Morning Briefing: Liberty Gold Publishes Black Pine's Feasibility Study

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. Good morning, everybody. Welcome back to the Mining Stock Daily Morning Briefing. It's Tuesday, September 8th. Copper is the standout this morning, up over 2 % to$6.74 a pound and pressing near those record levels. Gold slipping slightly to$4 ,400 an ounce off about two-tenths of a percent, while silver was essentially flat at$66.10 at time of recording.

0:45Brent crude is pushing back towards$100 a barrel. It's up 1.6 % to$98.76 after Saudi Arabia confirmed that attacks on energy facilities in the Kingdom's South have halted operations at several sites. Energy and commodity markets are on alert as the situation develops. And Canada has raised the import tax on U.S. steel items to 50%, that's up from 25%, and applied new tariffs to consumer goods, including motorcycles, cosmetics, and cheese. That's escalating a trade dispute that risks disrupting North American supply chains, and one will be watching closely. We'll get to the news out of the miners and explorers here in just a moment, but first a mention of today's sponsor.

1:34Today's episode of The Morning Briefing is brought to you by Vizsla Silver. Vizsla Silver is advancing the 100 % owned Panuco silver gold project in Sitolo, Mexico. It's one of the world's highest grade undeveloped silver projects in the world. The project is backed by a$300 million U.S. convertible note and a U.S. $220 million project finance mandate from Macquarie Bank. Visa Silver trades on the TSX and the NYSE, both under the symbol VZLA. 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.

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2:44And here's what you need to know this morning. Liberty Gold has released a feasibility study for its Black Pine Oxide Gold Project in southern Idaho. The study highlights a 16-year run-of-mine heat bleach operation requiring no crushing, with probable reserves of just over 4 million ounces, initial capital of$411 million, and 220 ,000 ounces of gold per year in years 1 through 5, at an all-in sustaining cost of$1 ,566 an ounce. At the$32.50 base case gold price, the project generates an after-tax NPV of$2.4 billion at a 60 % IRR with a two-year payback on the capital. That climbs to$4.3 billion in NPV at the current gold price environment.

3:38Liberty Gold trades on the TSX with LGD and on the OTCQX with LGDTF. Merimacca Copper has reported hole 15 at the Pampa Medina project in northern Chile. It intersected 216 meters of 1 % copper and 7.2 grams per ton silver and included 62 meters in there of 2.2 % copper and 21.5 grams per ton silver, extending a run of wide high-grade copper-silver intersections as the company advances to integration PEA combining Pampa Medina with its Marimaca oxide deposit. Marimaca Copper trades on the TSX with MARI and on the OTCQX as MARIF. Ivanhoe Mines has released an updated resource for the Makoko District of the Western Forelands Copper Discovery in the DRC It increases the project scale by 30%, with Inferred Resources now totaling 612 million tons at 1.8 % copper, containing 24.3 billion pounds, alongside 34 million tons at 2.66 % copper in the indicated category, in what the company describes as the world's largest and highest grade copper discovery of the past decade.

4:58Combined with Kamoa Kokula, total contained copper across the Western Forelands, now exceeds 55 million tons, with a 120 ,000 meter infill program planned to move shallow inferred tons towards the indicated category. Ivanhoe Mines trades on the TSX as IVN and on the OTCQX with IVPAF. DPM Metals has released drove results from the Dimitri Potok copper gold silver scarring prospect at the Kukarikita license in Serbia, extending mineralization 90 to 100 meters beyond the existing resource, with highlights including hole 42 returning 50 meters of 3.68 % copper equivalent, and hole 253 returning 246 meters at 1.36 % copper equivalent.

5:51The 2026 drill program has been expanded to 35 ,000 meters from 32 ,000, with an updated resource estimate targeted in Q1 of 2027 ahead of a preliminary economic assessment planned for year end of 2027. DPM metals trades on the TSX and on the ASX both under the symbol DPM. Nucor Gold has appointed Salamanu Konyi. He is a former CEO of Ghana Chamber of Mines from 2014 through his retirement of 2025. He is now an independent non-executive director, adding 35 years of Ghanaian mining, industry experience, and deep regulatory relationships as the company advances the NCHE gold projects through development and permitting.

6:40Nucor Gold trades on the TSX Venture Exchange with NCAU and on the OTCQX with NCAUF. Revival Gold has completed 10 ,000 meters of infill RC drilling in 100 holes at the Merkur Gold Project in Utah, and releasing results from a further 17 holes today, including hole 193 returned 1.32 grams per tonne gold over 45.7 meters, and hole 201 returned 0.9 grams per tonne gold over 54.9 meters. With grades and cyanide leech recoveries continuing to support the company's 2025 PEA assumptions ahead of a preliminary feasibility study targeted for Q1 of next year. Revival Gold trades on the venture exchange with RVG and on the OTCQX with RVLGF.

7:33And Power Metallic Mines has to find a maiden resource for the Lion Zone at its NISC project in James Bay, Quebec. with a total maiden resource of 4.7 million tons across indicated and inferred categories at 3.86 % copper equivalent, containing approximately 406 million pounds of copper equivalent, with over 85 % classified indicated, and locked cyclometallurgical testing returning copper recoveries above 98%. Five rigs are targeting depth and strike extensions at Lion with summer 2026 assay results expected through September and a preliminary economic assessment in progress to assess the combined development potential of Lion and the adjacent NISC nickel copper deposit.

8:25Power Metallic Mines trades on the TSX Venture Exchange with PNPN and on the OTC with PNPNF. All right, quite a bit of news out to start this week after the holiday weekend. 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 at clearcommodity.net. Have a wonderful day, everybody. Be well. The information presented should not be considered investment advice. Mining Stock Daily and its affiliates are not responsible for any loss arising from any investment decision in connection with the material presented herein.

9:05Please do your own research or speak with a licensed financial representative before making any investment decisions.