Core Viewpoint - Sage Potash Corp. has completed a positive Preliminary Economic Assessment (PEA) for its Sage Plain Potash Project, indicating a robust economic potential with an after-tax Net Present Value (NPV) of $502 million and an Internal Rate of Return (IRR) of 39% [1][4][6]. Economic Overview - The PEA estimates an unlevered after-tax NPV of $502 million and a 39% IRR over a 20-year project life [6][15]. - The project is expected to generate cumulative free cash flow of $1.26 billion, with a payback period of 5 years and cash flow positive within 2 years [6][15][21]. - Initial capital expenditures (CapEx) are projected at $155 million, which includes $26 million in contingencies and $16 million in construction indirect costs [6][15][17]. - The average operating cost is estimated at $144 per metric tonne, with a gross margin of 68% [8][21]. Operations Overview - The project will utilize solution mining to produce potash, with an initial capacity of 300,000 metric tonnes per year [11][12]. - The facility is strategically located in San Juan County, Utah, close to agricultural markets, providing significant transportation cost advantages [19][20]. - The project is designed to support multiple phases of production and has a favorable timeline for permitting and engineering [6][14][19]. Resource Overview - The PEA identifies an inferred potash resource of 298 million metric tonnes, with a KCl grade of 42.1% [6][25]. - The resource is located in the Paradox Basin, known for its high-quality potash deposits and proven history of solution mining [25][26]. - The project has potential for significant future incremental capacity expansion, with additional exploration planned to convert inferred resources to measured and indicated resources [27][28]. Next Steps - Sage Potash plans to advance its efforts in delineating the resource and optimizing the project, including drilling an exploration well to confirm cavern concentrations and flow rates [27][28]. - The company aims to secure commercial initiatives, including potential off-take agreements and partnerships within the agricultural sector [28][30].

Core Viewpoint - Allied Critical Metals Inc. has announced significant assay results from its ongoing drilling campaign at the Borralha Tungsten Project, indicating the Santa Helena Breccia is emerging as a larger and higher-grade orebody than previously modeled [1][3][4] Company Developments - The company is conducting a 4,200 meters reverse circulation drilling campaign at the Borralha Tungsten Project, with plans for an additional 1,528 meters of drilling in Q4 2025 [1][4] - Recent drill results have extended mineralization both west and north of previously reported high-grade intercepts, suggesting a larger and higher-grade Breccia complex [1][4][12] - The CEO highlighted the potential of Borralha as a strategic source of tungsten for Portugal, the EU, and NATO, emphasizing the importance of the upcoming Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) [3][5] Industry Context - Tungsten prices have reached a new high of U.S.$550/MTU, reflecting a more than 40% increase over the past four months due to rising demand and supply chain restrictions from non-Western countries [2] - The European Union recognizes tungsten as a critical and strategic raw material, with the Borralha Project positioned to help meet the EU's target of sourcing at least 10% of its critical raw materials domestically by 2030 [5][24] - The U.S. and NATO defense sectors are heavily reliant on tungsten, making the Borralha Project a vital component of critical mineral supply chains [5][24] Drilling Results - The latest drill results include significant intervals such as 100.0 meters at 0.21% WO₃ from drill hole Bo_RC_17/25, indicating a bulk-mineable medium-grade core with well-defined high-grade corridors [4][7] - Drill hole Bo_RC_14/25 previously reported 12.0 meters at 4.27% WO₃, including 6.0 meters at 8.39% WO₃, showcasing the high-grade potential of the project [4][7] - The drilling program is expanding the footprint of the Breccia complex, with new northern deep lode identified for resource growth [5][12] Future Plans - The company plans to continue drilling to target west-deep and northern extensions while tightening spacing across the MRE backbone, with additional assays to be released as they are validated [14] - The timeline is aligned with an updated MRE expected in Q4 2025, followed by a PEA [14]

