DLP Resources Announces Extension of the Preliminary Economic Assessment on the Aurora Copper-Molybdenum-Silver Project to Q2 of 2026

• 2026-03-03: DLP Resources announces extension of the Preliminary Economic Assessment (PEA) for the Aurora Copper-Molybdenum-Silver Project to Q2 2026. The company will evaluate the economic option of mining with both underground and open-pit methods to maximize value. The revised PEA is expected in Q2 2026. 2025 drilling of 4,309 meters supported updates to the Mineral Resource estimate for the PEA. Aurora’s mineral resource contains 4,650 million pounds Cu, 1,110 million pounds Mo, and 80 million ounces Ag, with a copper-rich and a molybdenum-rich zone; mineralization remains open in multiple directions.
• 2026-02-26: Invitation to PDAC 2026 Booth 2745 (IR/marketing activity; not material on fundamentals but supportive for investor exposure).
• 2026-02-04: DLP to present at Precious Metals & Critical Minerals Virtual Investor Conference (Feb 11, 2026); emphasizes Aurora and Esperanza as near-term catalysts; management discussion highlights PEA timing and Esperanza drill potential.
• 2026-01-05: Coincident magnetic anomaly with copper and molybdenum anomalies reported at Esperanza (Southern Peru); aeromagnetic drone survey supports buried porphyry system; next step is permitting a drill program in 2026. CEO commentary underscores the potential and the drill program as a key near-term catalyst.
• 2025-12-11: Intersection results on the Aurora project reported 260.50 m of 1.02% CuEq within a larger 0.55% CuEq interval; maiden resource defined earlier with substantial scale; PEA targeted for Q1 2026, later updated to Q1 2026 in subsequent notes.
• 2025-12-09 to 2025-12-01: Formal governance and IR steps; formation of a Technical Committee and appointment of a Technical Advisor (Joe Phillips) to provide technical oversight; ongoing emphasis on Aurora’s development and PEA timing; PDAC/IR engagements continue.
• 2025-11-13 and 2025-11-26: Additional drill results at Aurora (and Esperanza) show expansive intervals with CuEq in the 0.4–0.6% range and multi-hundred-meter drilling successes; new chairman appointed (Derek White) in April 2025, signaling governance evolution; focus remains on advancing the Aurora maiden resource and PEA.
• 2025-10-22 and earlier: Additional drill results at Aurora; Esperanza reconnaissance and first-pass drill targets; ongoing exploration and potential resource growth.

Overall interpretation: The latest news builds on a multi-year program with Aurora as the flagship asset and Esperanza as a rising exploration target. The PEA extension to Q2 2026 reflects a deliberate approach to optimize both underground and open-pit potential and to incorporate a broader set of technical studies (GRE, Plenge, additional metallurgical testing). The mineral resource for Aurora is substantial and the project appears to be moving toward a formal economic assessment with expanded data inputs. While the PEA timing pushes into mid-2026, the news is largely positive for long-term value due to the potential to optimize a large-scale copper-molybdenum-silver system and to identify additional resources at Esperanza.

• Positive signals:
• PEA extension to Q2 2026 with explicit consideration of dual mining methods (underground + open pit) could unlock higher value if the hybrid model proves technically and economically viable.
• Large maiden Aurora resource (Cu, Mo, Ag) and ongoing extensive drilling (4,309 m in 2025) support potential for resource expansion and improved metallurgical understanding.
• Esperanza survey results (early-stage but favorable) plus planned 2026 drill program indicate multiple near-term catalysts beyond Aurora.
• Governance and IR activities (new Technical Committee, Technical Advisor, chair appointment) improve technical oversight and investor communications.
• Neutral to positive nuances:
• The extension to Q2 2026 represents a timetable shift, which is a common project development risk; it is not a negative or fatal misstep, but it modestly defers the PEA milestone.
• The RoI and project economics depend on successful exploration and a favorable PEA outcome; resource inferences are largely inferred (CuEq and other grades require confirmation in the PEA and subsequent feasibility work).

Overall, the latest release strengthens the narrative of value potential and controls for Aurora, while setting a more robust timeline to publish a credible PEA. Given the scale of the maiden resource and the strategic emphasis on dual mining methods, the news is Materially Positive in context of ongoing development, but qualifies as Routine progress rather than a radical, game-changing surprise.

• Flagship project: Aurora copper-molybdenum-silver project in Peru (Province of Calca, Peru).
• Current stage: Maiden mineral resource completed in early 2025 with a PEA planned; resources are described as copper-rich and molybdenum-rich zones; mineralization open in multiple directions.
• Esperanza: Porphyry copper-molybdenum exploration project in Southern Peru; early-stage with promising magnetic/geo-chemical indicators and planned 2026 drill program.