{"success":true,"data":{"pressRelease":{"id":"132131","rtpr_id":"nNFCbz8Hzx","ticker":"DLP","exchange":"","all_tickers":["DLP"],"title":"DLP Announces Positive Preliminary Economic Assessment (\"PEA\") for the Aurora Copper-Molybdenum Project, with Significant Multi-Phase Expansion Potential","author":"Newsfile Corp","published_at":"2026-09-01T10:00:18.516Z","article_body":"(All figures in United States Dollars unless otherwise stated)\n\nThe PEA establishes Aurora as a Large-Scale, Long-Life Copper-Molybdenum\nAsset; Deliberate Phased Development Approach Designed to Maximize Returns on\nInitial Capital and Preserve Potential Multi-Phase Underground Expansion\n\nHighlights\n* Base case after-tax NPV8% of $2,703 M, after-tax IRR of 18.5%, and payback\nperiod of 5.2 years from start of production, at long-term commodity price\nassumptions of $4.90/lb copper, $25.40/lb molybdenum, and $45.30/oz silver.\n* At spot prices as of August 26, 2026 ($6.47/lb copper, $33.57/lb molybdenum\nand $68.50/oz silver), a spot price sensitivity case generates an after-tax\nNPV8% of $4,812 M, after-tax IRR of 24.9%, and payback period of 3.8 years.\n* PEA establishes Aurora as one of the highest-grade molybdenum projects in\nthe world, mining an average molybdenum grade of 0.20% Mo across 15 years of\nunderground mining, peaking at 0.25% in year 10.\n* 17.5-year mine-life with 402.9 million tonnes processed at 65,000 tonnes per\nday with multi-phase expansion potential beyond 17.5 years.* a 7-year open pit\nphase mining 237.3 million tonnes of mineralized material at a 0.95:1 strip\nratio\n* a 15-year underground phase mining 165.6 million tonnes of mineralized\nmaterial, with stockpile processing in parallel.\n\n* Average annual production of 90.5 million pounds payable copper, 37.4\nmillion pounds payable molybdenum and 1.21 million ounces payable silver with\npeak copper production of 154 million payable pounds in year 3.\n* Total payable production of approximately 1,629 million pounds of copper,\n673 million pounds of molybdenum and 21.8 million ounces of silver, generating\ntotal gross revenue of approximately $26,072 million over the mine life.\n* Initial capital cost estimate of $2,377 million, including contingency, with\nsustaining and underground development capital of approximately $1,160 million\nand closure costs of approximately $121 million.\n* Updated Mineral Resource Estimate contained in PEA establishes a strong\nfoundation, with a combined open pit and out of pit resource:* Indicated:\n614.84 Mt grading 0.19% Cu, 0.06% Mo, 2.09 g/t Ag (7,497.53 Mlbs Copper\nEquivalent at 0.55% CuEq)\n* Inferred: 1,118.80 Mt grading 0.18% Cu, 0.07% Mo, 1.95 g/t Ag (14,265.23\nMlbs Copper Equivalent at 0.58% CuEq)\nCranbrook, British Columbia--(Newsfile Corp. - September 1, 2026) - DLP\nResources Inc. (TSXV: DLP) (OTCQB: DLPRF) (FSE: J8C) (\"DLP\" or the\n\"Company\") is pleased to announce the results of a Preliminary Economic\nAssessment (\"PEA\") for its 100%-owned Aurora Copper-Molybdenum-Silver Project\n(\"Aurora\" or the \"Project\"), located 60 km northeast of Cusco, Peru. The PEA\nwas prepared in accordance with National Instrument 43-101 (\"NI 43-101\") by\nGlobal Resource Engineering Ltd. (\"GRE\"), Ausenco Engineering Canada ULC\n(\"Ausenco\") and SRK Consulting (Canada) Inc. (\"SRK\"), and incorporates an\nupdated Mineral Resource Estimate (\"MRE\"). The Company will also be hosting a\nlive webcast regarding the PEA, featuring DLP's CEO Ian Gendall and the\nTechnical Committee on September 1, 2026 at 1:00 pm (Toronto time).\nParticipants can register to attend at the following link:\nhttps://zoom.us/webinar/register/WN_G1PhTuayTEeIomxTV5irOg\n\n\"The results of the Aurora PEA confirm what our geological and technical work\nhas long suggested: this is a copper-molybdenum-silver deposit with the scale,\ngrade and production profile to support compelling development pathway. The\nPEA demonstrates robust cashflows, competitive operating costs, reasonable\ncapital costs and robust financial returns, including an after-tax NPV8% of\n$2,703 million and an 18.5% IRR with substantial upside leverage to rising\ncopper and molybdenum prices. Importantly, this PEA represents only the first\nchapter of the Aurora story, reflecting 402.9 million tonnes of mineralized\nmaterial, or approximately 30% of the MRE, which shows an Indicated resource\nof 614.84 million tonnes at 0.19% Cu, 0.06% Mo and 2.09 g/t Ag and an Inferred\nresource of 1,118.80 million tonnes at 0.18% Cu, 0.07% Mo and 1.95 g/t Ag. As\nsuch, a significant portion of the MRE has not been included in the PEA,\npreserving future underground expansion optionality beyond what is\ncontemplated within this initial 17.5-year mine plan. We intend to advance\nAurora towards pre-feasibility while simultaneously scoping the underground\nexpansion optionality and look forward to engaging with strategic partners on\nthis multi-phase development program,\" commented Ian Gendall, CEO of DLP.\n\nProject Overview\n\nThe 100%-owned Aurora spans 12,500 hectares in Peru's Cusco province, with\neasy road access and power infrastructure nearby. On June 22, 2026\n(https://api.newsfilecorp.com/redirect/YEyR7ux8PW), DLP announced that the\nlocal Parobamba Community, where Aurora is located, approved a six-year\nextension of the land use and exploration agreement, demonstrating the strong,\ncollaborative relationship DLP has built with the local community and\nproviding the Company with the long-term access and social license to advance\nthe project through its next stages of development.\n\nThe PEA represents an initial development case for Aurora, deliberately\ndesigned to maximize after-tax returns and capital efficiency on initial\ninvested capital. The PEA mine plan encompasses 402.9 million tonnes of\nmineralized material, representing approximately 30% of Aurora's MRE,\nconcentrating the initial 17.5-year mine plan on the highest-confidence,\nhighest-value portions of the deposit accessible by open pit and underground\nmining methods. The resources outside of the mine plan define a clear\nexpansion opportunity. As such, the Company intends to advance an infill and\nextensional drill program at Aurora to advance resource classification and\nsupport incorporation of material outside of the mine plan into subsequent\nPrefeasibility or Feasibility studies. Management views this PEA as an initial\nPhase 1, providing a foundation for a long-term, multi-decade mining district,\nwith today's mine plan representing the first of several possible development\nphases. The PEA establishes Aurora as one of Peru's emerging\ncopper-molybdenum-silver development assets, with a project profile\ncharacterized by a long-life, high-value molybdenum production base alongside\nmeaningful copper and silver co-production.\n\nThe Company notes the PEA is preliminary in nature and there is no certainty\nthat the PEA will be realized. The PEA includes Inferred Mineral Resources\nthat are considered too speculative geologically to have economic\nconsiderations applied to them that would enable them to be categorized as\nmineral reserves. Mineral Resources that are not Mineral Reserves do not have\ndemonstrated economic viability. The Company also notes that a multi-phase\nunderground development scenario has not been evaluated in the current PEA, no\neconomic analysis has been applied to potential additional resources, and\nthere is no certainty that any multi-phase underground expansion would be\nrealized. DLP views the multi-phase underground expansion opportunity as a\nsignificant source of longer-term value not captured in the PEA economics and\nintends to advance dedicated multi-phase underground scoping work as a\npriority workstream.\n\nTable 1) PEA Economic Summary\n\n Metric Unit Base Case \n Base Case After-Tax Economics \n NPV8% $M 2,703 \n After-Tax IRR % 18.5 \n Payback Period years 5.2 \n NPV / Initial CAPEX ratio 1.14 \n \n Pricing Assumptions \n Copper $/lb 4.90 \n Molybdenum $/lb 25.40 \n Silver $/oz 45.30 \n \n LOM Gross Revenue Contribution \n LOM Revenue $M 26,072 \n Copper % 30.6 \n Molybdenum % 65.6 \n Silver % 3.8 \n \n Mining Metrics \n Mine Life Years 17.5 \n OP Mineralized Material Mt 237.3 \n OP Strip Ratio w:o 0.95 \n OP Copper Grade (LOM) % 0.33 \n OP Molybdenum Grade (LOM) % 0.01 \n OP Silver Grade (LOM) g/t 3.52 \n UG Mineralized Material (LOM) Mt 165.6 \n UG Copper Grade (LOM) % 0.07 \n UG Molybdenum Grade (LOM) % 0.20 \n UG Molybdenum Grade (Peak - Year 10) % 0.25 \n UG Silver Grade (LOM) g/t 0.72 \n \n Processing Metrics \n Mineralized Material Milled Mt 402.9 \n Copper grade (LOM) % 0.22 \n Copper grade (years 1-6) % 0.30 \n Molybdenum grade (LOM) % 0.09 \n Molybdenum grade (years 7-14) % 0.14 \n Silver grade (LOM) g/t 2.37 \n \n Copper recovery % 85.50 \n Molybdenum recovery % 88.50 \n Silver recovery % 74.00 \n \n Payable Copper (Annual) Million pounds per year 90.5 \n Payable Copper (LOM) Million pounds 1,629 \n Payable Molybdenum (Annual) Million pounds per year 37.4 \n Payable Molybdenum (LOM) Million pounds 673 \n Payable Silver (Annual) Million ounces per year 1.21 \n Payable Silver (LOM) Million ounces 21.8 \n Payable Copper Equivalent (Annual) Million pounds 301.0 \n Payable Copper Equivalent (LOM) Million pounds 5,418 \n \n Cost Metrics \n Initial Capital Cost $M 2,377 \n Sustaining + UG Development Capital $M 1,160 \n Closure & Reclamation $M 121 \n\n \n\nMining Methods\n\nThe mine plan consists of two principal mining methods: a conventional\ntruck-and-shovel open pit operation to year 4 of the mine life (including\nstockpiling mineralized material), followed by underground mining of the\nhigher-grade molybdenum core between years 3 and 17. Underground mineralized\nmaterial will be processed alongside stockpiled open pit material.\n\nOpen Pit Mining (Years -3 to 4)\n\nThe open pit mine plan is based on a conventional truck-and-shovel operation\nproducing a total of 237.3 million tonnes of mineralized material at a design\nthroughput of 65,000 tonnes per day. The open pit strip ratio of 0.95:1\n(waste:mineralized material) reflects the favorable geometry and continuity of\nthe near-surface mineralized body. The open pit mine plan will see average\nmined grades of 0.33% copper, 0.01% molybdenum and 3.52 g/t silver.\n\nUnderground Mining (Years 3 to 17)\n\nFollowing completion of open pit mining, operations transition to underground\nextraction of the higher-grade molybdenum-enriched core of the Aurora deposit.