FAST - 41 Transparency Projects Program
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INTEGRA ANNOUNCES SELECTION OF THE DELAMAR HEAP LEACH PROJECT FOR THE FAST-41 PERMITTING TRANSPARENCY PROGRAM
Prnewswire· 2026-01-14 11:30
Core Viewpoint - Integra Resources Corp. announced that its DeLamar Heap Leach Project has been selected for inclusion in the U.S. Federal Permitting Improvement Steering Council's FAST-41 Transparency Projects Program, marking a significant milestone in the project's advancement [1][3]. Project Overview - The DeLamar Project, located in southwestern Idaho, includes the DeLamar and Florida Mountain gold and silver deposits and has shown significant resource growth since its acquisition in 2017 [5]. - The project is expected to produce a total of 1.1 million ounces of gold equivalent over a 10-year mine life, with an average annual production of 106,000 ounces at an All-in Sustaining Cost of $1,480 per ounce [7]. Economic Assessment - The 2025 Feasibility Study indicates a robust economic outlook, with an after-tax Net Present Value (NPV5%) of $774 million and an Internal Rate of Return (IRR) of 46% based on base case prices of $3,000 per ounce for gold and $35 per ounce for silver [7]. - If recent prices of $4,250 per ounce for gold and $60 per ounce for silver are considered, the after-tax NPV5% increases to $1.7 billion and the IRR to 89% [7]. Permitting Process - The FAST-41 Transparency Projects Program aims to enhance visibility and predictability in the federal permitting process, with a dedicated project advisor assigned to monitor progress [6]. - The anticipated timeline for the permitting process includes a Record of Decision (ROD) expected in Q3 2027, following a 15-month National Environmental Policy Act (NEPA) review [6]. Company Strategy - Integra is focused on building a high-quality portfolio of heap-leach operations in the Great Basin, with DeLamar positioned as a cornerstone asset in this strategy [3][9]. - The company emphasizes sustainable value creation through operational excellence, disciplined capital allocation, and adherence to high environmental, social, and governance standards [9].