Rupert Res Ltd - RUPRF STOCK NEWS

Rupert Resources has announced that it could not reach terms to acquire the remaining 30% of the Fingold JV, which is held by B2Gold and Aurion Resources. The company remains focused on its Ikkari Project, a high-quality gold deposit noted for its continuity and grade. Rupert is progressing with its preliminary feasibility study and environmental impact statement, with plans to work closely with Finnish authorities. CEO James Withall emphasized the quality of Ikkari and the company's disciplined approach to shareholder investments. The project is expected to advance towards a PFS later in 2024.

Rupert Resources announced the grant of 295,079 performance share units (PSUs) to certain officers and employees. These PSUs will vest based on corporate performance objectives and can convert into common shares or cash equivalent. The company also granted 1,081,780 share options with an exercise price of $4.09, vesting over three years. Following these grants, there are 604,651 PSUs and 5,895,261 share options outstanding, representing 3.0% of the issued and outstanding shares.

Rupert Resources has released its audited financial results for the fiscal year ending February 29, 2024. The company reported spending $31.52 million on exploration and property purchases, a slight increase from the previous year's $29.08 million. Rupert held $36.83 million in cash and equivalents, and recorded a net loss of $5.78 million, improving from the prior year’s $10.67 million loss. Key operational activities included ongoing exploration in the Rupert Lapland Project Area and Ikkari, with significant drilling programs and progress towards a Pre-feasibility Study (PFS) expected by the end of 2024.

Rupert Resources has reported significant assay results from its recent project drilling at the Ikkari deposit. The highlights include drill hole #124043, which intersected 120 meters at 6.2g/t gold, marking the third-best intercept to date at Ikkari. Additional notable results include 22 meters at 2.9g/t gold and 56 meters at 3.5g/t gold. Drill hole #124041 recorded 28 meters at 9.7g/t gold and 13 meters at 34.5g/t gold, including 1 meter at 294g/t gold.

The latest drilling results are part of an ongoing program aimed at enhancing the confidence in the approximately 4Moz Indicated Mineral Resource Estimate and providing data for metallurgical testing and advanced engineering studies. The project is advancing well with a prefeasibility study targeted for delivery in the second half of 2024. CEO James Withall emphasized the continuity and high-grade nature of the mineralization near the surface, which is favorable for open-pit mining.

Rupert Resources reports follow-up assay results from the Heinä South satellite target and project drilling at Ikkari. The new results extend the broader mineralized zone, with high-grade intercepts like 10.5g/t Au over 24.40m and 112.5g/t Au over 2m. Project drilling at Ikkari continues to provide exceptional width and grade continuity, increasing confidence in the ~4Moz Indicated Resource. CEO James Withall expressed excitement over the results, highlighting the potential for higher grades and continuous mineralization. The winter drilling campaign focused on exploration at Heinä South and project drilling at Ikkari to enhance the Mineral Resource Model and future engineering studies.

Rupert Resources announces the retirement of Non-Executive Director George Ogilvie. The company highlights Ogilvie's significant contributions, including the delineation of the 4Moz Ikkari deposit, financings of over $120 million, and a potential value of $1.6 billion. Rupert expresses gratitude for Ogilvie's leadership and insights over the past four years.

Rupert Resources Ltd. confirms preliminary discussions with B2Gold Corporation to potentially purchase B2Gold's 70% interest in a joint venture near the Company's flagship Ikkari project in Finland.

Rupert Resources Ltd. reports positive follow-up assay results from its Heinä South satellite target and Ikkari, confirming broader mineralized zones. The company achieved wide and high-grade intercepts, with ongoing drilling and pending results. CEO James Withall highlights continuous mineralization at Heinä South and the focus on advancing project engineering. The geological interpretations of Ikkari and Heinä South reveal detailed mineralization characteristics and potential for further resource estimation.

Rupert Resources Ltd. reports new results from its Heinä South satellite target, confirming the mineralized trend over 1km and providing evidence of broader mineralized zones. The results include high-grade gold intercepts, part of the ongoing winter drill program focused on new targets in Area 1, Ikkari depth and lateral extensions, and new generative discoveries. The CEO emphasized the exceptional prospectivity of the region and the potential to find satellite orebodies in close proximity to Ikkari. The press release also details the geological interpretation and the review by the Qualified Person, along with figures and tables showcasing the location of new drilling and intercepts at Heinä South.