Morning Briefing: Bravada Gold Publishes PEA for Wind Mountain

0:02Good morning and welcome back to the Mining Stock Daily Morning Briefing presented by the Clear Commodity Network, and delivering today's top news in mining and mineral exploration. From the new ClearCom Studios, here's your host, Trevor Hall. And good morning, everybody. Welcome back to the Mining Stock Daily Morning Briefing. It's Monday, August 31st. Hope everybody had a wonderful weekend out there. But there's new military engagements in the Strait of Hormuz that are keeping Safe Haven Metals in focus this morning. There's a major strategic investment closing in the nickel and copper space, and we've got a compelling new PEA out of Nevada.

0:43All that in a minute, but right now gold is essentially flat, just up about 0.06 % to$4 ,456 an ounce, holding firm after a retreat to end the week last week. Silver's outperforming, up 1.7 % to$67.30. copper is ticking higher that's up about half a percent to six dollars sixty a pound and then a number that tells you something about this morning's macro story crude oil is jumping hard the bti is up three and a half percent to 86.39 a barrel and brent that's up over three percent to ninety dollars eighty eight the situation in the street of hermuz continues to escalate over the weekend. U.S. Central Command has struck Iranian naval vessels and mine-laying ships used to harass shipping in the strait, while the Kuwait-flagged oil tanker off the Dubai coast was hit by an Iranian drone strike.

1:40It's the latest in a string of attacks that have kept commercial vessels away from one of the world's most critical energy corridors since conflict erupted in late February. Diplomatic efforts are underway, but the market is treating this as an ongoing risk. With roughly 20 % of global oil supply moving through Hormuz, any sustained disruption carries inflationary consequences that historically support precious metals. We'll get to the news out of the miners and explorers here in just a moment, but first a quick mention of today's sponsor. Today's episode of the Morning Briefing is brought to you by Integra Resources.

2:18Integra is a growing precious metals producer in the Great Basin of the Western United States. They're focused on demonstrating profitability and operational excellence at its principal operating asset, the Florida Canyon Mine in Nevada. In addition, Integra is committed to advancing its flagship development stage heat bleach projects, the Delamar Project in Idaho, and the Nevada North Project in western Nevada. Learn more about the business and their high industry standards over at IntegraResources.com. From power generation to steelmaking, coal still drives the global economy, And the Coal Trader Podcast from Clear Commodity Network is where the industry comes to talk about it.

2:57Join me, Matt Water, and my partner, Joe Aldina, as we break down the latest trends in thermal and met coal, explore shifting market dynamics, and sit down with industry veterans and executives for unfiltered, insightful conversations. Listen to Coal Trader Podcast on Apple Podcasts, Spotify, or at clearcommodity.net. Clear Commodity Network, digital news on the physical markets.

3:24And here's what you need to know this morning. Magna Mining has closed its Canadian$140 million strategic private placement with Alpayana. They purchased about 62.5 million shares at$2.25 per share, giving it a 19.9 % stake in Magna, alongside board nomination rights and participation right in future financings. The proceeds will be used to advance Magna's copper, nickel and precious metals projects in the Sudbury Basin of Ontario. It's anchored by the producing MacReady Westmine and a development pipeline that includes Levesque, Crean Hill, Budolsky and Shakespeare. Magna mining trades on the TSX as NICU and on the OTCQX with MGMNF.

4:13NNF. Perpetua Resources is reporting tangible construction progress at the Stibniko project in central Idaho. Autoclave components are being fabricated at a facility in Europe. Approximately half of the permanent worker housing units have been delivered to site as of August 24th, and the U.S. Forest Service has designated the Burtlog route as its preferred access road under NEPA. It's clearing a key infrastructure hurdle. On the exploration front, four drill rigs are active and have returned high-grade intercepts at the Clark Tunnel fault zone, including 6.4 meters of 16.2 grams per ton gold and 1.7 percent antimony from surface, plus a new gold tungsten discovery of 21.3 meters of 3.2 grams per ton gold and 0.9 % tungsten from 24 meters depth.

5:07The U.S. District Court ruling in August 18th upheld federal project approvals and construction continues to advance. Perpetuate Resources trades on the NASDAQ and the TSX, both under the symbol PPTA. Bravada Gold has published an updated PEA for its 100 % owned Wind Mountain Gold Silver Project in northern Nevada. It is a Brownfield heap leach restart opportunity, 160 kilometers northeast of Reno. The report delivered an after-tax NPV of$415 million US and a 60 % after-tax IRR with a two-year payback using$3 ,600 gold per ounce. That comes with an 11.2-year mine life. Life of mine production comes in at 450 ,000 ounces of gold and 3.1 million ounces of silver, with an all-insustaining cost of$1 ,653 per ounce.

6:06Total project capital comes in at$139 million, including a 20 % contingency. Provided plans to move directly into a pre-feasibility study in the second half of 2027. 27. Revada Gold trades on the venture with BVA and on the OTCQB with BGAVF. Visa Copper has expanded its 2026 diamond drill program at the Palmer Copper Zinc VMS project in Alaska, going from 10 ,000 meters to approximately 12 ,250 meters, following encouraging results across three target areas. Two holes have now visually confirmed the high-grade core of zone one with hole 199 intersecting just under 50 meters of chalcopyrite and sphalerite bearing massive sulfide mineralization from a depth of 305 meters.

7:00But also a new visual sulfide discovery has been made at the HG prospect approximately two kilometers southwest of the main deposit where hole 208 intersected 2 meters of massive sulfide from 181.5 meters and 4 additional holes hit the prospective altered horizon. Assay results from all holes are pending. Visa Copper trades on the Venture Exchange with VCU and on the OTCQB with VCUFF. Barksdale Resources has completed its Phase 2 earn-in at the Sunnyside Copper-Zinc-Led Silver Project in the Patagonia Mining District of Southern Arizona by paying$550 ,000 in cash and issuing just under 5 million shares to the joint venture partner Great Basin Metals.

7:52This lifts Barkdale's ownership of Arizona Standard LLC to 67.5 % and secures Management Committee control ahead of a planned Fall 2026 drill program and airborne ZTEM survey. BarkSale Resources trades on the Venture Exchange with BRO and on the OTCQB with BRKCF. Centauri Minerals begins trading on the Venture Exchange today under the symbol CENT. Centauri is a new independent public company spun out of Aldebaran Resources, continuing the chain of successful spinouts that also produce Regulus Resources and before that Antares Minerals. Centauri holds 100 % of approximately 40 ,000 hectares of exploration projects across the provinces of Salta, Jujuy, and Catamarca in northern Argentina, with its most advanced asset being the Rio Grande Gold Copper Project in Salta, which hosts a 43-101 mineral resource.

8:58The company raised more than$30 million ahead of its listing and is targeting the first drill program at Rio Grande since 2013. That's going to happen in the fourth quarter of this year. Centauri Minerals trades on the TSX Venture Exchange with the symbol CENT. All right, that's a wrap on the morning briefing. The Mining Stock Daily Morning Briefing is produced by Clear Commodity Network. It is distributed throughout the world through your podcast network of choice and over at clearcommodity.net. Have a wonderful day, everybody. Be well. The information presented should not be considered investment advice.

9:35Mining Stock Daily and its affiliates are not responsible for any loss arising from any investment decision in connection with the material presented herein. Please do your own research or speak with a licensed financial representative before making any investment decisions.