Workflow
Preliminary Economic Assessment
icon
Search documents
G2 Goldfields Announces C$49.5 Million Private Placement
Globenewswire· 2025-09-11 21:40
Core Viewpoint - G2 Goldfields Inc. has announced a non-brokered private placement of up to 15,000,000 common shares at a price of C$3.30 per share, aiming to raise up to C$49,500,000 for exploration and development in Guyana [1][2]. Group 1: Offering Details - The Offering is fully subscribed and expected to close in September 2025, pending customary conditions including Toronto Stock Exchange approval [2]. - Insiders are expected to subscribe for 325,000 shares, contributing C$1,072,500 to the gross proceeds [3]. - The Offering qualifies as a "related party transaction" under Multilateral Instrument 61-101, exempting the company from formal valuation and minority shareholder approval due to the participation not exceeding 25% of market capitalization [3]. Group 2: Financial Position and Future Plans - The completion of the Offering strengthens the company's financial position ahead of key milestones in Q4 2025, including an updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) [3]. - The confidence of major shareholders highlights the quality of the company's assets and near-term strategy [3]. Group 3: Company Background - G2 Goldfields focuses on finding and developing gold deposits in Guyana, with a history of discovering over 10 million ounces of gold in the Guiana Shield [4]. - The company announced an Updated Mineral Resource Estimate for the Oko property in March 2025, detailing significant inferred and indicated resources [4][6].
Doubleview Gold Corp Announces Important High-Grade Copper and Gold Intercepts at Hat Polymetallic Deposit in Northwestern British Columbia
Newsfile· 2025-09-11 14:08
Core Insights - Doubleview Gold Corp. announced significant assay results from its 2025 drilling program at the Hat Polymetallic Deposit, indicating substantial high-grade copper and gold mineralization [1][5][10] - The recent drilling has expanded the mineralization footprint beyond the area considered in the maiden Mineral Resource Estimate reported on July 25, 2024 [1][5][10] - The drilling program has confirmed the robust mineralization profile of the Hat Deposit, with evidence of both shallow and deep mineralization horizons [2][10] Drilling Results - A total of 12 drill holes have been completed, totaling 8,506 meters (27,906 feet) as of September 11, 2025, with ongoing work [3][5] - Drill hole H090 reported a long interval of 241.8 meters (793.3 feet) with 0.15% CuEq, including 68 meters of 0.30% CuEq [8][9] - Drill hole H091 showed several intervals with elevated levels of CuEq, including 27 meters at 0.58% CuEq and a notable 5.26% CuEq over 1.2 meters [9][10] - Drill hole H092 demonstrated numerous long intervals of high CuEq, extending the zone of higher-grade mineralization to depth [9][10] Mineral Resource Estimate - The results from the recent drill holes will be incorporated into the next Mineral Resource Estimate, which is currently in progress [5][19] - The Hat Deposit is recognized as a significant source of critical minerals, including copper, gold, cobalt, and potential scandium [27][28] Market Context - The company is observing rising prices for key metals such as copper, gold, silver, and scandium, influenced by global market uncertainties and a renewed focus on strategic metals [20] - The mining industry is experiencing active consolidation, as illustrated by the potential merger of Teck Corporation with Anglo-American [20] Company Overview - Doubleview Gold Corp. is focused on identifying, acquiring, and financing precious and base metal exploration projects across North America, with a strong emphasis on British Columbia [25][26] - The company aims to enhance shareholder value through the acquisition and exploration of high-quality projects in critical minerals [25][26]
Allied Critical Metals Intersects 12 Metres of 4.27% Tungsten (WO3) Incl. 6 Metres of 8.39% Tungsten (WO3) at Its 100% Owned Borralha Tungsten Project in Northern Portugal
Newsfile· 2025-09-04 11:30
