The KE Report
The KE Report provides exclusive interviews with private money managers and sub $10 billion market cap stocks. Interviews are published daily to help investors navigate the markets.
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Saturday Dec 13, 2025
Saturday Dec 13, 2025
This Weekend Show is all about precious metals momentum, and the why behind it. Brien Lundin argues we’re watching the classic bull-market baton pass (silver + miners leading gold), while Jeff Christian breaks down what the data actually shows behind silver’s explosive run above $60, and why volatility could cut both ways in the weeks ahead.
Segment 1 & 2 - Brien Lundin, editor of Gold Newsletter and host of the New Orleans Investment Conference, joins the KE Report Weekend Show to break down his massive year-end issue - covering macro trends, metals and market outlooks, dozens of junior mining updates, and five new stock recommendations - while explaining why he sees silver and mining equities leading gold into a potentially strong seasonal early-2026 rally driven by the broader “debasement trade” and rising liquidity across commodities.
Click here to learn more about the Gold Newsletter.
Segment 3 & 4 - Jeff Christian, Managing Partner at CPM Group, wraps up this Weekend Show to break down silver’s explosive move above $60 - arguing it’s being driven primarily by investor demand and momentum trading (not fabrication demand or a true short squeeze) - while also outlining why gold has lagged, how geopolitical/economic risks could keep precious metals supported into Q1 2026, and what shifting narratives around crypto-linked gold products, central bank activity, and the need for new mining supply could mean for metals and mining equities.
Click here to visit the CPM Group website to learn more about the firm
If you enjoy the show, be sure to subscribe to our podcast feed (KER Podcast), YouTube channel, and follow us on X for more market commentary and company interviews. Don’t forget to subscribe and leave us a review!
For more market commentary & interview summaries, subscribe to our Substacks:
The KE Report: https://kereport.substack.com/
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Investment disclaimer:
This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests may own shares in companies mentioned.
Friday Dec 12, 2025
Friday Dec 12, 2025
Oliver Turner, Executive VP of Corporate Development for Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS), joined me for a comprehensive review of the several key optimization initiatives ongoing at their producing 100% owned Galena Complex, located in Idaho, USA; as well as at the EC120 mine at their Cosalá Operations, located in Sinaloa, Mexico. Additionally, we reviewed the news out today regarding the closing of the acquisition of the Crescent Silver Mine located just 9 miles away from their Galena Complex in Idaho.
We started off unpacking the multifaceted approach to optimizing their Galena mining complex this year, comprised of 4 shafts and 2 mills currently being underutilized, but setting up for a marked incremental increase in production growth over the next few years.
The company has invested big in 2025 in a new fleet of mobile equipment to improve efficiencies and uptime.
There is a 2-phase upgrade initiative for the hoist at the No. 3 Shaft, where the motor was upgraded to a larger more powerful one, increasing the amount of tonnes that can be raised each day. Additionally, there is a more advanced breaking system and communication platform that will be implemented in 2026 that will further increase the amount of ore that can be raised and run through the mill for processing.
A key shift to from the ‘Cut and Fill’ mining method using hand held jacklegs, to a mechanized Long Hole Stoping mining method, which is far more efficient and still quite precise.
Grade-driven growth, building upon future mine sequencing following up on the successful exploration at the 034 vein at the 5200 level and the 149 vein at the 4300 level.
There is capacity at their 2 mills to accept larger amounts of throughput as mining capacity expands
The incorporation of new management and operational personnel, building for the future.
Next we discussed the big news out today on December 12, that the Company has closed the acquisition of Crescent Silver, LLC, which owns the Crescent Mine in Idaho. The consideration under the Acquisition is made up of US$20 million in cash and approximately 11.1 million common shares of Americas Gold and Silver. The Crescent Mine is a synergistic addition located just 9 miles from the Galena Complex, and is a fully permitted past producing mine which will be advanced for a restart in 2026. The Crescent Mine will provide a supplementary high-grade source of feed to their 2 mills at Galena, further utilizing processing capacity. The mineralized material at Crescent is very similar to the tetrahedrite material at Galena which contains high grade Silver and significant by-product potential from antimony and copper, which meshes perfectly with their strategy to maximize the production value across all metals.
Throughout 2025, there has been very promising metallurgical testing, confirming high recoveries of antimony alongside strong silver and copper recoveries from ore currently being processed. Until recently the company was not getting paid for antimony or copper, but that will be changing in 2026 based on a new off-take agreement signed with Ocean Partners USA Inc. for treatment of up to 100% of the concentrates from the Company’s Galena Complex at Teck Resources Limited’s Trail Operations in Trail British Columbia; one of the world’s largest fully-integrated zinc, lead and critical metals complexes.
