RUPERT RESOURCES LTD - RUPRF STOCK NEWS

Rupert Resources Ltd has released its unaudited, condensed consolidated interim financial statements for the period ending November 30, 2022. The Company spent $20.3 million on exploration, a rise from $16.5 million in 2021. Cash reserves decreased to $29 million from $49.3 million year-over-year. The net losses for the three and nine months were $3.7 million and $6.6 million, respectively. The Company's Ikkari Project shows promise, reporting an After-Tax NPV of $1.6 billion and IRR of 46% as per its Preliminary Economic Assessment. Ongoing drilling aims to expand resource estimates, with a focus on obtaining necessary permits for future operations.

Rupert Resources Ltd has provided its 2023 outlook and a recap of 2022 highlights for the Rupert Lapland Project, including the flagship Ikkari gold discovery. Significant milestones in 2022 were a successful Preliminary Economic Assessment (PEA) for Ikkari, revealing an After-Tax Net Present Value (NPV) of $1.6 billion, an Internal Rate of Return (IRR) of 46%, and a payback period of two years. The company aims to complete a pre-feasibility study within 12 to 18 months while focusing on resource expansion through ongoing drill programs and environmental assessments.

Rupert Resources announced its graduation from the TSX Venture Exchange to the Toronto Stock Exchange, with trading of its common shares commencing on December 12, 2022, under the symbol ‘RUP’. This transition involves delisting from the TSX-V. Rupert Resources focuses on gold exploration and development, particularly the Ikkari project in Northern Finland, which contributes to its Rupert Lapland Project. The company also holds interests in other properties in Canada and Finland, aiming for discoveries that offer high margins and low environmental impacts.

Rupert Resources has announced the approval for the listing of its common shares on the Toronto Stock Exchange starting December 12, 2022, trading under the symbol RUP. This move marks a significant transition from the TSX Venture Exchange to the TSX, indicating the company's growth trajectory. CEO James Withall emphasized this graduation as a vital step, showcasing the economic potential of the Ikkari Discovery highlighted in a recent Preliminary Economic Assessment. As of August 2022, the company reported cash reserves of $35 million.

Rupert Resources Ltd announces promising results from its Preliminary Economic Assessment (PEA) for the 100% owned Rupert Lapland Project in Finland. The PEA highlights an after-tax Net Present Value (NPV) of $1.6 billion and an Internal Rate of Return (IRR) of 46%, with a payback period of just 2 years. The project boasts a mine life of 22 years, aiming for an average annual gold production of 200,000 ounces. The Ikkari deposit’s updated estimate upgraded 84% to Indicated resources, indicating high-quality mineralization and optimized cash flow potential.

Rupert Resources Ltd has released its unaudited financial results for the three and six months ending August 31, 2022. The Company reported a net loss of $(5,173,267) for Q3 and $(10,318,244) for the half-year, significantly higher than the previous year's losses. Exploration expenses for the six months totaled $13,759,177. Cash reserves stood at $36,860,468, with ongoing projects focused on the Rupert Lapland Project Area and Ikkari. An update on the Ikkari Preliminary Economic Assessment is due in Q4 2022.

Rupert Resources has announced updates on its Ikkari gold discovery at the Rupert Lapland Project in Finland. The maiden resource estimate stands at 49 million tonnes at 2.5g/t Au, equating to 3.95 million Inferred ounces. An exploration program for 2022-2023 includes 72,800m of drilling, with significant infill and extension efforts underway. Recent drilling revealed high-grade gold intervals, notably 32.5m of 2.2g/t Au from the first hole of the season. A preliminary economic assessment is expected in Q4 2022.

Rupert Resources Ltd is advancing its Ikkari gold deposit in Northern Finland, reporting promising results from ongoing drilling near its flagship site. The Ikkari deposit features a maiden mineral resource estimate of 49 million tonnes at 2.5 g/t Au, totaling 3.95 million inferred ounces. Significant drill results include high-grade intercepts such as 2.6m of 11.7g/t Au and 5m of 9.8g/t Au at Ikkari North. With 75,000m of drilling budgeted for the next year, the company aims to further explore five regional target areas.