Investigator Resources (ASX:IVR) Releases Quarterly Activities Report
Paris Silver Project Update
Investigator Resources Limited (ASX:IVR) has delayed the release of the Definitive Feasibility Study (DFS) for the Paris Silver Project to mid-2025. This adjustment aims to allow comprehensive reviews of power generation, tailings management, and owner-operated mine costs. Several key areas, including process plant design and environmental studies, have progressed significantly.
Despite recent improvements in silver prices, rising mining and processing costs have impacted initial financial metrics compared to the 2021 Pre-Feasibility Study. The Investigator Board emphasises that a successful mining operation hinges on the accuracy of the forthcoming DFS.
Exploration and Drilling Activities
The company has resumed its exploration drilling program, completing a 27-hole drilling initiative targeting the Perseus and Manto prospects. This effort follows promising assay results from previous drilling and aims to provide further insights into potential resources. Results are expected in early 2025.
In addition, Investigator has refined copper targets at the Curnamona Project through gravity surveys and induced polarisation studies, facilitating plans for drill testing in early 2025.
Corporate Developments
Investigator Resources made notable progress in its asset portfolio, completing the sale of approximately 30% of the Molyhil Mount Sainthill tenement for $875,000, including $400,000 in cash. It also finalised the sale of its Stuart Shelf Joint Venture interest for $1 million. As of December 31, 2024, the company reported $2.7 million in cash reserves.
Andrew McIlwain, Managing Director, stated, “We are committed to ensuring that the Paris DFS outcomes will reflect the most accurate financial metrics, which will be essential for making informed development decisions.”
Outlook
Looking ahead, Investigator Resources plans to continue optimising studies for the Paris Silver Project and initiate drilling at Curnamona prospects. Assay results from ongoing drilling are anticipated shortly.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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