Red Metal Provides Farellon Mining Update
Red Metal reported ENAMI settlements for August and September 2026 ore deliveries from the Farellon project, totalling 1,042 dry tonnes with 9,603 kg contained copper and 253 g contained gold. Copper grades nearly doubled month-over-month to 1.26% insoluble copper in September as mining advanced from Level 7 to Level 9 of the north portal, with roughly 115 metres of development completed.
Key figures
- Nsr pct
- 10% (8.5% net effective after 1.5% vendor royalty)
- Contained au g
- 253
- Contained cu kg
- 9603
- Development metres
- 115
- August grade au gpt
- 0.19
- August grade cu pct
- 0.66
- September grade au gpt
- 0.31
- September grade cu pct
- 1.26
- Royalty to red metal usd
- 6440
- Enami settlement value usd
- 75750
AI analysis
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