Next we shifted down to the Cosalá Operations in Mexico, with the operating San Rafael and El Cajon mines, which has been critical to getting the company through tougher markets over the years. The Company is investing in exploration to extend the San Rafael mine, and importantly tunneling over into a new area of the El Cajon mine called the EC120 mine, which will now see increased silver production in the years to come. This brought up the point that this company is one of the few North American silver-focused producers with the objective of over 80% of its revenue generated from silver in the year to come.
If you have any questions for Oliver regarding Americas Gold and Silver, then please email those to me at Shad@kereport.com.
In full disclosure, Shad is a shareholder of Americas Gold and Silver at the time of this recording, and may choose to buy or sell shares at any time.
Click here to follow the latest news from Americas Gold and Silver
For more market commentary & interview summaries, subscribe to our Substacks:
The KE Report: https://kereport.substack.com/
Shad’s resource market commentary: https://excelsiorprosperity.substack.com/
Investment disclaimer:
This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
Friday Dec 12, 2025
Friday Dec 12, 2025
Jason Jessup, CEO and Director of Magna Mining (TSX.V: NICU) (OTCQX: MGMNF), joins us for a Q3 financial and operations review at their producing McCreedy West copper mine, located in Sudbury, Ontario, Canada. We also review the continued high-grade drill results across copper, nickel, platinum, palladium, gold, and silver in more recent assays returned from the ongoing exploration and development work at the Levack Mine. Additionally, we get a nice update on the development pathway at the Crean Hill Project to round out the discussion.
Q3 Financial and Operational Highlights:
The three months ended September 30, 2025 (“Q3 2025”) was Magna’s second full quarter of production at the McCreedy West copper-precious metals Mine.
Total ore processed in Q3 2025 was 75,215 tons from the 700 Footwall Copper Zone at a grade of 2.64% copper equivalent (“CuEq”).
Quarterly production of 2.7 million pounds (“lbs”) CuEq at cash costs of US$5.10/lb CuEq was impacted by the previously disclosed compressed air system failure and power related delays, which delayed access to higher grade stopes and has since been rectified.
Sustaining capital expenditures at McCreedy West totalled $4.1 million during the quarter, a 123% increase from Q2 of 2025, including $2.7 million towards critical capital development and $1.4 million in fixed and mobile machinery upgrades, focused on improving asset reliability moving forward.
Underground development during the quarter totaled 1,796 feet and continues to be prioritized in Q4 to provide increased production optionality and flexibility to support a more robust operating plan in 2026.
Ended Q3 2025 with a cash balance of $63.1 million and subsequent to September 30 the Company issued 14,933,518 common shares upon the exercise of warrants for proceeds of $6.0 million.
Next our conversation with Jason shifted over the workstreams building towards a mine restart plan at Levack Mine in 2026; based on the recently released resource estimate. We reviewed the steady stream of drill assays reported this year from Levack with high-grade copper, nickel, platinum, palladium, gold, and silver intercepts. Jason highlights the optionality the different zones give the company as far as potential mine sequencing, and he notes growing value of precious metals as contributing metals credits to the project.
We discuss some of the critical zones of mineralize in areas like the No.1 to No. 2 Main area, the Morrison Footwall Cu-PGE deposit, the Keel Zone, and the footwall environment between the No.2 and No. 3 Ni-Cu Zone. However, another newer discovery area, the R2 Zone, is quickly growing in importance as to how it could impact the early stages of mining in a development scenario; but being earlier-stage it still requires much more drilling.
Levack Exploration Highlights from the R2 Zone, released December 9th include:
FNX6083-W3 12.9% Cu, 140.7 g/t Pt+Pd+Au and 78.0 g/t Ag over 0.3 metres, And 18.6% Cu, 38.5 g/t Pt+Pd+Au and 105.0 g/t Ag over 0.6 metres
FNX6083-W4 12.3% Cu, 22.2 g/t Pt+Pd+Au and 78.9 g/t Ag over 1.3 metres,
FNX2026-W1 4.5% Cu, 12.4 g/t Pt+Pd+Au and 30.0 g/t Ag over 0.3 metres,
FNX2026-W2 24.8% Cu, 26.3 g/t Pt+Pd+Au and 153.0 g/t Ag over 0.3 metres, And 25.0% Cu, 34.7 g/t Pt+Pd+Au and 151.0 g/t Ag over 0.4 metres
Wrapping up we widened the scope beyond just the currently producing McCreedy West mine, and development of the Levack Mine into an upcoming production decision next year, into another flagship asset in their portfolio at Crean Hill. Jason reviews some work being completed at present by a contract with regards to water treatment, and that there are further development initiatives at Crean Hill ongoing in the background where they will be summarized for investors in the middle of 2026.