\nUnderground development commences simultaneously with the opening of the open\npit mine, using a block cave mining method, with level access established\nduring late open pit years. The underground mine plan will see 165.6 million\ntonnes mined at an average molybdenum grade of 0.20% Mo, positioning Aurora as\na robust, high grade molybdenum project.\n\n(https://images.newsfilecorp.com/files/6456/312322_81a369b474194a0e_001full.jpg)\n\nFigure 1) Open Pit Mine Production\n\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/6456/312322_81a369b474194a0e_001full.jpg\n\n(https://images.newsfilecorp.com/files/6456/312322_81a369b474194a0e_002full.jpg)\n\nFigure 2) Underground Cave Production\n\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/6456/312322_81a369b474194a0e_002full.jpg\n\nUpdated Mineral Resource Estimate\n\nIn connection with the PEA, an updated MRE has been completed for the Aurora\ndeposit by Terre Lane of Global Resource Engineering, an independent Qualified\nPerson as defined by NI 43-101. The MRE has an effective date of April 30,\n2026. The updated MRE incorporates data from 28 drill holes totaling 22,613.38\nmetres and reflects revised geological modelling, updated metallurgical\nrecovery assumptions, and the incorporation of recent infill drilling results.\n\nThe MRE is classified in accordance with the 2014 CIM Definition Standards on\nMineral Resources and Reserves and was estimated in accordance with the CIM\n2019 Best Practices Guidelines. The resource has been constrained by an open\npit shell (OP domain) or by a conceptual underground extraction envelope (UG\ndomain) demonstrating reasonable prospects for eventual economic extraction.\n\nTable 2) Updated Mineral Resource Estimate (effective April 30, 2026)\n\n Classification Tonnes (Mt) Cu (%) Mo (%) Ag (g/t) CuEq (%) CuEq (Mlbs) \n Open Pit (NSR Cut-off: $6.9/t ) \n Indicated 382.58 0.24 0.020 2.55 0.37 3,118.21 \n Inferred 537.86 0.25 0.023 2.96 0.40 4,737.91 \n Underground (NSR Cut-off: $25/t) \n Indicated 232.27 0.12 0.134 1.32 0.86 4,379.31 \n Inferred 580.94 0.11 0.117 1.02 0.74 9,527.32 \n Total \n Indicated 614.84 0.19 0.06 2.09 0.55 7,497.53 \n Inferred 1,118.80 0.18 0.07 1.95 0.58 14,265.23 \n Notes: CuEq(lb) = Cu(lb)+Mo(lb)*((Mo Price*Mo Recovery*Mo Payability)/(Cu Price*Cu Recovery*Cu Payability))+Ag(lb)*((Ag Price*Ag Recovery*Ag Payability)/(Cu Price*Cu Recovery*Cu Payability)), using $4.90/lb Cu, $25.40/lb Mo, $45.30/oz Ag, 85.5% Cu recovery, 88.5% Mo recovery, 74% Ag recovery, 96.5% Cu payability, 96% Mo payability, 96% Ag payability (2) Cut-off grades: OP domain US$ 6.9/t NSR; UG domain US$ 25/t NSR. (3) Mineral Resources that are not Mineral Reserves do not have demonstrated economic \n viability. (4) Numbers may not sum due to rounding. \n\n \n\nQP Disclosure\n\nThe geological setting, mineralization, deposit characterization, exploration,\ndrilling, sampling, analytical information, and data verification were\nprepared under the direction of Hamid Samari, Ph.D., QP, Principal Geologist\nat GRE. Dr. Samari meets the requirements for a QP as set out in his\nCertificate of Qualified Person.\n\nDr. Samari reviewed and verified the data supporting the Mineral Resource\nEstimate, including the geological and drillhole database, sampling\ninformation, analytical data, QA/QC results, and supporting documentation. As\npart of the data verification, Dr. Samari conducted a site visit to the Aurora\nProject on June 2-3, 2026, during which he reviewed the project geology, drill\ncore, core logging and sampling procedures, and other relevant geological\ninformation. Independent check samples were collected and submitted for\nlaboratory analysis. The copper (Cu), silver (Ag), and molybdenum (Mo) assay\nresults obtained from the independent check samples were compared with the\ncorresponding assay results reported in the project database. The comparison\nshowed reasonable agreement between the two sets of results and provided\nadditional verification of the analytical data supporting the Mineral Resource\nEstimate. Based on these verification procedures, Dr. Samari considers the\ndata and information used to support the Mineral Resource Estimate to be\nsufficiently reliable for this purpose. No material limitations on the\nverification process or material failures to verify the data were identified.\n\nProcessing & Metallurgy\n\nThe Aurora PEA contemplates a conventional milling and froth flotation process\nplant designed to treat 65,000 tonnes of mineralized material per day. The\nprocess plant is designed to produce a copper concentrate grading\napproximately 25% Cu and a molybdenum concentrate grading approximately 55%\nMo.\n\nMetal recoveries to concentrate average 85.5% for copper, 88.5% for\nmolybdenum, and 74.0% for silver. Silver reports to the copper concentrate as\na by-product credit. The recoveries take into account mineralized material\nfrom various zones and the blending of various zones to feed the plant.\nPayable metal assumptions applied in the economic analysis reflect smelter and\nrefinery terms of 96.5% payability for copper and 96.0% payability for\nmolybdenum and silver.\n\nTailings from the flotation circuit will be filtered and placed in a drystack\ntailings facility and managed in accordance with applicable Peruvian\nregulatory requirements, including the standards established under the\nEnvironmental Impact Assessment (EIA-d) process overseen by Peru's Ministry of\nEnergy and Mines (MINEM). The Company is evaluating tailings storage facility\ndesign options as part of ongoing engineering studies.\n\n(https://images.newsfilecorp.com/files/6456/312322_dlp-figure3.jpg)\n\nFigure 3) Processing Schedule\n\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/6456/312322_dlp-figure3.jpg\n\nCapital & Operating Costs\n\nInitial capital is estimated at $2,377 million over a 3-year construction\nperiod, and is based on the costs outlined in Table 3, below:\n\nTable 3) Breakdown of Initial Capital\n\n Initial Capital Expenditure Cost ($M) \n Mine (OP) 530.9 \n Mine (UG) 202.4 \n Plant 502.1 \n Tailings 332.1 \n Infrastructure 219.1 \n Indirects 137.6 \n Permitting 4.0 \n Owner's costs 76.5 \n Contingency 372.3 \n Total 2,377 \n\n \n\nSustaining and underground development capital over the life of mine (through\nyear 20) is estimated at $1,160 million, with total closure costs estimated at\n$121M.\n\nWorking capital of $24.7 million in year 1.\n\nOperating costs are estimated at $13.05/t processed based on the costs\noutlined in Table 4, below.\n\nTable 4) Breakdown of Operating Costs\n\n Operating Cost Cost ($/t mined) (1) Cost ($/t milled) (2) \n Mining (OP) 1.72 1.08 \n Mining (UG) 6.90 2.35 \n Processing 5.19 \n Rehandling 0.32 \n Tailings 1.78 \n Water treatment 0.07 \n G&A 1.07 \n Contingency 1.19 \n Total 13.05* \n (1)Total mine operating costs per tonne mined, including pre-production mining costs \n (2)Operating costs less capitalized pre-production mining costs per total tonnes milled \n\n \n\nLife of Mine C1 cash costs are calculated on a co-product basis: $0.90/lb\ncopper; $7.83/lb molybdenum. Stockpiled material costs (during the\npre-production period) have been excluded from the C1 cash cost and included\nin the pre-production capital cost.\n\nEconomic Analysis Results\n\nThe PEA highlights an after-tax NPV8% of $2,703 million corresponding to an\nIRR of 18.5% and a 5.2-year payback period. Assumptions, including commodity\npricing used as part of the economic analysis is outlined in Table 6 below:\n\nTable 5) Commodity Price Assumptions\n\n Pricing Assumptions \n Copper $/lb 4.90 \n Molybdenum $/lb 25.40 \n Silver $/oz 45.30 \n\n \n\nTable 6) Sensitivity to Copper and Molybdenum Prices, Capital Cost and\nOperating Cost\n\n Copper Price Sensitivity \n -25% Base Case +25% \n After-Tax NPV8% $2,101 $2,703 $3,286 \n IRR 16.0% 18.5% 20.8% \n Payback 6.2 5.2 4.4 \n NPV to Initial Capex 0.88 1.14 1.38 \n\n \n\n Molybdenum Price Sensitivity \n -25% Base Case +25% \n After-Tax NPV8% $1,745 $2,703 $3,656 \n IRR 15.5% 18.5% 20.9% \n Payback 5.8 5.2 4.8 \n NPV to Initial Capex 0.73 1.14 1.54 \n\n \n\n Base Case vs. Spot Pricing \n Base Case Spot* \n After-Tax NPV8% $2,703 $4,812 \n IRR 18.5% 24.9% \n Payback 5.2 3.8 \n NPV to Initial Capex 1.14 2.02 \n *Spot pricing as of Aug 26, 2026: Copper - $6.47/lb; Molybdenum - $33.57/lb; Silver - $68.50/oz. \n\n \n\n Capital Cost Sensitivity \n -25% Base Case +25% \n After-Tax NPV8% $3,422 $2,703 $1,988 \n IRR 23.8% 18.5% 14.7% \n\n \n\n Operating Cost Sensitivity \n -25% Base Case +25% \n After-Tax NPV8% $3,136 $2,703 $2,263 \n IRR 20.5% 18.5% 16.5% \n\n \n\nInfrastructure & Site Layout\n\nThe site layout incorporates the process plant, tailings and waste management\nfacilities, camp infrastructure, and water management systems within a\nconsolidated footprint designed to support efficiency. Tailings are planned to\nbe managed in a dry stack tailings facility (DSTF) and potential acid\ngenerating (PAG) waste rock storage facility (WRSF), utilizing favourable\ntopographic conditions adjacent to the process plant site. The tailings and\nwaste management facilities have been designed and sited with the long-term\ndevelopment potential of the Aurora deposit in mind, and the selected\nfootprint provides a foundation from which future expansion capacity could be\ndeveloped as the project advances. The Company will continue to refine site\nlayout and infrastructure design as it advances Aurora toward a\nPre-Feasibility Study (\"PFS\").\n\n(https://images.newsfilecorp.com/files/6456/312322_81a369b474194a0e_004full.jpg)\n\nFigure 4) Site Layout\n\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/6456/312322_81a369b474194a0e_004full.jpg\n\nOpportunities\n\nThe PEA mine plan has been deliberately designed to deliver the optimal\nafter-tax return on initial invested capital. By focusing the first phase of\ndevelopment on the highest-value portions of the Aurora deposit, the Company\nhas structured the mine plan as a compelling, financeable standalone project\nwhile simultaneously preserving the potential for future phases to capture the\nfull resource potential of the Aurora deposit.\n\nThis disciplined, phased development philosophy is consistent with practices\nadopted at analogous large-scale porphyry copper-molybdenum development\nprojects. DLP believes this approach at Aurora appropriately sequences capital\ndeployment to maximize shareholder value at each stage of development.