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Financials’ Strong Week Lifts Them to Within a Whisker of an All-Time High

admin March 3, 2025

Many are watching the disaster in growth stocks unfold, including us at EarningsBeats.com, but the reality is that many other areas of the stock market represent a silver lining. When growth stocks sell off, essentially two things can happen. One, the rest of the stock market sells off as well, indicative of pure market distribution. These types of selloffs can lead to large corrections or even bear markets. The second type of growth stock selloff can be much more bullish in nature, as money simply rotates from very overbought growth stocks to much more reasonably-priced value stocks for a brief period of time. The former represents a necessary departure from current bullish trading strategies. The latter represents a need for patience. I want you to look at last week’s performance by sector and decide if the selling was more like across-the-board distribution or simply bullish rotation like we’ve seen many times over the past 12 years of this secular bull market advance:

7 sectors rose last week while only 4 declined. It was absolutely NOT a case where everything was selling off. It may morph into that type of market environment, but that’s not what we saw last week. Remember, the NASDAQ was down more than 5% last week, before Friday’s rally kicked in. That 5% drop was over and above the huge Friday drop just prior to last week. The cumulative drop on the NASDAQ 100 from its all-time high was 8%, not far from correction territory, which is considered a drop of 10% or more, but less than 20%. Options expiration may have triggered the start of this 8% selloff, but it was unlikely the only reason.

A week ago Friday, there was a turning point in the stock market short-term. Money rotated very heavily, on an intraday basis, away from aggressive areas like consumer discretionary (XLY) and into defensive, value-oriented areas like consumer staples (XLP). Part of this shift can be attributed to monthly options expiration in February as there was a TON of net in-the-money call premium on key stocks like NVDA, META, PLTR, etc. Nonetheless, it was the 10th-highest bearish distribution day (between the XLY and XLP) since the financial crisis bottom in 2009. The other 9 all occurred during either cyclical bear markets or during corrections. Will this 10th occurrence be any different than the previous 9? The takeaway here is that those types of massive distribution days are NOT normal and should give us bulls reason to pause. They don’t occur very often, thankfully.

But let’s get back to that sector rotation last week and take a look at financials (XLF), specifically, which gained 2.82% for the week and closed one penny below its all-time closing high of 52.19. The top-performing industry group within financials was full line insurance ($DJUSIF), which broke out of a lengthy period of consolidation, as you can see below:

Bullish momentum is accelerating, as evidenced by the rising daily PPO. Yes, we’re overbought with an RSI at 74, but overbought can remain overbought for a period of time. This is a bullish continuation pattern (uptrend followed by sideways, or rectangular, consolidation) breakout and, outside of a possible brief pullback, I’d look for higher prices down the road, ultimately reaching a measurement target of 88-89. I’ll be featuring a full line insurance stock in our Monday morning EBD that is in position to benefit from this industry group breakout. If you’re not already a subscriber to our FREE EB Digest newsletter, you can CLICK HERE to subscribe.

Happy trading!

Tom

American West Gearing up for Transformational Year at the Storm Copper Project, Canada

admin March 3, 2025

American West Metals Limited (American West Metals or the Company) (ASX:AW1) is pleased to announce positive findings of the Preliminary Economic Analysis (PEA) for the Storm Copper Project (Storm or the Project) on Somerset Island, Nunavut, Canada.

Positive Preliminary Economic Analysis (PEA) defines Pathway to Production:

Initial production target. Study on a starter operation at Storm based on mining inventory of 10.3Mt @ 1.3% Cu, 3.7g/t Ag delivers 487,000t of copper concentrate at 17.1% Cu, 49g/t Ag
10-year production plan. Initial mine plan covers 10 years of production with scope to increase both the scale of the mining operation and the mine life with potential increases in the Storm Mineral Resource Estimate (MRE)
Attractive financials. Robust economics (estimated based on the assumptions in the base case and assuming no leverage):
- Total revenue – Approx. US$839m
- Post-tax NPV8 – Approx. US$149m
- Post-tax IRR – Approx. 46%
- Payback of Approx. 3 years
Low-cost operation. Very low capex and operating costs of approximately:
- Initial CAPEX – US$47.4m
- Life of mine CAPEX – US$80.3m
- C1 Cost – US$2.63/lb
Enhanced shareholder returns with leverage. Pre-tax IRR of approximately 135% with project development using 100% debt finance. American West is in discussions with a number of parties that are considering proposals to provide off-take finance or other debt solutions for development of Storm
Innovative processing with high ESG credentials. Simple ore-sorting and beneficiation produces a high-quality copper-silver product with zero deleterious elements, chemicals, and tailings
Mine permitting to commence. Mine permitting will now be initiated based on the PEA with potential for a further US$3.5 million to be advanced in the near- term under the Storm royalty arrangement with Taurus Mining Royalty Fund

2025 drilling to accelerate growth of copper resources:

Existing resource is just the beginning. Major drill program planned for 2025 to accelerate the definition of copper resources along the 110km Storm Copper belt
2024 discoveries ready for resource definition drilling. Potential to rapidly increase the MRE through resource definition drilling of new discoveries, including:
- The Gap – a strong EM anomaly confirmed with drilling that returned 20m @ 2.3% Cu from 28m
- Cyclone Deeps – potential continuation of the large Cyclone Deposit at depth with drill intercepts such as 10m @ 1.2% Cu from 311m
- Squall – EM anomaly with drilling confirming high-grade copper of 1.5m @ 2.36 Cu from 181.4m at end of hole
- Hailstorm – chalcocite boulders at surface that returned assays of >50% Cu within a geochemical soil anomaly over 3km²
Regional targets highlight large endowment potential. Pipeline of large-scale exploration targets along the 110km copper belt including:
- Tornado/Blizzard – located 5km east of the Storm copper deposits the area hosts a 3.2km x 1.5km geochemical copper anomaly and two large electromagnetic (EM) plates yet to be drilled
- Tempest – 4km long zone of gossans located 40km south of the Storm MRE with assays from surface samples returning base metal grades up to 38.2% Cu and 30.8% Zn
Geophysics to generate new targets. Large airborne Mobile Magneto-Telluric (MT) survey planned for the Storm MRE area and other areas of interest along the 110km prospective copper horizon
Forward planning for 2025 field season. The sealift operation completed in Q4 2024 delivered bulk supplies to Storm in preparation for the 2025 field season, significantly streamlining logistics to enable a short lead time for start of drilling in 2025 and reducing 2025 costs by circa. $4m

The PEA has outlined a technically robust project and demonstrated that Storm has the potential to become a profitable, long-life mine with strong economic returns for the Company.

The PEA estimates that an open pit mining and mineral processing facility at Storm can be developed with a low initial capital cost of US$47.4m to deliver a project NPV of approximately US$149m and a post-tax IRR of approximately 46%.

Shareholder returns can be substantially enhanced by use of 100% debt to fund development, which boosts the approximate pre-tax IRR to an impressive 135%. American West is in ongoing discussions with a number of parties regarding the potential for off-take or other debt-based financing for the development of Storm.

The PEA is based on the current Storm MRE of 20.6Mt at 1.1% Cu and 3.8g/t Ag which contains 229Kt of copper and 2.2Moz of silver (using a 0.35% Cu cut-off). With less than 5% of the 110km prospective copper horizon at Storm systematically explored with drilling and numerous exploration targets already identified along the copper belt, there is strong potential to add significant copper resources to the Storm MRE. The Company is planning a major exploration program for 2025 to test a pipeline of high-quality copper targets.

American West believes the dual focus of exploration in pursuit of new discoveries while progressing feasibility studies will continue to stamp Storm as an attractive copper development opportunity.

The below key economic metrics of the PEA highlight the competitive cost profile and investment returns (all financial metrics are approximations estimated on the basis of assumptions in the PEA). A copy of the PEA is attached to this ASX Release.

Dave O’Neill, American West’s Managing Director, said:

“Our field work and development studies in 2024 have laid the groundwork for what we believe will be a transformational year for American West.

“The initial economic study is an enormous milestone for the Storm Copper Project. It is exciting to announce a low capital cost pathway to mine development with significant upside to expand the production profile and mine life as our continuing exploration identifies further copper resources.

“Storm is now well positioned to be the next copper mine in Canada, joining other very successful base metal mines in the region such as Polaris (22Mt @ 14.1% Zn, 4% Pb) which operated for 21 Years, and Nanisivik (18Mt @ 9% Zn, 0.7% Pb) which operated for 26 years. We will now initiate the permitting process and progress feasibility study work.

“American West will also continue a strong focus on resource expansion and exploration drilling to fully unlock the resource potential along the prospective 110km copper belt at Storm.

“Exploration in 2024 delivered a pipeline of new discoveries and targets that we will follow-up in 2025. There are several large-scale exploration targets that offer excellent potential for a new discovery – walk-up drill targets that are supported by strong EM plates, gravity anomalies, copper gossans at surface, or high-grade copper confirmed by reconnaissance drilling.

“There is very strong potential to quickly add tonnes to the existing mineral resource estimate. With the scoping study supporting the economic potential of a mining operation at Storm, any increase in the resource is likely to further enhance the potential economics of that mining operation.

“We look forward to updating investors on the 2025 field program as arrangements are finalised.”

