DLP Resources Appoints New Chairman
Rhea-AI Summary
DLP Resources (OTCQB: DLPRF) announced on November 26, 2025 that Derek White is stepping down as chair and William (Bill) Bennett is appointed Chair of the Board, effective immediately; Mr. White will remain on the board.
Mr. Bennett brings 16 years as an MLA and served three times as BC mines minister, plus post‑politics board and mining committee experience. The board also created a technical committee chaired by director Rick Zimmer, who has over 40 years of mining engineering and operational experience. Mr. Bennett said he will help advance the Aurora project in Peru toward a Preliminary Economic Assessment.
Positive
- Chair appointment effective November 26, 2025
- New chair with 16 years as MLA and three mines minister terms
- Technical committee created and chaired by Rick Zimmer
- Rick Zimmer has 40+ years of mining experience
Negative
- None.
Key Figures
Market Reality Check
Peers on Argus
While DLPRF was down 7.03%, key Basic Materials peers were positive, with moves such as +3.67% (PMMCF), +6.06% (QZMRF), and up to +20% (NKGFF), indicating stock-specific weakness rather than a sector-wide decline.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 13 | Exploration results | Positive | -10.1% | Strong Aurora drill results and plan for updated resource and PEA. |
Limited history shows a negative price reaction following positive exploration results, suggesting a tendency for the stock to sell off on good operational news.
Over the last few weeks, DLP Resources highlighted substantial drill results from the Aurora porphyry Cu-Mo-Ag project in Peru, including long intervals of mineralization and plans for an updated Mineral Resource Estimate and a PEA by Q1 2026. The market reacted negatively (-10.11%) to that exploration update. Today’s announcement shifts board leadership, with a new Chair and formation of a technical committee, indicating continued focus on advancing Aurora with experienced oversight.
Market Pulse Summary
This announcement centers on strengthening governance and technical oversight as DLP Resources advances the Aurora project. A new Chair with mine permitting and political experience, plus a technical committee led by a veteran engineer with over 40 years in mining, underscores a focus on disciplined project advancement. In context of prior drill success and a planned PEA by Q1 2026, key metrics to watch include future technical milestones, resource updates, and how leadership guides project timelines.
Key Terms
Preliminary Economic Assessment technical
AI-generated analysis. Not financial advice.
Cranbrook, British Columbia--(Newsfile Corp. - November 26, 2025) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) (FSE: J8C) ("DLP" or the "Company") announces that Derek White is stepping down as Chair of the Board of Directors of the Company and William (Bill) Bennett, is being appointed Chair of the Board. The appointment of Mr. William Bennett as Chair is effective immediately. Mr. White will remain a member of the Board.
Mr. Bennett was a successful small business owner, then lawyer, who gained extensive experience in mine permitting and development, as MLA and BC's mines minister three times over his 16 year career. Bill earned a reputation across Canada as a leader in reducing government permitting time for mining and for his practical, straightforward approach to the government-private sector relationship. Mr. Bennett has provided his leadership, guidance and expertise across multiple committees at DLP since the company was formed. Retiring from politics in 2017, Bill has acted as director and officer of several mining companies, with experience on technical, audit, and governance committees.
Bill Bennett: "I am looking forward to helping our strong team move the Aurora project in Peru to a successful Preliminary Economic Assessment and to maximizing for our shareholders, all that is possible with this large and exciting project."
The Board of Directors is also pleased to announce the creation of a technical committee comprised of the Directors and chaired by Director Rick Zimmer. Mr. Zimmer has a degree in Mining Engineering and an MBA and has over 40 years of Canadian and international mining experience including exploration, development and mine operations (both underground and open pit). Mr. Zimmer has served as: President and CEO of Far West Mining Ltd.; VP and Project Manager for Teck's Pogo project in Alaska and General Manager of Teck's Tarmoola gold mine in Australia; Mine Manager of Teck's Afton copper-gold mine in British Columbia as well as acting in several senior mining roles throughout his career.
About DLP Resources Inc.
DLP Resources Inc. is a mineral exploration company operating in Southeastern British Columbia and Peru. DLP is listed on the TSX-V, trading symbol DLP and on the OTCQB, trading symbol DLPRF and on the FSE, trading symbol J8C. Please refer to our web site www.dlpresourcesinc.com for additional information.
For further information, please contact:
DLP RESOURCES INC.
Ian Gendall, President and Chief Executive Officer
Bill Bennett, Chairman
Jim Stypula, Lead Director
Robin Sudo, Corporate Secretary and Land Manager
Email: iangendall@dlpresourcesinc.com
Email: billbennett@dlpresourcesinc.com
Email: jimstypula@dlpresourcesinc.com
Email: robinsudo@dlpresourcesinc.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275989
FAQ
Who is the new chair of DLP Resources (DLPRF) and when did the change take effect?
What role will Derek White have after stepping down as chair of DLPRF?
What experience does DLPRF's new chair Bill Bennett bring to the company?
What is the purpose of the new technical committee at DLP Resources (DLPRF)?
How will Bill Bennett’s appointment affect the Aurora project timeline for DLPRF?
