Scottie Resources Unveils PEA for Scottie Gold Mine Project

Scottie Resources Corp. has officially filed its Preliminary Economic Assessment (PEA) for the Scottie Gold Mine project in British Columbia. This announcement, made on December 8, 2025, follows the report’s completion by Tetra Tech Canada, Inc. The assessment provides a detailed economic analysis of the project and is crucial for understanding its potential viability.

The PEA, titled “Preliminary Economic Assessment for the Scottie Gold Mine Project,” was prepared in accordance with National Instrument 43-101, a standard for disclosing mineral project information. The effective date of the PEA is October 28, 2025, and it includes a base case that assumes a gold price of US$2,600 per troy ounce and an exchange rate of 0.72 CAD to 1.00 USD.

Key Findings of the PEA

The assessment highlights a robust Direct-Ship Ore (DSO) development scenario that presents favorable economic conditions. Under the base case assumptions, the after-tax Net Present Value (NPV) at a 5% discount rate is estimated at $215.8 million CAD when gold is priced at US$2,600 per ounce. This figure rises significantly to $668.3 million CAD if the gold price increases to US$4,200 per ounce.

Additionally, the optional toll-milling scenario, which could utilize excess mill capacity at the nearby Premier mine, may further enhance project value. In this scenario, the after-tax NPV could increase to $380.1 million CAD at US$2,600 per ounce and $831.7 million CAD at US$4,200 per ounce.

The project requires an initial capital investment of $128.6 million CAD, with an average annual production projected at approximately 65,400 ounces of gold over a seven-year mine life. The after-tax payback period is estimated at 1.7 years for the standalone DSO case and 0.9 years under the toll-milling scenario, both at a gold price of US$2,600 per ounce.

It is important to note that the PEA is preliminary and includes the use of inferred mineral resources, which are considered too speculative for economic categorization as mineral reserves. Therefore, there is no certainty that the projected outcomes will be realized.

Expert Review and Company Overview

The PEA was prepared by qualified professionals from Tetra Tech, including Hassan Ghaffari, Jianhui (John) Huang, and Damian Gregory, along with Sue Bird from Moose Mountain Technical Services. Dr. Thomas Mumford, President of Scottie Resources and a non-independent qualified person under the NI 43-101, reviewed and approved the technical aspects of the report.

Scottie Resources holds a 100% interest in the Scottie Gold Mine Property, which encompasses the historical Scottie Gold Mine and the adjacent Blueberry Contact Zone. The company also owns the Georgia Project, which includes the past-producing Georgia River Mine, along with other properties, totaling approximately 58,500 hectares of mineral claims within British Columbia’s Golden Triangle—a region noted for its rich mineralization.

Currently, Scottie Resources estimates a resource of 703,000 gold ounces at an average grade of 6.1 g/t in the inferred category. The company’s strategy involves expanding this resource and identifying additional mineralization through ongoing drilling and exploration efforts.

In addition, the firm is actively pursuing a potential DSO scenario at the Scottie Gold Mine. With the necessary permits secured, a 10,000-tonne bulk sample is underway. This initiative aims to collect vital geotechnical and metallurgical data, providing insights into a low-capital expenditure path to potential near-term revenue via toll milling or third-party processing.

The DSO concept remains exploratory and does not indicate a definitive production decision, showcasing the flexibility within Scottie Resources’ portfolio.

For further information, interested parties can contact Brad Rourke, Chief Executive Officer, via +1 250 877 9902 or [email protected].

Neither the TSX Venture Exchange nor its Regulation Services Provider assumes responsibility for the accuracy of this release.

This announcement contains forward-looking statements regarding the project’s economics and future activities. These statements are based on assumptions that may prove incorrect, and actual results may differ significantly due to various risk factors, including fluctuations in commodity prices and operational challenges.