Click here for the full ASX Release

This post appeared first on investingnews.com

Mithril Drills 20.5 g/t Gold, 1,833 g/t Silver Over 4.95m

admin March 3, 2025

(TheNewswire)

March 3, 2025 TheNewswire – Drilling at La Soledad, has intercepted multiple high-grade veins as the Target 1 resource update drilling progresses at the Copalquin silver and gold district property in Durango State, Mexico.

HIGHLIGHTS

4.95m @ 20.5 g/t gold, 1,833 g/t silver, from 107m (MTH-ES25-11), including
- 0.55m @ 110 g/t gold, 7,530 g/t silver, from 110m,
0.56m @ 22.8 g/t gold, 1,425 g/t silver, from 130.49m
3.77m @ 1.42 g/t gold, 100.8 g/t silver, from 136.78m, including
- 0.92m @ 4.97 g/t gold, 296.4 g/t silver, from 136.78m

2.55m @ 9.97 g/t gold, 571.8 g/t silver from 112m, (MTH-ES25-10), including
- 1.00m @ 20.7 g/t gold, 1,130 g/t silver from 113m
4.85m @ 1.47 g/t gold, 165.3 g/t silver, from 67.2m including
- 0.80m @ 4.49 g/t gold, 308 g/t silver from 68.0m
- 0.55m @ 2.42 g/t gold, 504 g/t silver from 70.0m

0.25m @ 15.2 g/t gold, 786 g/t silver from 98.25m (MTH-ES25-09),
0.30m @ 5.39 g/t gold, 210 g/t silver from 138m

0.50m @ 13.25 g/t gold, 584 g/t silver from 89.8m (MTH-ES25-08),
7.40m @ 1.59 g/t gold, 64.6 g/t silver from 17.6m, including
- 2.48m @ 3.28 g/t gold, 107.4 g/t silver from 17.6m
1.75m @ 1.29 g/t gold, 41.4g/t silver from 97.0m
In February, a further six drill holes have been completed at La Soledad, with drilling ongoing expanding the footprint and structural knowledge in this silver and gold rich NW trending structure. Considerable strike and depth potential exists in this area.
Addition of a second drill is on schedule with the municipal access road upgrade for completion late March, allowing 35,000m of core drilling in the district throughout 2025 and advancing the next two target areas while developing the large district scale geologic model

Mithril Silver and Gold Limited (‘Mithril’ or ‘the Company’) (MTH:ASX, MSG:TSXV) announces drill results for the Target 1 resource expansion programme at its Copalquin District project, Mexico.

John Skeet, Mithril’s Managing Director and CEO commented:

‘Drilling at La Soledad in the Target 1 area has continued to produce exceptional results for this silver and gold rich multi-level historic mine area. The La Soledad structure is open at depth and to the north-west with the opportunity to locate additional ‘ore shoots’ along strike. The drill program is expanded in the La Soledad area with several additional holes to complete before moving the drill to Refugio West in the Target 1 resource area. Drilling in the Target 1 area will continue until the end of March 2025, the anticipated cut-off date for the resource update drilling. The second drill is scheduled to be on site and commence drilling early April, at the Target 2 area. Progress is on track to complete 35,000 metres of drilling this year, aiming to considerably expand the resource footprint and define the 10 km wide, extensive epithermal silver-gold system in our 70km 2 district.’

COPALQUIN GOLD-SILVER DISTRICT, MEXICO

With 100 historic underground gold-silver mines and workings plus 198 surface workings/pits throughout 70km 2 of mining concession area, Copalquin is an entire mining district with high-grade exploration results and a maiden JORC resource. To date there are several target areas in the district with one already hosting a high-grade gold-silver JORC resource at El Refugio (529koz AuEq @6.81 g/t AuEq) 1 supported by a conceptional underground mining study completed on the maiden resource in early 2022 ( see ASX announcement 01 March 2022 and metallurgical test work (see ASX Announcement 25 February 2022 ). There is considerable strike and depth potential to increase the resource at El Refugio and at other target areas across the district, plus the underlying geologic system that is responsible for the widespread gold-silver mineralisation.

With the district-wide gold and silver occurrences and rapid exploration success, it is clear the Copalquin District is d eveloping into another significant gold-silver district like the many other districts in this prolific Sierra Madre Gold-Silver Trend of Mexico.

Drilling is in progress at the Target 1 drill area where the current maiden resource drilling is scheduled to be completed by end of Q1 2025. Channel sampling work, using a diamond rock saw, has continued adjacent to the Target 1 area and immediately to the south towards the Copalquin creek. Drilling is planned to commence with the second drill rig at the Target 2 area by April 2025.

Click Image To View Full Size

Figure 1 LiDAR identified historic workings across the 70km 2 district. Target 1 area current drilling location, channel sampling area and the high priority drill target areas of Las Brujas-El Peru (Target 2) and La Constancia-El Jabali (Target 3). Several new areas highlighted across the district for follow-up work.

Drill Results Discussion

Drilling at La Soledad , the north-westerly tending structure on the north-eastern side of the Target 1 resource area, has returned excellent intercepts ahead of the planned resource update. Results for drill holes MTH-ES25-08 to MTH-ES25-11 are summarised below. Drilling is continuing at La Soledad where a further seven holes have been completed and four of these dispatched to the assay laboratory.

4.95m @ 20.5 g/t gold, 1,833 g/t silver, from 107m (MTH-ES25-11), including
- 0.55m @ 110 g/t gold, 7,530 g/t silver, from 110m,
0.56m @ 22.8 g/t gold, 1,425 g/t silver, from 130.49m
3.77m @ 1.42 g/t gold, 100.8 g/t silver, from 136.78m, including
- 0.92m @ 4.97 g/t gold, 296.4 g/t silver, from 136.78m

4.85m @ 1.47 g/t gold, 165.3 g/t silver, from 67.2m (MTH-ES25-10), including
- 0.80m @ 4.49 g/t gold, 308 g/t silver from 68.0m
- 0.55m @ 2.42 g/t gold, 504 g/t silver from 70.0m
2.55m @ 9.97 g/t gold, 571.8 g/t silver from 112m, including
- 1.00m @ 20.7 g/t gold, 1,130 g/t silver from 113m

0.25m @ 15.2 g/t gold, 786 g/t silver from 98.25m (MTH-ES25-09), plus
0.30m @ 5.39 g/t gold, 210 g/t silver from 138m

7.40m @ 1.59 g/t gold, 64.6 g/t silver from 17.6m (MTH-ES25-08), including
- 2.48m @ 3.28 g/t gold, 107.4 g/t silver from 17.6m
0.50m @ 13.25 g/t gold, 584 g/t silver from 89.8m
1.75m @ 1.29 g/t gold, 41.4g/t silver from 97.0m

Click Image To View Full Size

At El Cometa on the eastern side of the Target 1, the last two holes completed at resource area returned multiple shallow intercepts. The near surface ( 2 compared with 1.00 g/t AuEq 2 for >100m down hole intercept reporting) reflecting its potential for lower cost mining methods.

El Cometa features a broad mineralised structure with cross cutting structures hosting very high-grade gold and silver, such as reported from drill hole CDH-159 in 2024 ( 33.00m @31.8 g/t gold, 274 g/t silver from surface).

Intercepts for MTH-EC25-06 and MTH-EC25-07 are summarised below and have continued to build on the excellent results from this shallow mineralisation.

1.00m @ 1.56 g/t gold, 58.3 g/t silver from 31.0m (MTH-ES25-07)
1.00m @ 0.72 g/t gold, 29.0 g/t silver from 33.5m
6.00m @ 1.33 g/t gold, 178.6 g/t silver from 95.0m, including
- 1.70m @ 4.07 g/t gold, 588 g/t silver from 98.15m
7.00m @ 1.56 g/t gold, 70.5 g/t silver from 126m, including
- 1.00m @ 8.70 g/t gold, 272 g/t silver from 127m

2.90m @ 0.83 g/t gold, 88.0 g/t silver from 22.6m (MTH-ES25-06)

Click Image To View Full Size

ABOUT THE COPALQUIN GOLD SILVER PROJECT

The Copalquin mining district is located in Durango State, Mexico and covers an entire mining district of 70km 2 containing several dozen historic gold and silver mines and workings, ten of which had notable production. The district is within the Sierra Madre Gold Silver Trend which extends north-south along the western side of Mexico and hosts many world-class gold and silver deposits.

Multiple mineralisation events, young intrusives thought to be system-driving heat sources, widespread alteration together with extensive surface vein exposures and dozens of historic mine workings, identify the Copalquin mining district as a major epithermal centre for Gold and Silver.