\n\nMulti-phase Expansion Potential\n\nAurora's envisioned mine plan is contemplated as an approximate 30% subset of\nthe Indicated and Inferred MRE. DLP views the resources outside of the mine\nplan, together with additional exploration targets as the natural foundation\nfor multi-phase underground expansion, which the Company expects to advance\nthrough dedicated infill and conversion drilling and scoping studies in\nparallel with PFS activities. Subject to resource conversion, engineering\nstudies, and regulatory approvals, a multi-phase development scenario has the\npotential to materially extend Aurora's mine life and increase annual\nproduction rates beyond the current Phase 1 PEA.\n\nAs illustrated in Figure 5, mineralization at Aurora extends well beyond the\nboundaries of the Phase 1 mine plan, with the deposit remaining open to the\nwest, east, and at depth. The current MRE boundaries are defined by drilling\nextent rather than geological limits, and all mineralized zones shown in the\nsection, including lower-grade material at the margins, carry positive\neconomic margins above projected operating costs.\n\nA key feature of Aurora's long-term value proposition is the infrastructure\nleverage inherent in a phased development approach. The 65,000 tonne-per-day\nprocessing facility constructed under the Phase 1 capital program represents\nthe single largest infrastructure investment required to bring the project\ninto production. Advancing a potential Phase 2 underground expansion would\nrequire a materially lower incremental capital outlay, concentrated primarily\non underground development and a new dry-stack tailings facility, while\nutilizing the processing infrastructure already in place. DLP intends to\nadvance an infill and extensional drilling program to further define Aurora's\nresource base and support economic evaluation of a future Phase 2 expansion,\nwith Phase 2 scoping work expected to advance in parallel with ongoing Phase 1\ndevelopment studies.\n\n(https://images.newsfilecorp.com/files/6456/312322_81a369b474194a0e_005full.jpg)\n\nFigure 5) Aurora Deposit Cross Section - NSR/tonne ($)\n\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/6456/312322_81a369b474194a0e_005full.jpg\n\nA NI 43-101 Technical Report will be filed on SEDAR+ within 45 days of this\nnews release.\n\nNext Steps\n\nThe positive PEA results provide a strong technical and economic foundation\nfor Aurora's advancement. DLP Resources intends to take the following steps:\n* Continue engagement with potential strategic partners, major mining\ncompanies, and financial institutions regarding project-level investment and\nfinancing structures commensurate with Aurora's scale and economics.\n* Initiate PFS planning, including infill and geotechnical drilling,\nmetallurgical testwork, and engineering trade-off studies to advance the\nproject toward a PFS-level cost estimate.\n* Advance dedicated multi-phase underground expansion scoping, including\ninfill and conversion drilling on resources currently outside the envisioned\nmine plan, conceptual underground engineering, and evaluation of development\nsequencing and capital structuring for a multi-phase program. Further studies\nfor a second dry stack tailings location for Phase 2.\n* Advance environmental baseline programs and initiate environmental\nassessment readiness planning.\n* Continue respectful engagement with local communities, governments, and\nstakeholders as Aurora advances.\nQualified Persons\n\nMr. Gendall, CEO & President of the company is the qualified person as defined\nby National Instrument 43-101. Mr. Gendall has reviewed and approved the\ntechnical contents of this news release.\n\nThe following people are intendent qualified persons for the technical report\nand have reviewed and verified the disclosure in this news release against the\ninformation in the technical report they are responsible for:\n*\nThe geological setting, mineralization, deposit characterization, exploration,\ndrilling, sampling, analytical information, and data verification were\nprepared under the direction of Hamid Samari, Ph.D., QP, Principal Geologist\nat GRE. Dr. Samari meets the requirements for a QP as set out in his\nCertificate of Qualified Person.\n*\nThe Mineral Resource Estimate, conceptual design of the open pit mine, waste\nrock storage facility, stockpile, primary crusher and open-pit mine equipment\nshop and related facilities, and economic modeling were prepared under the\ndirection of Terre Lane, Principal Mine Engineer at GRE. Ms. Lane meets the\nrequirements for a QP as set out in her Certificate of Qualified Person.\n*\nThe process testwork results were interpreted and a process design prepared\nunder the direction of Todd Harvey, President and Director of Process\nEngineering at GRE. Dr. Harvey meets the requirements for a QP as set out in\nhis Certificate of Qualified Person.\n*\nThe mine water balance, water treatment plant, remediation, and closure were\nprepared under the direction of Larry Breckenridge, Principal Environmental\nEngineer at GRE. Mr. Breckenridge meets the requirements for a QP as set out\nin his Certificate of Qualified Person.\n*\nThe conceptual design of the underground mine, block cave production plan, and\nestimation of underground mining capital and operating cost were prepared\nunder the direction of Josh Parsons, Senior Consultant at SRK. Mr. Parsons\nmeets the requirement for a QP as set out in his Certificate of Qualified\nPerson.\n*\nThe underground geotechnical and block caving assessments were prepared under\nthe direction of Jarek Jakubec, Corporate Consultant at SRK. Mr. Jakubec meets\nthe requirement for a QP as set out in his Certificate of Qualified Person.\n*\nThe conceptual underground infrastructure design was prepared under the\ndirection of Carl Kottmeier, Principal Consultant at SRK. Mr. Kottmeier meets\nthe requirement for a QP as set out in his Certificate of Qualified Person.\n*\nThe conceptual underground ventilation design was prepared under the direction\nof Brian Prosser, Principal Consultant at SRK. Mr. Prosser meets the\nrequirement for a QP as set out in his Certificate of Qualified Person.\n*\nThe conceptual design of the dry stack tailings facility, filter plant,\ngeneral site development, access roads and camp were prepared under the\ndirection of Scott Elfen, Global Technical Leader - Mine Waste Solutions at\nAusenco. Mr. Elfen meets the requirements for a QP as set out in his\nCertificate of Qualified Person.\n*\nThe conceptual design of the power distribution on site was prepared under the\ndirection of Kevin Murray, Principal Process Engineer at Ausenco. Mr. Murray\nmeets the requirements for a QP as set out in his Certificate of Qualified\nPerson.\n\nCompany Conference Call\n\nThe Company will host a webinar to discuss the results of the PEA at 1:00 PM\nET / 10:00 AM Pacific Time on Tuesday, September 1, 2026. To join the webinar,\nplease register at:\nhttps://zoom.us/webinar/register/WN_G1PhTuayTEeIomxTV5irOg\n\nAbout DLP Resources Inc.\n\nDLP Resources Inc. is a copper-focused development company advancing two\n100%-owned projects in southern Peru: Aurora and Esperanza.\n\nAurora is a large-scale porphyry copper-molybdenum-silver deposit containing a\ncombined open pit and underground indicated resource of 614.84 million tonnes\nat 0.19% Cu, 0.06% Mo and 2.09 g/t Ag, and an inferred resource of 1,118.80\nmillion tonnes at 0.18% Cu, 0.07% Mo and 1.95 g/t Ag. An independent\nPreliminary Economic Assessment completed in September 2026 established an\nafter-tax NPV8% of US$2,703 million and an IRR of 18.5%, based on a 17.5-year\nmine life utilizing open pit and underground mining methods. Aurora's robust\nproduction profile contemplates payable production of 90.5 million pounds per\nyear of copper, 37.4 million pounds per year of molybdenum and 1.21 million\nounces per year of silver.\n\nEsperanza is an emerging district-scale copper-gold discovery located 35km\nfrom Cerro Verde, one of the world's largest copper mines. A 5.0km × 2.5km\nmagnetic anomaly is supported by high-grade surface and trench sampling\nresults, with a maiden drill programme planned for Q3 2026.\n\nDLP is listed on the TSX-V (DLP), on the OTCQB (DLPRF), and on the FSE (J8C).\n\nFOR FURTHER INFORMATION, PLEASE CONTACT:\n\nDLP RESOURCES INC.\nIan Gendall, President and Chief Executive Officer\niangendall@dlpresourcesinc.com\n\nGautam Iyer, VP Corporate Development & Investor Relations\ngautamiyer@dlpresourcesinc.com\n\nCautionary Note Regarding the PEA and Forward-Looking Information\n\nThe results of the PEA are preliminary in nature. The PEA is based on a\nMineral Resource Estimate that has not been upgraded to a Mineral Reserve and\nthe economic analysis does not have as high a level of certainty as a\nPre-Feasibility Study or Feasibility Study. The PEA includes Inferred Mineral\nResources that are considered too speculative geologically to have economic\nconsiderations applied to them that would enable them to be classified as\nMineral Reserves. There is no certainty that the PEA will be realized. Actual\ncapital costs, operating costs, production rates, metallurgical recoveries,\nand project economics may differ materially from those set out in the PEA. The\nPEA is subject to various risks and uncertainties, including those related to\ncommodity prices, exchange rates, capital and operating costs, permitting\ntimelines, and the availability of financing.\n\nThis news release contains forward-looking information within the meaning of\napplicable Canadian securities laws. Forward-looking information includes, but\nis not limited to, statements regarding the results of the PEA, including\nprojected NPV, IRR, payback period, capital and operating costs, production\nrates, mine life, grades, metallurgical recoveries, and revenue; the\ncharacterisation of the PEA as representing Phase 1 of a long-term,\nmulti-decade mining district with multi-phase underground expansion potential;\nthe Company's intention to advance an infill and extensional drill program to\nadvance resource classification and support incorporation of material outside\nthe mine plan into subsequent studies; the Company's plans to advance Aurora\ntoward a PFS, including infill and geotechnical drilling, metallurgical\ntestwork, and engineering trade-off studies; plans to advance dedicated\nmulti-phase underground expansion scoping, including infill and conversion\ndrilling, conceptual underground engineering, and evaluation of development\nsequencing; the potential for multi-phase underground expansion to materially\nextend Aurora's mine life and increase annual production rates beyond the PEA;\nplans to advance environmental baseline programs and initiate environmental\nassessment readiness planning; the Company's intention to continue engagement\nwith local communities, governments, and stakeholders; expectations regarding\npotential strategic partnerships, major mining companies, and financial\ninstitutions regarding project-level investment and financing; the Company's\nplans to continue to refine site layout and infrastructure design as it\nadvances toward a Pre-Feasibility Study; and the timing for filing of the NI\n43-101 Technical Report on SEDAR+.