ION now controls just over 280,000 mineral acres across three project areas.
Deal includes a strategic investment, and combines advanced feedstock sourcing, preprocessing, and refining capabilities.
The project would involve the sequential mining of two pits (Marte and Lobo) to support a 16-year operating life.
Allied Gold delivered about 379,000 oz. of gold production during 2025.
Proven and probable reserves stood at 7.22 million gold-equivalent ounces (GEOs), compared with 3.44 million previously.
Spot gold rose as much as 1.8% to around $4,760 an ounce, adding to its weekly gain of over 3%.
Sentiment drove votes as the US-Israel-Iran conflict lifted energy costs, disrupted supply chains and fuelled metal volatility.
The latest drilling confirms both the continuity and extension of mineralization within the East Graben vein system.
Revised plan for the vast copper mine complex lowers near-term volumes while prioritizing stability and long-term efficiency gains.
Orion’s materials include aluminum-lithium alloys that reduce weight in the crew module, titanium provides structural strength, and nickel-based superalloys allow engines to operate under severe heat.