With a number of government grants and initiatives available at both the provincial and federal levels, targeting the development of critical minerals projects, Jason highlights that there could be a pathway for dual development of Crean Hill in concert with Levack over the next couple years if they were able to secure some of this non-dilutive capital, or at least an attractive cost of capital. He reiterated that the Company maintains its ambition to become a multi-mine producer in the Sudbury Basin.
If you have questions for Jason regarding Magna Mining, then please email me at Shad@kereport.com.
In full disclosure, Shad is a shareholder of Magna Mining at the time of this recording, and may choose to buy or sell shares at any time.
Click here to follow along with the news at Magna Mining
For more market commentary & interview summaries, subscribe to our Substacks:
The KE Report: https://kereport.substack.com/
Shad’s resource market commentary: https://excelsiorprosperity.substack.com/
Investment disclaimer:
This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
Friday Dec 12, 2025
Friday Dec 12, 2025
In this KE Report company update, I am joined by Tara Christie, President & CEO of Banyan Gold (TSX.V:BYN - OTCQB:BYAGF), to recap recent drill results from the AurMac Project in the Yukon. The focus is on how drilling this year is successfully defining and expanding higher-grade gold zones within one of Canada’s largest undeveloped gold resources.
Key discussion points include:
High-Grade Gold Definition: Drill results confirming +1.0 g/t gold zones at the Powerline and Airstrip deposits.
Resource & Pit Expansion: Step-out drilling converting waste to mineralization and extending conceptual pit limits.
Deposit Insights: Geological differences between Powerline and Airstrip and what they mean for future mine planning.
Silver Optionality: Early-stage high-grade silver results and potential processing and monetization pathways.
What’s Ahead: Over 140 drill holes still pending and a path toward a PEA in H2 2026.
If you have any follow up questions for Tara please email me at Fleck@kereport.com.
Click here to visit the Banyan Gold website.
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For more market commentary & interview summaries, subscribe to our Substacks: https://kereport.substack.com/ https://excelsiorprosperity.substack.com/
Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
Friday Dec 12, 2025
Friday Dec 12, 2025
In this company update, I’m joined by Stephen Soock, VP Investor Relations & Development at Heliostar Metals (TSX-V:HSTR - OTCQX:HSTXF - FSE:R0G1), to discuss the newly released Pre-Feasibility Study (PFS) on the Cerro del Gallo Project and how it fits into the company’s broader production pipeline.
Key discussion points include:
Cerro del Gallo PFS Economics Profitable base case at $2,300 gold with strong leverage to higher gold prices and a long-life open-pit, heap-leach operation.
Resource & Production Upside Only a portion of the total resource is included in reserves, leaving room for expansion through drilling and metallurgical work.
Silver Contribution Silver accounts for roughly 15–20% of project economics, adding meaningful upside.
Operations Update Near-term cash flow from La Colorada and the San Agustin restart, with Ana Paula and Cerro del Gallo driving longer-term growth toward ~300,000 oz/year.
Please email me at Fleck@kereport.com with any follow up questions for the team at Heliostar Metals.
Click here to visit the Heliostar Metals website to learn more about the Company
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For more market commentary & interview summaries, subscribe to our Substacks: https://kereport.substack.com/ https://excelsiorprosperity.substack.com/
Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
Friday Dec 12, 2025
Friday Dec 12, 2025
Drew Clark, President and CEO of Summit Royalties Ltd. (TSX.V: SUM), joins me to introduce the value proposition and coming growth catalysts from their portfolio of 47 royalty partner projects, mostly focused on gold and silver.
We discuss how this Company started off privately when closing the IAMGOLD Royalty Portfolio Acquisition for $17.5M on May 30th, then the acquisition of a royalty at West Red Lake Gold’s Madsen Mine on September 4th. Then on November 5th the company released news of their “go public” transaction with the reverse takeover of Eagle Royalties the prior day on November 4th, and then their listing as Summit Royalties on the TSX Venture exchange on November 10th.
