GMV Minerals Inc.聽Announces SEDAR Filing of Updated Mexican Hat Preliminary Economic聽Assessment
GMV Minerals (OTCQB:GMVMF) has filed an updated Preliminary Economic Assessment (PEA) for its Mexican Hat Gold Project in Arizona. The Base Case projects a pre-tax IRR of 66.1% and NPV of US$390.2 million using a gold price of $2,500/oz. At current gold prices ($3,350/oz), returns increase to a pre-tax IRR of 106.8% and NPV of US$767 million.
The project features a 10-year mine life with total production of 597,841 ounces, averaging 60,000 ounces annually. Initial capital expenditure is estimated at US$90 million, with an all-in-sustaining cost of $1,545 per ounce. The company plans approximately 7,000 meters of in-fill drilling and various optimization studies to advance the project toward feasibility and permitting.
GMV Minerals (OTCQB:GMVMF) ha pubblicato una versione aggiornata del Preliminary Economic Assessment (PEA) per il progetto aurifero Mexican Hat in Arizona. Nel caso base si stima un IRR pre-tasse del 66,1% e un NPV di US$390,2 milioni considerando un prezzo dell'oro di $2.500/oz. Con l'attuale prezzo dell'oro ($3.350/oz) i rendimenti salgono a un IRR pre-tasse del 106,8% e a un NPV di US$767 milioni.
Il progetto prevede una vita utile della miniera di 10 anni con una produzione totale di 597.841 once, in media 60.000 once all'anno. Il capitale iniziale stimato 猫 di US$90 milioni, con un costo complessivo sostenuto di $1.545 per oncia. La societ脿 prevede circa 7.000 metri di perforazioni di infill e diversi studi di ottimizzazione per avanzare verso fattibilit脿 e permessi.
GMV Minerals (OTCQB:GMVMF) present贸 una versi贸n actualizada del Preliminary Economic Assessment (PEA) para su proyecto aur铆fero Mexican Hat en Arizona. En el caso base se proyecta una TIR antes de impuestos del 66,1% y un VPN de US$390,2 millones usando un precio del oro de $2.500/oz. Con el precio actual del oro ($3.350/oz), los retornos aumentan a una TIR antes de impuestos del 106,8% y un VPN de US$767 millones.
El proyecto contempla una vida 煤til de la mina de 10 a帽os con una producci贸n total de 597.841 onzas, un promedio de 60.000 onzas por a帽o. El gasto de capital inicial se estima en US$90 millones, con un costo total sostenido de $1.545 por onza. La compa帽铆a planea alrededor de 7.000 metros de perforaci贸n de infill y varios estudios de optimizaci贸n para avanzar hacia la factibilidad y los permisos.
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GMV Minerals (OTCQB:GMVMF) a d茅pos茅 une mise 脿 jour du Preliminary Economic Assessment (PEA) pour son projet aurif猫re Mexican Hat en Arizona. Dans le sc茅nario de base, on projette un TRI avant imp么ts de 66,1% et une VAN de 390,2 M$ US en supposant un prix de l'or de 2 500 $/oz. Au prix actuel de l'or (3 350 $/oz), les rendements passent 脿 un TRI avant imp么ts de 106,8% et une VAN de 767 M$ US.
Le projet pr茅sente une dur茅e de vie de la mine de 10 ans avec une production totale de 597 841 onces, soit en moyenne 60 000 onces par an. Les d茅penses en capital initiales sont estim茅es 脿 90 M$ US, avec un co没t all-in-sustaining de 1 545 $/once. La soci茅t茅 pr茅voit environ 7 000 m猫tres de forage d'infill et plusieurs 茅tudes d'optimisation pour faire progresser le projet vers la faisabilit茅 et les autorisations.
GMV Minerals (OTCQB:GMVMF) hat eine aktualisierte Preliminary Economic Assessment (PEA) f眉r das Mexican Hat Gold Project in Arizona eingereicht. Im Basisfall wird bei einem Goldpreis von $2.500/oz eine steuerliche IRR von 66,1% und ein NPV von US$390,2 Mio. prognostiziert. Bei den aktuellen Goldpreisen ($3.350/oz) steigen die Renditen auf eine steuerliche IRR von 106,8% und einen NPV von US$767 Mio..
