# A Positive Gold-Antimony PEA Just Landed in a Fast-Track Jurisdiction, with 19,000 Metres of Drilling Already Underway Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/a-positive-gold-antimony-pea-just-landed-in-a-fast-track-jurisdiction-with-19-00--c84dd9ea-abcb-48dc-82d6-c7daa9efd436 Original source: https://money.tmx.com/en/quote/GOLD/news/6070679097274034/a-positive-gold-antimony-pea-just-landed-in-a-fast-track-jurisdiction-with-19-00 Publisher: tmx Original announcement: 2026-05-06T13:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Rua Gold Inc. - Ticker: RUA - Exchange: TSX - Region: New Zealand - Primary commodity: Gold - Secondary commodities: Antimony - Document categories: Resource update, Metallurgy - Extracted: 2026-09-16 02:54:55 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Rua Gold Inc. has released a positive Preliminary Economic Assessment \(PEA\) for its 100%-owned Auld Creek Gold-Antimony Project in New Zealand. The study reports an after-tax NPV5% of US$42 million and an IRR of 17%, with an active 19,000-metre drill program currently underway to convert resources and extend the deposit. Reasoning: The release announces a positive PEA for the Auld Creek project with strong economics and a strategic dual-commodity profile, supported by an active drilling campaign. - Positive factor: Positive PEA economics \(NPV $42M, 17% IRR\) - Positive factor: Dual-revenue stream \(gold and antimony\) - Positive factor: High gold recoveries \(95%\) - Positive factor: Fast-track permitting jurisdiction - Positive factor: Active 19,000m drill program underway - Negative factor: Significant Inferred component in resource - Negative factor: PEA is a preliminary scoping study Facts used in scoring: 4 ## Classification and evidence **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable. Why it applies: The PEA represents the first formal economic study for the Auld Creek project. Evidence · text > Rua Gold Inc. just delivered all three at once. ... released the results of a positive Preliminary Economic Assessment \("PEA"\) **QA/QC Disclosed** Polarity: positive Story-specific tag Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release names independent Qualified Persons \(Abraham Whaanga, Gary Davison, Marius Phillips\) who verified the data. Evidence · text > The PEA is signed off by three independent Qualified Persons within the meaning of NI 43-101 **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: The project uses a grind-and-flotation circuit. Evidence · text > simple grind-and-flotation circuit **Single Domain Only** Polarity: negative Definition: Testing limited to one composite or domain — representativeness not established. Why it applies: only one composite was tested ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/a-positive-gold-antimony-pea-just-landed-in-a-fast-track-jurisdiction-with-19-00--c84dd9ea-abcb-48dc-82d6-c7daa9efd436#fact-resource-facts-0) Auld Creek Gold-Antimony Project · gold #### Identity - Project: Auld Creek Gold-Antimony Project - Commodity: gold - Region: new zealand - Reported Region: New Zealand - Ticker: RUA #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Abraham Whaanga - Resource group id: resource:4e39f1d67ee72696eee5 - Deposit or zone: Auld Creek - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 300000 - Contained Metal: 54000 - Contained Unit: oz - Cutoff Grade: 1.6 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-02-27 #### Metal Equivalent - Metal Eq. Grade: 5.67 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-06T00:00:00.000Z Reasoning: Indicated resource component of the PEA. - Positive factor: Indicated category provides reasonable confidence Evidence · text > 0.3 million tonnes Indicated at 5.67 g/t AuEq for 54,000 ounces #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/a-positive-gold-antimony-pea-just-landed-in-a-fast-track-jurisdiction-with-19-00--c84dd9ea-abcb-48dc-82d6-c7daa9efd436#fact-resource-facts-1) Auld Creek Gold-Antimony Project · gold #### Identity - Project: Auld Creek Gold-Antimony Project - Commodity: gold - Region: new zealand - Reported Region: New Zealand - Ticker: RUA #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Abraham Whaanga - Resource group id: resource:fd56ee3d969d7c9bba23 - Deposit or zone: Auld Creek - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 1300000 - Contained Metal: 150000 - Contained Unit: oz - Cutoff Grade: 1.6 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-02-27 #### Metal Equivalent - Metal Eq. Grade: 3.66 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-06T00:00:00.000Z Reasoning: Inferred resource component of the PEA. - Positive factor: Significant tonnage in inferred category - Negative factor: Inferred resource is speculative Evidence · text > 1.3 million tonnes Inferred at 3.66 g/t AuEq for 150,000 ounces #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## Metallurgical Results (2) ### flotation [Link to this fact](https://atlas-extractions.minestarters.com/news/a-positive-gold-antimony-pea-just-landed-in-a-fast-track-jurisdiction-with-19-00--c84dd9ea-abcb-48dc-82d6-c7daa9efd436#fact-metallurgical-facts-2) Auld Creek Gold-Antimony Project · gold #### Identity - Project: Auld Creek Gold-Antimony Project - Commodity: gold - Region: new zealand - Reported Region: New Zealand - Ticker: RUA #### Test Work - Program Status: preliminary - Test Type: flotation - Processing Route: simple grind-and-flotation circuit - Sample: Auld Creek flotation circuit #### Recovery - Recovery: 95 % - Recovery Basis: actual\_test #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-06T00:00:00.000Z Reasoning: Strong gold recovery reported for the flotation circuit. - Positive factor: High gold recovery \(95%\) Evidence · text > Recoveries are 95% gold and 85% antimony #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: 95% is at or above the exceptional band \(95%\) **Byproduct Commodity** Polarity: neutral Definition: The tested commodity is a byproduct rather than the primary economic driver. Why it applies: the release describes a byproduct credit ### flotation [Link to this fact](https://atlas-extractions.minestarters.com/news/a-positive-gold-antimony-pea-just-landed-in-a-fast-track-jurisdiction-with-19-00--c84dd9ea-abcb-48dc-82d6-c7daa9efd436#fact-metallurgical-facts-3) Auld Creek Gold-Antimony Project · antimony #### Identity - Project: Auld Creek Gold-Antimony Project - Commodity: antimony - Region: new zealand - Reported Region: New Zealand - Ticker: RUA #### Test Work - Program Status: preliminary - Test Type: flotation - Processing Route: simple grind-and-flotation circuit - Sample: Auld Creek flotation circuit #### Recovery - Recovery: 85 % - Recovery Basis: actual\_test #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-06T00:00:00.000Z Reasoning: Good antimony recovery reported for the flotation circuit. - Positive factor: Solid antimony recovery \(85%\) Evidence · text > Recoveries are 95% gold and 85% antimony #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal **Byproduct Commodity** Polarity: neutral Definition: The tested commodity is a byproduct rather than the primary economic driver. Why it applies: the release describes a byproduct credit ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.