\n\nForward-looking information is based on various assumptions, including the\nfollowing material assumptions: long-term commodity prices of US$4.90/lb\ncopper, US$25.40/lb molybdenum, and US$45.30/oz silver; achievement of\nestimated metallurgical recoveries of 85.5% for copper, 88.5% for molybdenum,\nand 74% for silver; achievement of a sustained processing rate of 65,000\ntonnes per day; open pit and underground mine designs, production schedules,\nand extraction methods as described in the PEA; capital and operating cost\nestimates being achieved substantially as described; the continued\navailability of the required workforce, equipment, and services necessary to\nadvance and operate the Project; the ability to obtain all necessary permits\nand regulatory approvals on a timely basis; the maintenance of political\nstability and a favourable regulatory and fiscal environment in Peru; the\nsix-year land use and exploration agreement with the Parobamba Community\nremaining in good standing and being renewed or extended as required; the\nability to secure financing for the Project on acceptable terms; the\nsuccessful conversion of Inferred Mineral Resources to higher-confidence\ncategories through infill drilling; and continued favourable geotechnical\nconditions supporting the planned block cave mining method.\n\nForward-looking information is subject to a number of risks and uncertainties,\nmany of which are beyond the Company's control. Actual results, performance,\nor achievements could differ materially from those projected in the\nforward-looking information as a result of factors including, but not limited\nto: changes in copper, molybdenum, and silver prices; foreign exchange\nfluctuations between the U.S. dollar, Canadian dollar, and Peruvian sol;\nactual metallurgical performance differing from test results at commercial\nscale; capital and operating cost overruns; geotechnical and hydrological\nconditions, including risks related to the block cave mining method and\nproduction ramp-up uncertainty; the risk that infill drilling does not support\nresource conversion from Inferred to Indicated or Measured categories; delays\nin permitting, environmental assessment, or regulatory approvals; the\navailability of financing on acceptable terms; labour availability and costs;\nwater treatment and tailings management costs exceeding estimates; the risk\nthat the Parobamba Community agreement is not renewed beyond its current term;\nand political or regulatory changes in Peru, including changes in mining law,\nfiscal regime, consulta previa processes, and general political risk.\n\nThe Company does not undertake any obligation to update or revise any\nforward-looking information, whether as a result of new information, future\nevents, or otherwise, except as required by applicable securities laws.\nReaders are cautioned not to place undue reliance on forward-looking\ninformation.\n\nNon-IFRS Measures\n\nThis news release refers to certain financial performance measures that are\nnot defined or recognized under International Financial Reporting Standards\n(\"IFRS\"), including: after-tax and pre-tax net present value (\"NPV\") at\nvarious discount rates; internal rate of return (\"IRR\"); payback period from\nfirst production; operating costs per tonne milled (including mining,\nprocessing, general and administrative, and off-site/refining costs); initial\ncapital cost; sustaining and underground development capital; closure costs;\ntotal life-of-mine capital; and total life-of-mine gross revenue. These\nnon-IFRS measures are presented because the Company and its management believe\nthey provide useful information regarding the economic potential of the Aurora\nProject as contemplated in the PEA and are commonly used by the mining\nindustry and investors to evaluate development-stage projects.\n\nThese measures do not have any standardized meaning prescribed under IFRS and\nmay not be comparable to similar measures presented by other companies. They\nshould not be considered in isolation or as a substitute for measures of\nperformance prepared in accordance with IFRS. As the Aurora Project is in the\ndevelopment stage, the Company does not currently have IFRS financial measures\nagainst which these non-IFRS measures can be reconciled.\n\nFor reference, the following definitions apply: NPV is calculated by\ndiscounting projected after-tax (or pre-tax, as applicable) free cash flows at\nthe stated discount rate over the life of the mine plan. IRR is the discount\nrate at which the NPV of the project's after-tax free cash flows equals zero.\nPayback period is the estimated time to recover the initial capital investment\nfrom after-tax operating cash flows. Operating costs per tonne milled\nrepresent estimated total operating expenditures divided by total mineralized\nmaterial tonnes milled over the applicable period or phase. Initial capital\ncost and sustaining and underground development capital represent the\nestimated capital expenditures required to construct and operate the project\nas contemplated in the PEA. Total life-of-mine gross revenue represents the\nestimated undiscounted gross value of payable metals produced over the Phase 1\nmine life, calculated using the commodity price assumptions set out in the\nPEA, before deduction of smelting, refining, transportation, or royalty costs.\nAll non-IFRS measures presented herein are based on the estimates,\nassumptions, and inputs described in the PEA and the NI 43-101 Technical\nReport to be filed on SEDAR+ within 45 days of this news release. Readers are\ncautioned not to place undue reliance on these measures. See also \"Cautionary\nNote Regarding the PEA and Forward-Looking Information\" above.\n\nAdditional information relating to the Company can be obtained under the\nCompany's profile on SEDAR+ at www.sedarplus.ca, and on the Company's website\nat www.dlpresourcesinc.com.\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/312322","article_body_html":"","raw_payload":{"data":{"id":"nNFCbz8Hzx","title":"DLP Announces Positive Preliminary Economic Assessment (\"PEA\") for the Aurora Copper-Molybdenum Project, with Significant Multi-Phase Expansion Potential","author":"Newsfile Corp","ticker":"DLP","created":"2026-09-01T10:00:18.516Z","tickers":["DLP"],"exchange":"","article_body":"(All figures in United States Dollars unless otherwise stated)\n\nThe PEA establishes Aurora as a Large-Scale, Long-Life Copper-Molybdenum\nAsset; Deliberate Phased Development Approach Designed to Maximize Returns on\nInitial Capital and Preserve Potential Multi-Phase Underground Expansion\n\nHighlights\n* Base case after-tax NPV8% of $2,703 M, after-tax IRR of 18.5%, and payback\nperiod of 5.2 years from start of production, at long-term commodity price\nassumptions of $4.90/lb copper, $25.40/lb molybdenum, and $45.30/oz silver.\n* At spot prices as of August 26, 2026 ($6.47/lb copper, $33.57/lb molybdenum\nand $68.50/oz silver), a spot price sensitivity case generates an after-tax\nNPV8% of $4,812 M, after-tax IRR of 24.9%, and payback period of 3.8 years.\n* PEA establishes Aurora as one of the highest-grade molybdenum projects in\nthe world, mining an average molybdenum grade of 0.20% Mo across 15 years of\nunderground mining, peaking at 0.25% in year 10.\n* 17.5-year mine-life with 402.9 million tonnes processed at 65,000 tonnes per\nday with multi-phase expansion potential beyond 17.5 years.* a 7-year open pit\nphase mining 237.3 million tonnes of mineralized material at a 0.95:1 strip\nratio\n* a 15-year underground phase mining 165.6 million tonnes of mineralized\nmaterial, with stockpile processing in parallel.\n\n* Average annual production of 90.5 million pounds payable copper, 37.4\nmillion pounds payable molybdenum and 1.21 million ounces payable silver with\npeak copper production of 154 million payable pounds in year 3.\n* Total payable production of approximately 1,629 million pounds of copper,\n673 million pounds of molybdenum and 21.8 million ounces of silver, generating\ntotal gross revenue of approximately $26,072 million over the mine life.\n* Initial capital cost estimate of $2,377 million, including contingency, with\nsustaining and underground development capital of approximately $1,160 million\nand closure costs of approximately $121 million.\n* Updated Mineral Resource Estimate contained in PEA establishes a strong\nfoundation, with a combined open pit and out of pit resource:* Indicated:\n614.84 Mt grading 0.19% Cu, 0.06% Mo, 2.09 g/t Ag (7,497.53 Mlbs Copper\nEquivalent at 0.55% CuEq)\n* Inferred: 1,118.80 Mt grading 0.18% Cu, 0.07% Mo, 1.95 g/t Ag (14,265.23\nMlbs Copper Equivalent at 0.58% CuEq)\nCranbrook, British Columbia--(Newsfile Corp. - September 1, 2026) - DLP\nResources Inc. (TSXV: DLP) (OTCQB: DLPRF) (FSE: J8C) (\"DLP\" or the\n\"Company\") is pleased to announce the results of a Preliminary Economic\nAssessment (\"PEA\") for its 100%-owned Aurora Copper-Molybdenum-Silver Project\n(\"Aurora\" or the \"Project\"), located 60 km northeast of Cusco, Peru. The PEA\nwas prepared in accordance with National Instrument 43-101 (\"NI 43-101\") by\nGlobal Resource Engineering Ltd. (\"GRE\"), Ausenco Engineering Canada ULC\n(\"Ausenco\") and SRK Consulting (Canada) Inc. (\"SRK\"), and incorporates an\nupdated Mineral Resource Estimate (\"MRE\"). The Company will also be hosting a\nlive webcast regarding the PEA, featuring DLP's CEO Ian Gendall and the\nTechnical Committee on September 1, 2026 at 1:00 pm (Toronto time).