Core Insights - Allied Critical Metals Inc. has reported significant drilling results from its Borralha Tungsten Project, with drill hole Bo_RC_14/25 intersecting 12.0 metres at 4.27% WO3, including 6.0 metres at 8.39% WO3, marking one of the highest-grade tungsten intercepts in Western exploration [4][12][24] - The tungsten price has reached a new high of $545 USD/MTU, reflecting a 40% increase over the past four months due to rising demand and supply chain restrictions from non-Western countries [2][4] Company Developments - The ongoing 4,200-metre Reverse Circulation drill program at Borralha is aimed at updating the Mineral Resource Estimate (MRE) and conducting advanced metallurgical testing, with a Preliminary Economic Assessment (PEA) targeted for completion later this year [1][3][24] - As of July 30, 2025, approximately 2,500 metres of drilling have been completed across nine drill holes, with operations resuming on September 1, 2025, after a temporary pause due to seasonal fire safety restrictions [3][28] Technical Progress - The drilling program has confirmed the presence of high-grade tungsten mineralization, with visual observations of wolframite supporting the interpretation of a potentially enriched corridor within the breccia-hosted system [7][12] - The company plans to complete an additional 1,528 metres of drilling in the fourth quarter of 2025 to build on the successes achieved in July [1][27] Strategic Positioning - The Borralha Project is positioned as a critical asset for Western countries' strategic raw material supply, especially as tungsten is designated a Critical and Strategic Raw Material by both the European Union and the United States [24][32] - The project addresses supply vulnerabilities amid rising global demand and constrained Chinese exports, making it a key player in supporting defense readiness and other critical sectors [24][31]
RETRANSMISSION: Amex Exploration Perron Gold Project Delivers Strong Economics in Updated PEA
Newsfile· 2025-09-04 11:00
Core Viewpoint - Amex Exploration Inc. has released an updated Preliminary Economic Assessment (PEA) for its Perron gold project, indicating strong economic viability with significant post-tax returns and a phased production strategy aimed at minimizing risks and costs [3][5][6]. Economic Highlights - The updated PEA assumes a gold price of US$2,500 per ounce and a C$/US$ exchange rate of 1.38:1, projecting a post-tax Internal Rate of Return (IRR) of 70.1% and a post-tax Net Present Value (NPV) of C$1,085 million [5][6][49]. - Cumulative undiscounted post-tax cash flow is estimated at C$1,768 million, with C$1,273 million generated in the first 10 years of production [6][49]. - The project anticipates an average gold production of 112,000 ounces per year over the first decade [6]. Production Strategy - The project will be developed in two phases: Phase 1 involves a 4-year toll milling operation with a low initial capital cost of C$146.1 million, while Phase 2 includes the construction of an on-site processing plant with a capacity of 2,000 tonnes per day [7][10][38]. - Phase 1 is expected to produce an average of 102,000 ounces of gold annually at an All-in Sustaining Cost (AISC) of US$1,165 per ounce [7][12]. - Phase 2 will have a life of mine (LOM) of 17.5 years, with an average annual production of 95,000 ounces and a LOM AISC of US$1,061 per ounce [10][12]. Financial Analysis - The PEA indicates that at a spot gold price of US$3,400 per ounce, the project could achieve a post-tax NPV of C$1,841 million and an IRR of 107.6% with a payback period of 0.4 years [50]. - The total initial capital expenditure (CAPEX) for Phase 1 is estimated at C$146.1 million, netting to C$77.5 million after accounting for pre-production revenues [37][38]. - Growth CAPEX for Phase 2 is projected at C$191.6 million, which includes the costs of building the processing plant and acquiring necessary equipment [38]. Environmental and Social Considerations - The project aims to minimize environmental impact by utilizing mined-out open pits for tailings storage, thus avoiding the need for a traditional tailings management facility [17][36]. - An environmental and social scoping study is underway to identify key risks and issues associated with the project, ensuring compliance with regulatory requirements [58][59]. Stakeholder Engagement - The company has established a relationship of trust with the local Abitibiwinni First Nation and prioritizes stakeholder engagement through regular communication and consultation [60][61]. - Active community participation is emphasized as a core value, with plans to establish working and consultation committees by the end of 2025 [61].
