#Canada #Vancouver #Thesis Gold #Lawyers-Ranch #Pre-Feasibility

Exciting Progress for Thesis Gold's Lawyers-Ranch Project

Thesis Gold Inc., a prominent player in the mining sector, has made headlines with the recent filing of its Pre-Feasibility Study (PFS) for the Lawyers-Ranch gold-silver project located in British Columbia's Toodoggone District. This report, now available on SEDAR+, delves into the project's economic viability, highlighting a strong after-tax internal rate of return (IRR) of 54.4% and an after-tax net present value (NPV5%) of $2.37 billion.

Project Overview

The Lawyers-Ranch project is wholly owned by Thesis Gold Inc. and aims to tap into the abundant gold-silver resources in the region. The updated PFS results, unveiled on December 1, 2025, project a remarkable pre-tax IRR of 73.5% and a NPV5% of $3.73 billion at gold prices of US$2,900 per ounce and silver at US$35 per ounce. Furthermore, the quick payback period of just 1.1 years emphasizes the high potential for substantial financial returns.

Key Highlights

The PFS is a comprehensive document prepared by several reputable consulting firms, including Ausenco Engineering Canada ULC and Mining Plus Canada Ltd., and follows the National Instrument 43-101 standards. Here are some standout features of the report:

• - Production Capacity: Thesis anticipates a robust annual production rate, averaging 266,000 ounces of equivalent gold (AuEq) in the first three years and 187,000 ounces over a remarkable life of mine (LOM) of 15 years.

• - Mineral Reserves: For the first time, a maiden mineral reserve statement is introduced, estimating 76.16 million tonnes of ore at a grade of 0.97 grams per tonne (g/t) for gold and 28 g/t for silver, translating to an AuEq grade of 1.33 g/t.

• - Cost Efficiency: The economic analysis reflects an average all-in sustaining cost (AISC) of US$1,185 per AuEq ounce, ensuring profitability.

• - Investment Potential: The initial capital expenditure is pegged at approximately $736.2 million, which is positioned favorably against the anticipated after-tax NPV5% initial capital ratio of 3.21. Moreover, Thesis expects to generate pre-production revenue of $91.1 million from processing stockpiles.

Future Prospects

The report also underscores significant upside potential. There is room for further optimization of the project design during the feasibility stage and exploration prospects that rove untapped.

The management of Thesis Gold, under the leadership of President and CEO Ewan Webster, is actively pursuing the Environmental Assessment Process, demonstrating a commitment to responsible mining practices. With plans for a feasibility study slated for 2026, the company's goal is to minimize risks and ensure project success as it strives to ascend to the forefront of global precious metals development.

Conclusion

Thesis Gold Inc. is charting a promising path with its Lawyers-Ranch project, backed by compelling economic metrics and a strategic vision for sustainable mining. The recent PFS reflects the project's strong performance potential, and stakeholders can keep an eye on forthcoming developments as the company progresses through its planned studies and assessments.

For more information about the Lawyers-Ranch project, stakeholders can visit the official website at thesisgold.com. This initiative is a testament to the burgeoning opportunities within the mining industry, particularly in Canada's rich mineral landscape, as Thesis Gold Inc. works diligently to harness the potential of its valuable resources.