PEA Confirms That Boumandine Project Is Robust & Efficient

MONTREAL – Aya Gold & Silver Inc. reported on the 2025 Boumadine Preliminary Economic Assessment (PEA) for the Boumadine Project located in the Kingdom of Morocco. The PEA was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
“The Boumadine PEA confirms a highly robust, capital-efficient project that is already significantly de-risked given its conventional flowsheet and high-value concentrates,” said Benoit La Salle, President and CEO. “With industry-leading low initial capex of $446 million, a post-tax NPV of $3.0 billion at spot prices and $1.5 billion under our base case prices, both delivering industry-leading returns on invested capital, Boumadine ranks among the most attractive undeveloped precious metal projects globally. Importantly, this PEA includes only the known mineralized zones on the Boumadine mining license, which represents a small portion of our total land package. With Boumadine‘s mining license already in place, we are advancing development while continuing to drill, unlocking the broader district-scale potential.”
The Boumadine property is located in the Province of Errachidia, Kingdom of Morocco, approximately 220 kilometer (km) east of the City of Ouarzazate and 70 km southwest of the City of Errachidia. Boumadine’s land package covers 339 km², with an additional 600 km² under exploration authorization, for a total area encompassing 31 permits and licenses. The Mineral Resource estimate (MRE) underpinning this PEA is derived from an area of 32 km² within a single mining license.