Das Projekt sieht eine Betriebsdauer von 10 Jahren mit einer Gesamtproduktion von 597.841 Unzen vor, durchschnittlich 60.000 Unzen pro Jahr. Die anf盲nglichen Investitionskosten werden auf US$90 Mio. gesch盲tzt, die All-in-sustaining-Kosten liegen bei $1.545 pro Unze. Das Unternehmen plant rund 7.000 Meter Infill-Bohrungen und verschiedene Optimierungsstudien, um das Projekt in Richtung Machbarkeitsstudie und Genehmigungen voranzubringen.
- None.
- All-in-sustaining cost of $1,545/oz is relatively high
- Project still requires significant additional drilling and studies
- Relies on Inferred Resources which are considered speculative
- Requires various permits and approvals before development can proceed
VANCOUVER, BC / / September 8, 2025 / GMV Minerals Inc. (the "Company" or "GMV") (TSXV:GMV)(OTCQB:GMVMF) is pleased to announce that further to its news release dated August 13th, 2025, the Company has filed on SEDAR+ a Preliminary Economic Assessment (PEA) technical report for the Mexican Hat Gold Project ("Mexican Hat"), located in SE Arizona, USA (the "Report" or Mexican Hat PEA).
The Report was prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). The Report, entitled "Updated NI 43-101 Technical Report Preliminary Economic Assessment, Mexican Hat Project" with an effective date of August 8th, 2025 has been prepared for GMV by Samuel Engineering Inc., with the assistance of DRW Geological Consultants Ltd., RESPEC LLC., BBA Consultants International LP., and Stantec Consulting Services Inc. The Report is available under the Company's profile on SEDAR+ at and will also be available on the Company's website.
GMV's news release dated August 13th, 2025 (entitled "Updated NI 43-101 Technical Report Updated Preliminary Economic Assessment, Mexican Hat Project" ) summarizes key results, assumptions, and estimates contained in the Mexican Hat PEA. The Company is pleased to report there are no material differences between the key results, assumptions, and estimates contained in the Mexican Hat PEA and GMV's news release dated August 13th , 2025.
Highlights:
The Base Case generates a pre-tax Internal Rate of Return ("IRR") of
66.1% (after-tax50.2% ) and a pre-tax net present value ("NPV") at a5% discount rate of US$390.2 million (after-tax US$268.3 million ) with a 1.53 year payback (1.82 year after-tax) of invested capital using a US$2,500 per ounce gold price.
Based on price sensitivity analysis at approximately the current price of US
$3,350 per ounce of gold, the project returns a pre-tax IRR of106.8% (after-tax82.5% ) and a pre-tax NPV at a5% discount rate of US$767 million (after-tax US$538.1 million ) with a payback period of 1.10 years (1.3 years after-tax).
The Base Case mine life is 10 years with total production of 597,841 ounces, averaging approximately 60,000 ounces per year.
Crushed mineralized material will be conveyor stacked at a rate of approximately 10,000 tonnes/day on a conventional heap leach pad.
Capex: US
$89,997,000 (including US$15.4 million contingency).
Opex: US
$788 million LOM with low LOM Strip Ratio of 2.05.
Estimated cash cost of production is US
$1,354 per ounce with an all-in-sustaining cost of$1,545 per ounce inclusive of sustaining capital and additional overhead support.
2025-2026 Forward Looking Plan
The Mexican Hat PEA economics justify continued investment in project development. The forward-looking plan for Mexican Hat includes work required to advance the project through to a feasibility study and into the permitting process.
These tasks include:
Approx. 7000 meters of in-fill drilling to increase confidence in the current geological understanding and Mineral Resource estimation to sufficient level to support Mineral Reserve development
Metallurgical column, hardness, and grinding tests to further optimize and improve heap leach gold recovery, and to provide information for feasibility design work
Performing a trade-off study for self-mining and crushing versus contract mining and crushing
Geotechnical drilling and analysis to optimize pit slope design parameters
Conduct base-line water sampling, and update of hydrologic, cultural, and environmental studies for permitting
Incentive Stock Options
In addition, the Company announces that subject to TSX Venture Exchange approval, it has granted incentive stock options to various directors, officers, and consultants to purchase up to 1,325,000 common shares exercisable at a price of
About GMV Minerals Inc.
