Integra Resources Files Feasibility Study for DeLamar Project
TSXV: ITR; NYSE American: ITRG
Integra Resources Corp. (TSXV: ITR; NYSE American: ITRG) has made an important step forward by filing a comprehensive Feasibility Study Technical Report for its wholly-owned DeLamar Gold and Silver Heap Leach Project. This project is made up of the DeLamar and Florida Mountain deposits situated in a promising area of southwestern Idaho.
Overview of the DeLamar Heap Leach Project
The DeLamar Project includes both the DeLamar and Florida Mountain gold and silver deposits which have a dynamic history spanning several producing years. Since acquiring the project in 2017, Integra has shown remarkable resource growth and conversion. Significant work has been done including a Preliminary Economic Assessment and a Pre-Feasibility Study, culminating in this latest Feasibility Study (FS) released in late 2025.
This recent FS confirms a robust economic evaluation illustrating a low-cost, large-scale conventional open pit oxide heap leach operation. Notably, it reveals competitive operating costs and an attractive return on investment. The study estimates production of approximately 1.1 million ounces of gold equivalent over a mining life of ten years. Additionally, there are plans for two more years of residual leaching, resulting in an annual production average of 106,000 ounces AuEq.
Financial Highlights
According to the feasibility study, the after-tax net present value (NPV5%) of the project stands at about $774 million, stemming from an after-tax internal rate of return (IRR) of 46%, calculated at a base case gold price of $3,000 per ounce and silver at $35 per ounce. Interestingly, should recent market prices be utilized—$4,500 per ounce for gold and $65 for silver—the NPV5% enhances to around $1.9 billion, while the IRR jumps significantly to 97%.
Operational Metrics
The financial metrics derived from the study indicate strong potential for sustainable operations. The all-in sustaining cost (AISC) is estimated at $1,480 per ounce AuEq, positioning the project favorably in terms of profitability.
About Integra Resources Corp.
Integra is recognized as a growing precious metals producer in the Great Basin region of the United States. Its primary focus is on enhancing profitability and achieving operational excellence through developmental activities at the Florida Canyon Mine in Nevada and advancing significant projects like the DeLamar Project.
Integra's commitment lies with creating lasting value for shareholders and local communities while adhering to high standards in terms of environmental, social, and governance practices.
Leadership and Contact Information
George Salamis, President, CEO, and Director, helms Integra's operations. For any inquiries related to the company, professionals can reach out via their corporate contact channels or visit the company's website at www.integraresources.com.
Frequently Asked Questions
What is the significance of the DeLamar Project?
The DeLamar Project is essential for Integra Resources as it represents a significant step toward low-cost gold and silver production, enhancing the company's operational portfolio.
What are the expected output and costs associated with the DeLamar Project?
The feasibility study indicates an annual production average of 106,000 ounces AuEq with an AISC of $1,480 per ounce, showcasing its promising economics.
Who prepared the Feasibility Study Technical Report?
The report was prepared by Forte Dynamics, Inc., emphasizing adherence to the National Instrument 43-101 standards.
Where can stakeholders find more information about Integra?
Stakeholders can access detailed information by visiting Integra's official website or reviewing filings on SEDAR+.
What is Integra's overall goal in mining operations?
Integra aims to create sustainable value through efficient mining operations and strategic development while maintaining high standards for social and environmental responsibilities.
