# DPM Metals Reports Record Financial Results in 2025; Three-Year Outlook Highlights Production Growth and Maintains Low Cost Position Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/dpm-metals-reports-record-financial-results-in-2025-three-year-outlook-highlight--c88768d6-92d4-4b8d-af11-f2595311e95c Original source: https://money.tmx.com/en/quote/DPM/news/4537853499010904/dpm-metals-reports-record-financial-results-in-2025-three-year-outlook-highlight Publisher: tmx Original announcement: 2026-02-10T22:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: DPM Metals Inc. - Ticker: DPM - Exchange: TSX - Region: Unavailable - Primary commodity: Gold - Secondary commodities: Copper, Silver, Zinc, Lead - Document categories: Production, Economic study, Resource update, Drill results - Extracted: 2026-09-17 19:22:53 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary DPM Metals reported record financial results for 2025, including $505 million in free cash flow and $2.39 adjusted net earnings per share. The company provided a three-year outlook highlighting average annual production of 350,000 gold equivalent ounces at an all-in sustaining cost of $1,450 per GEO. Key developments include the completion of a Feasibility Study for the Čoka Rakita project, an initial Inferred Mineral Resource Estimate for the Rakita camp, and an extension of the Chelopech mine life to 2036. Reasoning: DPM Metals reported record financial results for 2025, provided a positive three-year production and cost outlook, announced a significant new Inferred Mineral Resource Estimate for the Rakita camp, and completed a robust Feasibility Study for the Čoka Rakita project, extending mine life at Chelopech and advancing Vareš. - Positive factor: Record financial results for 2025, including free cash flow and adjusted net earnings. - Positive factor: Positive three-year production outlook with maintained low-cost position. - Positive factor: Completion of a robust Feasibility Study for the Čoka Rakita project with attractive economics. - Positive factor: Announcement of a significant initial Inferred Mineral Resource Estimate for the Rakita camp. - Positive factor: Extension of Chelopech mine life to 2036 with updated Mineral Reserve and Resource estimate. - Positive factor: Vareš ramp-up to full production on track. - Negative factor: Ada Tepe mine reaching end of life by mid-2026. - Negative factor: Environmental licence for Loma Larga project revoked, leading to minimized spending. - Negative factor: Rakita camp MRE is entirely Inferred, limiting confidence for economic studies. Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 108 ## Classification and evidence No classification tags are available. ## Extracted facts Stored fact records: 10. Some facts used in scoring do not have a stored record. ## Drill Results (1) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/dpm-metals-reports-record-financial-results-in-2025-three-year-outlook-highlight--c88768d6-92d4-4b8d-af11-f2595311e95c#fact-drill-facts-107) Chelopech · gold Historical result Needs review: drill\_no\_hole\_id #### Identity - Project: Chelopech - Commodity: gold - Region: serbia - Reported Region: serbia - Ticker: DPM #### Geometry - Grade: 7.42 - Grade Unit: g/t - Intercept: 68.3 m #### Classification - Sample Type: drill #### Location - Location: WZD target - Loc. Source: document #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-11-19T00:00:00.000Z #### Dates - Event date: 2026-02-10T00:00:00.000Z Reasoning: The historical high-grade gold equivalent intercept at the WZD target highlights significant mineralization potential, but it is a re-released result. - Positive factor: High-grade gold equivalent intercept, indicating significant mineralization. - Positive factor: Discovery of new mineralization at WZD target, close to existing infrastructure. - Negative factor: This is a re-release of historical data, reducing novelty. #### Tags used in scoring **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: The intercept of 68.3 meters at 7.42 g/t AuEq is exceptionally high-grade, well above typical gold thresholds. Evidence · text > Results Include 68.3 metres at 7.42 g/t AuEq **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: The drill result is from a news release dated November 19, 2025, and is being referenced in the current document. Evidence · text > For more information regarding the Wedge Zone Deep prospect, see the Company news release dated November 19, 2025, entitled "DPM Metals Announces Discovery of New High-Grade Mineralization at the Chelopech Mine; Results Include 68.3 metres at 7.42 g/t AuEq," **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## Resource Estimates (9) ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/dpm-metals-reports-record-financial-results-in-2025-three-year-outlook-highlight--c88768d6-92d4-4b8d-af11-f2595311e95c#fact-resource-facts-98) Rakita camp #### Identity - Project: Rakita camp - Region: serbia - Reported Region: Serbia - Ticker: DPM #### Resource scope - Estimate type: resource - Effective date: 2025-10-23T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Ross Overall - Resource group id: resource:253effdd09e3f53fd5d8 - Deposit or zone: Dumitru Potok, Frasen and Rakita North prospects - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 84400000 - Grade: 0.97 - Grade Unit: g/t - Contained Metal: 2.6 - Contained Unit: moz #### Prior Estimate - Resource Date: 2025-10-23 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-10T00:00:00.000Z Reasoning: The initial Inferred Mineral Resource Estimate for the Rakita camp demonstrates significant gold potential, but its entirely Inferred classification limits immediate economic confidence. - Positive factor: Significant initial Inferred Mineral Resource Estimate for the Rakita camp, indicating district-scale potential. - Positive factor: High-grade gold component. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: Resource is entirely Inferred, limiting confidence for economic studies. #### Tags used in scoring **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable. Why it applies: The document states 'Announced initial Inferred Mineral Resource Estimate for the Rakita camp'. Evidence · text > Announced initial Inferred Mineral Resource Estimate for the Rakita camp **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The technical report is explicitly stated to be in accordance with NI 43-101. Evidence · text > Technical Report - Mineral Resource Estimate for Dumitru Potok, Frasen and Rakita North Prospects, Eastern Serbia," dated January 16, 2026, available on the Company's website at www.dpmmetals.com and SEDAR+ at www.sedarplus.ca . **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Ross Overall is named as the Qualified Person who reviewed and approved the technical and scientific information. Evidence · text > reviewed and approved by Ross Overall, B.Sc. \(Applied Geology\), Director, Corporate Technical Services, of DPM, who is a Qualified Person as defined under NI 43-101 **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Inferred Heavy Feed** — Rejected; excluded from scoring Polarity: negative Story-specific tag Definition: Material Inferred share of LOM mill feed, or the share is undisclosed. Reason: The resource estimate is entirely classified as Inferred Mineral Resource. Evidence · text > initial Inferred Mineral Resource Estimate for the Rakita camp ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/dpm-metals-reports-record-financial-results-in-2025-three-year-outlook-highlight--c88768d6-92d4-4b8d-af11-f2595311e95c#fact-resource-facts-99) Rakita camp · copper #### Identity - Project: Rakita camp - Commodity: copper - Region: serbia - Reported Region: Serbia - Ticker: DPM #### Resource scope - Estimate type: resource - Effective date: 2025-10-23T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Ross Overall - Resource group id: resource:253effdd09e3f53fd5d8 - Deposit or zone: Dumitru Potok, Frasen and Rakita North prospects - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 84400000 - Grade: 1.02 - Grade Unit: % - Contained Metal: 1.9 - Contained Unit: blbs #### Prior Estimate - Resource Date: 2025-10-23 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-10T00:00:00.000Z Reasoning: The initial Inferred Mineral Resource Estimate for the Rakita camp demonstrates significant copper potential, but its entirely Inferred classification limits immediate economic confidence. - Positive factor: Significant initial Inferred Mineral Resource Estimate for the Rakita camp, indicating district-scale potential. - Positive factor: High-grade copper component. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: Resource is entirely Inferred, limiting confidence for economic studies. #### Tags used in scoring **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable. Why it applies: The document states 'Announced initial Inferred Mineral Resource Estimate for the Rakita camp'. Evidence · text > Announced initial Inferred Mineral Resource Estimate for the Rakita camp **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The technical report is explicitly stated to be in accordance with NI 43-101. Evidence · text > Technical Report - Mineral Resource Estimate for Dumitru Potok, Frasen and Rakita North Prospects, Eastern Serbia," dated January 16, 2026, available on the Company's website at www.dpmmetals.com and SEDAR+ at www.sedarplus.ca . **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Ross Overall is named as the Qualified Person who reviewed and approved the technical and scientific information. Evidence · text > reviewed and approved by Ross Overall, B.Sc. \(Applied Geology\), Director, Corporate Technical Services, of DPM, who is a Qualified Person as defined under NI 43-101 **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Inferred Heavy Feed** — Rejected; excluded from scoring Polarity: negative Story-specific tag Definition: Material Inferred share of LOM mill feed, or the share is undisclosed. Reason: The resource estimate is entirely classified as Inferred Mineral Resource. Evidence · text > initial Inferred Mineral Resource Estimate for the Rakita camp ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/dpm-metals-reports-record-financial-results-in-2025-three-year-outlook-highlight--c88768d6-92d4-4b8d-af11-f2595311e95c#fact-resource-facts-100) Rakita camp · gold #### Identity - Project: Rakita camp - Commodity: gold - Region: serbia - Reported Region: Serbia - Ticker: DPM #### Resource scope - Estimate type: resource - Effective date: 2025-10-23T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Ross Overall - Resource group id: resource:dc8d4e56811efb6abb2f - Deposit or zone: Dumitru Potok - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 64100000 - Grade: 1.07 - Grade Unit: g/t - Contained Metal: 2.2 - Contained Unit: moz #### Prior Estimate - Resource Date: 2025-10-23 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-10T00:00:00.000Z Reasoning: The Dumitru Potok Inferred Mineral Resource represents a significant higher-grade gold core within the Rakita camp, contributing substantially to the overall estimate. - Positive factor: Significant higher-grade core within the Rakita camp, indicating strong potential. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: Resource is entirely Inferred, limiting confidence for economic studies. #### Tags used in scoring **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable. Why it applies: This is part of the initial Inferred Mineral Resource Estimate for the Rakita camp. Evidence · text > the initial Inferred Mineral Resource Estimates for Dumitru Potok, Frasen and Rakita North prospects **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The technical report is explicitly stated to be in accordance with NI 43-101. Evidence · text > Technical Report - Mineral Resource Estimate for Dumitru Potok, Frasen and Rakita North Prospects, Eastern Serbia," dated January 16, 2026, available on the Company's website at www.dpmmetals.com and SEDAR+ at www.sedarplus.ca . **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Ross Overall is named as the Qualified Person who reviewed and approved the technical and scientific information. Evidence · text > reviewed and approved by Ross Overall, B.Sc. \(Applied Geology\), Director, Corporate Technical Services, of DPM, who is a Qualified Person as defined under NI 43-101 **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Inferred Heavy Feed** — Rejected; excluded from scoring Polarity: negative Story-specific tag Definition: Material Inferred share of LOM mill feed, or the share is undisclosed. Reason: The resource estimate is entirely classified as Inferred Mineral Resource. Evidence · text > The total Inferred Mineral Resource Estimate, effective as of October 23, 2025, comprises 2.6 million ounces of gold and 1.9 billion pounds of copper contained within 84.4 million tonnes grading 0.97 g/t gold and 1.02% copper, and assumes an underground mining scenario. ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/dpm-metals-reports-record-financial-results-in-2025-three-year-outlook-highlight--c88768d6-92d4-4b8d-af11-f2595311e95c#fact-resource-facts-101) Rakita camp · copper #### Identity - Project: Rakita camp - Commodity: copper - Region: serbia - Reported Region: Serbia - Ticker: DPM #### Resource scope - Estimate type: resource - Effective date: 2025-10-23T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Ross Overall - Resource group id: resource:dc8d4e56811efb6abb2f - Deposit or zone: Dumitru Potok - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 64100000 - Grade: 1.08 - Grade Unit: % - Contained Metal: 1.5 - Contained Unit: blbs #### Prior Estimate - Resource Date: 2025-10-23 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-10T00:00:00.000Z Reasoning: The Dumitru Potok Inferred Mineral Resource represents a significant higher-grade copper core within the Rakita camp, contributing substantially to the overall estimate. - Positive factor: Significant higher-grade core within the Rakita camp, indicating strong potential. