Dundee Precious Metals Announces High-Grade Intercepts at Dumitru Potok | 1 Du n d ee Precio u s Me t als Rep o rt s Hig h -Grad e In t ercep t s at Du m it ru Po t o k of 131.6 m et res g ra d in g 3.93 % C u Eq an d 76 m et res at 2.4 7 % Cu Eq
Dundee Precious Metals Announces High-Grade Intercepts at Dumitru Potok | 1
Du n d ee Precio u s Me t als Rep o rt s Hig h -Grad e In t ercep t s at Du m it ru Po t o k
of 131.6 m et res g ra d in g 3.93 % C u Eq an d 76 m et res at 2.4 7 % Cu Eq
Toronto, Ontario, September 10, 2025 – Dundee Precious Metals Inc. (TSX:DPM) (“DPM”) today
reported high-grade copper -gold-silver intercepts from its ongoing Serbian exploration program,
including the Dumitru Potok prospect. Results included an intercept of 131.6 metres grading 3.93%
CuEq, comprised of 1.53% Cu, 2.41 g/t Au and 12 g/t Ag from 1,126 metres and 76 metres at 2.47%
CuEq, comprised of 1.01% Cu, 1.43 g/t Au and 10.37 g/t Ag from 1,277 metres downhole at hole
DPDD032. This represents one of the most significant intercepts at Dumitru Potok to date and displays
more than 250 metres of continuous skarn alteration and mineralization downhole.1
The Company reported exploration results from its Rakita North and Frasen target delineation programs.
Across the Rakita camp, the Company completed approximatively 45,000 metres and 70 drillholes year-
to-date, with 15 drillholes in progress.
DPM expects to report three maiden Inferred Mineral Resource estimate s by year-end 2025 for the
Dumitru Potok, Rakita North and Frasen prospects, and is continuing additional scout drilling on the
Potaj Čuka and Pešter Jug licences.
Drilling Results Highlights (Refer to Tables 1, 2 and 3 for full results)
• DPDD032: 131.6 metres grading 1.53% Cu, 2.41 g/t Au and 12 g/t Ag from 1,126 metres downhole,
including 71 metres grading 2.52% Cu, 3.97 g/t Au and 19.3 g/t Ag and 76 metres at 1.01% Cu,
1.43 g/t Au and 10.37 g/t Ag from 1,277 metres downhole at Dumitru Potok.
• RADD055A: 159 metres grading 0.70% Cu, 0.48 g/t Au and 2.04 g/t Ag from 438 metres downhole,
including 8 metres grading 1.30% Cu, 0.83 g/t Au and 3.20 g/t Ag from 533 metres downhole and,
including 12 metres grading 1.17% Cu, 0.88 g/t Au and 1.60 g/t Ag from 561 metres downhole at
the Rakita North prospect.
• RADDGTH009: 194 metres grading 0.48% Cu, 0. 29 g/t Au and 1.59 g/t Ag from 1 ,072 metres
downhole, including 15 metres grading 1.40% Cu, 0.79 g/t Au and 3.60 g/t Ag from 1,222 metres
downhole and 12 metres grading 1.76% Cu, 0.93 g/t Au and 2.80 g/t Ag from 1251 metres downhole
at the Rakita North prospect.
• BIDD242: 188 metres grading 0.89 g/t Au and 0.24% Cu from 105 metres downhole at the Frasen
porphyry prospect.
1 See Table 1 for full results from Dumitru Potok; these results are not indicative of all results.
Dundee Precious Metals Reports High-Grade Intercepts at Dumitru Potok | 2
“We continue to be excited by the impressive drill results at Dumitru Potok. The Rakita camp is clearly
demonstrating the existence of a large copper -gold system, analogous to other large porphyry -skarn
systems globally, and remains largely untested,” said David Rae, President and Chief Executive Officer
of DPM.
“Located adjacent to planned Čoka Rakita infrastructure, Dumitru Potok has the potential to unlock
additional value and growth potential for an already high -margin, high-return organic project. We are
targeting resource estimates for the Dumitru Potok, Rakita North and Frasen targets by year -end. We
are also increasing our exploration budget to extend the scout drilling program, targeting additional high-
potential areas within the six-kilometre trend we have identified to date.”
