Vancouver, British Columbia–(Newsfile Corp. – September 5, 2024) – Thesis Gold Inc. (TSXV: TAU) (FSE: A3EP87) (OTCQX: THSGF) is pleased to announce positive results from the updated independent Preliminary Economic Assessment (“PEA”) for its 100% owned Lawyers-Ranch Project (the “Project”) in the prolific Toodoggone Mining District of northern British Columbia. The updated PEA outlines a plan for developing the combined Lawyers-Ranch project using both open-pit and underground mining methods, with mineralized material processed at a single facility, achieving an estimated average gold recovery of 93%. The PEA was prepared by JDS Energy & Mining Inc. (“JDS”) of Vancouver, British Columbia, Canada in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). The updated NI 43-101 PEA Technical Report will be filed on SEDAR+ at www.sedarplus.ca and Thesis Gold’s website www.thesisgold.com within 45 days of this announcement.

Highlights

Strong Economics: Pre-tax internal rate of return (“IRR”) of 46.0%, pre-tax net present value at a 5% discount rate (“NPV5%”) of C$1.99 billion, after-tax IRR stands at 35.2%, and an after-tax NPV5% of C$1.28 billion, using US$1,930 per ounce of gold and US$24 per ounce of silver (see Table 1).
Gold Price Sensitivity: The project remains robust at a wide range of gold prices from US$1,750 to US$2,500 with after-tax IRR of 28.8% to 52.8% (see Table 2).
Increased Production: The 2024 PEA saw a considerable increase in production versus the previous (2022) PEA with a 32% increase in annual average production to 215,000 gold-equivalent (“AuEq”*) ounces, including an average 273,000 gold-equivalent ounces annually over the first three years, and a 55% increase in Life-of-mine (“LOM”) production to 3.0 milliongold-equivalent ounces, extending mine life to over 14 years.

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https://thesisgold.com/2024/09/05/thesis-gold-updated-pea-for-lawyers-ranch-project-after-tax-npv5-of-c1-28-billion-irr-of-35-2-and-2-0-year-payback/