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: Resource is entirely Inferred, limiting confidence for economic studies. #### Tags used in scoring **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable. Why it applies: This is part of the initial Inferred Mineral Resource Estimate for the Rakita camp. Evidence · text > the initial Inferred Mineral Resource Estimates for Dumitru Potok, Frasen and Rakita North prospects **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The technical report is explicitly stated to be in accordance with NI 43-101. Evidence · text > Technical Report - Mineral Resource Estimate for Dumitru Potok, Frasen and Rakita North Prospects, Eastern Serbia," dated January 16, 2026, available on the Company's website at www.dpmmetals.com and SEDAR+ at www.sedarplus.ca . **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Ross Overall is named as the Qualified Person who reviewed and approved the technical and scientific information. Evidence · text > reviewed and approved by Ross Overall, B.Sc. \(Applied Geology\), Director, Corporate Technical Services, of DPM, who is a Qualified Person as defined under NI 43-101 **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Inferred Heavy Feed** — Rejected; excluded from scoring Polarity: negative Story-specific tag Definition: Material Inferred share of LOM mill feed, or the share is undisclosed. Reason: The resource estimate is entirely classified as Inferred Mineral Resource. Evidence · text > The total Inferred Mineral Resource Estimate, effective as of October 23, 2025, comprises 2.6 million ounces of gold and 1.9 billion pounds of copper contained within 84.4 million tonnes grading 0.97 g/t gold and 1.02% copper, and assumes an underground mining scenario. ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/dpm-metals-reports-record-financial-results-in-2025-three-year-outlook-highlight--c88768d6-92d4-4b8d-af11-f2595311e95c#fact-resource-facts-102) Rakita camp · gold #### Identity - Project: Rakita camp - Commodity: gold - Region: serbia - Reported Region: Serbia - Ticker: DPM #### Resource scope - Estimate type: resource - Effective date: 2025-10-23T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Ross Overall - Resource group id: resource:943e2ca01490cf7b7534 - Deposit or zone: Rakita North - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 17900000 - Grade: 0.56 - Grade Unit: g/t - Contained Metal: 0.3 - Contained Unit: moz #### Prior Estimate - Resource Date: 2025-10-23 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-10T00:00:00.000Z Reasoning: The Rakita North Inferred Mineral Resource adds to the overall Rakita camp potential, but its Inferred classification requires further drilling for confidence. - Positive factor: Contribution to the overall Rakita camp resource, indicating potential for further growth. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: Resource is entirely Inferred, limiting confidence for economic studies. #### Tags used in scoring **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable. Why it applies: This is part of the initial Inferred Mineral Resource Estimate for the Rakita camp. Evidence · text > the initial Inferred Mineral Resource Estimates for Dumitru Potok, Frasen and Rakita North prospects **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The technical report is explicitly stated to be in accordance with NI 43-101. Evidence · text > Technical Report - Mineral Resource Estimate for Dumitru Potok, Frasen and Rakita North Prospects, Eastern Serbia," dated January 16, 2026, available on the Company's website at www.dpmmetals.com and SEDAR+ at www.sedarplus.ca . **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Ross Overall is named as the Qualified Person who reviewed and approved the technical and scientific information. Evidence · text > reviewed and approved by Ross Overall, B.Sc. \(Applied Geology\), Director, Corporate Technical Services, of DPM, who is a Qualified Person as defined under NI 43-101 **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Inferred Heavy Feed** — Rejected; excluded from scoring Polarity: negative Story-specific tag Definition: Material Inferred share of LOM mill feed, or the share is undisclosed. Reason: The resource estimate is entirely classified as Inferred Mineral Resource. Evidence · text > The total Inferred Mineral Resource Estimate, effective as of October 23, 2025, comprises 2.6 million ounces of gold and 1.9 billion pounds of copper contained within 84.4 million tonnes grading 0.97 g/t gold and 1.02% copper, and assumes an underground mining scenario. ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/dpm-metals-reports-record-financial-results-in-2025-three-year-outlook-highlight--c88768d6-92d4-4b8d-af11-f2595311e95c#fact-resource-facts-103) Rakita camp · copper #### Identity - Project: Rakita camp - Commodity: copper - Region: serbia - Reported Region: Serbia - Ticker: DPM #### Resource scope - Estimate type: resource - Effective date: 2025-10-23T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Ross Overall - Resource group id: resource:943e2ca01490cf7b7534 - Deposit or zone: Rakita North - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 17900000 - Grade: 0.84 - Grade Unit: % - Contained Metal: 0.3 - Contained Unit: blbs #### Prior Estimate - Resource Date: 2025-10-23 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-10T00:00:00.000Z Reasoning: The Rakita North Inferred Mineral Resource adds to the overall Rakita camp potential, but its Inferred classification requires further drilling for confidence. - Positive factor: Contribution to the overall Rakita camp resource, indicating potential for further growth. