The KE Report

Heliostar Metals - Major Growth Ahead with La Colorada Technical Report & High-Grade Ana Paula Drilling

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Charles Funk, President and CEO of Heliostar Metals (TSX.V:HSTR – OTCQX:HSTXF – FSE:RGG1), joins me to discuss a series of key updates across the company’s portfolio in Mexico. We focus on the new La Colorada Technical Report, high-grade drill results from Ana Paula, and the expanding development and production pipeline.

Key Discussion Highlights:

  • La Colorada Technical Report:

    • Upside case based on $3,500/oz gold delivers a post-tax NPV of US$243M and 168% IRR.

    • Base case uses $2,300/oz gold with a $1,626/oz AISC and a 6-year mine life producing ~286,000 ounces of gold.

    • Fully funded development plan utilizing internal cash flow from San Antonio and stockpile production - no dilution required.

    • Expansion & Exploration Potential:

      • Drilling at Veta Madre Plus could add ~28,000 ounces and ~$30M in cash flow through a larger pit shell.

      • Additional upside from high-grade zones at depth and near-mine exploration around Creston and other targets.

      • Ana Paula Drill Results:

        • Standout intercept: 88m grading 8.8 g/t gold from 88m downhole.

        • 15,000m infill and conversion program underway; expanding to three rigs.

        • Upcoming PEA this quarter to outline underground economics, followed by a feasibility study targeting construction decision for 2028 production.

        • Resource: 710,000 oz M&I and 450,000 oz inferred with goal to convert total to M&I.

        • Strong Financial Position:

          • ~$30M cash (end of Q2) with increasing Q3 balance expected.

            • Please email me at [email protected] with any follow up questions for Charles. 

             

            Click here to visit the Heliostar Metals website to learn more about the Company. 

             

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            Investment disclaimer:

            This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

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