Within 15 months of drilling in the Copalquin District, Mithril delivered a maiden JORC mineral resource estimate demonstrating the high-grade gold and silver resource potential for the district. This maiden resource is detailed below (see ASX release 17 November 2021 ) ^ and NI43-101 Technical Report filed on SEDAR+

2,416,000 tonnes 4.80 g/t gold, 141 g/t silver for 373,000 oz gold plus 10,953,000 oz silver (Total 529,000 oz AuEq*) using a cut-off grade of 2.0 g/t AuEq*
28.6% of the resource tonnage is classified as indicated

	Tonnes (kt)	Tonnes (kt)	Gold (g/t)	Silver (g/t)	Gold Eq.* (g/t)	Gold (koz)	Silver (koz)	Gold Eq.* (koz)
El Refugio	Indicated	691	5.43	114.2	7.06	121	2,538	157
	Inferred	1,447	4.63	137.1	6.59	215	6,377	307
La Soledad	Indicated	–	–	–	–	–	–	–
	Inferred	278	4.12	228.2	7.38	37	2,037	66
Total	Indicated	691	5.43	114.2	7.06	121	2,538	157
	Inferred	1,725	4.55	151.7	6.72	252	8,414	372
	TOTAL	2,416	4.80	141	6.81	373	10,953	529

Table 1 – Mineral resource estimate El Refugio – La Soledad using a cut-off grade of 2.0 g/t AuEq*

* The gold equivalent (AuEq.) values are determined from gold and silver values and assume the following: AuEq. = gold equivalent calculated using and gold:silver price ratio of 70:1. That is, 70 g/t silver = 1 g/t gold. The metal prices used to determine the 70:1 ratio are the cumulative average prices for 2021: gold USD1,798.34 and silver: USD25.32 (actual is 71:1) from kitco.com. Metallurgical recoveries are assumed to be approximately equal for both gold and silver at this early stage. Actual metallurgical recoveries from test work to date are 96% and 91% for gold and silver, respectively. In the Company’s opinion there is reasonable potential for both gold and silver to be extracted and sold. Actual metal prices have not been used in resource estimate, only the price ratio for the AuEq reporting. Formula for AuEq. = Au grade +((Ag grade/gold:silver price ratio) x (Ag recovery/Au recovery))

^ The information in this report that relates to Mineral Resources or Ore Reserves is based on information provided in the following ASX announcement: 17 Nov 2021 – MAIDEN JORC RESOURCE 529,000 OUNCES @ 6.81G/T (AuEq * ), which includes the full JORC MRE report, also available on the Mithril Resources Limited Website.

The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.

Mining study and metallurgical test work supports the development of the El Refugio-La Soledad resource with conventional underground mining methods indicated as being appropriate and with high gold-silver recovery to produce metal on-site with conventional processing.

Mithril is currently exploring in the Copalquin District to expand the resource footprint, demonstrating its multi-million-ounce gold and silver potential.

Mithril has an exclusive option to purchase 100% interest in the Copalquin mining concessions by paying US$10M on or any time before 7 August 2026 (option has been extended by 3 years). Mithril has reached an agreement with the vendor for an extension of the payment date by a further 2 years (bringing the payment date to 7 August 2028).

Click Image To View Full Size

Figure 2 – Copalquin District location map, locations of mining and exploration activity and local infrastructure

-ENDS-

Released with the authority of the Board.

For further information contact:

John Skeet

Managing Director and CEO

jskeet@mithrilsilvergold.com

+61 435 766 809

+1 672 962 7112

Mark Flynn

Investor Relations

mflynn@mithrilresources.com.au

+61 416 068 733

Competent Persons Statement – JORC

The information in this announcement that relates to metallurgical test results, mineral processing and project development and study work has been compiled by Mr John Skeet who is Mithril’s CEO and Managing Director. Mr Skeet is a Fellow of the Australasian Institute of Mining and Metallurgy. This is a Recognised Professional Organisation (RPO) under the Joint Ore Reserves Committee (JORC) Code.

Mr Skeet has sufficient experience of relevance to the styles of mineralisation and the types of deposits under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Skeet consents to the inclusion in this report of the matters based on information in the form and context in which it appears. The Australian Securities Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.

The information in this announcement that relates to sampling techniques and data, exploration results and geological interpretation for Mithril’s Mexican project, has been compiled by Mr Ricardo Rodriguez who is Mithril’s Project Manager. Mr Rodriguez is a Member of the Australasian Institute of Mining and Metallurgy. This is a Recognised Professional Organisation (RPO) under the Joint Ore Reserves Committee (JORC) Code.

Mr Rodriguez has sufficient experience of relevance to the styles of mineralisation and the types of deposits under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Rodriguez consents to the inclusion in this report of the matters based on information in the form and context in which it appears.

The information in this announcement that relates to Mineral Resources is reported by Mr Rodney Webster, Principal Geologist at AMC Consultants Pty Ltd (AMC), who is a Member of the Australasian Institute of Mining and Metallurgy. The report was peer reviewed by Andrew Proudman, Principal Consultant at AMC. Mr Webster is acting as the Competent Person, as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, for the reporting of the Mineral Resource estimate. A site visit was carried out by Jose Olmedo a geological consultant with AMC, in September 2021 to observe the drilling, logging, sampling and assay database. Mr Webster consents to the inclusion in this report of the matters based on information in the form and context in which it appears

The Australian Securities Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.

Qualified Persons – NI 43-101

Scientific and technical information in this Report has been reviewed and approved by Mr John Skeet (FAUSIMM, CP) Mithril’s Managing Director and Chief Executive Officer. Mr John Skeet is a qualified person within the meaning of NI 43-101.

Table 2 Mineralised intercepts in reported drillholes above 0.1 g/t AuEq.

(*See ‘About Copalquin Gold Silver Project’ section for JORC MRE details and AuEq. Calculation)

