m x 700 m near-surface copper oxide zone (four holes up to 150 m) and a deep porphyry copper-gold-molybdenum target (three holes of 800 m) beneath a 5.0 km x 2.5 km magnetic anomaly. Surface trenching on the oxide zone returned broad intervals including 54 m of 1.53% Cu and 82 m of 0.62% Cu, while 503 rock chip samples over the porphyry footprint yielded copper values up to 4.558% Cu, silver up to 550 g/t and molybdenum up to 151.97 ppm. DLP also highlights its Aurora project, with an indicated resource of 614.84 Mt and an after-tax NPV8% of US$2.703 billion from a 2026 Preliminary Economic Assessment.
DLP Resources (DLPRF) has received all required permits to begin its maiden diamond drill program at the 100%-owned Esperanza copper-gold-molybdenum project in southern Peru, with drilling expected to start on September 18, 2026.
The first-ever drill campaign at Esperanza will comprise approximately 3,000 metres in seven holes: four shallow holes (up to 150 m) testing a 300 m x 700 m near-surface copper oxide zone, and three deep holes (800 m each) targeting a large porphyry copper-gold-molybdenum system beneath a 5.0 km x 2.5 km magnetic anomaly. Surface trenching in the oxide zone has returned intervals such as 54 m at 1.53% Cu and 86 m at 0.73% Cu, while rock sampling over the broader system has yielded up to 550 g/t Ag with 4.548% Cu and 7.795 g/t Au with 0.780% Cu. Esperanza covers 22,500 hectares and lies about 35 km southwest of Freeport-McMoRan's Cerro Verde mine within the southern Peru copper belt.
DLP Resources (OTCQB: DLPRF) reported a NI 43-101 Preliminary Economic Assessment for its 100%-owned Aurora copper-molybdenum-silver project in Peru. The base case outlines a 17.5-year mine life processing 402.9 Mt at 65,000 tpd, generating total gross revenue of about $26.1 billion.
The base case delivers an after-tax NPV8% of $2.7 billion, after-tax IRR of 18.5% and a 5.2-year payback, using long-term prices of $4.90/lb Cu, $25.40/lb Mo and $45.30/oz Ag. At August 26, 2026 spot prices, the after-tax NPV8% rises to $4.8 billion and IRR to 24.9%, with a 3.8-year payback.
The plan combines a 7-year open pit phase (237.3 Mt, 0.95:1 strip) and a 15-year underground phase (165.6 Mt, 0.20% Mo) with parallel stockpile processing. Average annual payable production is projected at 90.5 Mlb copper, 37.4 Mlb molybdenum and 1.21 Moz silver.
Initial capital is estimated at $2.38 billion, with $1.16 billion in sustaining and underground development capital and $121 million for closure. An updated MRE supports the study, with indicated resources of 614.84 Mt at 0.19% Cu, 0.06% Mo, 2.09 g/t Ag and inferred resources of 1,118.80 Mt at 0.18% Cu, 0.07% Mo, 1.95 g/t Ag. Only about 30% of the MRE is included in the current mine plan, leaving multi-phase underground expansion potential beyond the 17.5-year case.
DLP Resources (OTCQB: DLPRF) reported new rock chip results from its 100%-owned Esperanza copper-gold-molybdenum project in southern Peru, including a polymetallic vein sample grading 550 g/t silver, 4.548% copper and 141.43 ppm molybdenum over a 0.1 m x 7 m exposure, the highest silver result at the project so far.
The company highlighted 21 of 55 select samples above 1% Cu and 12 above 2% Cu, with copper values up to 4.558% Cu. Two new priority target areas were defined: the ~1 km x 1 km Esperanza East Domain 3.7 km ESE of the main target, and a Northeast Vein Corridor 6.5 km NE with multiple polymetallic veins and the 550 g/t Ag sample. Elevated average Sr/Y of 89.12 at the main target is described by the company as consistent with fertile porphyry systems in southern Peru. Permitting is advancing for a 3,000 m maiden diamond drill program planned for late Q3 2026 on the 22,500-hectare land package.
DLP Resources (OTCQB:DLPRF) reported new rock chip samples from the Esperanza copper-gold project in southern Peru, including up to 7.8 g/t gold and 27.7 g/t silver. Sampling confirms gold, silver, copper and molybdenum within the same large target area.
A drone magnetic survey expanded the exploration footprint to 5 km x 2.5 km, with multiple datasets aligning on one copper-gold target. DLP is advancing permits for a 3,000-metre maiden drill program expected to start in Q3 2026.
DLP Resources (OTCQB: DLPRF) achieved 100% ownership of the Aurora copper-molybdenum-silver project in southern Peru and secured a six-year land use extension with the Parobamba Community.
DLP now controls a 1.05-billion-tonne inferred resource (+10 billion pounds copper equivalent) and expects Aurora’s PEA in Q3 2026.
DLP Resources (OTCQB: DLPRF, TSXV: DLP) appointed Gautam Iyer as Vice President of Corporate Development and Investor Relations. Iyer has over a decade of mining and metals experience in equity research and corporate development.
DLP granted him 200,000 stock options at $0.19, vesting over one year, with a 3-year term, subject to TSX Venture Exchange approval.