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 Fleck@kereport.com with any follow up questions for Charles. 

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

For more market commentary & interview summaries, subscribe to our Substacks:
The KE Report: https://kereport.substack.com/
Shad’s resource market commentary: https://excelsiorprosperity.substack.com/

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.