# White Gold Corp. Announces Positive Preliminary Economic Assessment with C$1.9 Billion After-Tax NPV, 38% IRR and 1.7 Year Payback Period on the White Gold Project, Yukon, Canada Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/white-gold-corp-announces-positive-preliminary-economic-assessment-with-c-1-9-bi--cae0bbd9-e7a3-4f32-b7df-3b714f31f26c Original source: https://money.tmx.com/en/quote/WGO/news/8010698018320746/white-gold-corp-announces-positive-preliminary-economic-assessment-with-c-1-9-bi Publisher: tmx Original announcement: 2026-08-10T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: White Gold Corp. - Ticker: WGO - Exchange: TSX - Region: Yukon, Canada - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Metallurgy, Resource update, Other - Extracted: 2026-09-15 06:30:24 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary White Gold Corp. announced a positive maiden Preliminary Economic Assessment \(PEA\) for its flagship White Gold Project in Yukon, Canada, outlining a 9.4-year open pit operation. The PEA projects an after-tax NPV\(5%\) of C$1.9 billion, an IRR of 38%, and a 1.7-year payback period at a US$3,600/oz gold price, with average annual gold production of 188,000 ounces. The study is based on an August 2025 resource estimate of 1.73 Moz Indicated and 1.27 Moz Inferred gold, and metallurgical testwork indicating 92% recovery for key deposits but 72% for others due to preg-robbing. Reasoning: The maiden Preliminary Economic Assessment for the White Gold Project demonstrates robust economics and significant growth potential, establishing a strong development framework for the district, despite the preliminary nature of the study and some metallurgical challenges in specific zones. - Positive factor: Maiden PEA outlines strong economics with a C$1.9 billion after-tax NPV and 38% IRR. - Positive factor: Significant production scale of 188,000 oz/year over a 9.4-year mine life. - Positive factor: Efficient cost structure with LOM AISC of US$1,480/oz. - Positive factor: Project located in a favorable and stable mining jurisdiction \(Yukon, Canada\). - Positive factor: Identified significant growth potential from resource expansion, underground mining, and exploration pipeline. - Positive factor: High gold recoveries \(92%\) for Golden Saddle and VG deposits. - Negative factor: PEA is preliminary in nature and includes Inferred Mineral Resources, which are considered speculative. - Negative factor: Lower gold recoveries \(72%\) for ARC and Ryan's Surprise deposits, with preg-robbing identified. - Negative factor: Drill results from 2025 and current 2026 drilling are not included in the current resource estimate. Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 9 ## Classification and evidence **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: The document is a Preliminary Economic Assessment \(PEA\) for the project. Evidence · text > White Gold Corp. Announces Positive Preliminary Economic Assessment **Maiden PEA** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: The document explicitly states it is a 'Maiden PEA'. Evidence · text > Maiden PEA outlines a 9.4 year, 12,000 tonne per day open pit operation **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: Qualified Persons are listed in Table 6 with their qualifications and responsibilities for the PEA. Evidence · table > Brandon Chambers Context: Qualified Person **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The PEA was prepared in accordance with the disclosure standards of National Instrument 43-101. Evidence · text > The PEA was prepared in accordance with the disclosure standards of National Instrument 43-101 **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 estimate includes a significant portion of Inferred Mineral Resources \(1.27 Moz\). Evidence · table > 1,265,900 Context: 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: Cut-off grades for both open pit \(0.3 g/t Au\) and underground \(2.3 g/t Au\) resources are disclosed. Evidence · text > Open pit resources reported at a 0.3 g/t Au cut-off and underground resources at a 2.3 g/t Au cut-off **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: Golden Saddle and VG zones show 92% gold recovery, which is