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Fredonia files NI 43-101 report for El Dorado Monserrat

Fredonia’s NI 43-101 filing confirms the August PEA, raising capital while development CAPEX looms.

By The Northwire Desk — AI Analysis Oct 08, 2026 · 03:59 FRED · 0.66 Fredonia Mining Inc.
Executive Summary

Fredonia Mining Inc. filed a NI 43-101 Technical Report supporting the Preliminary Economic Assessment (PEA) for its wholly owned El Dorado Monserrat (EDM) gold-silver project in Argentina. The technical report, prepared by three qualified persons, became effective on August 17, 2026, fulfilling the standard regulatory requirement to publish the supporting technical report within 45 days of the PEA disclosure.

The PEA was originally disclosed on August 31, 2026, detailing a 17+ year mine life, average production of 146,000 oz AuEq annually, a US$1.5 billion post-tax NPV10, and a 65% post-tax IRR. No new economic parameters, resource updates, or project modifications are introduced in this filing.

Material Impact

Fredonia Mining Inc. (FRED) filed a procedural, regulatory follow-up to its August 31 Preliminary Economic Assessment (PEA) announcement. The market had already priced in the PEA metrics, as evidenced by the stock’s peak at $0.90 on September 1, 2026, followed by a consolidation phase. This news confirms the technical validity of the previously announced study without altering the fundamental economic thesis or project timeline. The impact is expected and incremental, validating the development path but not providing new catalysts for immediate price appreciation.

FRED · Price
Company Overview

Fredonia Mining Inc. is a Canadian exploration and development company focused on the El Dorado Monserrat (EDM) gold-silver project in the Deseado Massif, Santa Cruz Province, Argentina. The project spans approximately 33,500 hectares, strategically located near AngloGold Ashanti's Cerro Vanguardia mine.

The Preliminary Economic Assessment (PEA) outlines a conventional open-pit, truck-and-shovel mining method with a dual heap-leach processing route, utilizing both crushed/agglomerated and uncrushed run-of-mine (ROM) material. The resource base stands at 126.45 million tonnes of Measured and Indicated material containing 2.76 million ounces of gold equivalent (AuEq), with an additional 73.89 million tonnes of Inferred resources.

The company holds a 1.5% net smelter return (NSR) royalty on EDM and a 0.5% net profits interest (NPI) on select early-stage properties.

Read the original news release →

More from Fredonia Mining Inc.

Sep 23, 2026 · 09:24

Fredonia closes a C$11.5 million bought deal after withdrawing a warrant price cut to preserve its capital structure.

Financings Sep 14, 2026 · 07:24

Fredonia’s EDM preliminary economic assessment yields a $1.5 billion net present value, while a C$10 million financing round highlights ongoing dilution risks.

Financings Aug 31, 2026 · 10:16

Fredonia’s EDM preliminary economic assessment yields a $1.5 billion net present value despite lacking reserves and relying on 36% inferred feed.

Resource Estimate Jul 14, 2026 · 07:00

Fredonia’s South Deposit returned broad low-grade gold intersections, keeping the focus on the upcoming preliminary economic assessment.

Drill Results Jul 07, 2026 · 07:00

Fredonia advances drilling and consolidates its district footprint as it targets an August completion for the Preliminary Economic Assessment.

Drill Results Jun 09, 2026 · 07:00

Fredonia Mining Inc. Advances PEA and Expands District Position at El Dorado Monserrat

Drill Results