The Corporation's current portfolio is backstopped by 3 cash-flowing production assets, and an additional 44 royalties on development-stage and exploration-stage properties. The Corporation intends to become the next mid-tier streaming and royalty company through future actionable and accretive acquisitions to increase production and cash flow growth. The Corporation currently has no debt and sufficient cash on-hand for use in future acquisitions.
Drew starts off taking us through the growth on tap for 2026 and beyond at their 3 producing royalties and streams.
Madsen - 1% NSR Royalty focused on gold and operated by West Red Lake Gold Mines in Ontario, Canada
Bomboré - 50% Silver Stream; operated by Orezone in Burkina Faso
Zancudo - 0.5% NSR Royalty; operated by Denarius Metals in Colombia
Next we reviewed 2 of their key development royalties:
Pitangu - $80/oz until 250 Koz produced - 1.5% NSR thereafter; operated by Jaguar Mining in Brazil
AurMac – 0.5% - 2.0% NSR Royalty Coverage; operated by Banyan Gold in the Yukon, Canada
Drew briefly mentions a few other royalties in their portfolio that he sees as valuable, and also highlights that their Net Asset Value (NAV) is weighted towards Canada after Eagle & Madsen Acquisitions, and is trading at an attractive P/NAV multiple at present.
Wrapping up Drew shares his background in the sector, along with other members of the management team and board, along with the capital structure, key stakeholders, and financial health of the company to keep executing on more deals in the year to come.
If you have any follow up questions for Drew about Summit Royalties, then please email them into me at Shad@kereport.com.
Click here to follow the latest news from Summit Royalties
For more market commentary & interview summaries, subscribe to our Substacks:
The KE Report: https://kereport.substack.com/
Shad’s resource market commentary: https://excelsiorprosperity.substack.com/
Investment disclaimer:
This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
Thursday Dec 11, 2025
Thursday Dec 11, 2025
George Ogilvie, President and CEO of Arizona Sonoran Copper (TSX:ASCU – OTCQX:ASCUF), joins us to outline the key metrics from the Pre-Feasibility Study (PFS) on the Cactus Project in Arizona and the envisioned mine plan. We also get an exploration update, more clarity around the permitting process, discuss the recent capital raise, and review the pathway to production.
PFS Highlights include:
Simple open pit / SXEW operation producing approximately 103,000 tonnes (226 million lbs) of estimated average annual copper cathodes over the first 10 years of mining, which would make Cactus the third largest cathode producer in the USA
Industry-leading capital intensity of $10,894 per tonne of copper cathodes produced
$574 million of average annual EBITDA1
Strong economics to support the continued development of Cactus with a focus on simplicity and executability of the open pit copper cathode project, on private land in Arizona
Cactus Project is well positioned over the 22-year Project Life of Mine (“LoM”) to generate value at a variety of copper prices:
Conventional, Cost-effective Mining and Processing: Open-pit, Heap Leach and SXEW Operation with Oxide and Enriched Materials from Cactus and Parks/Salyer open pits over 22 years of processing
Cash costs (C1) of $1.34/lb, All in Sustaining Costs (“AISC”) of $1.62/lb and All in Costs (“AIC”)1 of $2.01/lb
Initial mineral reserves of 513 million tons at a grade of 0.52% Total Copper in the Proven and Probable category for 5.3 billion pounds of contained copper
65% conversion of leachable M&I mineral resources to mineral reserves, with increased grades reporting to the heap leach pads
Significant benefits to the local community and economy of Arizona, including projected creation of an estimated 600+ direct jobs
Future mine expansion opportunities outside of the current mineable copper reserves, including late mine life primary sulphides, Cactus East and other exploration targets
Final investment decision as early as Q4 2026 with targeted first cathodes in 2029
George reviews how the incorporation of the newer MainSpring area into the larger Parks-Salyer deposit, over the last 2 years has allowed for a shift in strategy from underground mining over to an open-pit mining method. They are reviewing moving the center of the open pit more towards the high-grade portion of the Park-Salyer deposit, the infill drilling showed it expanding towards that direction, which presented better economics and a faster payback period, as outlined in the PFS.
George also provides some updates on permitting for the project, and the importance of it being on private land to help expedite the process, and that they should be submitting their applications later this year for administrative acceptance by early 2026, and then approval 6 months later. This permitting process will time out well with the release of their Bankable Feasibility Study.
