Commencement Of Detailed Engineering For Stibnite Gold Project

BOISE, ID - Perpetua Resources Corp. reported the successful completion of basic engineering for the Stibnite Gold Project along with the release of the 2024 Financial Update, the Company has approved commencement of detailed engineering studies and signed a procurement contract for powerline materials.

"The Stibnite Gold Project is among an elite class of gold projects, with industry leading costs, a world-class reserve of 4.8 million gold ounces and annual production profile of approximately 300,000 ounces over a 15-year life," said Jon Cherry, President & CEO. "With the Final Record of Decision published and basic engineering complete, Perpetua looks forward to finalizing our few remaining ancillary permits, and securing financing to start construction in 2025 to become a reliable source of the critical mineral antimony for defense needs."