Dumitru Potok prospect
Drilling during the 2025 exploration program continues to produce high -grade intercepts as seen in
DPDD032. A daughter drillhole to DPDD032, identified as DPDD032B , is currently in progress and
further extends the mineralization for approximatively 50 metres south of DPDD032, intersecting similar
strong skarn mineralization. Drillholes DPDD032 and DPDD032B extend mineralization approximatively
200 meters south of DPDD026, which previously reported 115 metr es grading 1.47% Cu, 2.73 g/t Au,
and 9.69 g/t Ag.2
As a result, exploration drilling has expanded the proximal manto and contact skarn high-grade copper-
gold-silver mineralization along both flanks of the causative intrusion for approximately 450 metres of
strike length with vertical development of more than 300 metres and thickness of 50 to 100 metres as
inferred from geology and drillhole data. The upper stratabound -manto mineralization extends by a
further 500 metres from the causative intrusion and more than one kilometre of strike length with
indications of probable continuity towards Frasen to the west, Rakita North to the south and Valja Saka
to the north . The copper-gold-silver mineralization remains open in multiple directions and additional
drilling is ongoing with seven rigs currently active on the project.
Table 1. Drill holes results from the target delineation drilling campaign testing stratabound and marble-
intrusive contact skarn targets at Dumitru Potok and Frasen.
HOLEID EAST NORTH RL AZ DIP
FROM TO LENGTH CuEq Cu Au Ag
(m) (m) (m) (%) (%) (g/t) (g/t)
DPDD023A 573562 4897055 152 229 -80 614 628 14 0.55 0.34 0.20 2.26
656 666 10 0.53 0.36 0.13 4.20
DPDD023B 573556 4897050 114 237 -77 839 873 34 0.82 0.42 0.39 3.38
DPDD023C 573424 4896991 -381 252 -72 259 272 13 1.82 0.94 0.85 7.51
including 260 267 7 2.21 1.06 1.12 8.70
and 336 359 23 2.00 1.02 0.98 4.23
DPDD025 573700 4897659 726 229 -67 no significant intervals
2 Refer to the news release dated February 19, 2025, available on our website at www.dundeeprecious.com and SEDAR+ at
www.sedarplus.ca.
Dundee Precious Metals Reports High-Grade Intercepts at Dumitru Potok | 3
HOLEID EAST NORTH RL AZ DIP
FROM TO LENGTH CuEq Cu Au Ag
(m) (m) (m) (%) (%) (g/t) (g/t)
DPDD025B 573544 4897533 243 233 -67 no significant intervals
DPDD025C 573516 4897515 161 241 -68 938 944 6 0.69 0.51 0.16 3.32
DPDD026A 573082 4897041 204 278 -72 aborted for technical reasons
DPDD031 573859 4896932 649 179 -48 176 185 9 0.91 0.69 0.18 5.03
DPDD032 572983 4896757 772 350 -85 1099 1105 6 1.08 0.45 0.62 4.03
and 1126 1257.6 131.6 3.93 1.53 2.41 12.00
including 1158 1229 71 6.48 2.52 3.97 19.30
including 1239 1252 13 2.42 0.99 1.41 8.70
and 1277 1353 76 2.47 1.01 1.43 10.37
including 1280.3 1288 7.7 3.74 0.80 3.01 8.60
including 1295 1352 57 2.59 1.21 1.32 12.4
DPDD032A 572965 4896818 -78 326 -85 aborted for technical reasons
DPDD032B 572979 4896794 227 354 -86 in progress
DPDD033 573316 4896782 711 241 -72 in progress
DPDD034 573270 4897247 697 230 -70 938 944.8 6.8 1.98 1.29 0.59 12.62
DPDD035 572986 4897226 735 87 -81 in progress
DPDD036 in progress
DPDD037 572824 4896784 786 129 -82 in progress
BIDD239 572053 4897414 894 239 -56 no significant intervals
BIDD241 572088 4897261 931 262 -50 304 320 16 2.11 0.65 1.47 5.70
BIDD242 572782 4896890 786 244 -49 793 828 35 0.56 0.31 0.23 2.52
and 862 869 7 0.67 0.39 0.26 2.43
and 881 886 5 0.86 0.53 0.31 2.97
and 925 932 7 0.58 0.46 0.09 3.47
and 1027 1053 26 1.02 0.64 0.38 2.66
BIDD247 572690 4896994 775 66 -63 712 727 15 0.67 0.47 0.18 2.72
1) Coordinates are in UTM Zone 34 North WGS84 datum.
