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West Red Lake Gold's Rowan PEA Projects Average Annual Production of 35,000 ounces at 8 grams per tonne, AISC of US$1,408
(TheNewswire) Vancouver, BC – TheNewswire - July 10, 2025 – Global Stocks N...
About this update from West Red Lake Gold Mines Ltd
[{"type":"text","content":"West Red Lake Gold's Rowan PEA Projects Average Annual Production of 35,000 ounces at 8 grams per tonne, AISC of US$1,408\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, BC –\n \n TheNewswire -\n \n July 10, 2025\n– Global Stocks News - Sponsored content disseminated on behalf of\nWest Red Lake Gold. On July 8, 2025, West Red Lake Gold Mines (TSXV:\nWRLG) (OTCQB: WRLGF) published\n \n the results of a Preliminary Economic Assessment (PEA)\nat its 100%-owned Rowan project\n \n in the Red Lake Gold District of\nnorthwestern Ontario, Canada.\n \n\n\n The Rowan Project is 80 kilometers by road from the\noperating Madsen Mine and mill.\n \n\n\n “Rowan is a high-grade, relatively wide, nearly vertical deposit\nthat starts at surface, and this PEA captures how such\ndesigned-for-mining characteristics lead to strong economics,”\nconfirmed Shane Williams, WRLG President and CEO, in the July 8, 2025\npress release.\n \n\n\n Rowan Select PEA Highlights:\n \n\n\n\n\n\n High-Grade Efficient Mine\n \n :\nAverage diluted head grade of 8.0 grams per tonne.\n \n\n\n\n\n Notable Production\n \n : 35,230 oz.\naverage annual gold production over the 5-year mine life from an\naverage mining rate of 385 tonnes per day.\n \n\n\n\n\n Strong Value:\n \n Post-tax NPV\nrises to $239M at US$3,250 per oz gold.\n \n\n\n\n\n Low Costs:\n \n US$1,408/oz all-in\nsustaining cost (AISC).\n \n\n\n\n\n Strong Returns\n \n : IRR of 81.7%\nat a US$3,250/oz gold price.\n \n\n\n\n\n High Confidence Inventory:\n \n PEA\nmine design includes 63% of mined tonnes and 72% of mined ounces from\nthe Indicated category.\n \n\n\n\n\n Simple Metallurgy\n \n : Free\ngold-dominant mineralization resulting in 75.8% to 94.9% gold recovery\nthrough gravity processing.\n \n\n\n\n\n Modest Initial Capital\n \n :\nOpportunity to develop Rowan as a toll milling operation with initial\ncapital of just over $70 million.\n \n\n\n\n Multiple mills in the Red Lake area have excess capacity and are\ndesigned to process mineralization of similar nature to the deposit at\nRowan. West Red Lake Gold is planning Rowan as a mine that sends its\nmaterial to another mill for processing. The toll milling plan\neliminates the need for a mill and an on-site tailings facility at\nRowan.\n \n\n Madsen is one mill in t...