Prnewswire·2026-02-17 11:30Core Viewpoint - GoldMining Inc. has released an updated Mineral Resource Estimate (MRE) for its Crucero Project in Peru, highlighting a significant increase in gold equivalent ounces and the inclusion of antimony for the first time, which is expected to enhance the project's value [1]. Group 1: Mineral Resource Estimate Highlights - The updated MRE indicates a 75% increase in estimated gold equivalent ounces in the Indicated category compared to the previous MRE from 2017 [1]. - The Indicated Mineral Resource is now 42.7 million tonnes at 1.26 grams per tonne (g/t) gold equivalent, totaling 1.74 million ounces (Moz) AuEq [1]. - The Inferred Mineral Resource is reported as 34.9 million tonnes at 0.93 g/t AuEq, equating to 1.04 Moz AuEq [1]. Group 2: Antimony Contribution - Antimony is now modeled in the MRE, contributing approximately 25% of the Indicated AuEq ounces and 29% of the Inferred AuEq ounces [1]. - The inclusion of antimony is noted as a strategic enhancement, given its global importance as a critical metal [1]. Group 3: Economic Assumptions - The MRE is based on long-term average prices of US$3,110 per ounce for gold and US$28,700 per tonne for antimony [1]. - The report emphasizes that the current spot prices for gold are near US$5,000 per ounce, indicating potential for further value realization [1]. Group 4: Project Background and Exploration - The Crucero Project is located in Carabaya Province, Peru, and has undergone extensive exploration from 1996 to 2012, including geological mapping and diamond drilling [1]. - The project consists of eight mining concessions covering an area of 4,600 hectares, and is wholly owned by GoldMining through its subsidiary Blue Rock Mining S.A.C. [1].