Amex Exploration Perron Gold Project Delivers Strong Economics in Updated PEA
Newsfile· 2025-09-04 07:00
Core Viewpoint - Amex Exploration Inc. has released an updated Preliminary Economic Assessment (PEA) for its Perron gold project, indicating strong economic potential with a post-tax IRR of 70.1% and a post-tax NPV of C$1,085 million at a gold price of US$2,500 per ounce [4][5][48]. Economic Highlights - The updated PEA incorporates the latest Mineral Resource Estimate and a new project development strategy, assuming a gold price of US$2,500/oz and a C$/US$ exchange rate of 1.38:1 [4][48]. - Cumulative undiscounted post-tax cash flow is projected at C$1,768 million, with C$1,273 million expected over the first 10 years of production [5][48]. - Average gold production is estimated at 112,000 ounces per year for the first 10 years, with a life of mine (LOM) total production of 1.66 million ounces [8][44]. Production Strategy - The project will be developed in two phases: Phase 1 involves a 4-year toll milling operation with a capacity of 1,000 tonnes per day (tpd), while Phase 2 will establish a 2,000 tpd on-site processing plant [6][21]. - Initial capital expenditure for Phase 1 is estimated at C$146.1 million, netting to C$77.5 million after accounting for pre-production revenues of C$68.6 million [36][48]. - The staged production strategy aims to minimize shareholder dilution and accelerate time to revenue, targeting production commencement in 2028 [6][7]. Financial Analysis - At a base case gold price of US$2,500/oz, the project generates a post-tax NPV of C$1,085 million and a post-tax IRR of 70.1%, with a payback period of 1.4 years [48][49]. - Sensitivity analysis shows that at a spot price of US$3,400/oz, the post-tax NPV increases to C$1,841 million and the IRR to 107.6%, with a payback period of 0.4 years [49][50]. Operating Costs - The LOM total operating cost is estimated at US$891 per ounce of gold produced, placing the project in the bottom quartile of the global gold cost curve [44][48]. - The average all-in sustaining cost (AISC) is projected at US$1,061 per ounce over the mine's life [44][48]. Infrastructure and Workforce - The project is located approximately 6.5 kilometers from Normétal, Quebec, and will require various infrastructure developments, including a processing plant and water management facilities [27][30]. - During steady-state operations, the workforce is expected to peak at 272 employees during Phase 1 and 335 during Phase 2 [31]. Environmental and Permitting - The project will undergo an environmental impact assessment as required by regulations, with ongoing studies to identify key environmental and social risks [56][57]. - Specific provincial and federal permits will be required for various project components once the environmental assessment is completed [58]. Stakeholder Engagement - The company has established a relationship of trust with the Abitibiwinni First Nation and prioritizes stakeholder engagement and communication throughout the project development [59][60]. Exploration Update - Amex has expanded its land holdings with the acquisition of the Perron West property, enhancing its exploration plans in the Normétal-Burntbush greenstone belt [61][62]. - Ongoing surface exploration work includes soil sampling and geological mapping, with results expected to inform future drilling programs [63].
Fury Announces Results of Preliminary Economic Assessment for the Eau Claire Gold Deposit with a Base Case After-Tax NPV (5%) of $554M and After-Tax IRR of 41%
Globenewswire· 2025-09-02 11:00
