# GoldMining Files PEA Technical Report for its S&\#xE3;o Jorge Project, Brazil Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/goldmining-files-pea-technical-report-for-its-s-xe3-o-jorge-project-brazil--6c249542-b98b-4d1d-a2e9-7e60b90a8ccd Original source: https://money.tmx.com/en/quote/GOLD/news/8670358382235418/goldmining-files-pea-technical-report-for-its-s-xe3-o-jorge-project-brazil Publisher: tmx Original announcement: 2026-07-22T10:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: GoldMining Inc. - Ticker: GOLD - Exchange: TSX - Region: Pará State, Brazil - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update, Other, Metallurgy - Extracted: 2026-09-16 02:34:16 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary GoldMining Inc. has filed a NI 43-101 Technical Report and Preliminary Economic Assessment \(PEA\) for its São Jorge gold project in Brazil. The PEA reports a base case NPV 5% of $532 million and an IRR of 42.4%, based on an open-pit operation with 90% gold recovery. Reasoning: The filing of a PEA for the São Jorge project demonstrates significant economic potential with high IRR and NPV, though the resource remains in the speculative Inferred category. - Positive factor: Strong economic indicators with NPV 5% of $532M and IRR of 42.4% - Positive factor: High capital efficiency with 2.6x NPV/CAPEX ratio - Positive factor: Robust gold production profile averaging 51,250 oz/year - Positive factor: High metallurgical recovery of 90% Au - Positive factor: Favorable infrastructure location near power and highways - Negative factor: Resource is entirely Inferred, which is considered too speculative for reserves - Negative factor: PEA is a preliminary study with inherent uncertainties Facts used in scoring: 2 ## Classification and evidence **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The PEA resource is explicitly stated as being composed of inferred mineral resources. Evidence · text > The PEA includes inferred mineral resources **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 filing of the first PEA for the project establishes the baseline resource/economic profile. Evidence · text > GoldMining Files PEA Technical Report for its São Jorge Project **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The report is explicitly titled as a NI 43-101 Technical Report. Evidence · text > NI 43-101 Technical Report and Preliminary Economic Assessment **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: the document describes a gravity route \("gravity"\) **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: 2. Some facts used in scoring do not have a stored record. ## Resource Estimates (1) ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/goldmining-files-pea-technical-report-for-its-s-xe3-o-jorge-project-brazil--6c249542-b98b-4d1d-a2e9-7e60b90a8ccd#fact-resource-facts-0) São Jorge Project · gold #### Identity - Project: São Jorge Project - Commodity: gold - Region: brazil - Reported Region: Pará State, Brazil - Ticker: GOLD #### Resource scope - Estimate type: resource - Effective date: 2026-06-09T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Imola Götz - Resource group id: resource:a943e62770899892dc86 - Mining method: open\_pit #### Resource Data - Category: inferred #### Prior Estimate - Resource Date: 2026-06-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The PEA defines the project's economic potential but relies on speculative Inferred resources. - Positive factor: Establishes baseline economic potential for the project - Negative factor: Resource is entirely Inferred and considered too speculative for reserves Evidence · text > The PEA includes inferred mineral resources, which are considered too speculative geologically to have the economic considerations applied to them #### 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 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 **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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **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 ## Metallurgical Results (1) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/goldmining-files-pea-technical-report-for-its-s-xe3-o-jorge-project-brazil--6c249542-b98b-4d1d-a2e9-7e60b90a8ccd#fact-metallurgical-facts-1) São Jorge Project · gold #### Identity - Project: São Jorge Project - Commodity: gold - Region: brazil - Reported Region: Pará State, Brazil - Ticker: GOLD #### Test Work - Processing Route: standard gravity and leach circuits - Sample: conventional open-pit truck-and-shovel operation #### Recovery - Recovery: 90 % - Recovery Basis: actual\_test #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: 90% recovery for gold using standard gravity and leach circuits is considered strong/high. - Positive factor: High metallurgical recovery of 90% Evidence · text > achieves high metallurgical recoveries of 90% Au #### Tags used in scoring **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: processing\_route matches the gravity signal ## 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.