Hole ID	From (m)	To (m)	Length (m)	Sample ID	Gold (g/t)	Silver (g/t)	AuEq*	AgEq*
MTH-EC25-06	3	4	1	799610	0.043	3.9	0.1	6.91
MTH-EC25-06	11	12	1	799619	0.065	3.7	0.12	8.25
MTH-EC25-06	14	15	1	799622	0.069	6.6	0.16	11.43
MTH-EC25-06	16	17	1	799624	0.117	4.6	0.18	12.79
MTH-EC25-06	17	18	1	799626	0.072	2.7	0.11	7.74
MTH-EC25-06	18	19	1	799627	0.048	6.7	0.14	10.06
MTH-EC25-06	19	20	1	799628	0.065	2.3	0.1	6.85
MTH-EC25-06	20	21	1	799629	0.05	4.5	0.11	8
MTH-EC25-06	22	22.6	0.6	799631	0.037	4.9	0.11	7.49
MTH-EC25-06	22.6	23.25	0.65	799632	0.596	30.1	1.03	71.82
MTH-EC25-06	23.25	24	0.75	799633	0.46	36.2	0.98	68.4
MTH-EC25-06	24	25	1	799634	1.365	174	3.85	269.55
MTH-EC25-06	25	25.5	0.5	799635	0.599	68.8	1.58	110.73
MTH-EC25-06	25.5	26	0.5	799636	0.154	10.3	0.3	21.08
MTH-EC25-06	26	26.85	0.85	799637	0.274	14.9	0.49	34.08
MTH-EC25-06	26.85	27.85	1	799638	0.065	5.1	0.14	9.65
MTH-EC25-06	27.85	28.85	1	799639	0.078	11.5	0.24	16.96
MTH-EC25-06	28.85	29.85	1	799641	0.34	27.1	0.73	50.9
MTH-EC25-06	29.85	30.85	1	799642	0.263	12.3	0.44	30.71
MTH-EC25-06	30.85	31.45	0.6	799643	0.068	11.2	0.23	15.96
MTH-EC25-06	31.45	32.1	0.65	799644	0.136	6.3	0.23	15.82
MTH-EC25-06	32.1	32.6	0.5	799645	0.127	6.4	0.22	15.29
MTH-EC25-06	32.6	33.17	0.57	799646	0.094	8.5	0.22	15.08
MTH-EC25-06	33.17	33.81	0.64	799647	0.095	5.8	0.18	12.45
MTH-EC25-06	33.81	34.4	0.59	799648	0.175	16.4	0.41	28.65
MTH-EC25-06	34.4	35	0.6	799649	0.094	6	0.18	12.58
MTH-EC25-07	15	15.55	0.55	799704	0.158	6.2	0.25	17.26
MTH-EC25-07	15.55	16.05	0.5	799705	0.347	4.3	0.41	28.59
MTH-EC25-07	21	21.5	0.5	799711	0.037	7.7	0.15	10.29
MTH-EC25-07	21.5	22	0.5	799712	0.055	25.5	0.42	29.35
MTH-EC25-07	31	32	1	799723	1.56	58.3	2.39	167.5
MTH-EC25-07	33.5	34	0.5	799727	0.332	13.9	0.53	37.14
MTH-EC25-07	34	34.5	0.5	799728	1.11	44.2	1.74	121.9
MTH-EC25-07	36	37	1	799731	0.057	4.8	0.13	8.79
MTH-EC25-07	37	38	1	799732	0.086	3.5	0.14	9.52
MTH-EC25-07	39	39.85	0.85	799734	0.116	4.8	0.18	12.92
MTH-EC25-07	39.85	40.85	1	799735	0.089	4.2	0.15	10.43
MTH-EC25-07	40.85	41.85	1	799736	0.096	5	0.17	11.72
MTH-EC25-07	41.85	42.85	1	799737	0.048	4.3	0.11	7.66
MTH-EC25-07	42.85	43.55	0.7	799738	0.246	11.4	0.41	28.62
MTH-EC25-07	69	69.8	0.8	799745	0.096	4.5	0.16	11.22
MTH-EC25-07	79.2	80	0.8	799746	0.408	15.9	0.64	44.46
MTH-EC25-07	82	82.8	0.8	799749	0.079	6	0.16	11.53
MTH-EC25-07	85.85	86.35	0.5	799751	0.548	1.8	0.57	40.16
MTH-EC25-07	86.35	87	0.65	799752	0.391	13.7	0.59	41.07
MTH-EC25-07	87	87.55	0.55	799753	0.056	4.8	0.12	8.72
MTH-EC25-07	88.6	89.4	0.8	799755	0.444	6	0.53	37.08
MTH-EC25-07	89.4	89.95	0.55	799756	0.1	6.5	0.19	13.5
MTH-EC25-07	89.95	90.7	0.75	799757	0.117	6.7	0.21	14.89
MTH-EC25-07	90.7	91.5	0.8	799758	0.088	5.9	0.17	12.06
MTH-EC25-07	91.5	92	0.5	799759	0.069	2.2	0.10	7.03
MTH-EC25-07	94.5	95	0.5	799763	0.088	2.2	0.12	8.36
MTH-EC25-07	95	95.7	0.7	799764	0.177	6.2	0.27	18.59
MTH-EC25-07	95.7	96.35	0.65	799765	0.888	29.9	1.32	92.06
MTH-EC25-07	97	98.15	1.15	799767	0.131	14.1	0.33	23.27
MTH-EC25-07	98.15	99	0.85	799768	5.54	767	16.50	1154.8
MTH-EC25-07	99	99.85	0.85	799769	2.6	409	8.44	591.00
MTH-EC25-07	99.85	100.35	0.5	799770	0.096	31.4	0.54	38.12
MTH-EC25-07	100.35	101	0.65	799771	0.206	20.9	0.50	35.32
MTH-EC25-07	101	101.8	0.8	799772	0.076	6.8	0.17	12.12
MTH-EC25-07	102.4	103	0.6	799774	0.082	7.3	0.19	13.04
MTH-EC25-07	103	104	1	799776	0.112	12.7	0.29	20.54
MTH-EC25-07	104	104.5	0.5	799777	0.033	6	0.12	8.31
MTH-EC25-07	104.5	105.2	0.7	799778	0.049	10	0.19	13.43
MTH-EC25-07	107	108	1	799781	0.141	7.6	0.25	17.47
MTH-EC25-07	108	109	1	799782	0.086	5.7	0.17	11.72
MTH-EC25-07	109	110	1	799783	0.051	4.8	0.12	8.37
MTH-EC25-07	112.65	113.65	1	799787	0.233	19.5	0.51	35.81
MTH-EC25-07	116.65	117.65	1	799791	0.109	12	0.28	19.63
MTH-EC25-07	125.4	126	0.6	799792	0.133	8.5	0.25	17.81
MTH-EC25-07	126	127	1	799793	0.232	33.3	0.71	49.54
MTH-EC25-07	127	128	1	799794	8.7	272	12.59	881
MTH-EC25-07	128	129	1	799795	0.181	30.6	0.62	43.27
MTH-EC25-07	129	130	1	799796	0.953	91.4	2.26	158.11
MTH-EC25-07	130	131	1	799797	0.178	15	0.39	27.46
MTH-EC25-07	131	132	1	799798	0.261	27.7	0.66	45.97
MTH-EC25-07	132	133	1	799799	0.425	23.8	0.77	53.55
MTH-EC25-07	133	134	1	799802	0.034	6.6	0.13	8.98
MTH-EC25-07	134	135	1	799803	0.075	7.8	0.19	13.05
MTH-EC25-07	135	136	1	799804	0.442	15.2	0.66	46.14
MTH-EC25-07	137	138	1	799806	0.138	5.2	0.21	14.86
MTH-EC25-07	138	139	1	799807	0.083	6.1	0.17	11.91
MTH-EC25-07	139	140	1	799808	0.069	6.8	0.17	11.63
MTH-EC25-07	140	141	1	799809	0.055	4.6	0.12	8.45
MTH-EC25-07	146	147	1	799815	0.499	56.3	1.30	91.23
MTH-EC25-07	148	149	1	799817	0.047	4.6	0.11	7.89
MTH-EC25-07	149	150	1	799818	0.078	8.2	0.20	13.66
MTH-EC25-07	150	150.6	0.6	799819	0.369	20.7	0.66	46.53
MTH-EC25-07	152	153	1	799822	0.219	35	0.72	50.33
MTH-EC25-07	155	156	1	799826	0.262	37.3	0.79	55.64
MTH-EC25-07	184.5	185	0.5	799834	0.065	4.9	0.14	9.45
MTH-EC25-07	189.05	189.65	0.6	799841	0.082	4.2	0.14	9.94
MTH-EC25-07	189.65	190.15	0.5	799842	0.062	5.6	0.14	9.94
MTH-EC25-07	196	196.5	0.5	799849	0.154	7.8	0.27	18.58
MTH-EC25-07	196.5	197.1	0.6	799851	0.375	1.8	0.40	28.05
MTH-EC25-07	199.6	200.1	0.5	799855	0.098	1.8	0.12	8.66
MTH-EC25-07	200.1	201	0.9	799856	0.065	2.7	0.10	7.25
MTH-LS25-08	0	1.5	1.5	799861	0.136	18.2	0.40	27.72
MTH-LS25-08	2	3	1	799863	0.044	10.2	0.19	13.28
MTH-LS25-08	3	4	1	799864	0.069	7.7	0.18	12.53
MTH-LS25-08	4	5	1	799865	0.058	5.8	0.14	9.86
MTH-LS25-08	5	6	1	799866	0.96	15.4	1.18	82.6
MTH-LS25-08	7	8	1	799868	0.089	1	0.10	7.23
MTH-LS25-08	14	15	1	799876	0.479	10.6	0.63	44.13
MTH-LS25-08	16.5	17.6	1.1	799879	0.061	3.5	0.11	7.77
