Kandiole Gold Project Positive PEA

TORONTO – Roscan Gold Corporation reported on the positive Preliminary Economic Assessment (PEA) for the Kandiolé Gold Project in Mali.
Nana Sangmuah, President & CEO, said, “The PEA highlights a robust US$1.29 B NPV5% and 85% IRR under prevailing gold prices, reaffirming our confidence in the Kandiolé project’s potential. We have a high degree of confidence in this study, which is based on straightforward parameters including a conventional contract-mined open-pit operation feeding a centralized CIL plant, with almost all the ore processed sourced from indicated resources. Importantly, most of the planned mill feed comes from only three of the six deposits included in the resource estimate, highlighting meaningful upside through additional drilling.
While we see significant potential for further value enhancement, we believe the current scope limits initial capital requirements and represents an opportunity to finance and fast-track the project to production, taking advantage of the robust prevailing gold price and positive capital markets sentiment. This approach should allow us to optimally unlock value from the project and minimize shareholder dilution, while using internal cash flow to pursue opportunities to expand production and extend mine life.
This PEA marks the first of several key milestones expected this year as we transition toward becoming a developer. Our mining permit application is in the final stages of review, and we anticipate approval in the near term. We have also initiated project financing discussions aimed at securing funding shortly after permits are granted. Environmental baseline work and engineering studies are already underway to support rapid advancement of the project.”