Core Viewpoint - Fury Gold Mines Limited announced the results of a preliminary economic assessment (PEA) for the high-grade Eau Claire deposit, indicating strong economic potential and significant undervaluation in the market [1][2][11]. Economic Assessment - The PEA evaluated three scenarios based on a gold price of US$2,400 per ounce, showing exceptional internal rates of return (IRR) and net present values (NPV) [2][39]. - The Base Case scenario has an after-tax NPV5 of C$554 million and an IRR of 41%, while the Hybrid Case shows an NPV5 of C$610 million and an IRR of 53%, and the Toll Milling Case has an NPV5 of C$639 million with an IRR of 84% [7][39]. Production and Resources - The PEA outlines a total production of 834,367 ounces of gold over an 11-year life of mine (LOM), with an average annual production of approximately 75,852 ounces [3][7]. - The combined resource at Eau Claire and Percival is 6.39 million tonnes at 5.64 g/t gold, containing 1.16 million ounces in the Measured and Indicated category and 723,000 ounces in the Inferred category [2][12]. Mining Methodology - The project will utilize a hybrid mining approach, combining underground mining with two small open pits, with underground operations starting with a small bulk sample in year minus 1 [3][16]. - The underground operation is expected to produce 702,000 ounces of gold at an average diluted head grade of 5.22 g/t from 4.40 million tonnes of material [3][7]. Capital and Operating Costs - Initial capital expenditures are estimated between C$117 million and C$217 million, with sustaining capital of C$66 million [12][35]. - The all-in sustaining costs (AISC) are projected at US$1,140 per ounce for the Base Case, US$1,153 per ounce for the Hybrid Case, and US$1,170 per ounce for the Toll Milling Case [7][12]. Infrastructure and Environmental Considerations - The project benefits from strong infrastructure, including access to hydro power and roads, which enhances its attractiveness [2][27]. - The Eau Claire project will undergo a provincial Environmental and Social Impact Assessment (ESIA) as part of its development process [42][43]. Indigenous Relations - The company emphasizes its commitment to building effective relationships with Indigenous communities, with approximately 25% of the project team comprising local Indigenous members [44][45]. Next Steps - Fury plans to advance the Eau Claire deposit through further environmental baseline studies, tailings management, and metallurgical testing [47][53].
Omai Increases Indicated Mineral Resources to 2.1 Moz Au (2.07 g/t Au, 31.9mt) and Inferred Mineral Resources to 4.4 Moz Au (1.95 g/t Au, 69.6Mt) With Expansion of Wenot Deposit
Newsfile· 2025-08-25 15:41
Core Viewpoint - Omai Gold Mines Corp. has significantly increased its Mineral Resource Estimate (MRE) for its Omai Gold Property in Guyana, with notable expansions in both the Indicated and Inferred resources at the Wenot and Gilt Creek deposits, positioning the project as one of the largest gold projects in the region [4][33]. Summary by Category Mineral Resource Estimates - The updated MRE includes Indicated resources of 2,121,000 ounces of gold at an average grade of 2.07 g/t Au, and Inferred resources of 4,382,000 ounces at an average grade of 1.95 g/t Au [3][9]. - The Wenot Deposit's Inferred MRE increased by 130% to 3,717,000 ounces at a grade of 1.82 g/t Au, while the Indicated MRE rose by 16% to 970,000 ounces at a grade of 1.46 g/t Au [3][4]. Deposit Details - The Omai Property hosts two main deposits: the Wenot Deposit, which utilizes both open pit and underground mining methods, and the Gilt Creek Deposit, which is primarily underground [2][4]. - The Gilt Creek Deposit has an Indicated MRE of 1,151,000 ounces averaging 3.22 g/t Au, and an Inferred MRE of 665,000 ounces averaging 3.35 g/t Au [8][17]. Economic and Technical Assumptions - The updated MRE is based on a gold price assumption of $2,500 per ounce, which allowed for a lower cutoff grade of 0.30 g/t Au compared to the previous 0.35 g/t Au [12][24]. - The MRE incorporates extensive drilling data, with 639 diamond drill holes and 12,028 assay results for the Wenot Deposit, and 46 drill holes with 7,056 assay results for the Gilt Creek Deposit [11][21]. Future Plans - The company plans to continue aggressive drilling to further expand the gold zones at both deposits and aims to advance towards a Feasibility Study by late 2026 [5][34]. - An updated Preliminary Economic Assessment (PEA) is expected to be completed in late 2025, incorporating the expanded MRE for both deposits [24][34].