MTH-LS25-08	17.6	18.1	0.5	799881	1.19	51.5	1.93	134.8
MTH-LS25-08	18.1	19	0.9	799882	0.36	62.2	1.25	87.4
MTH-LS25-08	19	20.08	1.08	799883	7.97	171	10.41	728.9
MTH-LS25-08	20.08	21	0.92	799884	0.22	34.9	0.72	50.44
MTH-LS25-08	21	21.5	0.5	799885	0.22	35.9	0.74	51.51
MTH-LS25-08	21.5	22	0.5	799886	1.88	76.7	2.98	208.3
MTH-LS25-08	22	23	1	799887	0.36	46.2	1.02	71.33
MTH-LS25-08	23	24	1	799888	0.26	43.9	0.89	62.31
MTH-LS25-08	24	25	1	799889	0.33	33.4	0.81	56.36
MTH-LS25-08	25	26	1	799890	0.07	4.1	0.13	9.00
MTH-LS25-08	29	30	1	799894	0.037	7	0.14	9.59
MTH-LS25-08	30	31	1	799895	0.027	5.7	0.11	7.59
MTH-LS25-08	39.5	40	0.5	799906	0.055	16.9	0.30	20.75
MTH-LS25-08	40	40.5	0.5	799907	0.345	8.2	0.46	32.35
MTH-LS25-08	41	41.5	0.5	799909	0.629	7.5	0.74	51.53
MTH-LS25-08	42	43	1	799911	0.339	2.4	0.37	26.13
MTH-LS25-08	71	72	1	799916	0.037	4.8	0.11	7.39
MTH-LS25-08	88	89	1	799917	0.332	9.7	0.47	32.94
MTH-LS25-08	89	89.8	0.8	799918	0.033	5.2	0.11	7.51
MTH-LS25-08	89.8	90.3	0.5	799919	13.25	584	18.34	1284
MTH-LS25-08	90.3	91	0.7	799921	0.11	5.7	0.19	13.4
MTH-LS25-08	97	97.75	0.75	799929	0.566	28.1	0.97	67.72
MTH-LS25-08	97.75	98.25	0.5	799930	2.44	58.4	3.27	229.2
MTH-LS25-08	98.25	98.75	0.5	799931	1.23	44.4	1.86	130.5
MTH-LS25-08	98.75	99.75	1	799932	0.121	1.3	0.14	9.77
MTH-LS25-08	105	106	1	799940	0.112	4.5	0.18	12.34
MTH-LS25-08	107.3	108	0.7	799943	0.35	5.2	0.42	29.7
MTH-LS25-08	179.35	179.85	0.5	799982	0.98	3.3	1.03	71.9
MTH-LS25-08	185	186	1	799989	0.26	6.8	0.36	25.00
MTH-LS25-08	187.58	188.15	0.57	799992	0.332	2.3	0.36	25.54
MTH-LS25-09	20	20.74	0.74	800008	0.09	2	0.12	8.23
MTH-LS25-09	20.74	21.67	0.93	800009	0.14	4.3	0.20	13.89
MTH-LS25-09	21.67	22.5	0.83	800010	0.43	2	0.45	31.82
MTH-LS25-09	40	40.6	0.6	800018	0.10	5.4	0.18	12.61
MTH-LS25-09	48.3	48.91	0.61	800022	0.36	35.3	0.87	60.64
MTH-LS25-09	48.91	49.41	0.5	800023	0.25	21.7	0.56	39.41
MTH-LS25-09	88.5	89	0.5	800035	0.56	28.8	0.97	67.65
MTH-LS25-09	98.25	98.5	0.25	800036	15.20	786	26.43	1850
MTH-LS25-09	120.5	121	0.5	800039	0.33	31.7	0.78	54.59
MTH-LS25-09	138	138.3	0.3	800043	5.39	210	8.39	587.3
MTH-LS25-09	196	196.9	0.9	800062	0.19	0.8	0.20	14.24
MTH-LS25-09	196.9	197.45	0.55	800063	0.11	1.1	0.12	8.59
MTH-LS25-09	198	199	1	800065	0.22	0.7	0.23	15.96
MTH-LS25-10	65	66	1	800098	0.042	5.4	0.12	8.34
MTH-LS25-10	66	66.6	0.6	800099	0.079	14.7	0.29	20.23
MTH-LS25-10	66.6	67.2	0.6	800101	0.099	11.7	0.27	18.63
MTH-LS25-10	67.2	68	0.8	800102	0.968	122	2.71	189.76
MTH-LS25-10	68	68.8	0.8	800103	4.49	308	8.89	622.30
MTH-LS25-10	68.8	69.4	0.6	800104	0.106	3.6	0.16	11.02
MTH-LS25-10	69.4	70	0.6	800105	0.299	5.6	0.38	26.53
MTH-LS25-10	70	70.55	0.55	800106	2.42	504	9.62	673.40
MTH-LS25-10	70.55	71.25	0.7	800107	0.127	4	0.18	12.89
MTH-LS25-10	71.25	72.05	0.8	800108	1.39	215	4.46	312.30
MTH-LS25-10	73	74	1	800110	0.27	6.3	0.36	25.20
MTH-LS25-10	75	76	1	800112	0.147	5.9	0.23	16.19
MTH-LS25-10	76	77	1	800113	0.083	5.4	0.16	11.21
MTH-LS25-10	91.5	92.25	0.75	800131	0.083	15.2	0.30	21.01
MTH-LS25-10	98.1	98.8	0.7	800139	0.042	6.3	0.13	9.24
MTH-LS25-10	102	102.55	0.55	800144	0.022	42.7	0.63	44.24
MTH-LS25-10	102.55	103.1	0.55	800145	0.4	17.4	0.65	45.40
MTH-LS25-10	103.1	104	0.9	800146	0.641	27.3	1.03	72.17
MTH-LS25-10	108	108.95	0.95	800152	0.069	37.5	0.60	42.33
MTH-LS25-10	108.95	109.45	0.5	800153	0.043	7.6	0.15	10.61
MTH-LS25-10	110.05	111	0.95	800155	0.132	5.9	0.22	15.14
MTH-LS25-10	111	112	1	800156	0.156	11	0.31	21.92
MTH-LS25-10	112	113	1	800157	0.659	82.2	1.83	128.33
MTH-LS25-10	113	114	1	800158	20.70	1130	36.84	2579.00
MTH-LS25-10	114	114.55	0.55	800159	7.4	447	13.79	965.00
MTH-LS25-10	114.55	115.05	0.5	800161	0.122	10.3	0.27	18.84
MTH-LS25-10	115.05	116	0.95	800162	0.255	17.1	0.50	34.95
MTH-LS25-10	116	117	1	800163	0.108	14.3	0.31	21.86
MTH-LS25-10	124.1	125	0.9	800172	0.027	8.4	0.15	10.29
MTH-LS25-10	127.6	128.1	0.5	800177	1.93	141	3.94	276.10
MTH-LS25-10	128.6	129.2	0.6	800179	1.14	24.3	1.49	104.10
MTH-LS25-10	130	131	1	800181	0.043	8	0.16	11.01
MTH-LS25-10	141.6	142.1	0.5	800193	2.74	123	4.50	314.80
MTH-LS25-10	189.1	190	0.9	800220	0.18	3.3	0.23	15.90
MTH-LS25-10	192.3	192.8	0.5	800224	0.081	2	0.11	7.67
MTH-LS25-11	102.2	103.15	0.95	800281	0.23	22.6	0.55	38.70
MTH-LS25-11	103.15	103.95	0.8	800282	0.109	7.7	0.22	15.33
MTH-LS25-11	105	106	1	800284	0.097	12.1	0.27	18.89
MTH-LS25-11	106	107	1	800285	0.565	27.5	0.96	67.05
MTH-LS25-11	107	108	1	800286	1	27.2	1.39	97.20
MTH-LS25-11	108	108.8	0.8	800287	31.6	4030	89.17	6242.00
MTH-LS25-11	108.8	109.35	0.55	800288	7.15	641	16.31	1141.50
MTH-LS25-11	109.35	110	0.65	800289	8.69	892	21.43	1500.30
MTH-LS25-11	110	110.55	0.55	800290	110	7530	217.57	15230.00
MTH-LS25-11	110.55	111.25	0.7	800291	6.95	1020	21.52	1506.50
MTH-LS25-11	111.25	111.95	0.7	800292	0.505	50.1	1.22	85.45
MTH-LS25-11	111.95	113	1.05	800293	0.359	37.8	0.90	62.93
MTH-LS25-11	129.49	130.49	1	800297	0.251	26.2	0.63	43.77
MTH-LS25-11	130.49	131.05	0.56	800298	22.8	1425	43.16	3021.00
MTH-LS25-11	136.78	137.2	0.42	800306	1.12	88.6	2.39	167.00
MTH-LS25-11	137.2	137.7	0.5	800307	8.21	471	14.94	1045.70
MTH-LS25-11	137.7	138.6	0.9	800308	0.132	11.8	0.30	21.04
MTH-LS25-11	138.6	139.6	1	800309	0.453	38.6	1.00	70.31
MTH-LS25-11	139.6	140.55	0.95	800310	0.212	61.2	1.09	76.04
MTH-LS25-11	140.55	141.15	0.6	800311	0.037	6.9	0.14	9.49
MTH-LS25-11	148	148.45	0.45	800323	0.277	4.6	0.34	23.99
MTH-LS25-11	173	174	1	800330	0.012	7.6	0.12	8.44
MTH-LS25-11	182	182.6	0.6	800336	0.265	14.5	0.47	33.05
MTH-LS25-11	182.6	183.1	0.5	800337	0.069	3.5	0.12	8.33
MTH-LS25-11	191	191.5	0.5	800347	0.064	5.6	0.14	10.08

