GMV Minerals signs land licensing deal

Executive Summary

• GMV Minerals Inc. filed an Updated Preliminary Economic Assessment (PEA) for its Mexican Hat Project in Cochise County, Arizona, on September 8, 2025.
• The base case scenario, using a gold price of $2,500/oz, projects a pretax Internal Rate of Return (IRR) of 66.1% and a pretax Net Present Value (NPV) of $390.2 million, with a 10-year mine life producing approximately 60,000 ounces of gold annually.
• The company also signed an amended multi-year land licensing agreement with the Kay B. Graham Revocable Trust, securing surface access for exploration, drilling, and long-term environmental monitoring.

Key Details

• Land Licensing Agreement:
  • Signed an amended multi-year agreement with the Kay B. Graham Revocable Trust.
  • Grants GMV access to the surface estate of Graham family ranch lands for exploration-drilling activities.
  • Provides continuing authorization to operate a weather station and collect long-term water quality and quantity data from monitoring wells.
• PEA Financial Highlights (Base Case - $2,500/oz Gold):
  • Pretax IRR: 66.1% (After-tax: 50.2%).
  • Pretax NPV (5% discount rate): $390.2 million USD (After-tax: $268.3 million USD).
  • Payback Period: 1.53 years (After-tax: 1.82 years).
  • Capital Expenditures (Capex): $89,997,000 USD (includes $15.4 million USD contingency).
  • Life-of-Mine (LOM) Strip Ratio: 2.05.
• PEA Financial Highlights (Sensitivity Analysis - ~$4,000/oz Gold):
  • Pretax IRR: 134.2% (After-tax: 104.2%).
  • Pretax NPV (5% discount rate): $1,055 million USD (After-tax: $744.4 million USD).
• Production and Operational Metrics:
  • Base-case mine life: 10 years.
  • Total production: 597,841 ounces.
  • Average annual production: ~60,000 ounces.
  • Processing method: Crushed mineralized material conveyor-stacked at ~10,000 tonnes per day on a conventional heap-leach pad.
  • Engineering analysis indicates potential to increase pit size and contained ounces with higher gold prices.
• Resource Estimate (NI 43-101 Inferred):
  • Effective Date: August 8, 2025.
  • Tonnes: 36,733,000 tonnes.
  • Grade: 0.58 g/t gold.
  • Cut-off: 0.2 g/t gold.
  • Contained Gold: 688,000 ounces.
• Technical Personnel:
  • Qualified Persons include representatives from Samuel Engineering, DRW Geological Consultants, Respec LLC, BBA Consultants International, and Stantec Consulting Services.

Notable Quotes

• No direct quotes from the CEO or President were included in the provided text.