US EditionWest Red Lake Gold Mines Ltd. (TSXV:WRLG) - Rowan PEA Demonstrates After-Tax NPV5% of C$125M and IRR of 42% - Research Portal
RED LAKE GOLD DISTRICT, NORTHWESTERN ONTARIO, CANADA, JUL 8 – The Preliminary Economic Assessment shows a 42% after-tax internal rate of return and highlights a toll milling operation with initial capital around $70 million, supporting economic viability.
- West Red Lake Gold Mines Ltd. announced positive Preliminary Economic Assessment results for its 100%-owned Rowan Project in Ontario on July 8, 2025.
- The PEA followed extensive exploration including a 2023 drill campaign that delivered the highest-grade intercept of 70.8 g/t gold over 8.3 metres and reflects the recent enactment of Ontario's Bill 5 to expedite permitting.
- The assessment projects an underground mine using longhole retreat methods with an average diluted grade of 8.0 g/t gold and a 5-year mine life averaging 385 tonnes per day.
- Economic results indicate a post-tax net present value of $125.3 million at US$2,500/oz gold, an internal rate of return of 41.9%, and initial capital just over $70 million, with IRR rising to 81.7% at US$3,250/oz.
- A Pre-Feasibility Study for the project is targeted for completion by Q3 2026, coinciding with ongoing permitting activities, with the goal of upgrading inferred resources and leveraging nearby mills that have available capacity.
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Globe Newswire
West Red Lake Gold Announces Positive Preliminary Economic Assessment for the Rowan Project, Including Over 35,000 oz. Average Annual Production and 42% After-Tax IRR
West Red Lake Gold announces a Preliminary Economic Assessment for a toll milling mine at the Rowan Project, with over 35,000 oz. annual production. ...
West Red Lake Gold Announces Positive Preliminary Economic Assessment for the Rowan Project, Including Over 35,000 oz. Average Annual Production and 42% After-Tax IRR - West Red Lake Gold Mines (OTC:WRLGF)
VANCOUVER, British Columbia, July 08, 2025 (GLOBE NEWSWIRE) -- West Red Lake Gold Mines Ltd. ("West Red Lake Gold" or the "Company") (TSXV:WRLG) (OTCQB:WRLGF) is pleased to announce the positive results of a Preliminary Economic Assessment ("PEA") prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") for a toll milling mine operation at its 100%-owned Rowan project in the Red Lake Gol…
West Red Lake Gold Mines Ltd. (TSXV:WRLG) - Rowan PEA Demonstrates After-Tax NPV5% of C$125M and IRR of 42% - Research Portal
West Red Lake Gold (WRLG) announced results of a Preliminary Economic Assessment (PEA) for its 100%-owned Rowan project in the Red Lake Gold District of NW Ontario. The study outlined a 5-year mine life with ~35k oz of annual gold production and a modest initial capex of C$70.4M. At base case prices of US$2,500/oz, Rowan is expected to generate an after-tax NPV5% of C$125M and IRR of 41.9%. We view this PEA positively as it outlined a smaller, un
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