#United States #U.S. Gold Corp #Wyoming #CK Gold Project #Feasibility Study

U.S. Gold Corp Unveils Promising Feasibility Study for CK Gold Project

U.S. Gold Corp. (NASDAQ: USAU) has proudly announced the successful completion of its Feasibility Study (FS) for the CK Gold Project, situated near Cheyenne, Wyoming. This comprehensive report highlights the project's solid economic framework and low development risks, encapsulating five years of rigorous engineering and permitting.

Project Highlights

The CK Gold Project is estimated to yield significant returns, boasting an after-tax net present value (NPV) of approximately $632 million at a 5% discount rate, translating to a 27% internal rate of return (IRR) based on conservative metal price scenarios. Under favorable market conditions, the potential after-tax NPV could surge to an impressive $1.30 billion, with an anticipated IRR of 45%.

Low Development Risk and High Profitability

The FS confirms that U.S. Gold has secured all necessary permits for construction, having established a $5 million reclamation bond to cover the first year’s activities. The initial mine plan encompasses an estimated 1.6 million ounces of contained gold equivalent (AuEq), with an attractive production profile aimed at extracting high-grade ore in the project's early years. After completing a one-year ramp-up period, the average annual production is projected to reach 102,000 ounces of AuEq between the second and eighth years, with total cash costs projected at $1,748 per ounce.

Simple and Scalable Development

The project's initial capital cost is estimated at $394 million, which does not include additional pre-production costs. U.S. Gold has designed a straightforward and efficient operation, with a robust financial structure, featuring a post-tax NPV-to-capex ratio of 1.6 and a payback period of only 2.5 years. The planning phases aim to ensure a smooth operational transition as the company moves forward.

Community Engagement and Benefits

U.S. Gold has been proactive in fostering good relationships with local communities, committing to a notable 2.1% royalty payment earmarked for K-12 education in the region. The CK project is projected to generate approximately 198 direct permanent jobs during its lifespan, offering significant economic benefits to the surrounding area.

Comprehensive Project Overview

The CK Gold Project is designed as a conventional open-pit operation, expected to produce a total of 931,000 ounces of AuEq over an overall mine life of 11 years, succeeded by two years of closure services. Extensive geological studies provided a detailed analysis of mineral resources, including gold, copper, and silver recovery rates, which enhance the project’s attractiveness.

The feasibility study also takes into account potential expansion opportunities, ensuring future growth as resources at greater depths and along the strike are identified and explored. Given the project's strategic position and robust local infrastructure, U.S. Gold is well-positioned to capitalize on the meteoric rise in metals demand and prices.

In summary, U.S. Gold Corp.'s feasibility study underscores the CK Gold Project's viability as one of the premier domestic mining projects in the U.S. With its compelling economic fundamentals and commitment to community engagement, the project presents a promising prospect for investors and stakeholders alike.

U.S. Gold Corp. plans to host a conference call on April 1, 2026, to discuss these findings further, inviting the public and interested investors to join for insights and future plans regarding CK Gold Project development.