Next we discussed the news on December 2nd, which announced that the Company closed its previously announced private placement of common shares of the Company pursuant to which the Company issued, on a “bought deal” basis, 25,746,300 Common Shares, including 3,358,200 Common Shares granted to the underwriters, at a price of $3.35 per Common Share, for aggregate gross proceeds of C$86,250,105. This gives the company the runway to execute on all coming workstreams heading into the Bankable Feasibility Study and the capital stack coming together for a construction decision late next year.
If you have any follow up questions for George about Arizona Sonoran, then please email us at Fleck@kereport.com or Shad@kereport.com.
In full disclosure, Shad has a position in Arizona Sonoran Copper at the time of this recording and may chose to buy or sell shares at any time.
Click here to visit the Arizona Sonoran website to read over all the recent news.
For more market commentary & interview summaries, subscribe to our Substacks:
The KE Report: https://kereport.substack.com/
Shad’s resource market commentary: https://excelsiorprosperity.substack.com/
Investment disclaimer:
This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
Thursday Dec 11, 2025
Thursday Dec 11, 2025
Dr. Thomas Mumford, President of Scottie Resources (TSX.V:SCOT – OTCQB:SCTSF), joins me to review the key takeaways from the Bulk Sample report, when compared with expectations from the October 2025 Preliminary Economic Assessment (PEA). Additionally, we get an update on the ongoing ore-sorting studies, what was learned from this year’s drill program, the preparation for the largest drill program to date in 2026, and the Feasibility Study workstreams underway at the Scottie Gold Mine Project; located in the Golden Triangle of British Columbia.
The recent PEA outlined a robust Direct-Ship Ore (“DSO”) development scenario for the Scottie Gold Mine Project, with strong economics and leverage to the current gold price environment, and additional upside potential through local toll milling. The DSO process was successfully demonstrated during this trial mining and Bulk Sample, which was mined at the Bend Vein pit at the Scottie Gold Mine Project, then mucked, visually sorted, and crushed over the 2025 summer season. The transportation of this material was completed moving around 100 truckloads of material down the Granduc road to the Stewart bulk shipping facility without any concerns or challenges, and it is going to be shipped over to Ocean Partners imminently.
Highlights:
An estimated 4,588 wet tonnes have been prepared for export to an Ocean Partners facility in Taiwan with better-than-expected average preliminary assays of 15.89 g/t gold and 42.28 g/t silver
Per the Company's agreement with Ocean Partners, a 90% upfront payment is to be received five days after sailing at a gold price of US$4100/oz and silver price of US$49.50/oz
Vessel has been booked and is expected to be loaded between December 10th and 12th 2025
The final 10% payment will reconcile any difference between estimated and final ounces and will be priced based on metal values at the time grades are finalized and agreed upon. It is estimated that gold sold will generate a net profit of ~CAD$9Million.
Thomas outlines that the company plans to move straight into work streams for a Feasibility Study (FS), with actual cost estimates and more detailed economics, as the next major economic study to be undertaken. The FS is slated to take about 8-10 months after all the 2025 drill results from the 27,309 meter program are in hand and integrated into their resource model.
We got into the resource assumptions used in the PEA and Thomas outlined how these resources are going to expand now that 4 diamond drill rigs were turning this year in the largest exploration program to date, across different parts of the high-priority Blueberry Contact Zone, and around the past-producing Scottie Gold Mine. A key initiative was infilling areas with tighter spacing, focused on upgrading the resources from inferred to indicated categories at the Blueberry Contact Zone. However many of the holes also went deeper, doing some true exploration work with a focus on expanding the potential open pit and upper portions of the underground resources at both Blueberry and Scottie areas.
Wrapping up we discussed the preparations for the largest drill program to date for 2026, the various Feasibility Study workstreams, and the financial strength of the company which is fully-funded for all these initiatives.
If you have any questions for Thomas regarding Scottie Resources, then please email them in to me at Shad@kereport.com.
In full disclosure, Shad is a shareholder of Scottie Resources at the time of this recording and may choose to buy or sell shares at any time.
Click here to follow the latest news from Scottie Resources
For more market commentary & interview summaries, subscribe to our Substacks:
The KE Report: https://kereport.substack.com/
Shad’s resource market commentary: https://excelsiorprosperity.substack.com/
Investment disclaimer:
This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
Thursday Dec 11, 2025
Thursday Dec 11, 2025
John Miniotis, President and CEO of AbraSilver Resource Corp (TSX: ABRA) (OTCQX: ABBRF), joins us to review the latest batch of drill assays announced December 10th, returning the broadest gold mineralization intercepted to date, from the ongoing Phase V exploration program. These holes were testing for the potential of porphyry mineralization at dept at the Oculto East area of their wholly-owned Diablillos property in Salta Province, Argentina.
