Snowline Gold Announces Inclusion Into Multiple Equity Indices and Provides Project Updates

Snowline Gold Corp. (SGD) released a mixed corporate and exploration update on September 9, 2026, announcing its inclusion in the S&P/TSX Composite Index and FTSE Canada All Cap Index effective after market close on September 18, 2026. The company also confirmed that the Valley Preliminary Feasibility Study (PFS) remains on track for delivery by the first quarter of 2027, with engineering field work largely complete.

Key trade-offs under consideration for the PFS include potential throughput exceeding 25,000 tonnes per day, the replacement of diesel with LNG power, tailings and waste rock placement strategies, flowsheet optimization, and water management. Permitting efforts are advancing in parallel, with the Project Description to the Yukon Environmental and Socio-Assessment Board (YESAB) targeted for submission alongside the PFS, followed by a Project Proposal in early 2028.

The update detailed Valley 2026 exploration drilling totaling approximately 4,200 meters, with seven holes summarized. Results included:

• V-26-159: 3.4 m averaging 5.86 g/t Au from 515.0 m downhole, within a 625.5 m run averaging 0.36 g/t Au mostly below the PEA pit; this was the deepest hole to date at 1,047 m downhole.
• V-26-161: 4.0 m averaging 2.68 g/t Au from 624 m downhole, located about 300 m below the PEA pit shell.
• V-26-163: 6.3 m averaging 1.03 g/t Au at the bottom of the hole.
• V-26-164: 450.5 m averaging 0.4 g/t Au outside the pit shell, with localized high grades.
• V-26-158, V-26-160, V-26-162: Low grades, weak granodiorite, or short intersections outside the pit or Mineral Resource Estimate (MRE).

Regional exploration assays are pending for Gracie, comprising about 2,300 meters across three holes; Duke, comprising about 1,600 meters across five holes; and Crossroad, which saw its first drilling with 435 meters across two holes. Additionally, the Valley Mineral Resource Estimate was restated at a 0.3 g/t cut-off, reporting 7.94 million ounces of gold at 1.21 g/t in Measured and Indicated categories, plus 0.89 million ounces of gold at 0.62 g/t in the Inferred category.

Snowline Gold Corp. (SGD) released information that does not constitute an earnings report, with no new financial results to assess. Prior-period context indicates a Q2 2026 net loss of C$22.1 million and a H1 net loss of C$30.6 million. Cash stood at C$85.3 million at June 30, 2026, increasing to approximately C$236 million following the August 2026 financing.

Materiality is being judged against a C$3.31 billion market capitalization and an already-large 7.94 moz M&I gold resource. The new Valley step-out holes do not change the resource, mine plan, or economics. They show the system extends at depth and laterally, but at grades too low and intervals too narrow to move the current valuation.

The index inclusion is the more reliable near-term catalyst. It should force passive index buying and improve liquidity, especially given the large float. However, index inclusion does not change NAV or intrinsic value, and as a C$3.3 billion company now, the inclusion was likely anticipated after the TSX listing in December 2025.

The PFS timing and permitting update are positive but expected. No new economic numbers or reserve figures are provided.

Snowline Gold Corp. is a Yukon gold exploration and development company focused on its 100%-owned Rogue Project and the Valley deposit. The company holds a land package of approximately 360,000 hectares across the Rogue and regional projects located in the Selwyn Basin and Tintina Gold Province.

The Valley deposit hosts a measured and indicated mineral resource estimate of 7.94 million ounces of gold at a grade of 1.21 grams per tonne within 204.0 million tonnes, along with 0.89 million ounces of inferred resources at 0.62 grams per tonne. A preliminary economic assessment outlines an open-pit design with a base throughput of 25,000 tonnes per day and a 20-year mine life. The project features an average metallurgical recovery of 92.2% and an initial capital expenditure of C$1.7 billion.

Economic modeling indicates an after-tax net present value of C$3.37 billion and an internal rate of return of 25% at a gold price of US$2,150 per ounce. A high-case scenario projects an NPV of C$11.4 billion at US$4,500 per ounce. Snowline Gold maintains a cash position of approximately C$236 million following an August 2026 bought deal, with no debt. The company’s recent share-based market capitalization stands at about C$3.3 billion.

Management has added leaders in project development and permitting, with key consultants including Wood, SRK, and WSP.