DLP Resources Provides Update on Esperanza Drill Program

DLP Resources Inc. (DLP) has temporarily paused its maiden diamond drill program at the Esperanza copper-gold-molybdenum project in southern Peru. The halt is due to matters regarding the project's authorization with Peruvian authorities. Management is engaging legal and technical advisors to resolve the issues and intends to recommence drilling as soon as practicable. The company explicitly states there is no reason to believe the authorization matters cannot be resolved. The release also reiterates context on the Aurora project, referencing a Preliminary Economic Assessment (PEA) completed in September 2026.

DLP Resources Inc. (DLP) is experiencing a pause in its drilling operations, a delay attributed to standard regulatory procedures rather than a fundamental project failure. Permitting and authorization challenges are common in Peru, particularly for maiden programs on large land packages. Permits were initially received on September 10, 2026, and drilling commenced on September 20, 2026, suggesting the current hold is procedural or administrative rather than a substantive rejection.

The Aurora Pre-Feasibility Study (PEA) remains intact, providing a financial foundation with a net present value at an 8% discount rate (NPV8%) of $2,703 million and an internal rate of return (IRR) of 18.5%. While the delay impacts near-term exploration progress and assay releases, it does not alter the long-term development thesis or the economic viability of the Aurora project.

DLP Resources Inc. (DLP) is an exploration-stage junior focused on copper-molybdenum-silver projects in Peru and British Columbia. The company’s Aurora Project is 100%-owned and covers 12,500 hectares, hosting a 1.05-billion-tonne inferred resource. A preliminary economic assessment (PEA) completed in September 2026 outlines a 17.5-year mine life with an after-tax NPV8% of $2,703 million and an internal rate of return (IRR) of 18.5%. The plan features a hybrid open-pit and underground block-cave mining strategy targeting 90.5M lbs/year of copper and 37.4M lbs/year of molybdenum.

The company also owns the Esperanza Project, a 100%-owned asset covering 22,500 hectares located 35 km from Freeport-McMoRan's Cerro Verde mine. The site features a 5.0 km x 2.5 km magnetic anomaly, with high-grade surface trenching returning up to 1.53% Cu and rock chip sampling yielding up to 550 g/t Ag and 4.55% Cu. Maiden drilling was designed to test near-surface oxides and a deep porphyry core.