GoldMining Advances Whistler Project with Robust Economic Study

GoldMining Inc.'s Whistler PEA outlines a major gold-copper project in Alaska with a $2.0B after-tax NPV, 33% IRR, and a 2.1-year payback on a $1.3B initial capex.

GoldMining Inc. has moved a significant step forward in developing its Alaskan Whistler gold-copper asset by completing a key formal technical submission. The newly filed preliminary economic assessment (PEA) provides a concrete, data-driven look at the project's potential viability, outlining what appears to be a highly lucrative large-scale mining operation poised to shape the company's future.

Substantial Economics Unveiled

The economic evaluation, prepared by subsidiary U.S. GoldMining Inc. to international reporting standards, models the 100%-owned project using price assumptions of $3,200 per ounce of gold and $4.50 per pound of copper. Based on these parameters, the Whistler project demonstrates compelling financial metrics:

• After-tax net present value (NPV): $2.0 billion
• Internal rate of return (IRR): 33%
• Payback period: 2.1 years
• Initial capital expenditure: $1.3 billion

The operational targets outlined in the study are equally notable. During the first three years of production, the mine is projected to yield 345,000 ounces of gold equivalent annually. Over the envisioned 15-year mine life, average annual output is expected to be approximately 246,000 ounces. It is important to note that the current PEA only incorporates a portion of the known mineral resource at the site.