GMV Minerals Signs Multi Year Land Licensing Agreement

Core Viewpoint - GMV Minerals Inc. has signed an amended multi-year Land Licensing Agreement with the Kay B. Graham Revocable Trust, allowing access to certain ranch lands for exploration drilling activities [1][2]. Group 1: Land Licensing Agreement - The amended agreement authorizes GMV to operate a weather station and collect weather-related data, as well as long-term water quality and quantity information from monitoring wells [2]. Group 2: Project Overview - GMV Minerals Inc. is focused on developing precious metal assets in Arizona, specifically the Mexican Hat Property, which has a NI 43-101 inferred resource estimate of 36,733,000 tonnes grading 0.58 g/t gold, containing 688,000 ounces of gold [3][4]. Group 3: Preliminary Economic Assessment (PEA) Highlights - The PEA indicates a pre-tax Internal Rate of Return (IRR) of 66.1% and a pre-tax net present value (NPV) of US$390.2 million at a gold price of US$2,500 per ounce, with a payback period of 1.53 years [4]. - At a gold price of US$4,000 per ounce, the project shows a pre-tax IRR of 134.2% and a pre-tax NPV of US$1.055 billion [4]. - The mine is projected to have a life of 10 years, with total production of 597,841 ounces, averaging approximately 60,000 ounces per year [4]. Group 4: Capital Expenditure and Operational Details - The capital expenditure (Capex) for the project is estimated at US$89,997,000, including a contingency of US$15.4 million [4]. - The project features a low life-of-mine strip ratio of 2.05 and the potential for increased pit size and contained ounces with rising gold prices [4].