Core Insights - The Haib Copper Project is positioned as a scalable, low-risk, and low-cost open-pit mining operation with a projected mine life of 23 years and annual payable copper production of 92,000 tonnes [2][5][7] - The Preliminary Economic Assessment (PEA) indicates a post-tax NPV of US$1.351 billion and an IRR of 20.1%, highlighting the project's strong financial viability [5][10] - The project is located in southern Namibia, an area with rich infrastructure, and is under new management aiming to optimize and de-risk the project [2][7] Financial Overview - The PEA estimates an upfront construction capital of US$1.559 billion and sustaining capital of US$543 million over the life of the mine [5][12] - Average C1 cash costs are projected at US$1.81 per pound for the first ten years, with an AISC of US$2.05 per pound [5][12] - The project has a capital intensity of US$16,871 per tonne of annual payable copper production for the first ten years [5][12] Production and Recovery - The project plans to produce copper and molybdenum concentrates through a conventional milling and flotation process, with additional copper cathode production via heap leaching [5][7] - The average recovery rates are estimated at 89% for milling and flotation and 74% for heap leaching [5][12] - The total mineralized material mined is projected to be 779 million tonnes, with a copper grade of 0.309% [14][41] Environmental and Social Considerations - The permitting process is underway, with a mining license application submitted and positive public perception regarding job creation and economic development [5][7] - Environmental and social impact assessments are progressing positively, indicating a supportive community for the project [5][7] Technical and Operational Aspects - The project is designed to process 28 million tonnes per annum through conventional methods, with a hybrid solution for water sourcing [5][12] - The technical team has a strong track record in mine development in Namibia, enhancing the project's credibility [7][8] - Ongoing drilling and metallurgical testing are expected to unlock further upside in terms of size and grade improvements [4][5]

Core Viewpoint - Viva Gold Corp has filed a Preliminary Economic Assessment (PEA) report for the Tonopah Gold Project, indicating its potential viability for development as an economic open pit gold mine [1][2]. Project Overview - The Tonopah Gold Project is located approximately 20 minutes from Tonopah, Nevada, and the PEA was prepared by WSP Canada Inc. and Kappes, Cassiday Associates [1][2]. - The project is designed to operate at a rate of 45,000 tonnes per day over a seven-year mine life, producing approximately 75,000 ounces of gold annually for the first two years, with an average of 50,000 ounces per year in years three to seven [3]. Economic Results - The after-tax net present value (NPV) at a 5% discount rate is estimated at $111.6 million at a gold price of $2,400 per ounce, increasing to $363.6 million at $3,200 per ounce [4]. - The after-tax internal rate of return (IRR) is projected at 17.6% at $2,400 per ounce, rising to 43.4% at $3,200 per ounce [4]. - The after-tax payback period is estimated at 3.6 years at $2,400 per ounce, decreasing to 1.8 years at $3,200 per ounce [4]. Cost Structure - Average production cash costs are projected at $1,164 per ounce of gold, with an all-in sustaining cost (AISC) of $1,269 per ounce [4]. - Pre-production capital expenditure is estimated at $219.9 million, with $22.2 million in working capital and additional sustaining capital of $70.4 million [4]. Future Work Program - The future work program recommended by WSP and KCA includes further refinement and optimization of the final mine and process plan, with a focus on improving capital and operating costs [2][4]. Management and Company Background - Viva Gold is led by CEO James Hesketh, who has extensive experience in the mining industry, having developed and constructed eight other mines globally [7][8]. - The company is advancing the Tonopah Gold Project with the support of institutional shareholders and is committed to environmentally and socially responsible development [9][8].

Core Insights - Tintina Mines Limited has completed its 2025 drilling campaign at the Domeyko Sulfuros Project in Chile, aiming to upgrade Inferred Resources and support a Preliminary Economic Assessment (PEA) [1][9] - Preliminary drill results confirm resource potential and indicate opportunities for deposit expansion [2] - The drilling campaign involved 12 diamond drill holes totaling 5,810 meters, providing essential data for geological modeling and geotechnical analysis [3] Resource and Assay Results - An updated resource estimate is expected in September, with complete Cu-Au assay results anticipated by the end of August; currently, 20% of geochemical results have been received [4] - Key mineralogical findings indicate chalcopyrite as the primary copper-bearing mineral, with favorable liberation and low pyrite association [5] Geometallurgical Testing - Comminution tests show low ore abrasiveness and medium to hard hardness in primary grinding, supporting a conventional grinding circuit design [5] - Rougher flotation tests yielded average recoveries of 92.6% Cu and 74.9% Au at P80 = 150 µm, with no significant differences between seawater and freshwater use [8] Preliminary Economic Assessment (PEA) - Andean Belt Resources has engaged SRK Consulting for the PEA, which will include resource estimation, cost estimation, and economic scenario generation, with the final report scheduled for December 2025 [9] Company Overview - Tintina Mines Limited is a Canadian company with over 20 years in the junior mining sector, focusing on base and precious metal properties in South America and Canada; it has recently expanded its portfolio with new projects in Chile [11]

