Grande Portage Releases Positive PEA Results for New Amalga Gold Project

Grande Portage Resources Ltd. has unveiled promising findings from its Preliminary Economic Assessment (PEA) for the New Amalga Gold Project located near Juneau, Alaska. The study, compliant with the NI 43-101 standards, cites robust financial metrics and efficient resource utilization strategies.

The project, based on a base case gold price of $3,200/oz, yields a pre-tax IRR of 69% and a pre-tax NPV of $979 million at a 5% discount rate. After-tax figures show an IRR of 56% and an NPV of $721 million. With an efficient production plan centered on offsite processing, the project predicts a 7-year production life with 1.05 million gold ounces shipped.

Notably, the initial capital expenditure is estimated at US$254.8 million, with operating costs averaging US$272 per production tonne mined. Grande Portage's approach, featuring offsite processing and existing infrastructure utilization, highlights a sustainable and economically viable future for the New Amalga project.