Stormlands Lifts Clarence Stream Valuation 52.8% With New Gold Price Model

Stormlands Mining has released a new model for Galway Metals' (TSXV: GVM) Clarence Stream gold-antimony project in New Brunswick. The study lifted the site's net present value (NPV) to $676.1 million after applying current gold and antimony prices to its May mineral resource estimate.

The Clarence Stream project, located 70 km southwest of Fredericton, comprises over 60,000 hectares with 65 km of strike length along the Sawyer Brook fault system. According to Stormlands' CEO Róisín O'Connell, 'Clarence Stream is interesting because the headline description is gold-antimony, but the valuation tells a much more specific story.' Gold accounts for more than 95% of modeled revenue and almost all of the value uplift when updating commodity prices.

The model used Galway Metals' 2026 mineral resource estimate instead of a formal preliminary economic assessment (PEA), which is currently in progress. Stormlands' data modeling demonstrates Clarence Stream's sensitivity to gold pricing, but it does not replace the engineering, cost work, and risk analysis required for a full PEA.