above the strong band for mill\_cil gold. Evidence · table > 92 Context: Golden Saddle **Low Recovery** Polarity: negative Definition: Recovery below the weak band for the commodity and processing route. Why it applies: ARC and Ryan's Surprise zones show 72% gold recovery, which is below the weak band for mill\_cil gold. Evidence · table > 72 Context: ARC **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: Preg-robbing is identified as an issue for the ARC and Ryan's Surprise zones, indicating metallurgical complexity. Evidence · text > testwork indicates that carbon associated with the ARC and Ryan's Surprise zones results in some preg-robbing. **Open Pit Mining** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: The PEA outlines a conventional open pit mining operation. Evidence · text > conventional open pit mining using truck and shovel methods **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: the document describes a mill\_cil route \("CIL"\) **Multi-Domain Tested** Polarity: positive Definition: Variability across ore domains \(oxide, transition, fresh\) has been addressed. Why it applies: 5 distinct composites were tested ## Extracted facts Stored fact records: 9. Some facts used in scoring do not have a stored record. ## Resource Estimates (3) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/white-gold-corp-announces-positive-preliminary-economic-assessment-with-c-1-9-bi--cae0bbd9-e7a3-4f32-b7df-3b714f31f26c#fact-resource-facts-0) White Gold Project · gold #### Identity - Project: White Gold Project - Commodity: gold - Region: canada\_yt - Reported Region: Yukon, Canada - Ticker: WGO #### Resource scope - Estimate type: resource - Effective date: 2025-08-19T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brandon Chambers, Gilles Arseneau, Tysen Hantelmann, Tad Crowie, Daniel Ruane - Resource group id: resource:99cf3bbb300b7c4bd4a1 - Deposit or zone: White Gold Project - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 35200000 - Grade: 1.53 - Grade Unit: g/t - Contained Metal: 1732300 - Contained Unit: oz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-10T00:00:00.000Z Reasoning: The indicated resource provides a substantial foundation for the PEA, with clear disclosure of parameters. - Positive factor: Significant indicated resource tonnage and contained gold ounces. - Positive factor: Resource is amenable to open pit mining. - Positive factor: Cut-off grade is disclosed. Evidence · table > 1.53 Context: 35.2 #### 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/white-gold-corp-announces-positive-preliminary-economic-assessment-with-c-1-9-bi--cae0bbd9-e7a3-4f32-b7df-3b714f31f26c#fact-resource-facts-1) White Gold Project · gold #### Identity - Project: White Gold Project - Commodity: gold - Region: canada\_yt - Reported Region: Yukon, Canada - Ticker: WGO #### Resource scope - Estimate type: resource - Effective date: 2025-08-19T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brandon Chambers, Gilles Arseneau, Tysen Hantelmann, Tad Crowie, Daniel Ruane - Resource group id: resource:b84edfe92fc6f0594e4d - Deposit or zone: White Gold Project - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 32300000 - Grade: 1.22 - Grade Unit: g/t - Contained Metal: 1265900 - Contained Unit: oz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-10T00:00:00.000Z Reasoning: The inferred resource contributes to the project's scale but carries higher geological uncertainty, as is typical for this category. - Positive factor: Adds significant ounces to the overall resource base. - Positive factor: Resource is amenable to open pit mining. - Positive factor: Cut-off grade is disclosed. - Negative factor: Inferred resources are considered too speculative for economic analysis beyond a PEA. - Negative factor: Lower grade than indicated resource. Evidence · table > 1.22 Context: 32.3 #### 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/white-gold-corp-announces-positive-preliminary-economic-assessment-with-c-1-9-bi--cae0bbd9-e7a3-4f32-b7df-3b714f31f26c#fact-resource-facts-2) White Gold Project · gold #### Identity - Project: White Gold Project - Commodity: gold - Region: canada\_yt - Reported Region: Yukon, Canada - Ticker: WGO #### Resource scope - Estimate