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: Resource is entirely Inferred, limiting confidence for economic studies. #### Tags used in scoring **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable. Why it applies: This is part of the initial Inferred Mineral Resource Estimate for the Rakita camp. Evidence · text > the initial Inferred Mineral Resource Estimates for Dumitru Potok, Frasen and Rakita North prospects **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The technical report is explicitly stated to be in accordance with NI 43-101. Evidence · text > Technical Report - Mineral Resource Estimate for Dumitru Potok, Frasen and Rakita North Prospects, Eastern Serbia," dated January 16, 2026, available on the Company's website at www.dpmmetals.com and SEDAR+ at www.sedarplus.ca . **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Ross Overall is named as the Qualified Person who reviewed and approved the technical and scientific information. Evidence · text > reviewed and approved by Ross Overall, B.Sc. \(Applied Geology\), Director, Corporate Technical Services, of DPM, who is a Qualified Person as defined under NI 43-101 **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Inferred Heavy Feed** — Rejected; excluded from scoring Polarity: negative Story-specific tag Definition: Material Inferred share of LOM mill feed, or the share is undisclosed. Reason: The resource estimate is entirely classified as Inferred Mineral Resource. Evidence · text > The total Inferred Mineral Resource Estimate, effective as of October 23, 2025, comprises 2.6 million ounces of gold and 1.9 billion pounds of copper contained within 84.4 million tonnes grading 0.97 g/t gold and 1.02% copper, and assumes an underground mining scenario. ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/dpm-metals-reports-record-financial-results-in-2025-three-year-outlook-highlight--c88768d6-92d4-4b8d-af11-f2595311e95c#fact-resource-facts-104) Rakita camp · gold #### Identity - Project: Rakita camp - Commodity: gold - Region: serbia - Reported Region: Serbia - Ticker: DPM #### Resource scope - Estimate type: resource - Effective date: 2025-10-23T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Ross Overall - Resource group id: resource:b080bfc089fc1684acd1 - Deposit or zone: Frasen - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 2400000 - Grade: 1.21 - Grade Unit: g/t - Contained Metal: 95000 - Contained Unit: oz #### Prior Estimate - Resource Date: 2025-10-23 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-10T00:00:00.000Z Reasoning: The Frasen Inferred Mineral Resource adds to the overall Rakita camp potential, but its Inferred classification requires further drilling for confidence. - Positive factor: Contribution to the overall Rakita camp resource, indicating potential for further growth. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: Resource is entirely Inferred, limiting confidence for economic studies. #### Tags used in scoring **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable. Why it applies: This is part of the initial Inferred Mineral Resource Estimate for the Rakita camp. Evidence · text > the initial Inferred Mineral Resource Estimates for Dumitru Potok, Frasen and Rakita North prospects **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The technical report is explicitly stated to be in accordance with NI 43-101. Evidence · text > Technical Report - Mineral Resource Estimate for Dumitru Potok, Frasen and Rakita North Prospects, Eastern Serbia," dated January 16, 2026, available on the Company's website at www.dpmmetals.com and SEDAR+ at www.sedarplus.ca . **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Ross Overall is named as the Qualified Person who reviewed and approved the technical and scientific information. Evidence · text > reviewed and approved by Ross Overall, B.Sc. \(Applied Geology\), Director, Corporate Technical Services, of DPM, who is a Qualified Person as defined under NI 43-101 **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Inferred Heavy Feed** — Rejected; excluded from scoring Polarity: negative Story-specific tag Definition: Material Inferred share of LOM mill feed, or the share is undisclosed. Reason: The resource estimate is entirely classified as Inferred Mineral Resource. Evidence · text > The total Inferred Mineral Resource Estimate, effective as of October 23, 2025, comprises 2.6 million ounces of gold and 1.9 billion pounds of copper contained within 84.4 million tonnes grading 0.97 g/t gold and 1.02% copper, and assumes an underground mining scenario. ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/dpm-metals-reports-record-financial-results-in-2025-three-year-outlook-highlight--c88768d6-92d4-4b8d-af11-f2595311e95c#fact-resource-facts-105) Rakita camp · copper #### Identity - Project: Rakita camp - Commodity: copper - Region: serbia - Reported Region: Serbia - Ticker: DPM #### Resource scope - Estimate type: resource - Effective date: 2025-10-23T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Ross Overall - Resource group id: resource:b080bfc089fc1684acd1 - Deposit or zone: Frasen - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 2400000 - Grade: 0.7 - Grade Unit: % - Contained Metal: 37000000 - Contained Unit: lbs #### Prior Estimate - Resource Date: 2025-10-23 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-10T00:00:00.000Z Reasoning: The Frasen Inferred Mineral Resource adds to the overall Rakita camp potential, but its Inferred classification requires further drilling for confidence. - Positive factor: Contribution to the overall Rakita camp resource, indicating potential for further growth. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: Resource is entirely Inferred, limiting confidence for economic studies. #### Tags used in scoring **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable. Why it applies: This is part of the initial Inferred Mineral Resource Estimate for the Rakita camp. Evidence · text > the initial Inferred Mineral Resource Estimates for Dumitru Potok, Frasen and Rakita North prospects **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The technical report is explicitly stated to be in accordance with NI 43-101. Evidence · text > Technical Report - Mineral Resource Estimate for Dumitru Potok, Frasen and Rakita North Prospects, Eastern Serbia," dated January 16, 2026, available on the Company's website at www.dpmmetals.com and SEDAR+ at www.sedarplus.ca . **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Ross Overall is named as the Qualified Person who reviewed and approved the technical and scientific information. Evidence · text > reviewed and approved by Ross Overall, B.Sc. \(Applied Geology\), Director, Corporate Technical Services, of DPM, who is a Qualified Person as defined under NI 43-101 **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Inferred Heavy Feed** — Rejected; excluded from scoring Polarity: negative Story-specific tag Definition: Material Inferred share of LOM mill feed, or the share is undisclosed. Reason: The resource estimate is entirely classified as Inferred Mineral Resource. Evidence · text > The total Inferred Mineral Resource Estimate, effective as of October 23, 2025, comprises 2.6 million ounces of gold and 1.9 billion pounds of copper contained within 84.4 million tonnes grading 0.97 g/t gold and 1.02% copper, and assumes an underground mining scenario. ### Fact 9 [Link to this fact](https://atlas-extractions.minestarters.com/news/dpm-metals-reports-record-financial-results-in-2025-three-year-outlook-highlight--c88768d6-92d4-4b8d-af11-f2595311e95c#fact-resource-facts-106) Chelopech #### Identity - Project: Chelopech - Region: bulgaria - Reported Region: Bulgaria - Ticker: DPM #### Resource scope - Estimate type: resource - Effective date: 2026-02-05T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Ross Overall - Resource group id: resource:df0280fcff542dc237a2 #### Prior Estimate - Resource Date: 2026-02-05 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-10T00:00:00.000Z Reasoning: The updated Mineral Reserve and Resource estimate for Chelopech extends its mine life to 2036, ensuring sustained production and long-term value. - Positive factor: Significant extension of mine life to 2036, providing long-term production visibility. - Positive factor: Sustained annual average production of 160,000 GEO. - Positive factor: NI 43-101 compliant and QP signed. #### Tags used in scoring **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The news release explicitly states compliance with NI 43-101. Evidence · text > Refer to the news release "DPM Extends Chelopech Mine Life to Ten Years; Provides Updated Mineral Reserve and Resource Estimate and Life of Mine Plan" dated February 5, 2026, available on the Company's website at www.dpmmetals.com and SEDAR+ at www.sedarplus.ca . **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Ross Overall is named as the Qualified Person who reviewed and approved the technical and scientific information. Evidence · text > reviewed and approved by Ross Overall, B.Sc. \(Applied Geology\), Director, Corporate Technical Services, of DPM, who is a Qualified Person as defined under NI 43-101 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported #### Rejected tags **Long Reserve Life** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: Reserve life index in the top tier of the single ladder. Reason: The mine life is extended to 2036, which is 10 years from the announcement date, meeting the 'adequate' threshold. Evidence · text > Chelopech mine life extended to 2036 ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.