DPM Metals Announces Robust Feasibility Study Results for the Čoka Rakita Project with $782M of NPV5% and 36% IRR

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• Average annual gold production of 148K oz over life of mine with first 5 years averaging 189K oz

  80% confidence

• Project economics show NPV of $2,207M at $3,500/oz gold with 67.8% IRR

  80% confidence

• All-in sustaining cost is $644/oz placing project in first quartile

  80% confidence

• Project will create 500+ jobs with focus on local hiring and training

  80% confidence

• Mineral reserves increased 10% in tonnage and 11% in contained ounces compared to PFS

  80% confidence

• Feasibility study assumes 0% corporate tax for 10-year mine life under Serbia large investment relief

  80% confidence

• Feasibility study completed in less than 36 months from discovery announcement

  80% confidence

• Čoka Rakita project has after-tax NPV of $782M at $1,900/oz gold with 36% IRR and 1.8 year payback

  80% confidence

Cited in these Via News reports

• Serbia's $782M Čoka Rakita Gold Mine Signals Shift in Global Mining Geography as Europe Pursues Resource Independence →
• Serbia's Čoka Rakita Gold Mine Signals Europe's Push for Domestic Mineral Independence →