2) Intervals are reported at a cut-off grade of 0.5% CuEq using 5 metres minimum length and 10 metres maximum internal dilution.
Higher grade sub-intervals denoted with ‘including’ are reported at a cut-off grade of 2% CuEq using 5 metres minimum length
and 5 metres maximum internal dilution.
3) The CuEq calculation is based on the following formula: Cu % + Au g/t x 0.95 + Ag g/t x 0.01 based on a copper price of $3.85
/lb, gold price of $2,600/oz and silver price of $26/oz ; and assumes metallurgical recoveries of 90% all metals within the
equivalency calculation. Metallurgical assumptions are based on initial floatation testwork completed on the stratabound hosted
Cu-Au-Ag mineralization at Dumitru Potok and ongoing metallurgical testing.
4) No upper cuts have been applied.
5) Based on the limited understanding of the geometry of the mineralized body, true widths are considered to be 90% or more of
the reported downhole interval, assuming strata-bound control on the mineralization. For hole DPDD032 the true width cannot
be evaluated at this time without additional infill drilling data.
6) Daughter holes identified with “A” (e.g., DPDD032A) are navigational holes with collar coordinates and depth indicating the exit
point from the parent hole.
Dundee Precious Metals Reports High-Grade Intercepts at Dumitru Potok | 4
Rakita North prospect
New drill results proximal to Čoka Rakita ’s planned underground development continue to expand
marble-hosted copper-gold-silver mineralization, with continuous intervals higher-grade mineralization
identified further east of previously known extents . The current prospect footprint is approximately 500
metres by 450 metres with vertical development up to approximately 300 metres. The higher -grade
mineralization at Rakita North is a combination of manto -like skarn mineralization on the upper and
lower contact , as well as more discrete stratabound skarn s and structurally controlled subvertical
stockwork veins over the entire marble lithological package. Mineralization remains open in multiple
directions and additional drilling is ongoing with three rigs currently active. One of the three drill rigs has
been mobilized east of Rakita North at a larger -than-average step out distance to test a large
geophysical anomaly contemplated as a potential fertile, causative intrusion within this prospect area.
Table 2. Drill holes results from the target delineation drilling campaign testing the copper -gold-silver
marble hosted targets at Rakita North.
HOLEID EAST NORTH RL AZ DIP
FROM TO LENGTH CuEq Cu Au Ag
(m) (m) (m) (%) (%) (g/t) (g/t)
RADD055 573049 4896004 910 4 -90 682 694 12 0.71 0.16 0.56 2.64
and 903 926 23 2.00 1.35 0.64 3.96
including 906 914 8 3.44 2.48 0.95 5.3
and 1013 1052 39 0.85 0.51 0.34 2.12
and 1100.2 1108 7.8 0.73 0.44 0.28 1.74
RADD055A 573060 4896184 304 315 -75 319 351 32 2.26 0.56 1.75 3.61
including 324 337 13 4.61 0.83 3.91 6.50
and 365 416 51 0.51 0.31 0.19 1.11
and 438 597 159 1.17 0.70 0.48 2.04
including 533 541 8 2.11 1.30 0.83 3.20
including 561 573 12 2.02 1.17 0.88 1.60
RADD055B 573058 4896186 292 310 -75 in progress
RADDGTH009 573169 4896096 866 303 -76 1016 1021 5 1.32 0.92 0.38 3.53
and 1072 1266 194 0.77 0.48 0.29 1.59
including 1222 1237 15 2.18 1.40 0.79 3.60
including 1251 1263 12 2.68 1.76 0.93 2.80
and 1277 1321.7 44.7 0.66 0.45 0.22 0.83
RADDGTH009A 573052 4896012 329 351 -88 420 443 23 1.35 0.87 0.46 3.62
including 423 431 8 2.07 1.38 0.73 5.40
and 501 516 15 1.89 1.09 0.78 5.36
and 537 584 47 1.33 0.35 1.01 2.29
including 553 560 7 5.84 0.71 5.33 7.60
and 752 783 31 2.72 1.82 0.86 8.58
including 758 782 24 3.10 2.15 0.89 10.00
RADDGTH009B 573052 4896016 276 17 -81 in progress
Dundee Precious Metals Reports High-Grade Intercepts at Dumitru Potok | 5
1) Coordinates are in UTM Zone 34 North WGS84 datum.
