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Technical Study Routine +

Liberty Gold Files Feasibility Study Technical Report for the Black Pine Project in Idaho, USA

Liberty’s Black Pine feasibility study validates $2.4 billion economics, setting the stage for project financing.

By The Northwire Desk — AI Analysis Sep 18, 2026 · 19:46 LGD · 2.15 Liberty Gold Corp.
Executive Summary

Liberty Gold Corp. has formally filed a National Instrument 43-101 Technical Report and Feasibility Study for its Black Pine Project in Idaho. The filing, which carries an effective date of August 1, 2026, was submitted on September 18, 2026, via SEDAR+ and the company website.

The report consolidates technical work from a consortium of engineering and consulting firms, including M3 Engineering (lead), SLR Consulting, AGP Mining Consultants, Forte Dynamics, GL Simmons, GSI Environmental, and NewFields. This submission serves as the formal regulatory filing of the technical and economic parameters previously announced in the company's September 8, 2026 press release.

Material Impact

Liberty Gold Corp. (LGD) filed a procedural but necessary milestone that formalizes feasibility study data for lenders, regulators, and potential partners. The filing does not introduce new economic assumptions, reserve estimates, or capital cost changes compared to the September 8 announcement, which cited a $2.397 billion NPV(5%), 60.5% IRR, and $1,566/oz AISC at $3,250/oz Au. By completing the NI 43-101 technical report, Liberty Gold removes a key administrative hurdle, transitioning the project from the study phase to execution and financing readiness. The market had already priced in the feasibility results, and this filing confirms the technical integrity of those numbers.

LGD · Price
Company Overview

Liberty Gold Corp. is an exploration and development company focused on the Black Pine Oxide Gold Project in southeastern Idaho, USA. The project is a large-scale, 16-year open-pit, run-of-mine (ROM) heap-leach operation that requires no crushing or agglomeration.

The project hosts a Probable Mineral Reserve of 4.04 million ounces of gold at an average grade of 0.29 g/t Au. The production profile averages 202,000 oz Au/year for the first five years, peaking at 294,600 oz in Year 13.

The project benefits from existing infrastructure, a straightforward metallurgical process validated by 72.4% average gold extraction, and strong political support in Idaho.

Read the original news release →

More from Liberty Gold Corp.

Sep 17, 2026 · 06:00

ROM leach validation confirms Black Pine economics, with near-term catalysts focused on permitting and financing.

Technical Study Sep 08, 2026 · 06:00

Liberty’s Black Pine FS shows a $2.4B after-tax NPV and 60.5% IRR with $411M capex, while permits remain pending.

Technical Study Aug 12, 2026 · 18:19

Liberty reported second quarter profit from asset disposals while Black Pine permitting and feasibility studies remain on track.

Earnings Aug 05, 2026 · 06:00

Liberty submits the Idaho cyanidation design for Black Pine, keeping the project on track for a Q1 2027 permit application.

Production / Operations Jun 17, 2026 · 19:31

Liberty Gold secures C$3.5m from Centerra as the Black Pine feasibility study nears completion.

Financings May 19, 2026 · 06:00

Liberty Gold Advances Black Pine Drilling as Feasibility Study Looms; Asset Sales Fund Development

Production / Operations