# G2 Goldfields Files Technical Report for PEA and Updated MRE for the High-Grade Oko Gold Project Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/g2-goldfields-files-technical-report-for-pea-and-updated-mre-for-the-high-grade--40edcfc5-9c8b-42a3-ae26-cfda9e6fba24 Original source: https://money.tmx.com/en/quote/GTWO/news/7189568704956850/g2-goldfields-files-technical-report-for-pea-and-updated-mre-for-the-high-grade- Publisher: tmx Original announcement: 2026-02-02T12:09:16.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: G2 Goldfields Inc. - Ticker: GTWO - Exchange: TSX - Region: Co-operative Republic of Guyana, South America - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update, Economic study - Extracted: 2026-09-18 02:58:49 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary G2 Goldfields has filed a technical report for its Oko Gold Project, detailing a Preliminary Economic Assessment \(PEA\) and an updated Mineral Resource Estimate \(MRE\). The PEA outlines robust economics with an after-tax NPV5% of $2.5 billion, an IRR of 38%, and a rapid payback of 2.7 years at a $3,000/oz gold price. The MRE includes 1.6 Moz Au at 3.24 g/t Au \(Indicated\) and 1.9 Moz Au at 3.31 g/t Au \(Inferred\). Reasoning: G2 Goldfields announced a positive Preliminary Economic Assessment \(PEA\) and an updated Mineral Resource Estimate \(MRE\) for its Oko Gold Project, demonstrating strong economics with a high after-tax IRR and rapid payback, underpinned by a high-grade gold resource. However, the PEA is preliminary and relies on inferred resources, and some key economic assumptions lack explicit disclosure. - Positive factor: Robust project economics with high IRR and fast payback - Positive factor: Significant contained gold ounces in both Indicated and Inferred categories - Positive factor: High average resource grades - Positive factor: QP/CP signed off on the technical report and estimates - Negative factor: The economic study is preliminary in nature \(PEA\) and includes inferred resources - Negative factor: High strip ratio for the open pit component - Negative factor: IRR and payback basis \(real/nominal, discounted/undiscounted\) are not explicitly disclosed Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 3 ## Classification and evidence **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The source explicitly discloses a revised resource estimate Evidence · text > updated mineral resource estimate ## Extracted facts Stored fact records: 2. 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/g2-goldfields-files-technical-report-for-pea-and-updated-mre-for-the-high-grade--40edcfc5-9c8b-42a3-ae26-cfda9e6fba24#fact-resource-facts-1) Oko Gold Project · gold #### Identity - Project: Oko Gold Project - Commodity: gold - Region: guyana - Reported Region: Co-operative Republic of Guyana, South America - Ticker: GTWO #### Resource scope - Estimate type: resource - Effective date: 2025-11-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: William J. Lewis, Chitrali Sarkar, Mike Round, Peter Szkilnyk, Mohsin Hashmi, Richard M. Gowans, Christopher Jacobs, Sepehr Aryan, Morwenna C. Rogers, Dan Noone - Resource group id: resource:2c381dce15a7d36f710e - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 15571000 - Grade: 3.24 - Grade Unit: g/t - Contained Metal: 1620600 - Contained Unit: oz #### Prior Estimate - Resource Date: 2025-11-20 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-02T00:00:00.000Z Reasoning: The updated MRE includes a substantial Indicated gold resource with a high average grade, contributing significantly to project confidence and potential value. - Positive factor: Significant contained gold ounces \(1.62 Moz\) - Positive factor: High average grade of 3.24 g/t Au - Positive factor: Indicated resource category provides higher confidence - Positive factor: NI 43-101 compliant and QP signed Evidence · text > 1.6 Moz Au at 3.24 g/t Au \(Indicated\) #### 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: The resource is classified as Indicated, providing reasonable geological confidence for continuity. Evidence · text > 1.6 Moz Au at 3.24 g/t Au \(Indicated\) **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: The MRE was prepared by Micon International Limited and reviewed by Qualified Persons. Evidence · text > The MRE was prepared by Micon International Limited with an effective date of November 20, 2025. **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The MRE is part of an NI 43-101 compliant technical report. Evidence · text > NI 43-101 Technical Report **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: This is an updated Mineral Resource Estimate for the project. Evidence · text > updated mineral resource estimate \(“ MRE ”\) **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/g2-goldfields-files-technical-report-for-pea-and-updated-mre-for-the-high-grade--40edcfc5-9c8b-42a3-ae26-cfda9e6fba24#fact-resource-facts-2) Oko Gold Project · gold #### Identity - Project: Oko Gold Project - Commodity: gold - Region: guyana - Reported Region: Co-operative Republic of Guyana, South America - Ticker: GTWO #### Resource scope - Estimate type: resource - Effective date: 2025-11-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: William J. Lewis, Chitrali Sarkar, Mike Round, Peter Szkilnyk, Mohsin Hashmi, Richard M. Gowans, Christopher Jacobs, Sepehr Aryan, Morwenna C. Rogers, Dan Noone - Resource group id: resource:d178e13fc7a07b1be88d - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 17970000 - Grade: 3.31 - Grade Unit: g/t - Contained Metal: 1910300 - Contained Unit: oz #### Prior Estimate - Resource Date: 2025-11-20 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-02T00:00:00.000Z Reasoning: The updated MRE includes a substantial Inferred gold resource with a high average grade, indicating significant exploration potential, but its speculative nature limits its current economic confidence. - Positive factor: Significant contained gold ounces \(1.91 Moz\) - Positive factor: High average grade of 3.31 g/t Au - Positive factor: NI 43-101 compliant and QP signed - Negative factor: Inferred resource category is speculative and cannot support economic studies alone Evidence · text > 1.9 Moz Au at 3.31 g/t Au \(Inferred\) #### 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: The resource is classified as Inferred, which is a speculative category with limited drilling and assumed geological continuity. Evidence · text > 1.9 Moz Au at 3.31 g/t Au \(Inferred\) **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: The MRE was prepared by Micon International Limited and reviewed by Qualified Persons. Evidence · text > The MRE was prepared by Micon International Limited with an effective date of November 20, 2025. **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The MRE is part of an NI 43-101 compliant technical report. Evidence · text > NI 43-101 Technical Report **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: This is an updated Mineral Resource Estimate for the project. Evidence · text > updated mineral resource estimate \(“ MRE ”\) **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 ## 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.