2) Intervals are reported at a cut -off grade of 0. 5% CuEq using 5 metres minimum length and 10 metres maximum internal
dilution. Higher grade sub -intervals denoted with ‘including’ are reported at a cut -off grade of 2% CuEq using 5 metres
minimum length and 5 metres maximum internal dilution.
3) The CuEq calculation is based on the following formula: Cu % + Au g/t x 0.95 + Ag g/t x 0.01 based on a copper price of $3.85
/lb, gold price of $ 2,600/oz and silver price of $ 26/oz; and assumes metallurgical recoveries of 90% all metals within the
equivalency calculation. Metallurgical assumptions are based on initial floatation testwork completed on the stratabound
hosted Cu-Au-Ag mineralization at Čoka Rakita North and ongoing metallurgical testing.
4) No upper cuts have been applied.
5) Based on the limited understanding of the geometry of the mineralized body, true widths are considered to be 90% or more
of the reported downhole interval, assuming a strata-bound control on the mineralization.
Frasen skarn and porphyry prospect
Target delineation drilling following up on the shallow copper-gold porphyry mineralization encountered
at drillhole BIDD224 (which intersected 190 metres at 0.35 g/t Au and 0.16% Cu from 8 metres downhole
and 184 metres at 0.48 g/t Au and 0.18% Cu from 308 metres downhole ) defined additional
mineralization over a footprint of approximately 200 metres by 400 metres with a vertical extent of at
least 400 metres from surface . Mineralization is associated with well -developed stockwork porphyry
veins hosted in a causative, strongly potassic altered diorite porphyry intrusive. Drillhole BIDD242
returned the best intercept to date at Frasen, with consistent gold-rich porphyry copper mineralization
over 188 metres grading 0.89 g/t Au and 0.24% Cu. Drillholes BIDD241, BIDD242 and BIDD247 have
been extended at depth to further delineate strat a-bound manto -like mineralization at the lower and
upper marble contacts west of the Frasen porphyry target , with notable intercepts from this
mineralization style reported earlier in Table 1.
Table 3. Drill holes results from the target delineation drilling campaign testing the Frasen copper -gold
porphyry target.