\nParticipants can register to attend at the following link:\nhttps://zoom.us/webinar/register/WN_G1PhTuayTEeIomxTV5irOg\n\n\"The results of the Aurora PEA confirm what our geological and technical work\nhas long suggested: this is a copper-molybdenum-silver deposit with the scale,\ngrade and production profile to support compelling development pathway. The\nPEA demonstrates robust cashflows, competitive operating costs, reasonable\ncapital costs and robust financial returns, including an after-tax NPV8% of\n$2,703 million and an 18.5% IRR with substantial upside leverage to rising\ncopper and molybdenum prices. Importantly, this PEA represents only the first\nchapter of the Aurora story, reflecting 402.9 million tonnes of mineralized\nmaterial, or approximately 30% of the MRE, which shows an Indicated resource\nof 614.84 million tonnes at 0.19% Cu, 0.06% Mo and 2.09 g/t Ag and an Inferred\nresource of 1,118.80 million tonnes at 0.18% Cu, 0.07% Mo and 1.95 g/t Ag. As\nsuch, a significant portion of the MRE has not been included in the PEA,\npreserving future underground expansion optionality beyond what is\ncontemplated within this initial 17.5-year mine plan. We intend to advance\nAurora towards pre-feasibility while simultaneously scoping the underground\nexpansion optionality and look forward to engaging with strategic partners on\nthis multi-phase development program,\" commented Ian Gendall, CEO of DLP.\n\nProject Overview\n\nThe 100%-owned Aurora spans 12,500 hectares in Peru's Cusco province, with\neasy road access and power infrastructure nearby. On June 22, 2026\n(https://api.newsfilecorp.com/redirect/YEyR7ux8PW), DLP announced that the\nlocal Parobamba Community, where Aurora is located, approved a six-year\nextension of the land use and exploration agreement, demonstrating the strong,\ncollaborative relationship DLP has built with the local community and\nproviding the Company with the long-term access and social license to advance\nthe project through its next stages of development.\n\nThe PEA represents an initial development case for Aurora, deliberately\ndesigned to maximize after-tax returns and capital efficiency on initial\ninvested capital. The PEA mine plan encompasses 402.9 million tonnes of\nmineralized material, representing approximately 30% of Aurora's MRE,\nconcentrating the initial 17.5-year mine plan on the highest-confidence,\nhighest-value portions of the deposit accessible by open pit and underground\nmining methods. The resources outside of the mine plan define a clear\nexpansion opportunity. As such, the Company intends to advance an infill and\nextensional drill program at Aurora to advance resource classification and\nsupport incorporation of material outside of the mine plan into subsequent\nPrefeasibility or Feasibility studies. Management views this PEA as an initial\nPhase 1, providing a foundation for a long-term, multi-decade mining district,\nwith today's mine plan representing the first of several possible development\nphases. The PEA establishes Aurora as one of Peru's emerging\ncopper-molybdenum-silver development assets, with a project profile\ncharacterized by a long-life, high-value molybdenum production base alongside\nmeaningful copper and silver co-production.\n\nThe Company notes the PEA is preliminary in nature and there is no certainty\nthat the PEA will be realized. The PEA includes Inferred Mineral Resources\nthat are considered too speculative geologically to have economic\nconsiderations applied to them that would enable them to be categorized as\nmineral reserves. Mineral Resources that are not Mineral Reserves do not have\ndemonstrated economic viability. The Company also notes that a multi-phase\nunderground development scenario has not been evaluated in the current PEA, no\neconomic analysis has been applied to potential additional resources, and\nthere is no certainty that any multi-phase underground expansion would be\nrealized. DLP views the multi-phase underground expansion opportunity as a\nsignificant source of longer-term value not captured in the PEA economics and\nintends to advance dedicated multi-phase underground scoping work as a\npriority workstream.\n\nTable 1) PEA Economic Summary\n\n Metric Unit Base Case \n Base Case After-Tax Economics \n NPV8% $M 2,703 \n After-Tax IRR % 18.5 \n Payback Period years 5.2 \n NPV / Initial CAPEX ratio 1.14 \n \n Pricing Assumptions \n Copper $/lb 4.90 \n Molybdenum $/lb 25.40 \n Silver $/oz 45.30 \n \n LOM Gross Revenue Contribution \n LOM Revenue $M 26,072 \n Copper % 30.6 \n Molybdenum % 65.6 \n Silver % 3.8 \n \n Mining Metrics \n Mine Life Years 17.5 \n OP Mineralized Material Mt 237.3 \n OP Strip Ratio w:o 0.95 \n OP Copper Grade (LOM) % 0.33 \n OP Molybdenum Grade (LOM) % 0.01 \n OP Silver Grade (LOM) g/t 3.52 \n UG Mineralized Material (LOM) Mt 165.6 \n UG Copper Grade (LOM) % 0.07 \n UG Molybdenum Grade (LOM) % 0.20 \n UG Molybdenum Grade (Peak - Year 10) % 0.25 \n UG Silver Grade (LOM) g/t 0.72 \n \n Processing Metrics \n Mineralized Material Milled Mt 402.9 \n Copper grade (LOM) % 0.22 \n Copper grade (years 1-6) % 0.30 \n Molybdenum grade (LOM) % 0.09 \n Molybdenum grade (years 7-14) % 0.14 \n Silver grade (LOM) g/t 2.37 \n \n Copper recovery % 85.50 \n Molybdenum recovery % 88.50 \n Silver recovery % 74.00 \n \n Payable Copper (Annual) Million pounds per year 90.5 \n Payable Copper (LOM) Million pounds 1,629 \n Payable Molybdenum (Annual) Million pounds per year 37.4 \n Payable Molybdenum (LOM) Million pounds 673 \n Payable Silver (Annual) Million ounces per year 1.21 \n Payable Silver (LOM) Million ounces 21.8 \n Payable Copper Equivalent (Annual) Million pounds 301.0 \n Payable Copper Equivalent (LOM) Million pounds 5,418 \n \n Cost Metrics \n Initial Capital Cost $M 2,377 \n Sustaining + UG Development Capital $M 1,160 \n Closure & Reclamation $M 121 \n\n \n\nMining Methods\n\nThe mine plan consists of two principal mining methods: a conventional\ntruck-and-shovel open pit operation to year 4 of the mine life (including\nstockpiling mineralized material), followed by underground mining of the\nhigher-grade molybdenum core between years 3 and 17. Underground mineralized\nmaterial will be processed alongside stockpiled open pit material.\n\nOpen Pit Mining (Years -3 to 4)\n\nThe open pit mine plan is based on a conventional truck-and-shovel operation\nproducing a total of 237.3 million tonnes of mineralized material at a design\nthroughput of 65,000 tonnes per day. The open pit strip ratio of 0.95:1\n(waste:mineralized material) reflects the favorable geometry and continuity of\nthe near-surface mineralized body. The open pit mine plan will see average\nmined grades of 0.33% copper, 0.01% molybdenum and 3.52 g/t silver.\n\nUnderground Mining (Years 3 to 17)\n\nFollowing completion of open pit mining, operations transition to underground\nextraction of the higher-grade molybdenum-enriched core of the Aurora deposit.\nUnderground development commences simultaneously with the opening of the open\npit mine, using a block cave mining method, with level access established\nduring late open pit years. The underground mine plan will see 165.6 million\ntonnes mined at an average molybdenum grade of 0.20% Mo, positioning Aurora as\na robust, high grade molybdenum project.\n\n(https://images.newsfilecorp.com/files/6456/312322_81a369b474194a0e_001full.jpg)\n\nFigure 1) Open Pit Mine Production\n\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/6456/312322_81a369b474194a0e_001full.jpg\n\n(https://images.newsfilecorp.com/files/6456/312322_81a369b474194a0e_002full.jpg)\n\nFigure 2) Underground Cave Production\n\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/6456/312322_81a369b474194a0e_002full.jpg\n\nUpdated Mineral Resource Estimate\n\nIn connection with the PEA, an updated MRE has been completed for the Aurora\ndeposit by Terre Lane of Global Resource Engineering, an independent Qualified\nPerson as defined by NI 43-101. The MRE has an effective date of April 30,\n2026. The updated MRE incorporates data from 28 drill holes totaling 22,613.38\nmetres and reflects revised geological modelling, updated metallurgical\nrecovery assumptions, and the incorporation of recent infill drilling results.\n\nThe MRE is classified in accordance with the 2014 CIM Definition Standards on\nMineral Resources and Reserves and was estimated in accordance with the CIM\n2019 Best Practices Guidelines. The resource has been constrained by an open\npit shell (OP domain) or by a conceptual underground extraction envelope (UG\ndomain) demonstrating reasonable prospects for eventual economic extraction.\n\nTable 2) Updated Mineral Resource Estimate (effective April 30, 2026)\n\n Classification Tonnes (Mt) Cu (%) Mo (%) Ag (g/t) CuEq (%) CuEq (Mlbs) \n Open Pit (NSR Cut-off: $6.9/t ) \n Indicated 382.58 0.24 0.020 2.55 0.37 3,118.21 \n Inferred 537.86 0.25 0.023 2.96 0.40 4,737.91 \n Underground (NSR Cut-off: $25/t) \n Indicated 232.27 0.12 0.134 1.32 0.86 4,379.31 \n Inferred 580.94 0.11 0.117 1.02 0.74 9,527.32 \n Total \n Indicated 614.84 0.19 0.06 2.09 0.55 7,497.53 \n Inferred 1,118.80 0.18 0.07 1.95 0.58 14,265.23 \n Notes: CuEq(lb) = Cu(lb)+Mo(lb)*((Mo Price*Mo Recovery*Mo Payability)/(Cu Price*Cu Recovery*Cu Payability))+Ag(lb)*((Ag Price*Ag Recovery*Ag Payability)/(Cu Price*Cu Recovery*Cu Payability)), using $4.90/lb Cu, $25.40/lb Mo, $45.30/oz Ag, 85.5% Cu recovery, 88.5% Mo recovery, 74% Ag recovery, 96.5% Cu payability, 96% Mo payability, 96% Ag payability (2) Cut-off grades: OP domain US$ 6.9/t NSR; UG domain US$ 25/t NSR. (3) Mineral Resources that are not Mineral Reserves do not have demonstrated economic \n viability. (4) Numbers may not sum due to rounding. \n\n \n\nQP Disclosure\n\nThe geological setting, mineralization, deposit characterization, exploration,\ndrilling, sampling, analytical information, and data verification were\nprepared under the direction of Hamid Samari, Ph.D., QP, Principal Geologist\nat GRE. Dr. Samari meets the requirements for a QP as set out in his\nCertificate of Qualified Person.