Inventus posts $1.16M gold sales from Trench 1 sample

Executive Summary

• Inventus Mining Corp. reported results from the Trench 1 bulk sample at its Pardo River of Gold project, recovering 172 ounces of gold from 2,512 dry tonnes processed.
• The project generated $1.16 million in gold sales, exceeding direct bulk sample costs of $578,626 by 102%, demonstrating positive immediate cash flow.
• Approximately 17,500 tonnes of material are currently stockpiled and ready for processing, with an additional 20,000 tonnes permitted for extraction to support continued bulk sampling and non-dilutive cash flow generation.

Key Details

• Gold Recovery: 172 ounces of gold recovered from 2,512 dry tonnes processed between Jan. 26 and Feb. 5, 2026.
• Financial Performance:
  • Total Gold Sales: $1,166,596.
  • Direct Bulk Sample Costs: $578,626.
  • Return on Cost: 102% (Sales exceeded costs by this margin).
  • Cost per Dry Tonne: $230 ($169 USD).
  • Cost per Ounce Recovered: $3,364 ($2,453 USD).
• Operational Metrics:
  • Estimated Head Grade: 2.51 grams per tonne gold.
  • Metallurgical Recovery: 85%.
  • Note: These figures are estimates due to severe winter conditions affecting milling throughput and tailings sampling reliability; only ~25% of the total bulk sample has been processed to date.
• Inventory and Future Capacity:
  • Stockpiled Material: ~17,500 tonnes ready for processing.
  • Permitted Extraction: Further 20,000 tonnes permitted for extraction.
• Drilling Status: Assay results are pending from 96 drill holes completed to date, with drilling continuing.
• Processing Facility: Trench 1 bulk sample was processed at McEwen Mining's stock mill using a conventional carbon-in-leach (CIL) flowsheet.

Notable Quotes

• "Pardo continues to demonstrate the combination of repeatable economics and growing geological confidence that investors want to see in an advancing gold project. The value of the recovered gold continues to materially exceed direct mining and processing costs, while each bulk sample campaign generates real operating data that improves confidence in grade predictability, helps refine the company's upcoming resource estimate and reduces technical risk." — Wesley Whymark, CEO
• "With approximately 17,500 tonnes already stockpiled and ready for processing, and a further 20,000 tonnes permitted for extraction, Inventus has a clear runway to build on these results. We believe continued bulk sampling can generate additional non-dilutive cash flow that can be used to further advance the project." — Wesley Whymark, CEO