Doubleview Gold Clarifies Preliminary Economic Assessment Results for the Hat Project; Updated Scenario B NPV Increased to C$7.27 Billion

The most recent news (March 23, 2026) is a material clarification and upgrade to the Preliminary Economic Assessment (PEA) for the 100% owned Hat Project in British Columbia. The company increased the After-Tax NPV(5%) for "Scenario B" (which includes a scandium recovery circuit) to C$7.27 billion, up from previous estimates. The PEA outlines a massive 120,000 tonnes per day (t/d) open-pit operation with a 25-year mine life. Key production metrics for the first 10 years include 74 kt copper, 254 koz gold, and 2.7 kt cobalt annually. The update also corrected a significant clerical error regarding cobalt grades, confirming 78 g/t Co rather than the inadvertently reported 0.78 g/t.

The impact is Material - Positive but carries significant caveats. - Economic Scale: An NPV of C$7.27B against a market cap of ~$280M suggests massive theoretical upside. The inclusion of scandium as a primary value driver (Scenario B) adds C$547 million in value over the base case. - Strategic Metals: The project positions itself as a rare North American source of Scandium and Cobalt, which are critical for the "electrification economy." - Execution Risk: A 120,000 t/d plant is an enormous undertaking for a junior company. The capital expenditure (CAPEX) required for such a scale will likely be in the billions, necessitating a major partner or massive dilution. - Resource Confidence: While the NPV is high, the IRR remains modest at 19% for the consensus price Scenario B, suggesting the project is sensitive to cost overruns or metal price fluctuations.

Doubleview Gold Corp. is a Canadian explorer focused on the Hat Project in the Golden Triangle/Stikine Arch of BC. It is a gold-copper alkalic porphyry deposit. Uniquely, it contains significant Cobalt and Scandium, which the company is attempting to monetize through a specialized hydrometallurgical circuit.