Scottie Resources Files PEA for Scottie Gold Mine Project

The most recent news, dated December 8, 2025, announces that Scottie Resources Corp. has officially filed its Preliminary Economic Assessment (PEA) for the Scottie Gold Mine project. The PEA, completed by Tetra Tech Canada, Inc., outlines a Direct-Ship Ore (DSO) development scenario. Key economic highlights include an after-tax Net Present Value (NPV) at a 5% discount rate of $215.8 million CAD, assuming a US$2,600/oz gold price. At a higher gold price of US$4,200/oz, the NPV rises to $668.3 million CAD. The initial capital cost is estimated at $128.6 million CAD, with an average annual gold production of approximately 65,400 ounces over a 7-year mine life. The after-tax payback period for the standalone DSO scenario is a rapid 1.7 years, which drops to 0.9 years with an optional toll-milling scenario. The report explicitly states its preliminary nature and the inclusion of inferred resources.

The filing of the PEA on December 8, 2025, is a formal and expected administrative step following the initial announcement of the PEA's robust economic results on October 28, 2025. While the PEA itself is a significant milestone demonstrating compelling economics for the Scottie Gold Mine project, the filing primarily serves to make the technical report publicly available and compliant with regulatory requirements.

In the broader context of recent news, this filing reaffirms the positive trajectory established by several highly material events: 1. PEA Announcement (October 28, 2025): The initial release of the PEA's impressive economics was the primary material event, outlining the low-capex DSO model with strong NPV, IRR, and rapid payback. 2. Bulk Sample Success and $9M Net Revenue (December 1, 2025): This operational success validated the DSO pathway, demonstrating a successful "dry run" from mining to sale, and provided significant non-dilutive capital for future studies. This was a Material - Game Changer event as it practically de-risked a core part of their strategy. 3. Upsized $24.2 Million Financing Closing (December 3, 2025): The successful closing of a substantial non-brokered private placement (upsized from $23.5M announced on November 17, 2025) provides ample capital for advancing the project, including the upcoming feasibility study and continued exploration. This significantly de-risks the company's financial position. 4. Strategic Partnership with Ocean Partners (July 7, 2025): A $25 million (USD) construction loan and offtake agreement, along with a significant equity investment by Ocean Partners, marked a Material - Game Changer event, providing critical funding and a clear sales channel.

Therefore, while the content of the PEA is undoubtedly positive and critical for the company's future, the act of filing it is a routine confirmation of previously disclosed highly positive information. It reinforces confidence in the project's viability and the company's execution capabilities, contributing to a consistently positive narrative. The market's reaction to the initial PEA announcement and the bulk sample news would have already incorporated much of this value.

Scottie Resources Corp. is a Canadian-based gold exploration and development company primarily focused on its 100%-owned Scottie Gold Mine Project in British Columbia's Golden Triangle region. The project includes the historic Scottie Gold Mine and the adjacent Blueberry Contact Zone.

Flagship Project Development: The company is rapidly advancing the Scottie Gold Mine project towards production through a Direct-Ship Ore (DSO) scenario, which aims to minimize initial capital expenditure by eliminating the need for a traditional on-site gold processing plant and tailings facility. Instead, crushed, high-grade ore would be shipped directly to Asian copper/precious metals smelters. This strategy leverages existing infrastructure, including road access and proximity to the deep-water port of Stewart, BC.

Key developments include: * Maiden Mineral Resource Estimate (MRE): Released May 7, 2025, outlining an Inferred Mineral Resource of 703,000 ounces of gold at an average grade of 6.1 g/t. * Ore Sorting Studies: Positive Phase I results (April 1, 2025) confirmed the effectiveness of XRF and XRT technologies in upgrading ore grade, supporting the DSO model. Phase II studies are underway for optimization. * Bulk Sample Program: A 10,000-tonne bulk sample permit was received (July 24, 2025). The program involved mining, crushing, and trucking, culminating in a successful sale that netted approximately $9 million CAD (December 1, 2025), serving as a crucial "dry run" for the DSO pathway. * Preliminary Economic Assessment (PEA): Announced October 28, 2025, and filed December 8, 2025, demonstrating robust economics for the DSO scenario, including a significant after-tax NPV(5%) of $215.8M CAD and a rapid payback of 1.7 years at US$2,600/oz gold. * Environmental and Geotechnical Studies: Ongoing baseline environmental studies (July 15, 2025) and geotechnical drilling support future mine design and permitting. * Exploration Success: The company continues to report high-grade drill intercepts from its aggressive exploration programs (e.g., Blueberry Contact Zone, P-Zone, and the new Wolf Zone discovery), indicating significant growth potential to expand the resource base.