St. Augustine Gold and Copper Limited Advances Kingking Project to Definitive Feasibility Study and Engages Consulting Engineering Firms

Core Insights - St. Augustine Gold and Copper Limited has engaged Stantec Consulting Ltd. and Independent Mining Consultants, Inc. to conduct a Definitive Feasibility Study (DFS) for the Kingking Copper-Gold Project, following positive Pre-Feasibility Study (PFS) results that indicate strong economic potential [1][4] Financial Metrics - The PFS indicates exceptional financial metrics for the Kingking Project, with a projected post-tax NPV (7%) of $4.18 billion and an IRR of 34.2%, alongside a payback period of 1.9 years [5] - The project is expected to have a mine life of 31 years, with an additional seven years for low-grade or stockpile milling, and average annual production in the first five years projected at 129,000 tonnes of payable copper and 333,000 ounces of payable gold [2][5] Project Development - The St. Augustine Board has approved the advancement to the DFS phase on an accelerated timeline, with Stantec overseeing the study to ensure compliance with relevant regulations [3] - The DFS is scheduled for completion in Q4 2026 and will optimize key recommendations from the PFS, including the development of a Project Execution Plan and procurement strategies [3][4] Strategic Outlook - The project is positioned to deliver significant value to shareholders and stakeholders, with management expressing confidence in the expertise of Stantec and IMC to optimize the project [4]