DPM Metals discovers high-grade porphyry adjacent to Chelopech mine in Bulgaria

• Discovery contiguous to Chelopech mine concession, drilling success one kilometre from existing mineral reserves.
• Results demonstrate potential for scale and continuity.
• Fourth discovery made by company since CY23.

DPM Metals (ASX: DPM) has made a significant new discovery of high-grade, gold-copper porphyry mineralisation contiguous to the producing Chelopech mine concession in Bulgaria. The Brevene South Porphyry (BSP) discovery is located in the southeastern part of the company’s Brevene exploration licence.

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The Australian explorer has this week uncovered a large phyllic alteration envelope exceeding 1,000m by 1,500m, which it believes indicates a substantial hydrothermal system, with the BSP target remaining open for expansion.

Due to the significance of the BSP discovery, DPM is ramping up drilling to expand known mineralisation, with five high-capacity drill rigs dedicated to the target and up to 15,000m planned through the end of CY26.

This is the fourth significant find by DPM since early CY23, together with the discoveries of Čoka Rakita, Dumitru Potok, and the Wedge Zone.

DPM’s CEO, David Rae, said the company’s exploration success demonstrates the quality of its exploration team and the geological potential of the Western Tethyan Belt.

“The Brevene South Porphyry target is emerging as a significant gold-copper discovery. These results demonstrate both the grade and scale of the target, with over 713 metres grading 2.52 grams per tonne gold equivalent over a broad, continuous interval of mineralisation,” he said today.

“This represents an extraordinary moment for DPM and our shareholders as our team continues its remarkable track record, delivering our fourth significant discovery.

“The BSP discovery has confirmed our geological understanding within a known mineral belt containing several significant deposits, and which remains open to further extension.

“Given the significance, up to 15,000 metres of additional drilling is planned through the end of 2026, to further define the footprint of the mineralisation and allow for a more rapid assessment of the economic potential of this area.”

As part of an intensive exploration program aimed at expanding the mineral resource inventory of the Chelopech mine, deep drilling commenced earlier this year in the southeastern part of Brevene.

The current phase follows an internal target-generation initiative that re-evaluated existing data from previous exploration campaigns, including all deep exploration drillholes below and proximal to the existing orebodies.

DPM is steady at $46.41 today. Mkt cap $10.28B.

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