Radisson Files Technical Report for O'Brien Gold Project Preliminary Economic Assessment

Core Viewpoint - Radisson Mining Resources has filed a technical report for the O'Brien Gold Project, highlighting its high value and low capital costs due to the use of neighboring milling facilities [1][2]. Project Overview - The O'Brien Preliminary Economic Assessment (PEA) indicates a project that utilizes existing infrastructure, which reduces capital costs and development risks [2]. - The ongoing drill program aims to delineate new gold mineralization beyond the current Mineral Resource Estimate (MRE) [2]. PEA Highlights - The PEA was conducted by Ausenco Engineering Canada ULC, with contributions from InnovExplo, BBA Inc., and SLR Consulting [3]. - Key financial metrics include an after-tax Net Present Value (NPV) of $532 million, an Internal Rate of Return (IRR) of 48%, and a payback period of 2.0 years at a gold price of US$2,550/oz [7]. - Initial capital costs are estimated at $175 million, with sustaining capital of $173 million over the mine's life [7]. - The project is expected to have an 11-year mine life, producing 740,000 ounces of gold with an average recovery rate of 87% [7]. Financial Metrics - Cash costs are projected at US$861/oz, with an All-In Sustaining Cost (AISC) of US$1,059/oz, which includes a conceptual 30% toll milling margin [7]. - The project is characterized as capital efficient, with an NPV to initial capital cost ratio of 3.0 at the specified gold price [7]. - Average steady-state gold production is estimated at 70,000 ounces per annum, generating an average annual after-tax Free Cash Flow of $97 million during years 2-8 [7]. Company Background - Radisson Mining is focused on the O'Brien Gold Project, which is located in the Bousquet-Cadillac mining camp in Abitibi, Québec [14]. - The indicated mineral resources are estimated at 0.58 million ounces, with additional inferred resources of 0.93 million ounces [14].