HOLEID EAST NORTH RL AZ DIP
FROM TO LENGTH AuEq Au Cu
(m) (m) (m) (g/t) (g/t) (%)
BIDD237 572987 4896757 773 244 -44 471 476 5 0.40 0.39 0.01
and 525 534 9 0.33 0.16 0.16
BIDD238 572555 4896692 862 60 -49 200 217 17 1.83 1.77 0.06
and 228 298 70 0.77 0.58 0.18
including 231 276 45 0.98 0.76 0.21
including 282 288 6 0.53 0.34 0.18
and 317 328 11 0.59 0.44 0.14
including 318 323 5 0.91 0.68 0.22
and 356 366 10 0.34 0.29 0.04
and 388 434 46 0.51 0.47 0.04
including 406 434 28 0.65 0.60 0.05
and 481 494 13 0.32 0.19 0.12
and 574 579 5 0.42 0.25 0.16
Dundee Precious Metals Reports High-Grade Intercepts at Dumitru Potok | 6
HOLEID EAST NORTH RL AZ DIP
FROM TO LENGTH AuEq Au Cu
(m) (m) (m) (g/t) (g/t) (%)
BIDD240 572414 4897033 890 70 -61 463 509 46 0.37 0.14 0.22
including 498 508 10 0.62 0.25 0.36
and 530 546 16 0.39 0.11 0.26
including 532 537 5 0.61 0.21 0.38
and 586.5 624 37.5 0.39 0.16 0.21
including 588 597 9 0.56 0.31 0.24
including 603 611 8 0.52 0.17 0.33
BIDD242 572782 4896890 786 244 -49 105 293 188 1.14 0.89 0.24
including 132 292 160 1.28 1.01 0.26
and 510 516 6 0.43 0.26 0.16
and 527 556 29 0.49 0.39 0.09
including 537 545 8 1.18 1.04 0.13
BIDD242A 572492 4896738 383 241 -52 aborted for technical reasons
BIDD246 572507 4896840 863 69 -45 158 177 19 0.31 0.24 0.07
and 210 224 14 0.34 0.24 0.10
and 251 315 64 0.69 0.51 0.17
including 264 287 23 1.45 1.09 0.33
and 386 396 10 0.37 0.25 0.11
BIDD247 572690 4896994 775 237 -54 6 90 84 0.35 0.27 0.07
including 61 69 8 0.69 0.60 0.09
and 152 158 6 0.48 0.37 0.11
and 169 176 7 0.51 0.41 0.10
and 551 557 6 0.32 0.23 0.08
BIDD248 572504 4896839 861 66 -63 268 292.6 24.6 0.39 0.27 0.11
including 284 292.6 8.6 0.61 0.47 0.14
BIDD249 572508 4896834 861 68 -62 in progress
BIDD250 572416 4897030 891 79 -71 in progress
DPDDHG002 572637 4896925 796 247 -89 136 270 134 0.71 0.54 0.17
including 167 268 101 0.82 0.62 0.19
and 313 397 84 1.28 1.02 0.24
including 313 379 66 1.55 1.26 0.28
1) Coordinates are in UTM Zone 34 North WGS84 datum.
2) Intervals are reported at a cut -off grade of 0.3% AuEq using 5 metres minimum length and 10 metres maximum internal
dilution. Higher grade sub-intervals denoted with ‘including’ are reported at a cut-off grade of 0.5% AuEq using 5 metres.
3) The AuEq calculation is based on the following formula: Au g/t + Cu % x 1.06 based on a copper price of $3.85 /lb, gold price
of $2,600/oz; and assumes metallurgical recoveries of 85% both metals within the equivalency calculation.
4) No upper cuts have been applied.
5) Based on the limited understanding of the geometry of the mineralized body true widths cannot be calculated at this time.
Dundee Precious Metals Reports High-Grade Intercepts at Dumitru Potok | 7
Next steps
In light of these encouraging results, DPM has increased its planned spending related to the Serbian
exploration program to approximately $28 million to $30 million, from the previous guidance of between
$23 million and $25 million, and plans to drill an additional 15,000 to 20,000 metres by the end of the
year. The Company’s intensive camp-wide exploration campaign is ongoing, with 15 drill rigs deployed
across the Rakita camp. The focus for the balance of the year will be completing the target delineation
drilling programs at Dumitru Potok, Rakita North and Frasen, to support of the maiden Inferred Mineral
Resource estimates, and pursuit of multiple targets on the Potaj Čuka and Pešter Jug licences.
Ongoing Stakeholder Engagement
Consistent with the approach across all operations, DPM seeks to build and maintain strong
partnerships with local communities and governments. The Company has had a local presence in Serbia
since 2004 and has developed strong relationships in the region and will continue to proactively engage
with all stakeholders as the Čoka Rakita project and additional exploration activities advance.
Dundee Precious Metals Reports High-Grade Intercepts at Dumitru Potok | 8
Figure 1. Project scale map highlighting the updated targets and results from the ongoing target
delineation drilling.