DPM Metals Extends Chelopech Mine Life to 2036 with Updated Resource and Reserve Estimates
DPM Metals Inc. has announced an updated mineral resource and reserve estimate for its Chelopech mine in Bulgaria, extending its operational life to 2036. Proven and probable mineral reserves increased to 23.2 million tonnes, a 42% rise in tonnage, with gold content up 12% and copper content up 10%. The mine is projected to sustain average production of 160,000 gold equivalent ounces per year, totaling 1.2 million ounces of gold over its life. The update includes the Sharlo Dere prospect and anticipates further exploration drilling results from the Wedge Zone Deep target.
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DPM Metals Inc. has updated its mineral resource and reserve estimate for the Chelopech mine in Bulgaria, extending its operational life to 2036. Proven and probable mineral reserves are now 23.2 million tonnes, a 42% increase in tonnage, with gold and copper content rising by 12% and 10%, respectively.
The mine is set to sustain production at 160,000 gold equivalent ounces annually. The resource base, now totaling 15.3 million tonnes, supports this production level and includes the Sharlo Dere prospect. Further drilling at the Wedge Zone Deep target is planned for 2026, alongside efforts to acquire the Chelopech North concession and convert the Brevene exploration license to a commercial discovery.
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