GMV Minerals Inc. is a publicly traded exploration company focused on developing precious metal assets in Arizona. GMV, through its
Technical Report and Qualified Persons
The Report entitled Updated Preliminary Economic Assessment, Mexican Hat Project", with an effective date of August 8, 2025 was prepared by the following Qualified Persons (as defined under NI 43-101), all of whom are independent of the Company:
Mr. Brian Olson, Q.P., Samuel Engineering, Inc. (Metallurgical Test Work and Recovery, Process Plant and Process Operating Costs)
Mr. Steven Pozder, P.E., Samuel Engineering, Inc. (Project Economics and Infrastructure)
Dr. Dave Webb, Ph.D., P.Eng., P.Geo., DRW Geological Consultants Ltd. (Mineral Resource Estimate, Mineral Reserve Estimate, Property Description and Location, Accessibility, Climate, Local Resource, Infrastructure and Physiography, History, Geological Setting and Mineralization, Deposit Types, Exploration, Drilling, Sample Preparation, Analysis and Security, Data Verification).
Mr. Thomas L. Dyer, P.E., RESPEC LLC. (Mine Design, Production Schedule, Capital and Operating Costs)
Mr. Francisco J. Barrios, P.E., BBA Consultants International LP (Pad Design and Loading)
Ms. Dawn Garcia, CPG, PG, Stantec Consulting Services Inc. (Environmental)
All Qualified Persons have contributed to their corresponding sections in Interpretation, and Recommendations.
PEA Information and Cautionary Note Regarding Inferred Mineral Resources
The mine plan evaluated in the Mexican Hat PEA is preliminary in nature and includes Inferred Mineral Resources, as defined by NI 43-101 that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be converted to Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Additional drilling and technical studies will need to be completed in order to fully assess its viability. There is no certainty that a production decision will be made to develop the Mexican Hat Project or that the economic results described in the Mexican Hat PEA will be realized. Mine design and mining schedules, metallurgical flow sheets and process plant designs will require additional detailed work and economic analysis and internal studies to ensure satisfactory operational conditions and decisions regarding future targeted production.
Cautionary Note to U.S. Investors
The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this report, such as "Measured," "Indicated," "Inferred," and "Resources," that the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC.
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain "forward-looking information" under applicable Canadian securities legislation. Forward-looking information include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking information may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Forward-looking information contained in this news release include, but are not limited to, statements or information with respect to: the results of the PEA, including the IRR and NPV, life of mine and production, capital and operating expenditures, cost estimates; permitting restrictions, and the mine plan, including infrastructure requirements and future plans; mineral resources; and future gold prices. Since forward-looking information are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties as described in the Company's filings with Canadian securities regulators. Assumptions upon which forward-looking information contained in this news release is based, without limitation, include: results of future exploration; gold prices; accuracy of the results of the PEA, including key assumptions and methods used to determine mineral resources and the results of the PEA; the ability to obtain required permits and approvals; the ability to execute future plans; exchange rates; ability to obtain funding; and changes in regulatory or community environment. Risks, and uncertainties include: results of further exploration; risks related to mineral tenure, permits and approvals; risks related to the execution of future plans; changes in gold price and exchange rates; risks related to obtaining financing; foreign country risks; regulatory risks and liabilities; and those risks and uncertainties as further described in the Company's filings with Canadian securities regulators which can be found on SEDAR+ at www.sedarplus.ca under the Company's profile. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Dr. D.R. Webb, Ph.D., P.Geo., P.Eng. is the Q.P. responsible for this release within the meaning of NI 43-101 and has reviewed the technical content of this release and has approved its content.
ON BEHALF OF THE BOARD OF DIRECTORS
Ian Klassen, President
For further information please contact:
GMV Minerals Inc.
Ian Klassen
Tel: (604) 899-0106
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: GMV Minerals, Inc.
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