John reviews the three latest drill holes from the ongoing Phase V exploration program and that hole # DDH 25-085 at Oculto East intersected a broad 274.0 metre ("m") interval grading 0.60 g/t gold, including a higher-grade 23.0m grading 2.83 g/t gold, together with copper and molybdenum mineralization at depth.
This is the deepest drill hole completed to date at Oculto, and it successfully tested a major structural-intrusive corridor extending beneath Oculto East, intersecting pervasive silicification, brecciation, and advanced argillic-silicic alteration interpreted to be related to a larger intrusive at depth.
The deeper copper-molybdenum-gold mineralization is characteristic of fertile porphyry environments, and the alteration encountered is consistent with the upper portions of a significant intrusive center of well-developed porphyry systems.
These features reinforces the scale, strength, and multi-phase nature of the Diablillos mineralizing system, and clear geological evidence of a vertically extensive system.
These results highlight substantial additional exploration potential across the property, which will be followed up on in a Phase 6 drill program.
Drilling continues to extend oxide-hosted gold mineralization well beyond the current conceptual open pit, and this deeper drilling provides further support for a significant porphyry system underlying Oculto. The Phase V drill program remains on track for completion before year-end. To date, 60 holes have been drilled as part of the program and the final six holes will be completed before year-end. John reminds listeners that a deep drill hole was recently completed at the Cerro Viejo porphyry target, located approximately 4 kilometres northeast of Oculto, and assay results are expected shortly.
The Company plans to commence a Phase VI drill program totaling approximately 15,000 metres in January 2026, focusing on Mineral Resource expansion, select deeper porphyry-related targets, and continued step-outs across the Oculto-JAC mineralized cluster. Further details will be provided early in the New Year.
An updated Mineral Resource estimate, incorporating all Phase V drilling, remains scheduled for H1/2026. This estimate will be used for an updated Mineral Reserve and mine plan that will underpin the ongoing Definitive Feasibility Study (DFS) that will be completed in the same time frame. These workstreams are all happening in tandem with work towards permits which are expected to be received around that same time next year. Execution on these key catalysts will be the trigger for a construction decision next year.
Wrapping up John reiterates why the limited RIGI laws are so economically advantageous to the Company, relaxing currency controls, reducing export duties to 0% over a couple years, and reducing taxation over a 30 year period. We also review the positive business and permitting tailwinds in place in Argentina as a jurisdiction for mining.
If you have any follow up questions for John regarding at AbraSilver, then please email them into us at Fleck@kereport.com at Shad@kereport.com .
In full disclosure, Shad is a shareholder of AbraSilver Resource Corp at the time of this recording and may choose to buy or sell more shares at any time.
Click here to visit the AbraSilver website and read over the most recent news releases.
For more market commentary & interview summaries, subscribe to our Substacks:
The KE Report: https://kereport.substack.com/
Shad’s resource market commentary: https://excelsiorprosperity.substack.com/
Investment disclaimer:
This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
Thursday Dec 11, 2025
Thursday Dec 11, 2025
In this company update, we chat with Alicia Milne, President and CEO of Q2 Metals (TSXV: QTWO | OTCQB: QUEXF | FSE: 458), to discuss the exceptional 457m of 1.65% Li₂O drill result from Hole 44 at the Cisco Lithium Project in James Bay - highlighted by many analysts as one of the strongest lithium pegmatite holes ever drilled.
Key Discussion Points
Hole 44 Breakthrough: Why the 457m intercept stands out and how it extends mineralization beyond the previous exploration target.
Growth & Expansion: Step-outs such as holes 63 and 65 confirm the system remains open in multiple directions.
Path to Maiden Resource: Over 33,000m drilled to date, with results feeding into a planned Q1 maiden resource and future PEA work.
Strong Financial Position: Over $20M in the treasury following a $26M financing, fully funding 2026 drilling and advancement.
If you have any follow up questions for Alicia or would like more information on any aspect of the Company please email me at Fleck@kereport.com.
Click here to visit the Q2 Metals website.
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For more market commentary & interview summaries, subscribe to our Substacks:
The KE Report: https://kereport.substack.com/
Shad’s resource market commentary: https://excelsiorprosperity.substack.com/
Investment disclaimer:
This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.