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Positive Gold-Antimony PEA Drops Inside A Fast-Track Permitting Regime With Drilling Underway
Issued on behalf of Rua Gold Inc. After-tax NPV5% of US$42M at base case and US$113M at spot ...
About this update from Perpetua Resources Corp.
[{"type":"text","content":"Positive Gold-Antimony PEA Drops Inside A Fast-Track Permitting Regime With Drilling Underway\nIssued on behalf of Rua Gold Inc. After-tax NPV5% of US$42M at base case and US$113M at spot gold, 95% gold and 85% antimony recovery, no-cyanide flowsheet, 19,000 metres of drilling underway, and a New Zealand Fast-Track permitting application filed — all on a 100%-owned Reefton Goldfield asset inside one of the most-watched gold and critical-minerals jurisdictions of 2026 VANCOUVER, British Columbia, May 19, 2026 (GLOBE NEWSWIRE) -- World Street Intelligence News Commentary — The supply side for both gold and antimony is breaking in slow motion. Major gold producers are guiding 2026 output lower because reserves are draining faster than discoveries can replace them. Gold has spent 2026 setting record highs amid sustained central bank purchasing and forecasts pushing toward US$5,000 per ounce by Q4 2026.[1] Antimony is even tighter: China still controls the majority of global supply; antimony was designated a U.S. Critical Mineral following China's late-2024 export restrictions; and the West is racing to stand up domestic and allied production.[1] The premium now goes to companies that are already permitted, already funded, and already turning the drill bits. Rua Gold Inc. (TSX: RUA) (NZX: RGI) (OTCQX: NZAUF) (FSE: X9R) is the textbook version of that profile. On May 5, 2026, the Company released the results of a positive Preliminary Economic Assessment for the 100%-owned Auld Creek Gold-Antimony Project, located in the historic Reefton Goldfield on New Zealand's South Island.[1] The PEA — effective April 25, 2026 — was prepared in accordance with the disclosure standards of National Instrument 43-101.[2] Two weeks earlier, on April 20, 2026, the Company had submitted its Fast-Track Referral application for the same project under New Zealand's one-stop-shop Fast-Track Approvals regime, marking a key milestone in the Company's transition from explorer to mine developer.[3] The PEA: Positive Base Case, Leveraged Spot, And A 5.5-Year Mine Plan The Auld Creek PEA reports an after-tax NPV5% of US$42 million and an after-tax IRR of 17% at a long-term gold price of US$3,300 per ounce and antimony price of US$27,000 per tonne, with a 3.3-year payback.[2] Using a spot gold price assumption of US$4,700 per ounce, the...