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DPM Metals Inc. (ASX:DPM)

ALERT: Price-sensitive ASX Announcement for DPM
Current share price for DPM : $51.780 8.34 (19.20%)+
Announcement
Release
21 May 2026 8:19AM
Price at Release
$43.440
Full Release
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Summary
DPM Metals Inc. has reported new high-grade intercepts from its Chelopech Wedge Zone Deep (WZD) prospect, which is located approximately 250 meters below existing mine infrastructure. The delineation drilling has defined a mineralized zone over about 170 meters along strike and 300 meters in vertical extent, with the zone remaining open for further exploration. Highlighted results include intercepts such as EX_WZD_165_03, which showed 58 meters grading 15.28 g/t AuEq. The company plans further drilling throughout 2026 and expects to release an initial mineral resource estimate by the end of the year. With the mineralization amenable to flotation processing, DPM Metals sees significant potential to enhance the existing Chelopech mine plan. Technical studies are ongoing to inform future development strategies.
Key Points
  • New high-grade intercepts reported from the Chelopech Wedge Zone Deep (WZD) prospect.
  • Drill results include significant intercepts such as EX_WZD_165_03 with 58 meters grading 15.28 g/t AuEq.
  • The mineralized zone has been defined over approximately 170 meters along strike, 130 meters in width, and 300 meters in vertical extent.
  • The WZD target remains open along strike and down-dip, indicating potential for further expansion.
  • An initial mineral resource estimate is expected by year-end 2026.
  • 15 drill rigs currently in operation within the Chelopech mine concession and Brevene exploration license.
  • The mineralization is amenable to flotation processing, supporting the potential to augment the existing Chelopech mine plan.
  • Technical studies are underway to support future engineering and investment decisions at the WZD prospect.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.