Core Insights - West Red Lake Gold Mines has released a Preliminary Economic Assessment (PEA) for its Rowan project, indicating strong economic potential due to its high-grade, nearly vertical deposit characteristics [1][2][4]. Project Overview - The Rowan project is located 80 kilometers from the Madsen Mine and mill, with plans to utilize toll milling at existing mills in the Red Lake area to process its mineralization [1][2]. - The PEA highlights an average diluted head grade of 8.0 grams per tonne and an average annual gold production of 35,230 ounces over a 5-year mine life [4][5]. Economic Metrics - The post-tax Net Present Value (NPV) of the project is estimated at $239 million at a gold price of US$3,250 per ounce, with an Internal Rate of Return (IRR) of 81.7% [4][11]. - The all-in sustaining cost (AISC) is projected at US$1,408 per ounce, with a life of mine cash cost of US$963 per ounce [5][4]. Development Plans - The company plans to complete a Pre-Feasibility Study (PFS) by Q3 2026, with new legislation in Ontario aimed at expediting the mine approval process [6]. - There are significant opportunities for resource expansion at Rowan, with ongoing drilling campaigns targeting both depth and strike extensions of the mineralization [6][9]. Exploration Potential - Recent drilling has indicated high-grade gold mineralization, with notable intercepts such as 70.8 g/t gold over 8.3 meters, suggesting potential for further resource definition [9][8]. - The company aims to upgrade approximately 37% of the mine plan tonnes currently classified as inferred resources [11]. Operational Context - The Madsen Mill, with a nameplate capacity of 1,089 tonnes per day, is a potential processing site for Rowan's mineralization, which aligns with the company's toll milling strategy [3][2]. - The ramp-up operations at the Madsen Mine have begun, with consistent mining and milling rates reported [21].

Core Insights - Koryx Copper Inc. has made significant progress on its Haib Copper Project in Namibia, focusing on metallurgical testing and infrastructure development, with a Preliminary Economic Assessment (PEA) expected in Q3 2025 [2][3][4] Project Overview - The Haib Copper Project is an advanced-stage copper/molybdenum project aimed at producing clean copper concentrate through conventional methods, with potential for additional copper production via heap leaching [2][4][29] - The current mineral resource estimate stands at 414 million tonnes (Mt) at 0.35% copper, equating to 1,459 million tonnes of contained copper in the Indicated category, and 345 Mt at 0.33% copper for 1,136 million tonnes of contained copper in the Inferred category [29] Metallurgical Testing - The metallurgical test program has shown excellent results, achieving an average flotation recovery of 89% from a grind size of 120-150 micrometers, producing concentrates with a grade of 20-25% copper [8][18] - Historical test parameters have been effectively enhanced, leading to improved copper recovery and cost reduction [6][7] - The program includes ongoing pre-concentration and heap leach testing, with promising initial results [8][16] Infrastructure Development - The project is supported by a comprehensive infrastructure plan, including water and power supply studies indicating a demand of approximately 120 megawatts (MW) for milling and flotation, and 20 million cubic meters (Mm³) of water per annum [8][19] - A mining license application is in progress, and environmental permitting is advancing, with a comprehensive Environmental and Social Impact Assessment (ESIA) being developed [21][26] Technical Studies and Future Plans - Multiple world-class engineering consultants are involved in the PEA, which aims to demonstrate the techno-economic feasibility of Haib as a long-life, low-cost, large-scale open-pit mine [4][5] - The company plans to expedite its drilling program to enhance the mineral resource estimate and capture additional project value through an updated technical study in H1 2026 [5][32] Conclusion - Koryx Copper Inc. is positioning the Haib Copper Project as a future low-risk, high-potential copper production site, with extensive testing and studies underway to support its development [28][29]