\n\nDr. Samari reviewed and verified the data supporting the Mineral Resource\nEstimate, including the geological and drillhole database, sampling\ninformation, analytical data, QA/QC results, and supporting documentation. As\npart of the data verification, Dr. Samari conducted a site visit to the Aurora\nProject on June 2-3, 2026, during which he reviewed the project geology, drill\ncore, core logging and sampling procedures, and other relevant geological\ninformation. Independent check samples were collected and submitted for\nlaboratory analysis. The copper (Cu), silver (Ag), and molybdenum (Mo) assay\nresults obtained from the independent check samples were compared with the\ncorresponding assay results reported in the project database. The comparison\nshowed reasonable agreement between the two sets of results and provided\nadditional verification of the analytical data supporting the Mineral Resource\nEstimate. Based on these verification procedures, Dr. Samari considers the\ndata and information used to support the Mineral Resource Estimate to be\nsufficiently reliable for this purpose. No material limitations on the\nverification process or material failures to verify the data were identified.\n\nProcessing & Metallurgy\n\nThe Aurora PEA contemplates a conventional milling and froth flotation process\nplant designed to treat 65,000 tonnes of mineralized material per day. The\nprocess plant is designed to produce a copper concentrate grading\napproximately 25% Cu and a molybdenum concentrate grading approximately 55%\nMo.\n\nMetal recoveries to concentrate average 85.5% for copper, 88.5% for\nmolybdenum, and 74.0% for silver. Silver reports to the copper concentrate as\na by-product credit. The recoveries take into account mineralized material\nfrom various zones and the blending of various zones to feed the plant.\nPayable metal assumptions applied in the economic analysis reflect smelter and\nrefinery terms of 96.5% payability for copper and 96.0% payability for\nmolybdenum and silver.\n\nTailings from the flotation circuit will be filtered and placed in a drystack\ntailings facility and managed in accordance with applicable Peruvian\nregulatory requirements, including the standards established under the\nEnvironmental Impact Assessment (EIA-d) process overseen by Peru's Ministry of\nEnergy and Mines (MINEM). The Company is evaluating tailings storage facility\ndesign options as part of ongoing engineering studies.\n\n(https://images.newsfilecorp.com/files/6456/312322_dlp-figure3.jpg)\n\nFigure 3) Processing Schedule\n\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/6456/312322_dlp-figure3.jpg\n\nCapital & Operating Costs\n\nInitial capital is estimated at $2,377 million over a 3-year construction\nperiod, and is based on the costs outlined in Table 3, below:\n\nTable 3) Breakdown of Initial Capital\n\n Initial Capital Expenditure Cost ($M) \n Mine (OP) 530.9 \n Mine (UG) 202.4 \n Plant 502.1 \n Tailings 332.1 \n Infrastructure 219.1 \n Indirects 137.6 \n Permitting 4.0 \n Owner's costs 76.5 \n Contingency 372.3 \n Total 2,377 \n\n \n\nSustaining and underground development capital over the life of mine (through\nyear 20) is estimated at $1,160 million, with total closure costs estimated at\n$121M.\n\nWorking capital of $24.7 million in year 1.\n\nOperating costs are estimated at $13.05/t processed based on the costs\noutlined in Table 4, below.\n\nTable 4) Breakdown of Operating Costs\n\n Operating Cost Cost ($/t mined) (1) Cost ($/t milled) (2) \n Mining (OP) 1.72 1.08 \n Mining (UG) 6.90 2.35 \n Processing 5.19 \n Rehandling 0.32 \n Tailings 1.78 \n Water treatment 0.07 \n G&A 1.07 \n Contingency 1.19 \n Total 13.05* \n (1)Total mine operating costs per tonne mined, including pre-production mining costs \n (2)Operating costs less capitalized pre-production mining costs per total tonnes milled \n\n \n\nLife of Mine C1 cash costs are calculated on a co-product basis: $0.90/lb\ncopper; $7.83/lb molybdenum. Stockpiled material costs (during the\npre-production period) have been excluded from the C1 cash cost and included\nin the pre-production capital cost.\n\nEconomic Analysis Results\n\nThe PEA highlights an after-tax NPV8% of $2,703 million corresponding to an\nIRR of 18.5% and a 5.2-year payback period. Assumptions, including commodity\npricing used as part of the economic analysis is outlined in Table 6 below:\n\nTable 5) Commodity Price Assumptions\n\n Pricing Assumptions \n Copper $/lb 4.90 \n Molybdenum $/lb 25.40 \n Silver $/oz 45.30 \n\n \n\nTable 6) Sensitivity to Copper and Molybdenum Prices, Capital Cost and\nOperating Cost\n\n Copper Price Sensitivity \n -25% Base Case +25% \n After-Tax NPV8% $2,101 $2,703 $3,286 \n IRR 16.0% 18.5% 20.8% \n Payback 6.2 5.2 4.4 \n NPV to Initial Capex 0.88 1.14 1.38 \n\n \n\n Molybdenum Price Sensitivity \n -25% Base Case +25% \n After-Tax NPV8% $1,745 $2,703 $3,656 \n IRR 15.5% 18.5% 20.9% \n Payback 5.8 5.2 4.8 \n NPV to Initial Capex 0.73 1.14 1.54 \n\n \n\n Base Case vs. Spot Pricing \n Base Case Spot* \n After-Tax NPV8% $2,703 $4,812 \n IRR 18.5% 24.9% \n Payback 5.2 3.8 \n NPV to Initial Capex 1.14 2.02 \n *Spot pricing as of Aug 26, 2026: Copper - $6.47/lb; Molybdenum - $33.57/lb; Silver - $68.50/oz. \n\n \n\n Capital Cost Sensitivity \n -25% Base Case +25% \n After-Tax NPV8% $3,422 $2,703 $1,988 \n IRR 23.8% 18.5% 14.7% \n\n \n\n Operating Cost Sensitivity \n -25% Base Case +25% \n After-Tax NPV8% $3,136 $2,703 $2,263 \n IRR 20.5% 18.5% 16.5% \n\n \n\nInfrastructure & Site Layout\n\nThe site layout incorporates the process plant, tailings and waste management\nfacilities, camp infrastructure, and water management systems within a\nconsolidated footprint designed to support efficiency. Tailings are planned to\nbe managed in a dry stack tailings facility (DSTF) and potential acid\ngenerating (PAG) waste rock storage facility (WRSF), utilizing favourable\ntopographic conditions adjacent to the process plant site. The tailings and\nwaste management facilities have been designed and sited with the long-term\ndevelopment potential of the Aurora deposit in mind, and the selected\nfootprint provides a foundation from which future expansion capacity could be\ndeveloped as the project advances. The Company will continue to refine site\nlayout and infrastructure design as it advances Aurora toward a\nPre-Feasibility Study (\"PFS\").\n\n(https://images.newsfilecorp.com/files/6456/312322_81a369b474194a0e_004full.jpg)\n\nFigure 4) Site Layout\n\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/6456/312322_81a369b474194a0e_004full.jpg\n\nOpportunities\n\nThe PEA mine plan has been deliberately designed to deliver the optimal\nafter-tax return on initial invested capital. By focusing the first phase of\ndevelopment on the highest-value portions of the Aurora deposit, the Company\nhas structured the mine plan as a compelling, financeable standalone project\nwhile simultaneously preserving the potential for future phases to capture the\nfull resource potential of the Aurora deposit.\n\nThis disciplined, phased development philosophy is consistent with practices\nadopted at analogous large-scale porphyry copper-molybdenum development\nprojects. DLP believes this approach at Aurora appropriately sequences capital\ndeployment to maximize shareholder value at each stage of development.\n\nMulti-phase Expansion Potential\n\nAurora's envisioned mine plan is contemplated as an approximate 30% subset of\nthe Indicated and Inferred MRE. DLP views the resources outside of the mine\nplan, together with additional exploration targets as the natural foundation\nfor multi-phase underground expansion, which the Company expects to advance\nthrough dedicated infill and conversion drilling and scoping studies in\nparallel with PFS activities. Subject to resource conversion, engineering\nstudies, and regulatory approvals, a multi-phase development scenario has the\npotential to materially extend Aurora's mine life and increase annual\nproduction rates beyond the current Phase 1 PEA.\n\nAs illustrated in Figure 5, mineralization at Aurora extends well beyond the\nboundaries of the Phase 1 mine plan, with the deposit remaining open to the\nwest, east, and at depth. The current MRE boundaries are defined by drilling\nextent rather than geological limits, and all mineralized zones shown in the\nsection, including lower-grade material at the margins, carry positive\neconomic margins above projected operating costs.\n\nA key feature of Aurora's long-term value proposition is the infrastructure\nleverage inherent in a phased development approach. The 65,000 tonne-per-day\nprocessing facility constructed under the Phase 1 capital program represents\nthe single largest infrastructure investment required to bring the project\ninto production. Advancing a potential Phase 2 underground expansion would\nrequire a materially lower incremental capital outlay, concentrated primarily\non underground development and a new dry-stack tailings facility, while\nutilizing the processing infrastructure already in place. DLP intends to\nadvance an infill and extensional drilling program to further define Aurora's\nresource base and support economic evaluation of a future Phase 2 expansion,\nwith Phase 2 scoping work expected to advance in parallel with ongoing Phase 1\ndevelopment studies.\n\n(https://images.newsfilecorp.com/files/6456/312322_81a369b474194a0e_005full.jpg)\n\nFigure 5) Aurora Deposit Cross Section - NSR/tonne ($)\n\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/6456/312322_81a369b474194a0e_005full.jpg\n\nA NI 43-101 Technical Report will be filed on SEDAR+ within 45 days of this\nnews release.\n\nNext Steps\n\nThe positive PEA results provide a strong technical and economic foundation\nfor Aurora's advancement. DLP Resources intends to take the following steps:\n* Continue engagement with potential strategic partners, major mining\ncompanies, and financial institutions regarding project-level investment and\nfinancing structures commensurate with Aurora's scale and economics.\n* Initiate PFS planning, including infill and geotechnical drilling,\nmetallurgical testwork, and engineering trade-off studies to advance the\nproject toward a PFS-level cost estimate.\n* Advance dedicated multi-phase underground expansion scoping, including\ninfill and conversion drilling on resources currently outside the envisioned\nmine plan, conceptual underground engineering, and evaluation of development\nsequencing and capital structuring for a multi-phase program. Further studies\nfor a second dry stack tailings location for Phase 2.\n* Advance environmental baseline programs and initiate environmental\nassessment readiness planning.\n* Continue respectful engagement with local communities, governments, and\nstakeholders as Aurora advances.\nQualified Persons\n\nMr. Gendall, CEO & President of the company is the qualified person as defined\nby National Instrument 43-101. Mr. Gendall has reviewed and approved the\ntechnical contents of this news release.