type: resource - Effective date: 2025-08-19T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brandon Chambers, Gilles Arseneau, Tysen Hantelmann, Tad Crowie, Daniel Ruane - Resource group id: resource:61f57d12f32e77d693e1 - Deposit or zone: Golden Saddle - Mining method: combined #### Resource Data - Category: indicated - Grade: 2.84 - Grade Unit: g/t - Contained Metal: 1.1 - Contained Unit: moz - Cutoff Grade: 1 - Cutoff Unit: g/t Au #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-10T00:00:00.000Z Reasoning: The Golden Saddle high-grade core represents a valuable component of the indicated resource, offering potential for higher-value underground mining. - Positive factor: High-grade core within the Golden Saddle deposit. - Positive factor: Significant contained ounces at a higher cut-off grade. - Positive factor: Indicated category provides good confidence. Evidence · text > The Golden Saddle deposit contains a high-grade core of over 1.1 million ounces Indicated at 2.84 g/t Au at a 1.0 g/t cut-off. #### 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 ## Metallurgical Results (6) ### CIL [Link to this fact](https://atlas-extractions.minestarters.com/news/white-gold-corp-announces-positive-preliminary-economic-assessment-with-c-1-9-bi--cae0bbd9-e7a3-4f32-b7df-3b714f31f26c#fact-metallurgical-facts-3) White Gold Project · gold #### Identity - Project: White Gold Project - Commodity: gold - Region: canada\_yt - Reported Region: Yukon, Canada - Ticker: WGO #### Test Work - Program Status: preliminary - Test Type: CIL - Processing Route: conventional carbon-in-leach \(CIL\) - Sample: Golden Saddle #### Recovery - Recovery: 92 % - Recovery Basis: actual\_test #### Lab - Laboratory: Base Met labs - Consultant: JDS Energy & Mining Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-10T00:00:00.000Z Reasoning: The Golden Saddle deposit shows excellent gold recovery with a conventional CIL process, which is a strong positive for project economics. - Positive factor: High gold recovery for the Golden Saddle deposit. - Positive factor: Conventional CIL flowsheet is well-established. - Positive factor: Recovery is above the strong band for mill\_cil gold. Evidence · table > 92 Context: Golden Saddle #### 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 mill\_cil signal ### CIL [Link to this fact](https://atlas-extractions.minestarters.com/news/white-gold-corp-announces-positive-preliminary-economic-assessment-with-c-1-9-bi--cae0bbd9-e7a3-4f32-b7df-3b714f31f26c#fact-metallurgical-facts-4) White Gold Project · gold #### Identity - Project: White Gold Project - Commodity: gold - Region: canada\_yt - Reported Region: Yukon, Canada - Ticker: WGO #### Test Work - Program Status: preliminary - Test Type: CIL - Processing Route: conventional carbon-in-leach \(CIL\) - Sample: VG #### Recovery - Recovery: 92 % - Recovery Basis: actual\_test #### Lab - Laboratory: Base Met labs - Consultant: JDS Energy & Mining Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-10T00:00:00.000Z Reasoning: The VG deposit also demonstrates excellent gold recovery with a conventional CIL process, contributing positively to the project's metallurgical profile. - Positive factor: High gold recovery for the VG deposit. - Positive factor: Conventional CIL flowsheet is well-established. - Positive factor: Recovery is above the strong band for mill\_cil gold. Evidence · table > 92 Context: VG #### 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 mill\_cil signal ### CIL [Link to this fact](https://atlas-extractions.minestarters.com/news/white-gold-corp-announces-positive-preliminary-economic-assessment-with-c-1-9-bi--cae0bbd9-e7a3-4f32-b7df-3b714f31f26c#fact-metallurgical-facts-5) White Gold Project · gold #### Identity - Project: White Gold Project - Commodity: gold - Region: canada\_yt - Reported Region: Yukon, Canada - Ticker: WGO #### Test Work - Program Status: preliminary - Test Type: CIL - Processing Route: conventional carbon-in-leach \(CIL\) - Sample: ARC #### Recovery - Recovery: 72 % - Recovery Basis: actual\_test #### Lab - Laboratory: Base Met labs - Consultant: JDS Energy & Mining Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-10T00:00:00.000Z Reasoning: The ARC deposit exhibits lower