Dundee Precious Metals provides Coka Rakita project update

Dundee Precious Metals provided an update on its Coka Rakita project, where the pre-feasibility is advancing on track for completion in the first quarter of 2025. The Company also reported new assay results from the recently completed PFS infill drilling program. Highlights: Pre-feasibility study on track: Continue to target completion of PFS the first quarter of 2025. Completion of the PFS infill drilling program: Results continue to confirm the continuity of a core zone of high-grade mineralization with the Mineral Resource outline. Highlights include: RIDD055 – 74 metres at 27.3 g/t Au, from 426 metres downhole, including 37 metres at 47.44 g/t Au and 0.11% Cu from 460 metres downhole. RIDD057 – 83 metres at 3.90 g/t Au and 0.24% Cu from 385 metres. RIDD060 – 71 metres at 3.39 g/t Au from 414 metres, including 7 metres at 10.71 g/t Au from 473 metres downhole. RIDD069 – 67 metres at 10.61 g/t Au and 0.23% Cu, from 387 metres. RIDD078A – 42 metres at 11.13 g/t Au and 0.18 % Cu from 263 metres. “We continue to unlock Coka Rakita’s potential to add production growth and strong margins to our portfolio, with first production targeted for 2028,” said David Rae, President and CEO. “As we accelerate the project through our development pipeline, we are progressing the PFS, which remains on track for Q1 2025, and advancing permitting activities to support start-up of construction in 2026. We have the financial and technical resources to advance this high-quality growth project and continue our exploration programs to further define the significant potential of Coka Rakita and the surrounding licences.”