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Rua Gold Announces Positive PEA for the Auld Creek Gold-Antimony Project in Reefton, New Zealand
Vancouver, British Columbia--(Newsfile Corp. - May 5, 2026) - Rua Gold Inc. (TSX: RUA) (NZX: RGI) (OTCQX: NZAUF) (FSE: X9R) ("RUA GOLD" or the "Company") is
About this update from Rua Gold Inc
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - May 5, 2026) - Rua Gold Inc. (TSX: RUA) (NZX: RGI) (OTCQX: NZAUF) (FSE: X9R) (\"RUA GOLD\" or the \"Company\") is pleased to announce the results of a Preliminary Economic Assessment (\"PEA\") for its 100%-owned Auld Creek Gold-Antimony Project in the Reefton Goldfield, New Zealand. The PEA highlights the potential for robust economics from a high-grade, shallow underground starter mine, supported by access to established infrastructure. Key Highlights Economics After-Tax NPV5% of US$42 million at US$3,300/oz gold and US$27,000/t antimony After-Tax IRR of 17% with payback achieved in 3.3 years Upside case at US$4,700/oz gold increases After-Tax NPV5% to US$113 million After-Tax IRR of 36% with payback achieved in 2.2 years Initial capital expenditures of US$133 million Cash costs of US$1,400/oz gold and All-In Sustaining Costs (“AISC”) of US$1,850/oz1 Project Overview Near-surface, high-grade gold-antimony mineralization extends to ~200m depth, open at depth Average annual production of ~27koz AuEq2 over 5.5 years. Life-of-mine (“LOM”) production of ~147koz AuEq Simple grind and floatation circuit producing produce gold and antimony concentrates Located adjacent to established Reefton infrastructure for efficient transporting to port Ongoing drilling confirms continuity and expansion potential Results from further drilling to be incorporated into a Prefeasibility Study (“PFS”) targeted for completion in Q4 2026 Pathway to Production Fast-Track Referral Application submitted to New Zealand Government Permitting activities progressing to support the Fast-Track submission and targeted completion of the PFS in Q4 2026 Targeting the project to be fully permitted in Q2 2027 Robert Eckford, CEO commented: \"The Auld Creek PEA highlights the strong cash flow generation, compelling economics, and scalability potential within the Reefton Goldfield. This study represents only a portion of the broader district opportunity, with significant upside remaining at depth and along strike. With drilling underway and permitting advancing, we are well positioned to deliver a PFS in Q4 2026 and take advantage of New Zealand's Fast-Track Approvals permitting process.\" The PEA was prepa...