Morning Briefing: Liberty Gold Publishes Black Pine's Feasibility Study

Good morning and welcome back to the Mining Stock Daily morning briefing.

It's Tuesday, September 8th.

Copper is the standout this morning — up 2.19% to $6.74 a pound and pressing near record levels. Gold is slipping slightly to $4,399 an ounce, off 0.14%, while silver is essentially flat at $66.10.

Brent crude is pushing back toward $100 a barrel, up 1.64% to $98.76, after Saudi Arabia confirmed that attacks on energy facilities in the kingdom's south have halted operations at several sites. Energy and commodities markets are on alert as the situation develops.

Canada has raised the import tax on U.S. steel items to 50% from 25% and applied new tariffs to consumer goods including motorcycles, cosmetics and cheese, escalating a trade dispute that risks disrupting North American supply chains.

We will get to the news from the miners and explorers in a moment, but first a mention of today's sponsor:

Today's episode of Mining Stock Daily is brought to you by…Vizsla Silver.

Vizsla Silver is advancing the 100%-owned Panuco silver-gold project in Sinaloa, Mexico — one of the world's highest-grade undeveloped silver projects in the world. The project is backed by US$300 million in convertible notes and a US$220 million project finance mandate with Macquarie Bank. Vizsla Silver trades on the TSX and on the NYSE both under the symbol VZLA.

Here’s what you need to know today. 

Liberty Gold has released a Feasibility Study for its 100%-owned Black Pine Oxide Gold Project in southern Idaho. The study highlights a 16-year, run-of-mine heap-leach operation requiring no crushing, with Probable Reserves of 4.04 million ounces, initial capital of $411 million, and 202,000 ounces of gold per year in Years 1-5 at AISC of $1,566 an ounce. At the $3,250 base-case gold price, the project generates an after-tax NPV of $2.4 billion at a 60% IRR with a 2-year payback on capital — climbing to a $4.3 billion NPV at the current gold price environment. Liberty Gold trades on the TSX as LGD and on the OTCQX as LGDTF. NEWS RELEASE

Marimaca Copper has reported hole SPRD-15 at the Pampa Medina project in northern Chile, intersecting 216 metres at 1.0% copper and 7.2 grams per tonne silver, including 62 metres at 2.2% copper and 21.5 grams per tonne silver — extending a run of wide, high-grade copper-silver intersections as the company advances an Integration PEA combining Pampa Medina with its Marimaca Oxide Deposit. Marimaca Copper trades on the TSX as MARI and on the OTCQX as MARIF. NEWS RELEASE

Ivanhoe Mines has released an updated resource for the Makoko District of the Western Forelands copper discovery in the DRC, increasing the project's scale by 30% — with Inferred Resources now totalling 612 million tonnes at 1.8% copper containing 24.3 billion pounds, alongside 34 million tonnes at 2.66% copper in the Indicated category, in what the company describes as the world's largest and highest-grade copper discovery of the past decade. Combined with Kamoa-Kakula, total contained copper across the Western Forelands now exceeds 55 million tonnes, with a 120,000-metre infill program planned to move shallow Inferred tonnes toward the Indicated category. Ivanhoe Mines trades on the TSX as IVN and on the OTCQX as IVPAF. NEWS RELEASE

DPM Metals has released drill results from the Dumitru Potok copper-gold-silver skarn prospect on the Čoka Rakita licence in Serbia, extending mineralization 90 to 100 metres beyond the existing resource with highlights including hole DPDD042 returning 50 metres at 3.68% copper equivalent and hole BIDD253 returning 246 metres at 1.36% copper equivalent. The 2026 drill program has been expanded to 32,000 to 35,000 metres, with an updated resource estimate targeted for Q1 2027 ahead of a preliminary economic assessment planned for year-end 2027. DPM Metals trades on the TSX and on the ASX both under the symbol DPM. NEWS RELEASE

Newcore Gold has appointed Sulemanu Koney — former CEO of the Ghana Chamber of Mines from 2014 through his retirement in 2025 — as an independent, non-executive director, adding 35 years of Ghanaian mining industry experience and deep regulatory relationships as the company advances the Enchi Gold Project through development and permitting. Enchi covers 248 square kilometres along 40 kilometres of Ghana's Bibiani Shear Zone, with a Pre-Feasibility Study completed in June and drilling ongoing. Newcore Gold trades on the TSX Venture Exchange as NCAU and on the OTCQX as NCAUF. NEWS RELEASE

Revival Gold has completed 10,000 metres of infill RC drilling in 100 holes at the Mercur Gold Project in Utah, releasing results from a further 17 holes today — including RM26-193 returning 1.32 grams per tonne gold over 45.7 metres and RM26-201 returning 0.90 grams per tonne gold over 54.9 metres — with grades and cyanide leach recoveries continuing to support the company's 2025 PEA assumptions ahead of a Preliminary Feasibility Study targeted for Q1 2027. Three rigs remain active at Mercur for an additional 8,000 metres of exploration, geotechnical and engineering drilling. Revival Gold trades on the TSX Venture Exchange as RVG and on the OTCQX as RVLGF. NEWS RELEASE

Power Metallic Mines has defined a maiden resource for the Lion Zone at its Nisk Project in James Bay, Québec with a total maiden resource of 4.7 million tonnes across Indicated and Inferred categories at 3.86% copper equivalent, containing approximately 406 million pounds of CuEq, with over 85% classified Indicated and locked-cycle metallurgical testing returning copper recoveries above 98%. Five rigs are targeting depth and strike extensions at Lion, with summer 2026 assay results expected through September and a preliminary economic assessment in progress to assess the combined development potential of Lion and the adjacent Nisk nickel-copper deposit. Power Metallic Mines trades on the TSX Venture Exchange as PNPN and on the OTC as PNPNF. NEWS RELEASE

The Mining Stock Daily morning briefing is produced by Clear Commodity Network. It is distributed throughout the world through your podcast network of choice, and at Clear Commodity Network.

That's it for today everyone. Have a great day. Stay safe.