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2026 new Preliminary Economic Assessment with a new Mineral Resource Estimate will be released next week
It will show significant reduction in Capital Expenditure, significant increase in MRE and significant increase in gold grade feeding to the mill, contributed by the XRT ore sorting technology.
Excerpt from Page 11 of Management Discussion & Analysis of Dec 31, 2025 Annual Report, released on April 6, 2026:
https://spanishmountaingold.com/site/assets/f...4-2025.pdf
"The Company’s current strategy remains focused on optimizing, de-risking and advancing its Spanish Mountain Gold project towards a build decision before the end of 2027. With the completion of the 2025 PEA, the Company will be advancing directly to a Feasibility Study (“FS”). The Company requested proposals for conducting a Feasibility Study in Q4 2025 and recently awarded the lead to BBA Engineering Ltd.
In the Interim, the Company, along with BBA, will be producing a PEA Update in H1 2026 (the first half of 2026) taking into account the potential addition of the Phoenix deposit mineralization, the 2025 Winter and Fall Drill Program results, the benefits of ‘ore’ sorting, and a higher long term gold forecast. The Company expects to drill at least 60,000 m over the next twelve months leading up to the production of the FS in 2027. This drilling will include geotechnical and hydrological drilling and test work necessary for designing the mill and tailing storage facilities."
The results of optimization studies were incorporated with the Whittle Enterprise Optimization that concluded a base case to
advance to a build decision that is sustainable, executable and permittable at a robust scale with significant upside expansion
potential through the addition of preconcentration of mill feed utilizing sorting technologies. The Company used the results of the
Whittle Enterprise Optimization to guide the PEA pits and phases, life of mine plan and schedule as the basis to derisk and
identify targeted upside cases to advance to the next stage of development. Further, titanium in the form of rutile, a Critical
Mineral, has been identified in potentially anomalous amounts. The FS includes scope to assess the potential for saleable gold
and rutile concentrates. Rutile (titanium) has not been included in the 2025 PEA or MRE."
https://investorshangout.com/images/MYImages/...A.V-TA.png
It will show significant reduction in Capital Expenditure, significant increase in MRE and significant increase in gold grade feeding to the mill, contributed by the XRT ore sorting technology.
Excerpt from Page 11 of Management Discussion & Analysis of Dec 31, 2025 Annual Report, released on April 6, 2026:
https://spanishmountaingold.com/site/assets/f...4-2025.pdf
"The Company’s current strategy remains focused on optimizing, de-risking and advancing its Spanish Mountain Gold project towards a build decision before the end of 2027. With the completion of the 2025 PEA, the Company will be advancing directly to a Feasibility Study (“FS”). The Company requested proposals for conducting a Feasibility Study in Q4 2025 and recently awarded the lead to BBA Engineering Ltd.
In the Interim, the Company, along with BBA, will be producing a PEA Update in H1 2026 (the first half of 2026) taking into account the potential addition of the Phoenix deposit mineralization, the 2025 Winter and Fall Drill Program results, the benefits of ‘ore’ sorting, and a higher long term gold forecast. The Company expects to drill at least 60,000 m over the next twelve months leading up to the production of the FS in 2027. This drilling will include geotechnical and hydrological drilling and test work necessary for designing the mill and tailing storage facilities."
The results of optimization studies were incorporated with the Whittle Enterprise Optimization that concluded a base case to
advance to a build decision that is sustainable, executable and permittable at a robust scale with significant upside expansion
potential through the addition of preconcentration of mill feed utilizing sorting technologies. The Company used the results of the
Whittle Enterprise Optimization to guide the PEA pits and phases, life of mine plan and schedule as the basis to derisk and
identify targeted upside cases to advance to the next stage of development. Further, titanium in the form of rutile, a Critical
Mineral, has been identified in potentially anomalous amounts. The FS includes scope to assess the potential for saleable gold
and rutile concentrates. Rutile (titanium) has not been included in the 2025 PEA or MRE."
https://investorshangout.com/images/MYImages/...A.V-TA.png
