RE: DGR - SOLG - new discussion points,31 Jul 2025 15:39
ο§ DGR continues to note that considerable upside exists to be refined during the DFS permitting
and financing phases through opportunities for:
o benefits of increased copper prices US4$.20/lb and copper US$2300/oz currently
representing a notional increase in revenues of 9% for copper and 31% for gold before
all expenses and tax (approximately 15% blended).
o increases in metallurgical recoveries, especially gold.
o expediting production by bringing the Tandayama resource to reserves status and
production up to 2 years sooner.
o further resource definition on the Cascabel tenement.
further operating cost reductions through mine and mill optimisation and green power
initiatives.
o Refinement of mine, mill and infrastructure design and capex.
o reduction in discount rates and cost of capital.
o assessment of the long-term cash flow value of the other 82 % of the resource not
assessed in the study.
ο§ DGR also notes that:
o SolGold continues to offer unique upside from its comprehensive national exploration
portfolio in Ecuador.
o Efforts continue in respect of the emplacement of the balance of the financing
package for development using strategies which minimise equity dilution