Mining Stock Daily Meridian Mining Completes DFS Drilling for Cabaçal, Prepping Resource Estimate for Santa Helena
Oct 27, 2025
Gilbert Clark, CEO of Meridian Mining and a seasoned leader in resource development, discusses significant advancements at the Cabaçal VMS project in Brazil. He details the successful completion of DFS drilling and the importance of permitting for upcoming development. Gilbert emphasizes the influence of commodity prices on project viability and addresses financing strategies. He also shares insights into the anticipated resource estimate for Santa Helena and exploration progress at Cigara, highlighting the exciting potential of the region.
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Rapid Project Advancement
- Meridian acquired Cabasçal in Nov 2020 and progressed from PEA to PFS to DFS drilling quickly.
- Management positions the project as a near-term copper-gold developer with production focus.
Engineering And Metallurgy Progress
- The DFS team is active and the database was delivered to GE21 for resource work.
- Meridian completed a mini pilot plant and produced ~25 kg of concentrate for smelter testing.
Robust Economics At Conservative Prices
- Current commodity prices provide upside but Cabasçal's economics were modelled on conservative base cases.
- The project's PFS shows robust economics even at cyclical commodity levels.