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Western Exploration Announces Positive Preliminary Economic Assessment for the Doby George Resource at the Aura Project
Reno, Nevada--(Newsfile Corp. - May 8, 2025) - Western Exploration Inc. (TSXV: WEX) (OTCQX: WEXPF...
About this update from Western Exploration Inc
[{"type":"text","content":"Western Exploration Announces Positive Preliminary Economic Assessment for the Doby George Resource at the Aura ProjectReno, Nevada--(Newsfile Corp. - May 8, 2025) - Western Exploration Inc. (TSXV: WEX) (OTCQX: WEXPF) (the \"Company\" or \"Western Exploration\") is pleased to announce results from a positive Preliminary Economic Assessment (\"PEA\") on its flagship Doby George resource at the Aura gold project located in Nevada's prolific Elko county (\"Doby George\" or, the \"Project\"). PEA Highlights: Base Case After-tax NPV of US$70.7M and an IRR of 25.4% using a gold price of US$2,150 increasing to US$211.2 M with a 62.2% IRR utilizing a US$3,000/oz gold price (see upside metal price to base case metal price comparison in Table 1)Total Life-of-Mine (\"LOM\") after-tax net cash flow of US$271.2M over a five-year project life using US$3,000 gold priceAverage annual operating cash flow of $112.1M and a less than 18-month payback period using US$3,000 gold priceLOM all-in Sustaining cost of US$1,197 per ounce at US$3,000 gold price and US$1,152 per ounce at the base case of gold price being US$2,150LOM average grade of 1.01 g/t Au creating potential for significant profit marginsEstimated pre-production capital costs of US$115.2M excluding upfront Working Capital of US$12.4M which is credited back to the operation on year five Watch the CEO news summary HERETo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/7771/251211_8433398ea4079874_000full.jpgDarcy Marud, President and CEO of Western Exploration, commented: \"In 2022, Western Exploration outlined a plan to take the Doby George project to a PFS study. With the completion of the PEA we have achieved another milestone towards that goal. The PEA demonstrates Doby George to be a low-capex, potentially profitable development project with a rapid payback, all using conservative gold price expectations.\" Mr. Marud added \"The focus of the current PEA was to demonstrate the viability of Doby George, while outlining a project scope that maximizes the return on investment for our stakeholders. We focused on maximizing value by preserving grade, bringing ounces forward, minimizing capital outlay and identifying future opportunities to further enhance the project. Those opportunities include an exploration plan looking to expand the res...