\n\nThe following people are intendent qualified persons for the technical report\nand have reviewed and verified the disclosure in this news release against the\ninformation in the technical report they are responsible for:\n*\nThe geological setting, mineralization, deposit characterization, exploration,\ndrilling, sampling, analytical information, and data verification were\nprepared under the direction of Hamid Samari, Ph.D., QP, Principal Geologist\nat GRE. Dr. Samari meets the requirements for a QP as set out in his\nCertificate of Qualified Person.\n*\nThe Mineral Resource Estimate, conceptual design of the open pit mine, waste\nrock storage facility, stockpile, primary crusher and open-pit mine equipment\nshop and related facilities, and economic modeling were prepared under the\ndirection of Terre Lane, Principal Mine Engineer at GRE. Ms. Lane meets the\nrequirements for a QP as set out in her Certificate of Qualified Person.\n*\nThe process testwork results were interpreted and a process design prepared\nunder the direction of Todd Harvey, President and Director of Process\nEngineering at GRE. Dr. Harvey meets the requirements for a QP as set out in\nhis Certificate of Qualified Person.\n*\nThe mine water balance, water treatment plant, remediation, and closure were\nprepared under the direction of Larry Breckenridge, Principal Environmental\nEngineer at GRE. Mr. Breckenridge meets the requirements for a QP as set out\nin his Certificate of Qualified Person.\n*\nThe conceptual design of the underground mine, block cave production plan, and\nestimation of underground mining capital and operating cost were prepared\nunder the direction of Josh Parsons, Senior Consultant at SRK. Mr. Parsons\nmeets the requirement for a QP as set out in his Certificate of Qualified\nPerson.\n*\nThe underground geotechnical and block caving assessments were prepared under\nthe direction of Jarek Jakubec, Corporate Consultant at SRK. Mr. Jakubec meets\nthe requirement for a QP as set out in his Certificate of Qualified Person.\n*\nThe conceptual underground infrastructure design was prepared under the\ndirection of Carl Kottmeier, Principal Consultant at SRK. Mr. Kottmeier meets\nthe requirement for a QP as set out in his Certificate of Qualified Person.\n*\nThe conceptual underground ventilation design was prepared under the direction\nof Brian Prosser, Principal Consultant at SRK. Mr. Prosser meets the\nrequirement for a QP as set out in his Certificate of Qualified Person.\n*\nThe conceptual design of the dry stack tailings facility, filter plant,\ngeneral site development, access roads and camp were prepared under the\ndirection of Scott Elfen, Global Technical Leader - Mine Waste Solutions at\nAusenco. Mr. Elfen meets the requirements for a QP as set out in his\nCertificate of Qualified Person.\n*\nThe conceptual design of the power distribution on site was prepared under the\ndirection of Kevin Murray, Principal Process Engineer at Ausenco. Mr. Murray\nmeets the requirements for a QP as set out in his Certificate of Qualified\nPerson.\n\nCompany Conference Call\n\nThe Company will host a webinar to discuss the results of the PEA at 1:00 PM\nET / 10:00 AM Pacific Time on Tuesday, September 1, 2026. To join the webinar,\nplease register at:\nhttps://zoom.us/webinar/register/WN_G1PhTuayTEeIomxTV5irOg\n\nAbout DLP Resources Inc.\n\nDLP Resources Inc. is a copper-focused development company advancing two\n100%-owned projects in southern Peru: Aurora and Esperanza.\n\nAurora is a large-scale porphyry copper-molybdenum-silver deposit containing a\ncombined open pit and underground indicated resource of 614.84 million tonnes\nat 0.19% Cu, 0.06% Mo and 2.09 g/t Ag, and an inferred resource of 1,118.80\nmillion tonnes at 0.18% Cu, 0.07% Mo and 1.95 g/t Ag. An independent\nPreliminary Economic Assessment completed in September 2026 established an\nafter-tax NPV8% of US$2,703 million and an IRR of 18.5%, based on a 17.5-year\nmine life utilizing open pit and underground mining methods. Aurora's robust\nproduction profile contemplates payable production of 90.5 million pounds per\nyear of copper, 37.4 million pounds per year of molybdenum and 1.21 million\nounces per year of silver.\n\nEsperanza is an emerging district-scale copper-gold discovery located 35km\nfrom Cerro Verde, one of the world's largest copper mines. A 5.0km × 2.5km\nmagnetic anomaly is supported by high-grade surface and trench sampling\nresults, with a maiden drill programme planned for Q3 2026.\n\nDLP is listed on the TSX-V (DLP), on the OTCQB (DLPRF), and on the FSE (J8C).\n\nFOR FURTHER INFORMATION, PLEASE CONTACT:\n\nDLP RESOURCES INC.\nIan Gendall, President and Chief Executive Officer\niangendall@dlpresourcesinc.com\n\nGautam Iyer, VP Corporate Development & Investor Relations\ngautamiyer@dlpresourcesinc.com\n\nCautionary Note Regarding the PEA and Forward-Looking Information\n\nThe results of the PEA are preliminary in nature. The PEA is based on a\nMineral Resource Estimate that has not been upgraded to a Mineral Reserve and\nthe economic analysis does not have as high a level of certainty as a\nPre-Feasibility Study or Feasibility Study. The PEA includes Inferred Mineral\nResources that are considered too speculative geologically to have economic\nconsiderations applied to them that would enable them to be classified as\nMineral Reserves. There is no certainty that the PEA will be realized. Actual\ncapital costs, operating costs, production rates, metallurgical recoveries,\nand project economics may differ materially from those set out in the PEA. The\nPEA is subject to various risks and uncertainties, including those related to\ncommodity prices, exchange rates, capital and operating costs, permitting\ntimelines, and the availability of financing.\n\nThis news release contains forward-looking information within the meaning of\napplicable Canadian securities laws. Forward-looking information includes, but\nis not limited to, statements regarding the results of the PEA, including\nprojected NPV, IRR, payback period, capital and operating costs, production\nrates, mine life, grades, metallurgical recoveries, and revenue; the\ncharacterisation of the PEA as representing Phase 1 of a long-term,\nmulti-decade mining district with multi-phase underground expansion potential;\nthe Company's intention to advance an infill and extensional drill program to\nadvance resource classification and support incorporation of material outside\nthe mine plan into subsequent studies; the Company's plans to advance Aurora\ntoward a PFS, including infill and geotechnical drilling, metallurgical\ntestwork, and engineering trade-off studies; plans to advance dedicated\nmulti-phase underground expansion scoping, including infill and conversion\ndrilling, conceptual underground engineering, and evaluation of development\nsequencing; the potential for multi-phase underground expansion to materially\nextend Aurora's mine life and increase annual production rates beyond the PEA;\nplans to advance environmental baseline programs and initiate environmental\nassessment readiness planning; the Company's intention to continue engagement\nwith local communities, governments, and stakeholders; expectations regarding\npotential strategic partnerships, major mining companies, and financial\ninstitutions regarding project-level investment and financing; the Company's\nplans to continue to refine site layout and infrastructure design as it\nadvances toward a Pre-Feasibility Study; and the timing for filing of the NI\n43-101 Technical Report on SEDAR+.\n\nForward-looking information is based on various assumptions, including the\nfollowing material assumptions: long-term commodity prices of US$4.90/lb\ncopper, US$25.40/lb molybdenum, and US$45.30/oz silver; achievement of\nestimated metallurgical recoveries of 85.5% for copper, 88.5% for molybdenum,\nand 74% for silver; achievement of a sustained processing rate of 65,000\ntonnes per day; open pit and underground mine designs, production schedules,\nand extraction methods as described in the PEA; capital and operating cost\nestimates being achieved substantially as described; the continued\navailability of the required workforce, equipment, and services necessary to\nadvance and operate the Project; the ability to obtain all necessary permits\nand regulatory approvals on a timely basis; the maintenance of political\nstability and a favourable regulatory and fiscal environment in Peru; the\nsix-year land use and exploration agreement with the Parobamba Community\nremaining in good standing and being renewed or extended as required; the\nability to secure financing for the Project on acceptable terms; the\nsuccessful conversion of Inferred Mineral Resources to higher-confidence\ncategories through infill drilling; and continued favourable geotechnical\nconditions supporting the planned block cave mining method.\n\nForward-looking information is subject to a number of risks and uncertainties,\nmany of which are beyond the Company's control. Actual results, performance,\nor achievements could differ materially from those projected in the\nforward-looking information as a result of factors including, but not limited\nto: changes in copper, molybdenum, and silver prices; foreign exchange\nfluctuations between the U.S. dollar, Canadian dollar, and Peruvian sol;\nactual metallurgical performance differing from test results at commercial\nscale; capital and operating cost overruns; geotechnical and hydrological\nconditions, including risks related to the block cave mining method and\nproduction ramp-up uncertainty; the risk that infill drilling does not support\nresource conversion from Inferred to Indicated or Measured categories; delays\nin permitting, environmental assessment, or regulatory approvals; the\navailability of financing on acceptable terms; labour availability and costs;\nwater treatment and tailings management costs exceeding estimates; the risk\nthat the Parobamba Community agreement is not renewed beyond its current term;\nand political or regulatory changes in Peru, including changes in mining law,\nfiscal regime, consulta previa processes, and general political risk.\n\nThe Company does not undertake any obligation to update or revise any\nforward-looking information, whether as a result of new information, future\nevents, or otherwise, except as required by applicable securities laws.