gold recovery and metallurgical challenges due to preg-robbing, which could negatively impact overall project economics if not optimized. - Negative factor: Lower gold recovery for the ARC deposit compared to other zones. - Negative factor: Preg-robbing identified as an issue, indicating metallurgical complexity. - Negative factor: Recovery is below the weak band for mill\_cil gold. Evidence · table > 72 Context: ARC #### 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 mill\_cil signal **Low Recovery** Polarity: negative Definition: Recovery below the weak band for the commodity and processing route. Why it applies: 72% is below the weak band \(80%\) ### CIL [Link to this fact](https://atlas-extractions.minestarters.com/news/white-gold-corp-announces-positive-preliminary-economic-assessment-with-c-1-9-bi--cae0bbd9-e7a3-4f32-b7df-3b714f31f26c#fact-metallurgical-facts-6) White Gold Project · gold #### Identity - Project: White Gold Project - Commodity: gold - Region: canada\_yt - Reported Region: Yukon, Canada - Ticker: WGO #### Test Work - Program Status: preliminary - Test Type: CIL - Processing Route: conventional carbon-in-leach \(CIL\) - Sample: Ryan's Surprise #### Recovery - Recovery: 72 % - Recovery Basis: actual\_test #### Lab - Laboratory: Base Met labs - Consultant: JDS Energy & Mining Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-10T00:00:00.000Z Reasoning: The Ryan's Surprise deposit also shows lower gold recovery and metallurgical challenges due to preg-robbing, similar to the ARC deposit, requiring further optimization. - Negative factor: Lower gold recovery for the Ryan's Surprise deposit compared to other zones. - Negative factor: Preg-robbing identified as an issue, indicating metallurgical complexity. - Negative factor: Recovery is below the weak band for mill\_cil gold. Evidence · table > 72 Context: Ryan's Surprise #### 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 mill\_cil signal **Low Recovery** Polarity: negative Definition: Recovery below the weak band for the commodity and processing route. Why it applies: 72% is below the weak band \(80%\) ### PEA average [Link to this fact](https://atlas-extractions.minestarters.com/news/white-gold-corp-announces-positive-preliminary-economic-assessment-with-c-1-9-bi--cae0bbd9-e7a3-4f32-b7df-3b714f31f26c#fact-metallurgical-facts-7) White Gold Project · gold #### Identity - Project: White Gold Project - Commodity: gold - Region: canada\_yt - Reported Region: Yukon, Canada - Ticker: WGO #### Test Work - Program Status: preliminary - Test Type: PEA average - Processing Route: conventional carbon-in-leach \(CIL\) - Sample: PEA life-of-mine average #### Recovery - Recovery: 87 % - Recovery Basis: unspecified #### Lab - Laboratory: Base Met labs - Consultant: JDS Energy & Mining Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-10T00:00:00.000Z Reasoning: The average gold recovery for the PEA is a good overall figure, but it masks variability and challenges in specific deposits. - Positive factor: Overall average recovery is strong for a CIL process. - Positive factor: Reflects the blended performance of various deposits. - Negative factor: Lower recoveries from some zones dilute the overall average. Evidence · table > 87 Context: Average Gold Recovery #### 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 mill\_cil signal ### PEA average [Link to this fact](https://atlas-extractions.minestarters.com/news/white-gold-corp-announces-positive-preliminary-economic-assessment-with-c-1-9-bi--cae0bbd9-e7a3-4f32-b7df-3b714f31f26c#fact-metallurgical-facts-8) White Gold Project · gold #### Identity - Project: White Gold Project - Commodity: gold - Region: canada\_yt - Reported Region: Yukon, Canada - Ticker: WGO #### Test Work - Program Status: preliminary - Test Type: PEA average - Sample: PEA life-of-mine average #### Recovery - Head Grade: 1.54 - Head Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-10T00:00:00.000Z Reasoning: The average head grade for the processed material is a key input to the positive PEA economics. - Positive factor: Average head grade supports economic viability of the project. Evidence · table > 1.54 Context: Average Head Grade ## 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.