Core Insights - Desert Gold Ventures Inc. has announced a positive Preliminary Economic Assessment (PEA) for its SMSZ Gold Project in Mali, highlighting a robust economic outlook with an after-tax NPV of USD $24 million and an IRR of 34% at a gold price of USD $2,500 per ounce [1][3][10]. Project Overview - The SMSZ Gold Project includes the Barani and Gourbassi deposits, with a projected production capacity of approximately 18,300 tonnes per month, translating to 220,000 tonnes per annum over a mine life exceeding 17 years [2][5]. - The PEA indicates a total of 113,500 ounces of gold contained, with an estimated recovery of 97,600 ounces through a gravity and CIL processing method, achieving an average metallurgical recovery of 86% [3][25]. Financial Metrics - At a gold price of USD $2,500 per ounce, the project yields an after-tax NPV (10%) of USD $24 million, an IRR of 34%, and a payback period of 3.25 years [3][10]. - If the gold price rises to USD $3,366, the after-tax NPV increases to USD $54 million, with an IRR of 64% and a payback period of 2.5 years [4][10]. Capital and Operating Costs - The initial capital expenditure is estimated at USD $15 million, with sustaining capital costs projected at USD $9 million over the life of the mine [7][19]. - The all-in sustaining cost (AISC) is estimated at USD $1,352 per ounce, with total cash costs at USD $34.80 per tonne processed [22][24]. Production and Resource Estimates - Average annual gold production is estimated at 5,500 ounces, with total payable gold production projected at approximately 97,600 ounces across both deposits [16][25]. - The total Measured and Indicated (M&I) Resources stand at 11.12 million tonnes grading 0.94 g/t Au for 336,800 ounces, while Inferred Resources total 27.16 million tonnes grading 1.01 g/t Au for 879,900 ounces [27][28]. Mining and Processing Plan - The mining plan is structured in two phases, starting with open-pit operations at Barani East and transitioning to Gourbassi, utilizing a modular processing plant to minimize initial capital costs [5][20]. - The project is designed for conventional open-pit mining methods, targeting shallow oxide and transitional materials, with no underground mining planned at this stage [34][35]. Next Steps - The company is in advanced discussions with potential partners for funding to commence construction at Barani East and is evaluating various funding options [64]. - Additional geotechnical work and new drill programs are being planned to optimize the pit design and expand existing gold zones [66].

Core Insights - The article discusses the recent preliminary economic assessment (PEA) of the Tonopah Gold Project by Viva Gold Corp, highlighting its strong financial metrics and market positioning amid volatility [4]. Financial Metrics - The PEA indicates a Net Present Value (NPV) of $112 million, an Internal Rate of Return (IRR) of 17.6%, and a payback period of 3.6 years at a gold price of $2,400 per ounce [4]. Processing Strategy - Viva Gold plans to utilize both traditional milling and heap leach processing methods to optimize gold recovery from varying grades of materials [4]. Market Positioning - The stock of Viva Gold is currently trading at a significant discount compared to similar projects, suggesting potential value for investors who can overlook short-term market fluctuations [4].

