Revival Gold Files NI 43-101 Preliminary Economic Assessment for the Mercur Gold Project

Core Viewpoint - Revival Gold Inc. has filed a technical report on the Mercur Gold Project, confirming the results disclosed in a previous news release, indicating a strong potential for the project's economic viability [1][3]. Company Overview - Revival Gold is one of the largest pure gold mine developers in the United States, focusing on the Mercur Gold Project in Utah and the Beartrack-Arnett Gold Project in Idaho [5]. Technical Report Highlights - The technical report, prepared by Kappes, Cassiday & Associates and RESPEC Company, outlines a life-of-mine production of 65.6 million tonnes of mineralized material at an average grade of 0.60 grams per tonne, with an average recovery rate of 75%, generating approximately 95,600 ounces of gold annually over a 10-year mine life [6]. - The after-tax net present value (NPV) at a 5% discount rate is estimated at $295 million, with an internal rate of return (IRR) of 27% at a gold price of $2,175 per ounce, increasing to $752 million NPV and 57% IRR at $3,000 per ounce [6]. - The after-tax payback period is projected to be 3.6 years at $2,175 per ounce, decreasing to 1.7 years at $3,000 per ounce [6]. - Pre-production and working capital requirements are estimated at $208 million, with additional sustaining capital of $110 million over the life of the mine [6]. - The average cash cost is projected at $1,205 per ounce, with all-in sustaining costs at $1,363 per ounce [6]. - The mine plan is based on indicated mineral resources of 35.3 million tonnes grading 0.66 grams per tonne, containing 746,000 ounces of gold, and inferred mineral resources of 36.2 million tonnes grading 0.54 grams per tonne, containing 626,000 ounces of gold [6]. - The expected timeline to complete mine permitting is approximately two years [6].