Well hello there my friends, Chris Marcus here with you for Arcadia Economics with a quick update about some news out of Fortuna Mining. Who I might add also has their second quarter earnings coming out after the close tonight, so just want to make sure you’re aware of that. And also this news where they have an updated mineral resource estimate at their D’Ambassoud gold project in Senegal, which obviously there’s still work to be done, although as CEO Jorge Canoza mentioned, on our call that we hosted after the second quarter earnings where he talked about how they had sold the Yerumoko and closed down the San Jose mines, and one of the things they were focusing on was not just adding ounces but adding low-cost ounces with the D’Ambassoud project being one of the things in place to capture that.

So of course it’s great to get an updated mineral resource estimate, and just want to walk you through the highlights because we have indicated mineral resource now at 724,000 gold ounces. That’s 53% higher than last year, and that’s at the end of 2024. Furred mineral ounces at 285,000, and that’s a 93% increase since the end of last year. And initial inferred mineral resource estimates for the southern ark and mongudi deposits contain 194,000 and 31,000 ounces respectively, and here’s a key one that you have the PEA on target for completion in the fourth quarter of this year, and we’re already in the third quarter as you probably realize as amazing as that is, and how quickly this year has gone by, and they’re also going to be continuing in this time to focus on infill drilling at the southern ark to upgrade the inferred resources, and expansion drilling where the mineralization remains open at shallow depths to the south and east of the defined deposit limits, and their estimates came back that the indicated mineral resource is a size of 14.2 million tons and an average grade of 1.59 grams per ton, containing 724,000 ounces of gold, and the inferred mineral resource at 6.2 million tons at an average grade of 1.44 grams per ton, containing 285,000 ounces of gold, and this is based on the drilling they did between July of last year and July of this year for 243 holes covering 31,652 meters, and it also helped them to expand the pipeline of emerging deposits with first-time resource estimates for the southern ark and mongundi that are also going to be the host of further expansion drilling, and they also note a few other changes here as the infill drilling at areas A, D, Car Car Western Spley, and Casasoco improved the geological interpretation and supported the conversion of inferred resources to indicated resources, and for anyone who’s hearing that for the first time just a further degree of confidence of what’s actually there, they also saw the exploration drilling at southern ark and mongundi result in first-time inclusion in the mineral resource, and they raised the long-term gold price assumption, which is now up to 2,600.

Again, I know many people watching this think that will be well in excess of that, but again, you can see the assumptions that they are putting in there, and here is the indicated resource at 14.2 million tons and the inferred at 6.2 million tons, so just wanted to pass that along and again also remind you that in addition to that news, Fortuna will be releasing their second quarter earnings after the close tonight, and I’ll certainly be looking forward to seeing that. We’ll be catching up with Jorge, the CEO of Fortuna, next Tuesday at 2 p.m.

Eastern, and again, if you’d just like to catch up on what he was saying after the first quarter earnings were released, well, video for that is coming your way now. [tr:trw].

See more of Arcadia Economics on their Public Channel and the MPN Arcadia Economics channel.