$NGEX.TO

NGEx Minerals Posts Results from Phase 4 Drilling at Lunahuasi Project

NGEx Minerals (NGEX.TO) reported results from the Phase 4 drill program at the Lunahuasi copper-gold-silver project in Argentina, further highlighting the scale and grade of the project.The results, combined with earlier ones, show a pattern of vein development and alteration, the company said Tuesday.Highlights of the results include 1,540.1 meters at 1.17% copper equivalent from 196 meters, including 88 meters at 8.65% CuEq from 572 meters in the Saturn Zone and 501.1 meters at 0.73% CuEq from 1,235 meters in an expanded porphyry deposit."High-grade breccias are an important part of many notable porphyry deposits worldwide and the fact that we are seeing this style of mineralization in only our second hole into the Lunahuasi porphyry bodes well for the potential of the deposit," said Wojtek Wodzicki, president and chief executive officer of NGEx Minerals.

LunR Royalties Completes Acquisition of Fruta del Norte Silver Stream, Gets Conditional Approval to Graduate to TSX

LunR Royalties (LUNR.V) has completed the acquisition of a life-of-mine silver stream on the Fruta del Norte mine in exchange for 50.5 million of its common shares issued to Lundin Gold, LunR said late on Thursday.The company has also received conditional approval to list its common shares on the Toronto Stock Exchange and graduate from the TSX Venture Exchange. Final approval of the listing is subject to certain customary requirements of the TSX.Under the agreement, LunR will purchase 100% of the payable silver production from Fruta del Norte until 12.2 million ounces have been delivered; then 50% of payable silver production until an additional 7.8 million ounces have been delivered; then 7.55 of payable silver production for the remaining life of mine.LunR will purchase silver at 10% of the spot price at the time of each delivery for ounces delivered up to the first dropdown threshold. Payments will increase to 20% of the spot price for ounces delivered up to the second dropdown threshold, and thereafter will increase to 30% of the spot price for the remaining life of mine.The stream is effective as of March 1. The first delivery of streamed silver is expected by the end of the second quarter.Lundin Gold has declared a special dividend-in-kind to distribute all of the consideration shares to eligible Lundin Gold shareholders. The consideration shares that would otherwise be distributed to ineligible shareholders will be sold. The shareholders will receive a cash payment equal to the net proceeds of the sale, less applicable taxes.The dividend will be payable on June 11 to Lundin Gold shareholders of record at the close of business on June 4. The cash payment to ineligible shareholders will be payable as soon as reasonably practicable following the sale of consideration shares.

LunR Royalties Announcing AGSM Voting Results Including Shareholder Approval of Fruta del Norte Transaction

NGEx Minerals Reports Latest Results From Lunahuasi Project, Argentina

NGEx Minerals (NGEX.TO) Wednesday announced the latest results of five drill holes from its Lunahuasi project in San Juan, Argentina.The results show the high-grade gold component of the project, with highlights at drillhole DPDH070 including 17.3m at 207.79 grams per tonne (g/t) gold, including 2.00m at 1,740.00 g/t gold, plus 4.88m at 60.10 g/t gold.Another drill hole, DPDH063, intersected 4.88m at 60.10 g/t gold, from 831.50m, including 1.38m at 159.50 g/t gold from 835.00m"Today's news release highlights the high-grade gold component of this remarkable deposit, with two new intersections showing grades comparable to some of the best gold-only deposits worldwide, including a 2 metre sample at 1,740 g/t gold. It is becoming clear that these high-grade gold quartz veins occur throughout the deposit, as shown by the 660m distance between the intersections in holes DPDH063 and DPDH070," chief executive Wojtek Wodzicki said.The company is seeing these veins consistently within the Mars and Saturn zones, but also sees this type of mineralization in areas of sparse drilling outside of the named zones, as with DPDH063, a statement added.NGEx Minerals shares closed up $1.36 to $28.36 on Tuesday on the Toronto Stock Exchange.

