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Denarius Metals Corp N.DMET

Alternate Symbol(s):  DNRSF

Denarius Metals Corp. is a Canadian junior company engaged in the acquisition, exploration, development, and eventual operation of polymetallic mining projects in high-grade districts. It owns a 100% interest in the Lomero Project, a polymetallic deposit located on the Spanish side of the prolific copper-rich Iberian Pyrite Belt. It also holds a 50% interest in Rio Narcea Recursos, S.L. which has the rights to exploit the historic producing Aguablanca nickel-copper mine, including a 5,000 tpd processing plant, located in Monesterio, Extremadura, Spain, 88 km from its Lomero Project. The Company is carrying out construction activities at its 100%-owned Zancudo Project in Colombia, which includes the historic producing Independencia mine. It is also carrying out an exploration campaign on the Toral Zn-Pb-Ag Project located in the Leon Province, Northern Spain for an option to acquire up to 80% of Europa Minerals Iberia in two stages; Europa Minerals Iberia owns 100% of the Toral Project.


NEO:DMET - Post by User

Post by sdhakaon Jan 08, 2024 4:45pm
288 Views
Post# 35816405

Denarius Advancing Two Mines to Production in 2024!

Denarius Advancing Two Mines to Production in 2024!
Amidst economic uncertainty, gold and silver stand out as safe-haven assets, revealing substantial opportunities in 2024, fueled by proposed Fed rate cuts and persistent inflation concerns.
 
Denarius Metals is at the forefront, making strides in advancing two mines into production this year. The Zancudo high-grade gold-silver project in Colombia is particularly noteworthy, with a Preliminary Economic Assessment revealing robust economics: ATNPV5% of $206M and an extraordinary AT-IRR of 287%. Despite such promising figures, DSLV trades at just 25% of AT-NPV5%, making it a compelling consideration.
 
Funding is secured with a manageable initial CAPEX of $15M, thanks to existing underground mine development and successful convertible debenture financing.
 
Noteworthy strategic moves include the recent acquisition of the Aguablanca nickel-copper project in Spain, slated for fast-tracked production within the next 12 months. By processing materials from Lomero at Aguablanca, Denarius Metals Corp. is optimizing operations, reducing costs, and expediting production timelines.
 
Anticipation mounts in the industry as Q1-2024 promises a PEA for Lomero-Aguablanca and an updated resource estimate for the Toral zinc-lead-silver project in northern Spain. Trading at C$20/oz AuEq, Denarius Metals Corp. presents a 41% discount compared to the sector average of C$34/oz, signaling a potential value proposition.
 
 
*FRC provides issuer paid coverage.
*Past performance is not indicative of future results.
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