White Gold Corp. Posts Impressive PEA for White Gold Project

White Gold Corp. has published its preliminary economic assessment (PEA) for the White Gold Project, providing a detailed outline of the project's potential value. The PEA estimates an after-tax net present value (NPV) of C$1.86 billion, with an internal rate of return (IRR) of 41% and a payback period of just 1.5 years at a gold price of $3,600 per ounce.

The PEA assumes a conventional open-pit mining plan with an average annual production of 188,000 ounces over 9.4 years, which could potentially make White Gold Corp. a mid-tier producer if realized.

While the project's value is highly sensitive to gold prices, the PEA suggests that the project could be viable even at lower price points. The company's maiden PEA marks an important step towards developing the project, with further catalysts expected in the form of resource updates, metallurgy studies, drilling, permitting, and a pre-feasibility study.