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Analyst Note: Positive PEA Delivered - Rua Gold's Auld Creek Enters PFS Workstream Under New Zealand Fast-Track Approvals
After-Tax NPV5% of US$42M and 17% IRR at base case; US$113M and 36% IRR at spot gold. PEA effecti...
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[{"type":"text","content":"Analyst Note: Positive PEA Delivered — Rua Gold's Auld Creek Enters PFS Workstream Under New Zealand Fast-Track ApprovalsIssued on behalf of Rua Gold Inc.\nAfter-Tax NPV5% of US$42M and 17% IRR at base case; US$113M and 36% IRR at spot gold. PEA effective April 25, 2026. PFS targeted Q4 2026. CEO signals the project is well-positioned to leverage New Zealand's Fast-Track Approvals permitting process. VANCOUVER, British Columbia, May 06, 2026 (GLOBE NEWSWIRE) -- CanadaNewsGroup.com News Commentary — Rua Gold Inc. (TSX: RUA) (NZX: RGI) (OTC: NZAUF) (FSE: X9R) (\"RUA GOLD\" or the \"Company\") has released the results of a positive Preliminary Economic Assessment (\"PEA\") for its 100%-owned Auld Creek Gold-Antimony Project, located in the Reefton Goldfield on New Zealand's South Island. The PEA was prepared in accordance with the disclosure standards of National Instrument 43-101 and is effective April 25, 2026.[1] INVESTMENT HIGHLIGHTS PEA economics: positive at base case, leveraged to spot. After-Tax NPV5% of US$42 million and after-tax IRR of 17% at long-term gold of US$3,300/oz and antimony of US$27,000/t. At spot gold of US$4,700/oz, after-tax NPV5% increases to US$113 million and IRR to 36%, with payback compressing from 3.3 years to 2.2 years.[1] Capital intensity: efficient and contingency-loaded. Initial capital expenditures of US$132.6 million, inclusive of a US$29.8 million contingency representing approximately 29% of direct capital costs. Sustaining capital is estimated at US$63.9 million over the LOM.[1] Operating cost profile. Total cash costs of US$1,400 per ounce gold and All-In Sustaining Costs of US$1,850 per ounce gold, placing the project comfortably inside the global gold cost curve at any reasonable price deck.[1] Production profile. Average annual production of approximately 26,665 ounces gold-equivalent over an initial 5.5-year mine life, for total LOM gold-equivalent production of approximately 146,660 ounces. Contained metals total 84,000 ounces gold and 9,000 tonnes antimony.[1] Process flowsheet: simple, no cyanide. 250,000 tpa nominal throughput. Conventional grind-and-flotation circuit producing two saleable concentrates: gold and antimony. Recoveries of 95% gold and 85% antimony based on metallurgical test work. The dual-concentrate model lowers extraction technical risk and avoids cya...