What's Happening?
Fortuna Mining Corp. has announced a 53% increase in indicated mineral resources at the Diamba Sud Gold Project in Senegal. The updated resource estimate includes 14.2 million tons grading 1.59 g/t gold, containing 724,000 ounces. The company is preparing a Preliminary Economic Assessment (PEA) for completion in the fourth quarter of 2025.
Why It's Important?
The significant increase in gold resources enhances Fortuna Mining's potential for economic growth and development in the region. This expansion could attract investment and boost the company's market position. The PEA will provide insights into the project's viability and future profitability, impacting stakeholders and investors.
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What's Next?
Fortuna Mining will continue to develop the Diamba Sud project, with the PEA expected to guide future investment and operational decisions. The company may explore further drilling and resource expansion to maximize the project's potential.
