Scottie Resources Files PEA for Scottie Gold Mine Project
Original announcement by tmx on
- Company
- Scottie Resources Corp.
- Ticker
- SCOT
- Exchange
- TSX
- Region
- British Columbia
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Resource update, Other
- Extracted
- 2026-09-14 23:04:03 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Scottie Resources has filed a Preliminary Economic Assessment (PEA) for the Scottie Gold Mine Project in British Columbia. The PEA reports a base case after-tax NPV(5%) of $215.8M at US$2,600/oz gold, based on an inferred resource of 703,000 ounces at 6.1 g/t gold.
Reasoning: The filing of a PEA for a high-grade gold project with strong NPV and short payback is a major project milestone, though the resource remains entirely in the Inferred category.
Positive factors
- Strong economics with $215.8M NPV(5%) at US$2,600/oz gold
- Short payback period of 1.7 years in DSO scenario
- High-grade resource profile (6.1 g/t gold)
- Optionality through toll-milling scenario
Negative factors
- Resource is 100% Inferred category, which is speculative
- PEA is a preliminary study and does not guarantee economic realization
Facts used in scoring: 1
Classification and evidence
All Inferrednegative
M&I share below the weak bound — very early stage, no engineering confidence.
Why it applies: The resource estimate is stated to be entirely in the Inferred category.
Evidence · text
“703,000 gold ounces at an average grade of 6.1 g/t (Inferred category)”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The PEA was prepared in accordance with NI 43-101 standards.
Evidence · text
“prepared by Tetra Tech... in accordance with National Instrument 43-101”
Maiden Resourceneutral
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 establishes the economic baseline for the project.
Evidence · text
“Scottie Resources Files PEA for Scottie Gold Mine Project”
Extracted facts
Stored fact records: 1. Some facts used in scoring do not have a stored record.
Resource Estimates (1)
inferredScottie Gold Mine Project · goldGrade: 6.1Grade Unit: g/tContained Metal: 703000Contained Unit: ozView all detailsHide details
Identity
- Project
- Scottie Gold Mine Project
- Commodity
- gold
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- SCOT
Resource scope
- Estimate type
- resource
- Effective date
- 2025-10-28T00:00:00.000Z
- Reporting standards
- ni_43_101
- Qualified person names
- Hassan Ghaffari, Jianhui (John) Huang, Damian Gregory, Sue Bird, Thomas Mumford
- Resource group id
- resource:4d18dd8d2de93765af44
- Deposit or zone
- Scottie Gold Mine Project
- Mining method
- underground
Resource Data
- Category
- inferred
- Grade
- 6.1
- Grade Unit
- g/t
- Contained Metal
- 703000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-10-28
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-08T00:00:00.000Z
Reasoning: The resource is high-grade but carries the highest geological uncertainty as it is entirely Inferred.
Positive factors
- High grade of 6.1 g/t
Negative factors
- Entirely Inferred category
Evidence · text
“total of 703,000 gold ounces at an average grade of 6.1 g/t (Inferred category)”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
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
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.