Scottie Resources Files PEA for Scottie Gold Mine Project

Core Viewpoint - Scottie Resources Corp. has filed a Preliminary Economic Assessment (PEA) for the Scottie Gold Mine project, indicating strong economic potential based on current gold prices and a robust development scenario [1][2]. PEA Highlights - The PEA assumes a gold price of US$2,600 per troy ounce and a US$/CAD$ exchange rate of 0.72:1.00 [2]. - After-tax NPV (5%) is projected at $215.8 million at US$2,600/oz gold and $668.3 million at US$4,200/oz gold [7]. - Initial capital cost is estimated at $128.6 million, with an average annual production of approximately 65,400 ounces of gold over a 7-year mine life [7]. - The after-tax payback period is 1.7 years for the standalone Direct-Ship Ore (DSO) case at US$2,600/oz gold and 0.9 years under the toll-milling scenario [7]. Resource Estimates - Scottie Resources holds 100% interest in the Scottie Gold Mine Property, which includes a total of 703,000 gold ounces at an average grade of 6.1 g/t in the inferred category [8][9]. - The company aims to expand this resource and define additional mineralization through systematic drilling and surface exploration [9]. Direct Shipping Ore (DSO) Scenario - The company is evaluating a potential DSO scenario, with permits in hand for a 10,000-tonne bulk sample to collect geotechnical and metallurgical data [10]. - This initiative aims to assess a low-capex path to potential near-term revenue through toll milling or third-party processing [10].