JORC Code, 2012 Edition – Table 1

Section 1 Sampling Techniques and Data

Criteria	JORC Code explanation	Commentary
Sampling techniques	Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information.	Samples for the Copalquin, Mexico drill programs consist of ½ HQ core cut lengthwise with a diamond saw. Intervals are nominally 1 m but may vary between 1.5 m to 0.5 m based on geologic criteria. Deeper portions of holes from CDH-075 onward consist of ½ NQ core. Sample sizes are tracked by core diameter and sample weights. The same side of the core is always sent to sample (left side of saw). Reported intercepts are calculated as either potentially underground mineable (below 120m below surface) or as potentially open-pit mineable (near surface). Potentially underground mineable intercepts are calculated as length weighted averages of material greater than 1 g/t AuEQ_70 allowing up to 2m of internal dilution. Potentially open-pit mineable intercepts are calculated as length weighted averages of material greater than 0.25 g/t AuEQ_70 allowing for up to 2m of internal dilution. Rock chip sampling is done with hammer and chisel along continuous chip lines oriented perpendicular to the mineralized structure. The samples are as representative as possible.
Drilling techniques	Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc).	Drilling is done with an MP500 man-portable core rig capable of drilling HQ size core to depths of 400 m. Core is recovered in a standard tube. Less than 6% of the total core drilled is NQ size core (as of 2025-03-03).
Drill sample recovery	Method of recording and assessing core and chip sample recoveries and results assessed. Measures taken to maximise sample recovery and ensure representative nature of the samples. Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.	Drill recovery is measured based on measured length of core divided by length of drill run. Recovery in holes CDH-001 through CDH-025 and holes CDH-032 through CDH-077 was always above 90% in the mineralized zones. Detailed core recovery data are maintained in the project database. Holes CDH-026 through CDH-031 had problems with core recovery in highly fractured, clay rich breccia zones. There is no adverse relationship between recovery and grade identified to date.
Logging	Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. The total length and percentage of the relevant intersections logged.	• Core samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. • Core logging is both qualitative or quantitative in nature. Photos are taken of each box of core before samples are cut. Core is wetted to improve visibility of features in the photos. All core has been logged and photographed.
Sub-sampling techniques and sample preparation	If core, whether cut or sawn and whether quarter, half or all core taken. If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. For all sample types, the nature, quality and appropriateness of the sample preparation technique. Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling. Whether sample sizes are appropriate to the grain size of the material being sampled.	• Core is sawn and half core is taken for sample. • Samples are prepared using ALS Minerals Prep-31 crushing, splitting and pulverizing. This is appropriate for the type of deposit being explored. • Visual review to assure that the cut core is ½ of the core is performed to assure representativity of samples. • field duplicate/second-half sampling is undertaken for 3% of all samples to determine representativity of the sample media submitted. Sample sizes are appropriate to the grain size of the material being sampled.
Quality of assay data and laboratory tests	The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established.	• Samples are assayed for gold using ALS Minerals Au-AA25 method a 30 g fire assay with an AA finish. This is considered a total assay technique. Samples are assayed for silver using ALS Minerals ME-ICP61 method. Over limits are assayed by AgOG63 and AgGRAV21. These are considered a total assay technique. Standards, blanks and duplicates are inserted appropriately into the sample stream. External laboratory checks will be conducted as sufficient samples are collected. Levels of accuracy (ie lack of bias) and precision have not yet been established. Soil sampling is also subject to a program of standards and blanks using the X-ray florescence (XRF) analyser. Results are acceptable. Samples were analysed using three wavelengths 50Kv, 40 Kv and 15 Kv for times of 120 seconds, 30 seconds and 30 seconds respectively. Samples with significant amounts of observed visible gold are also assayed by AuSCR21, a screen assay that analyses gold in both the milled pulp and in the residual oversize from pulverization. This has been done for holes CDH-075 and CDH-077.
Verification of sampling and assaying	The verification of significant intersections by either independent or alternative company personnel. The use of twinned holes. Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. Discuss any adjustment to assay data.	• The verification of significant intersections by either independent or alternative company personnel has not been conducted. A re-assay program of pulp duplicates is currently in progress. • The use of twinned holes. No twin holes have been drilled. MTH has drilled one twin hole. Hole CDH-072, reported in the 15/6/2021 announcement, is a twin of holes EC-/002 and UC-03. Results are comparable. • Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols are maintained in the company’s core facility. Assay data have not been adjusted other than applying length weighted averages to reported intercepts.
Location of data points	Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. Specification of the grid system used. Quality and adequacy of topographic control.	• Drill collar coordinates are currently located by handheld GPS. Precise survey of hole locations is planned. Downhole surveys of hole deviation are recorded for all holes. Locations for holes CDH-001 through CDH-048 and CDH-051 through CDH-148 have been surveyed with differential GPS to a sub 10 cm precision. Hole CDH-005 was not surveyed • UTM/UPS WGS 84 zone 13 N High quality topographic control from Photosat covers the entire drill project area.
Data spacing and distribution	Data spacing for reporting of Exploration Results. Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. Whether sample compositing has been applied.	• Data spacing is appropriate for the reporting of Exploration Results. • The Resource estimation re-printed in this announcement was originally released on 16 Nov 2021 No sample compositing has been applied.
Orientation of data in relation to geological structure	Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.	• Cut lines are marked on the core by the geologists to assure that the orientation of sampling achieves unbiased sampling of possible structures. This is reasonably well observed in the core and is appropriate to the deposit type. The relationship between the drilling orientation and the orientation of key mineralised structures is not considered to have introduced a sampling bias.
Sample security	The measures taken to ensure sample security.	Samples are stored in a secure core storage facility until they are shipped off site by small aircraft and delivered directly to ALS Global.
Audits or reviews	The results of any audits or reviews of sampling techniques and data.	A review with spot checks was conducted by AMC in conjunction with the resource estimate published 16 Nov 2021. Results were satisfactory to AMC.

Section 2 Reporting of Exploration Results

Criteria

JORC Code explanation

Commentary

Mineral tenement and land tenure status

Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.
The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.

Concessions at Copalquin

No.	Concession	Concession Title number	Area (Ha)	Location
1	LA SOLEDAD	52033	6	Tamazula, Durango, Mexico
2	EL COMETA	164869	36	Tamazula, Durango, Mexico
3	SAN MANUEL	165451	36	Tamazula, Durango, Mexico
4	COPALQUIN	178014	20	Tamazula, Durango, Mexico
5	EL SOL	236130	6,000	Tamazula, Durango and Badiraguato, Sinaloa, México
6	EL CORRAL	236131	907.3243	Tamazula, Durango and Badiraguato, Sinaloa, México

Exploration done by other parties

Acknowledgment and appraisal of exploration by other parties.

Previous exploration by Bell Coast Capital Corp. and UC Resources was done in the late 1990’s and in 2005 – 2007. Work done by these companies is historic and non-JORC compliant. Mithril uses these historic data only as a general guide and will not incorporate work done by these companies in resource modelling.
Work done by the Mexican government and by IMMSA and will be used for modelling of historic mine workings which are now inaccessible (void model)

Geology

Deposit type, geological setting and style of mineralisation.

Copalquin is a low sulfidation epithermal gold-silver deposit hosted in andesite. This deposit type is common in the Sierra Madre Occidental of Mexico and is characterized by quartz veins and stockworks surrounded by haloes of argillic (illite/smectite) alteration. Veins have formed as both low-angle semi-continuous lenses parallel to the contact between granodiorite and andesite and as tabular veins in high-angle normal faults. Vein and breccia thickness has been observed up to 30 meters wide with average widths on the order of 3 to 5 meters. The overall strike length of the semi-continuous mineralized zone from El Gallo to Refugio, Cometa, Los Pinos, Los Reyes, La Montura to Constancia is almost 6 kilometres. The southern area from Apomal to San Manuel and to Las Brujas-El Peru provides additional exploration potential up to 5km.

Drill hole Information

A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes:
easting and northing of the drill hole collar
• elevation or RL (Reduced Level – elevation above
sea level in metres) of the drill hole collar
dip and azimuth of the hole
down hole length and interception depth
hole length.
If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.

Drillhole	Easting	Northing	Elevation	Azimuth	Dip	Final Depth
CDH-167	289607	2823791	1176	240	75	357
MTH-EC24-01	289612	2823837	1155	250	50	291
MTH-EC24-02	289662	2823808	1152	250	50	258
MTH-EC24-03	289594	2823842	1145	250	50	330
MTH-EC24-04	289619	2823766	1168	330	50	240
MTH-EC24-05	289603	2823896	1148	250	50	381
MTH-EC25-06	289612	2823805	1174	145	50	207
MTH-EC25-07	289506	2823824	1186	248	70	210
MTH-LS25-08	289615	2824074	1155	210	60	201
MTH-LS25-09	289570	2824106	1181	210	60	210
MTH-LS25-10	289643	2824122	1148	210	60	210
MTH-LS25-11	289594	2824196	1111	225	67	222
MTH-LS25-12	289665	2824157	1114	210	72	201
MTH-LS25-13	289622	2824214	1093	210	60	210
MTH-LS25-14	289692	2824202	1073	210	60	219
MTH-LS25-15	289536	2824254	1155	210	65	339
MTH-LS25-16	289565	2824286	1162	210	58	342
MTH-LS25-17	289565	2824286	1162	210	75	402
MTH-LS25-18	289565	2824286	1162	225	63	448.5
MTH-LS25-19	289638	2824289	1116	210	70	In Progress

Data aggregation methods

In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated.
Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.
The assumptions used for any reporting of metal equivalent values should be clearly stated.

Intercepts are reported for all intercepts greater than or equal to 1 g/t AuEQ_70 using a 70:1 Silver to gold price ratio. No upper cut-off is applied to reporting intercepts.
Length weighted averaging is used to report intercepts. The example of CDH-002 is shown. The line of zero assays is a standard which was removed from reporting.

Au raw	Ag raw	Length (m)	Au *length	Ag *length
7.51	678	0.5	3.755	339
11.85	425	0.55	6.5175	233.75
0	0	0	0	0
0.306	16	1	0.306	16
0.364	31.7	1	0.364	31.7
3.15	241	0.5	1.575	120.5
10.7	709	0.5	5.35	354.5
15.6	773	0.5	7.8	386.5
					From	To	Length	Au gpt	Ag gpt
		4.55	25.6675	1481.95	91.95	96.5	4.55	5.64	325.70

Metal equivalent grades are reported using a 70:1 silver to gold price ratio. This ratio is based on the gold and silver prices reported on kitco.com as of 11 July 2021 (actual ratio at that date 69.3:1)

Relationship between mineralisation widths and intercept lengths

These relationships are particularly important in the reporting of Exploration Results.
If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.
If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg ‘down hole length, true width not known’).

True widths at Refugio between sections 120 and 1,000 vary according to the hole’s dip. Holes drilled at -50 degrees may be considered to have intercept lengths equal to true-widths, Holes drilled at -70 degrees have true widths approximately 92% of the reported intercept lengths and holes drilled at -90 degrees have true widths of 77% of the reported intercept lengths.
True widths are not known at La Soledad and downhole intercepts are reported.

Diagrams

Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported. These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.

See figures in announcement

Balanced reporting

Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.

All exploration results are reported.

Other substantive exploration data

Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.

No additional exploration data are substantive at this time.
Metallurgical test work on drill core composite made of crushed drill core from the El Refugio drill hole samples has been conducted.
The samples used for the test work are representative of the material that makes up the majority of the Maiden Resource Estimate for El Refugio release on 17 th November 2021.
The test work was conducted by SGS laboratory Mexico using standard reagents and test equipment.

Further work

The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling).
Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.

Exploration results from the Copalquin District reporting in this release.