Core Insights - Red Pine Exploration Inc. has completed its 2024-25 drilling program at the Wawa Gold Project, consisting of 69 drill holes totaling 24,574.5 meters [1][4] - The drilling program achieved its primary goals of expanding the size potential of the Wawa gold deposit and better defining near-surface mineralization [2][4] - Preliminary Economic Assessment (PEA) work has commenced, with expectations to complete it in early H1 2026 [3][5] Drilling Program Details - The drilling program included 25,000 meters planned, with significant results such as 45.38 grams per tonne of gold over 3.13 meters core length [8] - Additional notable assay results include 1.86 g/t Au over 19.09 meters and 14.51 g/t Au over 4.81 meters [8] - A newly discovered gold zone at depth could extend over 940 meters [8] Ongoing Activities - The company is conducting technical and baseline studies to support operational design and permitting, including metallurgical testing and geotechnical work [6] - An environmental and permitting consultant with over 25 years of experience has been engaged to assist in the permitting process [6][8] - The company is fully funded to complete the PEA and commence baseline studies following a successful financing completed on July 9, 2025 [6][8] Quality Assurance Measures - Red Pine implements a QA/QC program that includes inserting external gold standards and blanks every 20 samples [10] - Quarter-core duplicates are routinely taken to evaluate the natural variability of gold mineralization [10] - Approximately 5% of the pulps and coarse rejects analyzed are sent for umpire testing at Agat Laboratories [10] Company Overview - Red Pine Exploration Inc. is a gold exploration company based in Toronto, Ontario, with shares trading on the TSX Venture Exchange and OTCQB Markets [12] - The Wawa Gold Project is located in the Michipicoten Greenstone Belt, an area with significant historical gold mining activity [13]

Core Viewpoint - Scottie Resources Corp. has commenced a drilling program at its Scottie Gold Mine Project to expand and de-risk existing resources, aiming to inform a Preliminary Economic Assessment (PEA) scheduled for October 2025 [1][2]. Group 1: Drilling Program Highlights - The drilling program includes three diamond drill rigs actively working on site, focusing on both the Scottie Gold Mine and the adjacent Blueberry Contact Zone [1]. - The program is designed to address key development milestones identified during winter desktop work, with drilling being a cornerstone to gather essential technical data for mine design [2]. - The company aims to deliver a low-capex PEA on a Direct Shipment Ore scenario, highlighting the untapped value of the Scottie Gold Mine Project [2]. Group 2: Technical Studies - In addition to drilling, Scottie has initiated several technical studies, including Baseline Environmental Studies to support a mine permit amendment process [3][5]. - Geotechnical studies have been launched to assess rock characteristics and pit slope stability, which will inform pit design and underground mining methods for the upcoming PEA [7]. Group 3: Resource Upgrade and Expansion - The drilling program will focus on upgrading resources from inferred to indicated status and expanding the Blueberry Contact Zone, particularly targeting the open pit and upper portions of the underground resource [4]. - Detailed testing will be conducted on the siltstone side of the contact zone, which is expected to add ounces to the current pit shell and underground stope shapes [4]. - Continued drilling will also take place on the Scottie Gold Mine P-Zone and the Wolf Zone target, which was discovered in 2024 [4]. Group 4: Company Overview - Scottie Resources Corp. owns a 100% interest in the Scottie Gold Mine Property, which includes the Blueberry Contact Zone and the past-producing Scottie Gold Mine [8]. - The company also holds interests in other projects, including the Georgia Project and the Cambria Project, totaling approximately 58,500 hectares of mineral claims in the Stewart Mining Camp, part of British Columbia's Golden Triangle [9].

Core Viewpoint - Globex Mining Enterprises Inc. is positively impacted by Radisson Mining Resources Inc.'s announcement of a favorable Preliminary Economic Assessment (PEA) for the O'Brien Gold Project, which includes a 2% Net Smelter Royalty (NSR) benefiting Globex on a portion of the gold production [1][2][3] Group 1: Project Details - The PEA indicates an 11-year mine life with a total of 740 Koz mined and 647 Koz recovered, achieving an average recovery rate of 87% [2] - The project is expected to produce an average of 70 Koz of gold per annum during years 2-8, generating an average annual after-tax Free Cash Flow (FCF) of $97 million [2] - The resource estimate used in the PEA is based on data from 2023, with additional positive drilling results reported by Radisson since that update [2] Group 2: Financial Implications for Globex - The advancement of the O'Brien Gold Project is expected to enhance potential revenue from Globex's Kewagama Royalty, which covers 22% of the scheduled gold production [1][3] - The mineralized gold zones on the Kewagama royalty claims are open for further exploration, potentially increasing the resource base [3] - Globex has reported an Indicated Resource of 243,800 tons grading 14.38 g/t Au and an Inferred Resource of 37,100 tons grading 7.22 g/t Au at its Central Cadillac Gold and Wood Gold Mines [3]