XXIX Announces Fully Funded Drilling and Development Plans for Opemiska and Thierry
Newsfile· 2025-08-25 11:19
Core Viewpoint - XXIX Metal Corp. announces fully funded exploration programs for its Opemiska and Thierry Copper Projects, highlighting significant drilling plans and upcoming economic assessments [1][9]. Drilling Programs - A drill program of up to 15,000 metres is planned at the K1 deposit of the Thierry Copper Project, aimed at expanding the current resource based on a newly developed geological model [2][4]. - The K1 deposit currently has an inferred resource of 53.6 million tonnes with grades of 0.38% copper, 0.10% nickel, and other metals [2][3]. - A 5,000-metre drill program is set for the Cooke Gold Zone at the Opemiska Project, which has not been adequately tested since the mine's closure, with historical production of 1.97 million tonnes at 5.04 g/t gold and 0.66% copper [5][9]. Economic Assessment - A Preliminary Economic Assessment (PEA) for the Opemiska Project is anticipated to be completed in October 2025, marking the first economic evaluation since 1991 [6][8]. - The PEA will focus on maximizing project value by prioritizing high-grade tonnes early in the proposed mine plan [6]. Project Overview - The Opemiska Project spans 21,333 hectares and is noted as one of Canada's highest-grade open-pitable copper deposits, with a reported resource of 62.7 million tonnes at 1.04% CuEq (Indicated) and 78.4 million tonnes at 0.41% CuEq (Inferred) as of June 2025 [9]. - The Thierry Project features significant infrastructure and is accessible via an all-season road, with past production from two open pits [9].
Radisson Files Technical Report for O'Brien Gold Project Preliminary Economic Assessment
Newsfile· 2025-08-21 10:30
Core Viewpoint - Radisson Mining Resources has filed a technical report for the O'Brien Gold Project, highlighting its high value and low capital costs due to the use of neighboring milling facilities [1][2]. Project Overview - The O'Brien Preliminary Economic Assessment (PEA) indicates a project that utilizes existing infrastructure, which reduces capital costs and development risks [2]. - The ongoing drill program aims to delineate new gold mineralization beyond the current Mineral Resource Estimate (MRE) [2]. PEA Highlights - The PEA was conducted by Ausenco Engineering Canada ULC, with contributions from InnovExplo, BBA Inc., and SLR Consulting [3]. - Key financial metrics include an after-tax Net Present Value (NPV) of $532 million, an Internal Rate of Return (IRR) of 48%, and a payback period of 2.0 years at a gold price of US$2,550/oz [7]. - Initial capital costs are estimated at $175 million, with sustaining capital of $173 million over the mine's life [7]. - The project is expected to have an 11-year mine life, producing 740,000 ounces of gold with an average recovery rate of 87% [7]. Financial Metrics - Cash costs are projected at US$861/oz, with an All-In Sustaining Cost (AISC) of US$1,059/oz, which includes a conceptual 30% toll milling margin [7]. - The project is characterized as capital efficient, with an NPV to initial capital cost ratio of 3.0 at the specified gold price [7]. - Average steady-state gold production is estimated at 70,000 ounces per annum, generating an average annual after-tax Free Cash Flow of $97 million during years 2-8 [7]. Company Background - Radisson Mining is focused on the O'Brien Gold Project, which is located in the Bousquet-Cadillac mining camp in Abitibi, Québec [14]. - The indicated mineral resources are estimated at 0.58 million ounces, with additional inferred resources of 0.93 million ounces [14].
West Red Lake Gold Announces Filing of NI 43-101 Preliminary Economic Assessment Technical Report for the Rowan Project
Globenewswire· 2025-08-19 20:48
Core Viewpoint - West Red Lake Gold Mines Ltd. has filed an independent preliminary economic assessment (PEA) technical report for its Rowan project, indicating positive results and supporting previous disclosures made by the company [1][2]. Company Overview - West Red Lake Gold Mines Ltd. is a publicly traded gold development and mining company focused on the Madsen Gold Mine and a 47 km land package in the Red Lake district of Ontario, which has produced over 30 million ounces of gold [5]. - The company also owns the Rowan Property, covering 31 km and including three past-producing gold mines: Rowan, Mount Jamie, and Red Summit [5]. Technical Information - The PEA Technical Report was prepared by Fuse Advisors Inc. in accordance with NI 43-101 standards and confirms the information disclosed in the company's July 8, 2025 news release [2][3]. - The full PEA Technical Report is available on SEDAR+ and the company's website, encouraging readers to review it in its entirety [3]. Qualified Persons - The technical content of the press release has been prepared and approved by qualified persons, Mr. Will Robinson and Mr. Maurice Mostert, ensuring compliance with industry standards [4].