NGEx Highlighting Lunahuasi High-Grade Gold with 17.3m at 207.79 g/t Au, Including 2.00m at 1,740.00 g/t Au, plus 4.88m at 60.10 g/t Au

NGEx Reports Wider Q1 Loss; But Phase 4 Lunahuasi Drill Program Continues to Highlight Size, Grade and Upside

NGEx Minerals (NGEX.TO) on Monday reported a widened loss for the first quarter, but said its Phase 4 Lunahuasi drill program achieved campaign objective while it has made board and management changes.For Q1, NGEX reported basic and diluted loss per share C$0.20 versus $0.17 a year earlier.On liquidity and capital resources, as at March 31, 2026, the company had net working capital of $632.2 million, including $106.3 million in cash, an investment in LunR in the form of common shares having a value of $406.6 million, and short-term investments of $142.1 million, compared to net working capital of $436.5 million as at December 31, 2025, which included cash of $192.5 million, an investment in LunR with a value of $174.5 million, and short-term investments of $80.7 million. It said the strong net working capital position provides the company significant flexibility, as it looks ahead to a Phase 5 drill program, the potential development of an exploration adit, and beyond.In an operations update, the company said its Phase 4 drill program at Lunahuasi is now complete, with a total of 27,318 metres drilled in 32 holes. Phase 4 assay results received to date have continued to demonstrate the deposit's scale and high grades, particularly in the Mars and Saturn zones, it added. Final Phase 4 assays, representing approximately 50% of the drilling completed, are expected to be released as received until the third quarter of 2026, it added.Phase 4 drilling has also confirmed and begun to define two new high-grade zones, which reaffirm a key feature of the Lunahuasi system: the occurrence of multiple mineralized zones and multiple overlapping styles of mineralization, the company said.Environmental approval has been received for a proposed exploration adit at Lunahuasi, it noted.The company also announced that Alex Tong has been appointed by the board as Chief Financial Officer to be effective as of June 10, 2026. Tong succeeds Jeff Yip, who has notified the company of his resignation as CFO to take effect on that date.Wojtek Wodzicki, President and CEO, said, "We have now completed our Phase 4 drill program at Lunahuasi, the project's largest campaign to date. The earlier part of the campaign successfully completed short-range definition drilling that expanded and better defined the Saturn, Mars and Jupiter zones, which consist of the high-sulphidation vein mineralization that formed the original discovery. Phase 4 drilling has increased our understanding of each of these individually unique and sizeable high-grade zones, with Saturn and Mars in particular continuing to expand and deliver high-grade intercepts throughout and showing potential for at least three very high-grade cores within broader envelopes of good grade material."The latter portion of the drill program focused on mid-range step-outs to test the potential for discovery of new high-grade zones, and long-range exploration holes to test district scale anomalies. These holes tested the broader potential of Lunahuasi, which is part of a much larger system that may still host new high-grade zones as well as new styles of mineralization in addition to the four already identified. Results to date have confirmed the existence of two new high-grade zones, which share common characteristics with our previously identified zones and will be exciting targets for our next drill program."Final assays will steadily come in over the next few weeks, and our attention will turn to a full analysis of the Phase 4 results, which will guide planning for Phase 5, scheduled to begin in the fourth quarter of 2026. With a robust balance sheet and no shortage of drill targets, we are looking forward to getting started on the exploration adit and having rigs turning again at Lunahuasi after a short austral winter break."Shares in NGEX rose $0.88 or 3.4% to $26.61 on Friday.

NGEx Minerals Provides Phase 4 Drilling Results at Lunahuasi Project in Argentina

NGEx Minerals (NGEX.TO) reported Thursday the results of three drill holes from its phase-four drill program at the Lunahuasi copper-gold-silver project in Argentina.Among highlights, NGEX said it drilled 34 metres at 7.25% CuEq (copper equivalent) plus 48 metres at 7.72% CuEq, 180 metres apart in Mars, while it discovered a new zone 300 metres east Of Mars with 23 metres at 4.72% CuEq."We remain very bullish on the continued exploration upside at Lunahuasi," President and Chief Executive Officer Wojtek Wodzicki said. "With achievement of all our objectives and the onset of winter weather at site, we have now concluded the Phase 4 program and all equipment and personnel are being demobilized. Assays are pending for the last sixteen holes, and we look forward to updating the market with these results as they come in over the coming weeks."With completion of the Phase 4 program, it will begin planning for the Phase 5 program which is planned to start in the third quarter, the company said. In addition to the Phase 5 drilling program, it will be initiating construction of an exploration adit which will provide access for drilling the deposit from underground drill stations enabling the company to "maximize the efficiency of our drill programs and to map the mineralized zones in underground exposures, helping to improve our geological knowledge."Shares in NGEX fell more than 4% in Canada yesterday.

NGEx Adds It Discovered New Zone 300m East of Mars with 23m at 4.72% CuEq

NGEx Says Drilled 34m at 7.25% CuEq plus 48m at 7.72% CuEq, 180m Apart in Mars