1 See ‘About Copalquin Gold Silver Project’ section for JORC MRE details and AuEq. calculation.

2 See ‘About Copalquin Gold Silver Project’ section for JORC MRE details and AuEq. calculation.

News Provided by TheNewsWire via QuoteMedia

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Could Bitcoin Reach $200000? Market & Expert Insights

admin March 3, 2025

Bitcoin attracts bold predictions. Recent forecasts show that this top cryptocurrency may soon hit Bitcoin Reach $200000. Many trusted sources, including Yahoo Finance, CoinDesk, Bloomberg, and CNBC, have reported this forecast. This public news reflects rising optimism among market experts amid changing economic conditions.

Market Sentiment and Economic Drivers

Many analysts believe that economic uncertainty and rising prices create a strong chance for Bitcoin to serve as a safe asset. Investors now see Bitcoin as a reliable store of value. They shift funds to cryptocurrencies when they lose trust in traditional assets. In addition, new regulations in key markets push both large and small investors to spread their money across various assets.

Technical Analysis and Price Trends

Technical data supports a potential price surge. Long-term charts show an upward trend, while short-term drops offer good buying points. Trading volumes and network activity grow each day. Experts point to a limited supply and high demand as key reasons that Bitcoin Reach $200000 upto.

Investor Implications and Risk Management

Investors must stay alert in this volatile market. They should manage risk by diversifying their portfolios. Many experts advise reviewing holdings and allocating funds wisely. They also recommend keeping up with the latest market news and technical signals to guide decisions.

Conclusion

This forecast that Bitcoin may reach $200,000 comes from strong market sentiment, positive technical trends, and a unique economic climate. However, investors face a volatile market that demands caution. Experts urge both individual and institutional investors to monitor these trends closely and prepare for various market moves.

While reaching $200,000 is not guaranteed, this forecast offers valuable insight into the ever-changing crypto market. It shows that the market can shift quickly and that informed decisions are key. Investors should act wisely and stay updated on news and trends. By doing so, they can protect their investments and uncover new opportunities in the fast-paced world of cryptocurrencies.

The post Could Bitcoin Reach $200000? Market & Expert Insights appeared first on FinanceBrokerage.

Musk says he’s sending Starlink tech to FAA while asserting, without evidence, that air safety is at risk

admin March 3, 2025

Elon Musk said Thursday that he’s sending his Starlink satellite internet terminals to the Federal Aviation Administration while saying, without providing evidence, that current technology poses a risk to air travel safety.

The billionaire and top advisor to President Donald Trump, who has been tasked with cutting costs throughout the federal government, posted the claims on his social media platform, X.

Executives at major airlines told CNBC on Thursday that they do not see risks to air travel safety because of the FAA’s technology.

The FAA, which regulates Musk’s company SpaceX, didn’t immediately comment but earlier this week said it has been testing Starlink technology in Atlantic City, New Jersey, and in Alaska. The White House referred a request for comment to the FAA.

The FAA “has been considering the use of Starlink since the prior administration to increase reliability at remote sites, including in Alaska,” the agency said Monday. “This week, the FAA is testing one terminal at its facility in Atlantic City and two terminals at non-safety critical sites in Alaska.”

The Washington Post reported on Wednesday that the FAA is close to canceling a contract with Verizon for new communication technology for air traffic control and giving it instead to Musk’s Starlink.

Musk said Thursday on X: a “Verizon communication system to air traffic control is breaking down very rapidly.” Verizon said in a statement that “the FAA systems currently in place are run by L3Harris and not Verizon.” He later corrected himself and said that L3Harris is responsible for the “rapidly declining” system.

L3Harris didn’t immediately return request for comment.

Verizon said it is working on replacing older air traffic control technology.

“Our Company is working on building the next generation system for the FAA which will support the Agency’s mission for safe and secure air travel,” Verizon said in its statement. “We are at the beginning of a multi-year contract to replace antiquated, legacy systems. Our teams have been working with the FAA’s technology teams and our solution stands ready to be deployed. We continue to partner with the FAA on achieving its modernization objectives.”

Musk didn’t immediately respond to a request for comment.

Some Democrat lawmakers have raised concerns about Musk’s role in the Trump administration while also potentially working to provide technology to one of his regulators.

“While I support efforts to modernize our air traffic control system and improve aviation safety, this decision raises conflicts-of-interest concerns, given Elon Musk’s dual position as Chief Executive Officer of SpaceX and wide-ranging role in the Trump administration,” wrote Sen. Ed Markey, D-Mass., to Chris Rocheleau, acting head of the FAA, on Wednesday.

Others have raised alarms after the Trump administration laid off hundreds of FAA employees, though they do not include air traffic controllers.

“At a minimum, we need to know why this sudden reduction was necessary, what type of work these employees were doing, and what kind of analysis FAA conducted — if any — to ensure this would not adversely impact safety, increase flight delays or harm FAA operations,” Sen. Tammy Duckworth, D-Ill., wrote to Rocheleau on Feb. 19.

The FAA has said it has retained staff “who perform safety critical functions. The FAA does not comment on ongoing certification work.”

Airlines for years have pushed for air traffic modernization. Carriers have long complained about how older systems have not kept up with the industry’s needs, leading to flight delays that cost both passengers and carriers. Air travel demand hit records after the pandemic.

“Carriers have made remarkable changes and significant investments in technologies, operations, product and people,” Airlines for America, which represents major U.S. carriers, said Thursday. “The government needs to do the same in an organized and timely way.”

Musk’s comments on air safety failures, which didn’t include evidence, come after last month’s fatal collision between an American Airlines regional jet and an Army Black Hawk helicopter, killing all 67 people on board the two aircraft. It ended an unprecedented period of air travel safety in the U.S., marking the first fatal passenger airline crash in the country since 2009 and the deadliest since 2001.

Last week, more than a dozen aviation industry groups and labor unions, urged lawmakers to approve “emergency funding” for air traffic control modernization and staffing.

This post appeared first on NBC NEWS

Growth Stocks Tumbling; Where to Find Safe Havens Now!

admin March 2, 2025

Growth stocks just took a sharp hit—what does it mean for the market? In this video, Mary Ellen breaks down the impact, reveals why NVDA could soar higher, and highlights safer stocks with strong upside potential!

This video originally premiered February 28, 2025. You can watch it on our dedicated page for Mary Ellen’s videos.

New videos from Mary Ellen premiere weekly on Fridays. You can view all previously recorded episodes at this link.

If you’re looking for stocks to invest in, be sure to check ou t the MEM Edge Report! This report gives you detailed information on the top sectors, industries and stocks so you can make informed investment decisions.

Crypto Market Recap: House Democrats to Launch Meme Coin Act

admin March 2, 2025

Here’s a quick recap of the crypto landscape for Friday (February 28) as of 9:00 p.m. UTC.

Bitcoin and Ethereum price update

Bitcoin (BTC) is currently trading at US$84,278.24, reflecting an increase of 1 percent over the past 24 hours. The day’s trading range has seen a high of US$84,851.28 and a low of US$81,015.49.

Ryan Lee, chief analyst at Bitget Research, told Cointelegraph that Bitcoin could fall further, “nearing $75,000 as a key support level based on historical patterns and trader sentiment.”

Ethereum (ETH) is priced at US$2,213.28, a loss of 1.5 percent over the same period.

The cryptocurrency reached an intraday high of US$2,238.75 and a low of US$2,138.62. According to crypto intelligence platform Lookonchain, hackers who made off with US$1.4 billion worth of crypto from decentralized exchange Bybit had laundered over US$605 million worth of Ether as of Thursday (February 27) evening.

Altcoin price update

XRP is trading at US$2.14, reflecting a 0.8 percent decrease over the past 24 hours. The cryptocurrency recorded an intraday high of US$2.16 and a low of US$2.70.

Sui (SUI) is priced at US$2.82, showing a 1.6 percent increase over the past 24 hours. It achieved a daily high of US$2.83 and a low of US$2.52.

Cardano (ADA) is trading at US$0.6306. The last 24 hours have shown no net change. Its highest price on Friday was US$0.6368, with a low of US$0.6123.

Crypto news to know

House Democrats to launch meme coin act

House Democrats are preparing to introduce the Modern Emoluments and Malfeasance Enforcement (MEME) Act, which prohibits public officials from profiting from, endorsing, issuing or promoting any digital assets.

California Representative Sam Liccardo shared his party’s intent to address concerns surrounding meme coins and potential conflicts of interest with ABC News on Thursday.

“Let’s make corruption criminal again,” said Liccardo, a former federal and local criminal prosecutor.

“The Trumps’ issuance of meme coins financially exploits the public for personal gain, and raises the specter of insider trading and foreign influence over the Executive Branch,’ he added.

The MEME Act seeks to establish clear guidelines for public officials regarding digital assets. In other regulatory developments, the US Securities and Exchange Commission (SEC) determined on Thursday that meme coins are not securities. Therefore, traders are not required to register their transactions with the commission.

However, Commissioner Caroline Crenshaw warned that the commission’s vague definition of meme coins could be exploited to potentially circumvent securities regulations.

SEC postpones ruling on Ether ETF options

The SEC has opted to delay its ruling on whether or not to allow Ether exchange-traded fund (ETF) options to be listed on the Cboe. According to a Friday filing, the SEC has extended the deadline to make a final decision until May 2.

