Northwire Canada EditionTuesday, August 11, 2026
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Technical Study

Desert Gold Delivers PEA Update for SMSZ Project with USD $61 Million After-Tax NPV (10%) and 57% IRR at USD $2,850/oz Gold for Barani and Gourbassi Deposits in West Mali

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By The Northwire Desk — AI Analysis Nov 25, 2025 · 05:31 DAU · 0.065 Desert Gold Ventures Inc.
Executive Summary

On November 25, 2025, Desert Gold Ventures announced an updated Preliminary Economic Assessment (PEA) for its SMSZ Gold Project in Western Mali. The study focuses on a starter mine concept using the Barani and Gourbassi deposits.

Key metrics from the updated PEA, assuming a USD $2,850/oz gold price, include: - After-Tax Net Present Value (NPV) at a 10% discount rate: USD $61 million - After-Tax Internal Rate of Return (IRR): 57% - Payback Period: 2.5 years - Initial Capital Expenditure (Capex): USD $20.4 million - All-In Sustaining Cost (AISC): USD $1,137 per ounce - Mine Life: 10 years - Total Gold Production: 130,700 ounces - Plant Throughput: 36,000 tonnes per month (doubled from the previous study)

The CEO, Jared Scharf, noted that this study still incorporates less than 10% of the SMSZ Project's total gold resources, suggesting significant potential for expansion. The mining approach is designed to be modular and flexible.

Material Impact

This updated PEA is a material positive development as it demonstrates significantly improved project economics compared to the previous PEA released on August 7, 2025. Management has successfully delivered on its previously stated goal of doubling production capacity, which has substantially enhanced the project's financial metrics.

DAU · Price
Company Overview

Desert Gold Ventures Inc. is a junior mineral exploration company focused on gold projects in West Africa. - Flagship Project: The SMSZ (Senegal Mali Shear Zone) Project in western Mali. It is a large, 440 sq km land package that hosts a NI 43-101 compliant mineral resource of 310,300 ounces of gold in the Measured & Indicated category and 769,200 ounces in the Inferred category. The company's current strategy is to develop a small-scale, low-capex "starter mine" on the Barani and Gourbassi deposits to generate cash flow for larger-scale exploration. - Secondary Project: The Tiegba Gold Project in Ivory Coast, acquired via an option agreement in June 2025. This project is underexplored but has a large gold-in-soil anomaly.

Read the original news release →

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