\nReaders are cautioned not to place undue reliance on forward-looking\ninformation.\n\nNon-IFRS Measures\n\nThis news release refers to certain financial performance measures that are\nnot defined or recognized under International Financial Reporting Standards\n(\"IFRS\"), including: after-tax and pre-tax net present value (\"NPV\") at\nvarious discount rates; internal rate of return (\"IRR\"); payback period from\nfirst production; operating costs per tonne milled (including mining,\nprocessing, general and administrative, and off-site/refining costs); initial\ncapital cost; sustaining and underground development capital; closure costs;\ntotal life-of-mine capital; and total life-of-mine gross revenue. These\nnon-IFRS measures are presented because the Company and its management believe\nthey provide useful information regarding the economic potential of the Aurora\nProject as contemplated in the PEA and are commonly used by the mining\nindustry and investors to evaluate development-stage projects.\n\nThese measures do not have any standardized meaning prescribed under IFRS and\nmay not be comparable to similar measures presented by other companies. They\nshould not be considered in isolation or as a substitute for measures of\nperformance prepared in accordance with IFRS. As the Aurora Project is in the\ndevelopment stage, the Company does not currently have IFRS financial measures\nagainst which these non-IFRS measures can be reconciled.\n\nFor reference, the following definitions apply: NPV is calculated by\ndiscounting projected after-tax (or pre-tax, as applicable) free cash flows at\nthe stated discount rate over the life of the mine plan. IRR is the discount\nrate at which the NPV of the project's after-tax free cash flows equals zero.\nPayback period is the estimated time to recover the initial capital investment\nfrom after-tax operating cash flows. Operating costs per tonne milled\nrepresent estimated total operating expenditures divided by total mineralized\nmaterial tonnes milled over the applicable period or phase. Initial capital\ncost and sustaining and underground development capital represent the\nestimated capital expenditures required to construct and operate the project\nas contemplated in the PEA. Total life-of-mine gross revenue represents the\nestimated undiscounted gross value of payable metals produced over the Phase 1\nmine life, calculated using the commodity price assumptions set out in the\nPEA, before deduction of smelting, refining, transportation, or royalty costs.\nAll non-IFRS measures presented herein are based on the estimates,\nassumptions, and inputs described in the PEA and the NI 43-101 Technical\nReport to be filed on SEDAR+ within 45 days of this news release. Readers are\ncautioned not to place undue reliance on these measures. See also \"Cautionary\nNote Regarding the PEA and Forward-Looking Information\" above.\n\nAdditional information relating to the Company can be obtained under the\nCompany's profile on SEDAR+ at www.sedarplus.ca, and on the Company's website\nat www.dlpresourcesinc.com.\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/312322"},"type":"article","timestamp":"2026-09-01T10:00:18.593796705Z","server_sent_at_ms":1788256818593},"received_at":"2026-09-01T10:00:18.960Z","source_url":"https://www.newsfilecorp.com/release/312322"},"analysis":{"id":"121032","press_release_id":"132131","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":["Requires $2.377 billion initial capital expenditure for a TSXV-listed junior miner","PEA is preliminary in nature and includes Inferred Mineral Resources considered too speculative for economic certainty","Project located in Peru with associated political, regulatory, and community consultation risks","Multi-phase underground expansion has not been economically evaluated"],"eventType":"operations_update","narrative":"DLP Resources released a positive Preliminary Economic Assessment for its Aurora project, outlining a 17.5-year mine life with an after-tax NPV of $2.7 billion and an IRR of 18.5%.\n\nThe study estimates average annual production of 90.5 million pounds of copper and 37.4 million pounds of molybdenum, supported by an indicated resource of 614.84 million tonnes.\n\nThe PEA relies on just 30% of the total mineral resource estimate, leaving significant upside for multi-phase underground expansion beyond the initial $2.377 billion development plan.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Strong PEA metrics (NPV $2.7B, IRR 18.5%) validate Aurora project as a top-tier development asset."},"keyFigures":{"customDimensions":{"irr_base_case":"18.5%","lom_revenue_usd":26072000000,"mine_life_years":17.5,"initial_capex_usd":2377000000,"npv_base_case_usd":2703000000,"c1_cash_cost_copper":"$0.90/lb","processing_rate_tpd":65000,"payback_period_years":"5.2","sustaining_capex_usd":1160000000,"indicated_resource_mt":614.84,"annual_silver_production_moz":1.21,"annual_copper_production_mlbs":90.5,"annual_molybdenum_production_mlbs":37.4}},"quotedText":"The results of the Aurora PEA confirm what our geological and technical work has long suggested: this is a copper-molybdenum-silver deposit with the scale, grade and production profile to support compelling development pathway.","namedEntities":{"people":[{"name":"Ian Gendall","role":"CEO & President"},{"name":"Hamid Samari","role":"Principal Geologist, QP"},{"name":"Terre Lane","role":"Principal Mine Engineer, QP"},{"name":"Todd Harvey","role":"Director of Process Engineering, QP"},{"name":"Larry Breckenridge","role":"Principal Environmental Engineer, QP"},{"name":"Josh Parsons","role":"Senior Consultant, QP"},{"name":"Jarek Jakubec","role":"Corporate Consultant, QP"},{"name":"Carl Kottmeier","role":"Principal Consultant, QP"},{"name":"Brian Prosser","role":"Principal Consultant, QP"},{"name":"Scott Elfen","role":"Global Technical Leader - Mine Waste Solutions, QP"},{"name":"Kevin Murray","role":"Principal Process Engineer, QP"},{"name":"Gautam Iyer","role":"VP Corporate Development & Investor Relations"}],"products":["Aurora Copper-Molybdenum-Silver Project","Esperanza"],"companies":[{"name":"DLP Resources Inc.","ticker":"DLP"},{"name":"Global Resource Engineering Ltd.","relationship":"Engineering Consultant"},{"name":"Ausenco Engineering Canada ULC","relationship":"Engineering Consultant"},{"name":"SRK Consulting (Canada) Inc.","relationship":"Consulting Firm"}],"dollarAmounts":[{"amount":"$2,703 M","context":"Base case after-tax NPV8%"},{"amount":"$4,812 M","context":"Spot price sensitivity case NPV8%"},{"amount":"$2,377 million","context":"Initial capital cost estimate"},{"amount":"$1,160 million","context":"Sustaining and underground development capital"},{"amount":"$121 million","context":"Closure costs"},{"amount":"$26,072 million","context":"Total gross revenue over mine life"},{"amount":"$24.7 million","context":"Working capital in year 1"}]},"materialImpact":{"score":4,"reasoning":"Positive PEA establishes robust economic viability for the company's flagship asset with an after-tax NPV of $2.7B and IRR of 18.5%. This represents a major de-risking milestone for the development-stage miner, validating the project's scale and potential."},"tickerRelevance":{"others":[],"primary":"DLP"},"globalImportance":25,"audienceRelevance":20,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"TSXV Junior Miner","eventGravity":"Positive PEA milestone for primary asset","sectorWeight":"Materials"}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"bullish","material_impact_score":4,"narrative":"DLP Resources released a positive Preliminary Economic Assessment for its Aurora project, outlining a 17.5-year mine life with an after-tax NPV of $2.7 billion and an IRR of 18.5%.\n\nThe study estimates average annual production of 90.5 million pounds of copper and 37.4 million pounds of molybdenum, supported by an indicated resource of 614.84 million tonnes.\n\nThe PEA relies on just 30% of the total mineral resource estimate, leaving significant upside for multi-phase underground expansion beyond the initial $2.377 billion development plan.","key_figures":{"customDimensions":{"irr_base_case":"18.5%","lom_revenue_usd":26072000000,"mine_life_years":17.5,"initial_capex_usd":2377000000,"npv_base_case_usd":2703000000,"c1_cash_cost_copper":"$0.90/lb","processing_rate_tpd":65000,"payback_period_years":"5.2","sustaining_capex_usd":1160000000,"indicated_resource_mt":614.84,"annual_silver_production_moz":1.21,"annual_copper_production_mlbs":90.5,"annual_molybdenum_production_mlbs":37.4}},"named_entities":{"people":[{"name":"Ian Gendall","role":"CEO & President"},{"name":"Hamid Samari","role":"Principal Geologist, QP"},{"name":"Terre Lane","role":"Principal Mine Engineer, QP"},{"name":"Todd Harvey","role":"Director of Process Engineering, QP"},{"name":"Larry Breckenridge","role":"Principal Environmental Engineer, QP"},{"name":"Josh Parsons","role":"Senior Consultant, QP"},{"name":"Jarek Jakubec","role":"Corporate Consultant, QP"},{"name":"Carl Kottmeier","role":"Principal Consultant, QP"},{"name":"Brian Prosser","role":"Principal Consultant, QP"},{"name":"Scott Elfen","role":"Global Technical Leader - Mine Waste Solutions, QP"},{"name":"Kevin Murray","role":"Principal Process Engineer, QP"},{"name":"Gautam Iyer","role":"VP Corporate Development & Investor Relations"}],"products":["Aurora Copper-Molybdenum-Silver Project","Esperanza"],"companies":[{"name":"DLP Resources Inc.","ticker":"DLP"},{"name":"Global Resource Engineering Ltd.","relationship":"Engineering Consultant"},{"name":"Ausenco Engineering Canada ULC","relationship":"Engineering Consultant"},{"name":"SRK Consulting (Canada) Inc.","relationship":"Consulting Firm"}],"dollarAmounts":[{"amount":"$2,703 M","context":"Base case after-tax NPV8%"},{"amount":"$4,812 M","context":"Spot price sensitivity case NPV8%"},{"amount":"$2,377 million","context":"Initial capital cost estimate"},{"amount":"$1,160 million","context":"Sustaining and underground development capital"},{"amount":"$121 million","context":"Closure costs"},{"amount":"$26,072 million","context":"Total gross revenue over mine life"},{"amount":"$24.7 million","context":"Working capital in year 1"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-01T10:07:14.203Z","global_importance":25,"audience_relevance":20,"importance_components":{"tickerTier":"TSXV Junior Miner","eventGravity":"Positive PEA milestone for primary asset","sectorWeight":"Materials"}},"durationMs":149718,"modelName":"glm-4.7"}}