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Minnova Corp. Engages A&B Global Mining to Advance PL Gold Mine Restart with Updated Feasibility Study and Project Execution Support
Toronto, Ontario--(Newsfile Corp. - August 21, 2025) - Minnova Corp. (TSXV: MCI) (OTC Pink: AGRD...
About this update from Minnova Corp.
[{"type":"text","content":"Minnova Corp. Engages A&B Global Mining to Advance PL Gold Mine Restart with Updated Feasibility Study and Project Execution SupportToronto, Ontario--(Newsfile Corp. - August 21, 2025) - Minnova Corp. (TSXV: MCI) (OTC Pink: AGRDF) (\"Minnova\" or the \"Company\") is pleased to announce the engagement of A&B Global Mining Pty. (Ltd.) (\"ABGM\"), a leading international mining consulting firm based in South Africa, to provide comprehensive technical and engineering services for its 100% owned PL Gold Mine in Manitoba, Canada. This strategic engagement is a critical step in advancing the PL Mine restart plan, culminating in a new, updated NI 43-101 Feasibility Study and Mineral Resource Estimate scheduled for completion in 2026.The partnership with ABGM marks a pivotal milestone in Minnova's strategy to de-risk the PL Gold Mine, enhance its value, and capitalize on the robust gold market. ABGM will lead a structured, two-stage technical program to optimize the mine plan, strengthen the foundation for future development and financing, and maximize the project's overall value.Gorden Glenn, President and CEO of Minnova, commented, \"We are pleased to partner with A&B Global Mining, a firm with a world-class reputation for delivering excellence in mine engineering and project evaluation including execution support. This collaboration is pivotal for Minnova. It puts the PL Gold Mine on a clear, defined path to development. By systematically advancing the project through an updated mineral resource estimate and a new feasibility study, we are laying the groundwork to build a profitable and sustainable gold mining operation in Manitoba.\"PL Gold Mine: Poised for AdvancementThe PL Gold Mine is an advanced-stage development project with significant existing infrastructure, including a 1,000 tonnes-per-day (tpd) processing plant, over 7,000 meters of underground ramp development, and a valid underground mining permit.Planning for technical programs at the PL Gold Mine continues to advance with a focus on a revised mine development plan based on the full 1,000 tpd mill capacity, which prioritizes lower-cost open pit mining methods in the initial years of operation. In addition to surface exploration and infill drilling, the Company believes updated metallurgical test work to include ore sorting and gravity recovery studies could have ...