Core Viewpoint - U.S. GoldMining Inc. has partnered with Ausenco Engineering Canada ULC to conduct a Preliminary Economic Assessment (PEA) for the Whistler Gold-Copper Project, aiming to evaluate the potential for a standalone open-pit mining operation in Alaska [1][3]. Company Overview - U.S. GoldMining Inc. is focused on the exploration and development of the Whistler Gold-Copper Project, which is 100% owned by the company and located 105 miles (170 kilometers) northwest of Anchorage, Alaska. The project encompasses several gold-copper porphyry deposits and exploration targets across approximately 53,700 acres (217.5 square kilometers) of State of Alaska Mining claims [4]. Project Details - The PEA will assess the Whistler mineral resource estimate, which currently includes 6.48 million ounces (Moz) of gold equivalent (AuEq) in the indicated resource category and 4.16 Moz AuEq in the inferred resource category. The project is expected to benefit from near-surface, higher-grade core material during the initial years of production [6]. - The PEA will utilize an updated mineral resource estimate that incorporates 2024 drilling data, which was not included in the previous estimates. Additionally, metallurgical testing is being conducted by Base Metallurgical Laboratories Ltd. [6]. Consulting Partnership - Ausenco was selected as the principal consulting firm for the PEA after a comprehensive bidding process involving 13 firms. The selection was based on Ausenco's extensive experience and successful track record in conducting similar studies globally [6]. Future Outlook - The company anticipates completing the PEA by the end of the year and plans to provide periodic updates on the study's progress, highlighting the potential for significant value creation for shareholders [3].

Core Viewpoint - Tintina Mines Limited has initiated its 2025 drilling campaign at the Domeyko Sulfuros Project in Chile, focusing on advancing a Preliminary Economic Assessment (PEA) to enhance the project's technical and strategic development [1][2]. Group 1: 2025 Work Plan - The drilling campaign will involve 6,000 meters of drilling aimed at upgrading inferred resources to measured and indicated categories, supported by a prior gap analysis study [2]. - In addition to drilling, the company will conduct geometallurgical studies and metallurgical and geomechanical testing, which are essential for the PEA [3]. Group 2: Project Overview - The Domeyko Sulfuros Project is located in the Atacama Region of northern Chile, covering 10,056 hectares across 75 mining concessions [5]. - The project is strategically positioned 53 kilometers south of Vallenar, with excellent accessibility to infrastructure such as electrical power, water, and logistical support [6]. Group 3: Historical Context - From 1997 to 2015, the Dos Amigos target within the project was mined, yielding approximately 12 million tonnes of ore with copper grades exceeding 0.85% [7]. - The most recent NI 43-101 report indicates an inferred mineral resource of 320 million tonnes with average grades of 0.36% total copper and 0.26 ppm gold [9]. Group 4: Future Expectations - The PEA is anticipated to be completed by the end of 2025, providing a detailed economic analysis of the project [4].

Core Viewpoint - TRX Gold Corporation announced positive results from a Preliminary Economic Assessment (PEA) for the expansion of its Buckreef Gold Project in Tanzania, indicating significant potential for increased gold production and favorable economics under various gold price scenarios [2][3][68]. Project Overview - The PEA evaluates an expansion of the existing process plant to 3,000 tonnes per day and a transition from open pit to underground mining over the next 2-3 years [2][3]. - The project is expected to produce an average of 62,000 ounces of gold per year over a mine life of 17.6 years, with potential peak production exceeding 80,000 ounces annually during the first five years of underground operations [5][19]. Economic Metrics - The base case pre-tax NPV5% is estimated at US$701 million at an average gold price of US$2,296 per ounce, increasing to US$1.2 billion at a gold price of US$3,000 per ounce [5][6][68]. - Life of Mine (LOM) cash costs are projected to average US$1,024 per ounce, with all-in sustaining costs (AISC) averaging US$1,206 per ounce [5][26][68]. Capital Expenditures - Growth capital expenditures are estimated at US$89 million over the next four years, primarily for underground expansion and process improvements [5][22][68]. - Total LOM growth capital is projected at US$175 million, with sustaining capital costs estimated at US$184 million [22][25]. Mineral Resource Estimates - The project hosts a Measured and Indicated Mineral Resource of 10.8 million tonnes at 2.57 grams per tonne, containing 893,000 ounces of gold, and an Inferred Mineral Resource of 9.1 million tonnes at 2.47 grams per tonne, containing 726,000 ounces of gold [5][68][31]. Production and Processing - The PEA indicates a total process plant throughput of 18.1 million tonnes, with an average recovery rate of 87% [5][9][48]. - The existing infrastructure supports the planned expansion, allowing for a smooth transition to increased production levels [5][54]. Future Plans - The company plans to further evaluate opportunities for additional process plant capacity and increased mining rates to enhance project economics [3][6]. - TRX Gold is committed to maintaining high environmental, social, and corporate governance standards as it advances the Buckreef Gold Project [69].