As Gold Rallies, Fortuna Moves Diamba Sud Gold Project Forward

Fortuna Mining: DAB Project Exploration Permit & Damasud Advancements - Update

Key Concepts: Exploration Permit, Mineral Resource Estimate, Derisking, Damasud Project, DAB Project, Construction Decision, Fortuna Mining, Sagal (location).

I. DAB Project – Exploration Permit Application

Fortuna Mining has officially submitted the exploration permit application for its DAB gold project, located in Sagal. This marks a significant step forward in the development of this project. The announcement was made earlier in the week and details are available in the press release linked in the video description. No specific details regarding the scope of the exploration permit or anticipated timelines beyond submission were provided in this update.

II. Damasud Project – Ongoing Development & Timeline

Fortuna Mining is concurrently progressing work on the Damasud project. Current activities focus on:

• Early Works & Engineering: Continued advancement of foundational engineering tasks.
• Site Preparation: Active preparation of the Damasud site for future construction.
• Drilled Engineering Programs: Implementation of drilling programs specifically designed for engineering purposes – likely to gather geotechnical data and refine design parameters.

A key objective of these activities is derisking the project. Derisking refers to the process of identifying and mitigating potential risks associated with a mining project, increasing its likelihood of successful development and production.

III. Mineral Resource Estimate & Construction Decision Timeline

Fortuna anticipates completing a Mineral Resource Estimate for Damasud by the end of the current month. This estimate will quantify the amount of gold present in the Damasud deposit, a crucial factor for project viability.

This Mineral Resource Estimate will serve as the baseline for the final construction decision, which is projected to occur in mid-2026. This indicates a relatively short timeframe between resource estimation and a potential go-ahead for construction, suggesting Fortuna is aiming for rapid project advancement.

IV. Source & Further Information

The information presented is based on a recent press release from Fortuna Mining. The full press release is accessible via a link provided in the video description. The update also references a previous call with Jorgeza, Fortuna Mining’s CEO, as a source for more detailed information.

V. Synthesis & Takeaways

Fortuna Mining is actively progressing on two fronts: securing exploration permits for the DAB project and advancing development work at Damasud. The imminent release of the Damasud Mineral Resource Estimate and the planned mid-2026 construction decision represent critical milestones. The company’s focus on derisking through engineering programs and site preparation suggests a proactive approach to project development and a commitment to bringing the Damasud project into production efficiently.