Rupert Res Ltd Stock Price, News & Analysis

Rupert Resources announced its graduation from the TSX Venture Exchange to the Toronto Stock Exchange, with trading of its common shares commencing on December 12, 2022, under the symbol ‘RUP’. This transition involves delisting from the TSX-V. Rupert Resources focuses on gold exploration and development, particularly the Ikkari project in Northern Finland, which contributes to its Rupert Lapland Project. The company also holds interests in other properties in Canada and Finland, aiming for discoveries that offer high margins and low environmental impacts.

Rupert Resources has announced the approval for the listing of its common shares on the Toronto Stock Exchange starting December 12, 2022, trading under the symbol RUP. This move marks a significant transition from the TSX Venture Exchange to the TSX, indicating the company's growth trajectory. CEO James Withall emphasized this graduation as a vital step, showcasing the economic potential of the Ikkari Discovery highlighted in a recent Preliminary Economic Assessment. As of August 2022, the company reported cash reserves of $35 million.

Rupert Resources Ltd announces promising results from its Preliminary Economic Assessment (PEA) for the 100% owned Rupert Lapland Project in Finland. The PEA highlights an after-tax Net Present Value (NPV) of $1.6 billion and an Internal Rate of Return (IRR) of 46%, with a payback period of just 2 years. The project boasts a mine life of 22 years, aiming for an average annual gold production of 200,000 ounces. The Ikkari deposit’s updated estimate upgraded 84% to Indicated resources, indicating high-quality mineralization and optimized cash flow potential.

Rupert Resources Ltd has released its unaudited financial results for the three and six months ending August 31, 2022. The Company reported a net loss of $(5,173,267) for Q3 and $(10,318,244) for the half-year, significantly higher than the previous year's losses. Exploration expenses for the six months totaled $13,759,177. Cash reserves stood at $36,860,468, with ongoing projects focused on the Rupert Lapland Project Area and Ikkari. An update on the Ikkari Preliminary Economic Assessment is due in Q4 2022.

Rupert Resources has announced updates on its Ikkari gold discovery at the Rupert Lapland Project in Finland. The maiden resource estimate stands at 49 million tonnes at 2.5g/t Au, equating to 3.95 million Inferred ounces. An exploration program for 2022-2023 includes 72,800m of drilling, with significant infill and extension efforts underway. Recent drilling revealed high-grade gold intervals, notably 32.5m of 2.2g/t Au from the first hole of the season. A preliminary economic assessment is expected in Q4 2022.

Rupert Resources Ltd is advancing its Ikkari gold deposit in Northern Finland, reporting promising results from ongoing drilling near its flagship site. The Ikkari deposit features a maiden mineral resource estimate of 49 million tonnes at 2.5 g/t Au, totaling 3.95 million inferred ounces. Significant drill results include high-grade intercepts such as 2.6m of 11.7g/t Au and 5m of 9.8g/t Au at Ikkari North. With 75,000m of drilling budgeted for the next year, the company aims to further explore five regional target areas.

Rupert Resources Ltd reports significant progress at its Ikkari gold deposit in Northern Finland. Recent drilling has extended high-grade mineralization, with notable results including 59m of 8.0g/t Au and 24m of 6.3g/t Au. The National Instrument 43-101 mineral resource estimate stands at 49 million tonnes at 2.5 g/t for 3.95 million inferred ounces. Drilling has exceeded 45,000m since the maiden resource announcement, reinforcing the project's economic potential. An updated resource estimate and preliminary economic assessment are expected in H2 2022.

Rupert Resources Ltd has announced promising new drilling results from its Ikkari and Heinä South gold discoveries in Northern Finland. The Ikkari deposit boasts an inferred resource of 49 million tonnes at 2.5 g/t Au for 3.95 million ounces. Recent drilling has expanded the mineralized envelope, with notable intercepts of 31m at 1.1 g/t Au and 33m at 6.5 g/t Au. Heinä South also shows potential with 2m at 4.9 g/t Au. The ongoing exploration aims to enhance resource confidence and support a permitting timeline, positioning Ikkari as a key player in a potential new mining camp.

Rupert Resources Ltd announces strong drilling results from its Ikkari and Heinä South gold discoveries in Northern Finland. Significant infill drilling has defined high-grade gold zones, with notable intersections, including 110m of 5.1g/t Au and 20m of 4.5g/t Au. The Ikkari deposit contains an inferred resource of 49 million tonnes at 2.5g/t Au, totaling 3.95 million ounces. In 2022, 80,000m of drilling is planned, primarily for upgrading resources. CEO James Withall highlighted exceptional continuity and growth potential in the Ikkari deposit and identified new targets for exploration.