The Cboe is seeking to list options on the Fidelity Ethereum Fund (CBOE:FETH), initially filing its request in August 2024. This is the second time the SEC has delayed its decision, having extended its deadline for the first time in October.

On February 7, the agency also delayed its decision to allow options tied to BlackRock’s iShares Ethereum ETF (NASDSAQ:ETHA) to be listed on the Nasdaq ISE, giving itself until April 9.

BlackRock includes iShares Bitcoin Trust in model offerings

BlackRock, a leading global investment firm, has incorporated its Bitcoin ETF, the iShares Bitcoin Trust (NASDAQ:IBIT), into its model portfolio offerings. “We believe Bitcoin has long-term investment merit and can potentially provide unique and additive sources of diversification to portfolios,” Michael Gates, lead portfolio manager for BlackRock’s Target Allocation ETF model portfolio suite, wrote on Thursday in a note obtained by Bloomberg.

The decision signals growing acceptance among financial advisors to consider Bitcoin as a component of diversified investment strategies. However, BlackRock will limit Bitcoin’s representation within these portfolios to a range of 1 to 2 percent, perhaps acknowledging Bitcoin’s characteristic price volatility, which was on full display this week.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Tech 5: Apple to Invest US$500 Billion in American Facilities, OpenAI Launches GPT-4.5

admin March 2, 2025

Market volatility was on full display this week, beginning with a sharp selloff on Monday (February 24) and exacerbated by a rollout of downbeat economic data, including a weak consumer sentiment report.

Those feelings were echoed in the findings of a Harris Poll conducted for Bloomberg News, which found that nearly 60 percent of US adults expect higher prices in 2025 if President Donald Trump’s policies are enacted.

Rising US jobless claims and fluctuating Personal Consumption Expenditures price index data on Thursday (February 27), coupled with Friday (February 28) numbers showing US consumer spending fell in January and a tense meeting between Trump and Ukrainian President Volodymyr Zelenskyy, intensified economic concerns.

The tech and crypto markets felt the impact of this uncertainty, with Bitcoin ultimately dropping below US$78,400 on Thursday night, over 20 percent lower than its price near US$100,000 seen last week.

All Mag 7 stocks moved down on Tuesday (February 25) after the consumer sentiment report, with Tesla (NASDAQ:TSLA) leading the descent. Its market cap dipped below US$1 trillion after January data from the European Automobile Manufacturers’ Association showed 45 percent fewer Tesla registrations year-on-year. The carmaker ended the week down 13.24 percent. NVIDIA (NASDAQ:NVDA) and Palantir (NASDAQ:PLTR) also lost over 10 percent this week.

Amid these fluctuating market dynamics, Vinod Khosla, founder of Khosla Ventures, urged attendees at the Information’s AI Agenda Live conference in San Francisco to be selective when looking for artificial intelligence (AI) opportunities.

“Most investments in AI will lose money, but a few high-return outliers will offset the losses,” he said. “Right now, we’re in the greed cycle of investing because people see the momentum that’s been established in the market caps.”

With that, here’s a look at other key events that made tech headlines this week.

1. Spotlight on Cohere and NVIDIA’s AI advances

Software startup Cohere is making waves in the international AI market.

A Monday report from the Information reveals that the Canadian AI company, which develops large language models (LLMs), surpassed US$70 million in annualized revenue, a three-fold increase compared to last year.

In July 2024, the company was valued at US$5.5 billion. In January, it launched North, an “all-in-one secure AI workspace platform” that combines LLMs, advanced search and automation tools to help enterprises enable automation and streamline efficiency. Roughly 25 percent of its revenue growth is reportedly from international markets.

Such a drastic increase in revenue may not come as a surprise given Cohere’s strong backing by industry heavyweights like Salesforce (NYSE:CRM), Cisco Systems (NASDAQ:CSCO), Advanced Micro Devices (NASDAQ:AMD) and NVIDIA. The company’s professional relationships have been instrumental to its growth. Cohere’s Command R model was integrated into NVIDIA’s API catalog last year. Cohere has also secured a partnership with CoreWeave to build data centers in Canada, with the financial backing of the Canadian government and hardware supplied by NVIDIA.

NVIDIA itself released its latest quarterly results on Wednesday (February 26), reporting earnings per share of US$0.89, surpassing analysts’ estimates of US$0.85. It is projecting revenue of US$43 billion for the coming quarter.

Despite a slight dip in share price the day before its results came out, perhaps driven by potential restrictions on sales of its graphic processing units to China, the market reacted positively to NVIDIA’s performance. The company’s share price closed at US$131.28 on Wednesday, climbing to US$135.67 in after-hours trading. NVIDIA closed the week at US$124.92 per share, down 8.52 percent from Monday’s opening price.

2. Apple announces US investment and manufacturing plans

Apple (NASDAQ:APPL) started the week by announcing a US$500 billion investment in the US over the course of next four years. The company’s commitment includes a new manufacturing academy in Michigan, accelerated research and development efforts and a new 250,000 square foot manufacturing plant in Houston.

“The servers that will soon be assembled in Houston play a key role in powering Apple Intelligence, and are the foundation of Private Cloud Compute, which combines powerful AI processing with the most advanced security architecture ever deployed at scale for AI cloud computing,” the company wrote in a press release.

The center, which the company says will employ 20,000 workers, is slated to begin operations in 2026.

Trump recently revealed Apple’s intention to shift manufacturing from Mexico to the US after a meeting with CEO Tim Cook, preempting the company’s official announcement.

“He’s going to start building,” Trump told governors at the White House on February 21. “Very big numbers — you have to speak to him. I assume they’re going to announce it at some point.”

In a separate development, Apple finalized an investment agreement with Indonesia on Thursday, ending a five month deadlock that prevented iPhone 16 sales in the country. The agreement includes the construction of an AirTag manufacturing facility on Batam Island and another plant in Bandung, West Java.

3. OpenAI’s GPT-4.5 unveiled alongside BNY Mellon collaboration

BNY Mellon, America’s oldest bank, announced a multi-year partnership with OpenAI on Wednesday.

The agreement will give BNY Mellon access to OpenAI’s advanced AI tools, including Deep Research and its most advanced reasoning models. These tools will enhance BNY Mellon’s internal AI platform, Eliza. OpenAI aims to gain valuable insights into the real-world performance of its models for complex tasks through this collaboration.

This focus on advanced reasoning models is a key aspect of OpenAI’s broader strategy, even as it explores different facets of AI with its latest release, GPT-4.5, on Thursday. GPT-4.5 is the latest iteration of its language model, ChatGPT.

GPT-4.5 employs “unsupervised learning,” a type of machine learning where algorithms analyze and find patterns in unlabeled data. According to OpenAI’s CEO Sam Altman, the model exhibits greater emotional intelligence and is less likely to hallucinate than past models. “It is the first model that feels like talking to a thoughtful person to me,” Altman posted on X on Thursday afternoon following a press release. “(I) have had several moments where I’ve sat back in my chair and been astonished at getting actually good advice from an AI.”

Altman also explained that the model’s size and complexity demand substantial computational resources, delaying the release of the ‘plus’ tier until after “tens of thousands of GPUs” are added next week.

In addition, he clarified that GPT-4.5 is not a reasoning model and “won’t crush any benchmarks. (I)t’s a different kind of intelligence and there’s a magic to it (I) haven’t felt before.” In essence, GPT-4.5 represents advancement towards more intuitive AI capable of adaptable, meaningful and natural conversations.

4. CoreWeave eyes US$35 billion valuation in upcoming IPO

Cloud computing provider CoreWeave is reportedly considering an initial public offering (IPO) in the US. The official announcement could come within a week, according to sources for Bloomberg, who said the details of the plan are still being decided. Company representatives did not respond to Bloomberg’s request for a statement.

Bloomberg also reported on rumors of a CoreWeave IPO in November, with sources at the time saying executives had chosen prominent investors Morgan Stanley (NYSE:MS), Goldman Sachs (NYSE:GS) and JPMorgan Chase (NYSE:JPM) to lead. The company secured US$23 billion from Cisco Systems in October 2024.

CoreWeave is now seeking US$4 billion, targeting a valuation of at least US$35 billion.

5. Reports show Meta to build new AI data center

Meta Platforms (NASDAQ:META) is reportedly in talks to build a new data center campus to power its ambitious AI projects, valued at approximately US$200 billion. Sources familiar with the matter revealed to the Information that Meta executives are actively exploring potential sites in Louisiana, Wyoming and Texas.

However, a Meta spokesperson refuted these reports, reasserting the company’s previously disclosed capital expenditure and data center plans, confirming that those plans have been finalized.

In related news, CNBC reported on Thursday that Meta is preparing to launch a standalone app dedicated to its chatbot, Meta AI. This move would allow users to engage with and use the AI chatbot on a separate platform from the company’s other social media and messaging apps.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

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Could Bitcoin Reach $200000? Market & Expert Insights

admin March 2, 2025

Bitcoin attracts bold predictions. Recent forecasts show that this top cryptocurrency may soon hit Bitcoin Reach $200000. Many trusted sources, including Yahoo Finance, CoinDesk, Bloomberg, and CNBC, have reported this forecast. This public news reflects rising optimism among market experts amid changing economic conditions.