Inventus Mining recaps 2025 work

Executive Summary

• Inventus Mining Corp. provided a year-end review of its Pardo gold project, highlighting successful bulk sampling operations that generated positive cash flow and validated metallurgical and grade predictions.
• The company outlined its 2026 strategy to advance Pardo toward a low-cost, near-surface producer, focusing on extracting the remaining permitted bulk sample, completing a maiden NI 43-101 resource estimate, and validating a two-stage development model.
• Operational readiness was demonstrated with extraction rates of ~10,000 tonnes per month, supporting a plan to leverage existing regional milling infrastructure for near-term cash flow while evaluating on-site heap-leach processing for long-term cost reduction.

Key Details

• Bulk Sampling Results (2025):
  • Extracted 15,000 tonnes from two separate sites.
  • First 4,674-tonne sample generated positive cash flow with a 96% return over cost.
  • Bulk-sample grade was 3.04 g/t Au, reconciling within 3% of the predicted 3.14 g/t Au.
  • Overall metallurgical recovery was 94%.
• Current and Upcoming Processing:
  • An additional 10,128-tonne bulk sample is currently at McEwen Inc.'s Stock mill, scheduled for processing in January 2026.
  • Company intends to extract the remaining permitted 30,000 tonnes in 2026 to continue generating bulk-scale data and cash flow.
  • Planning is underway to extract an additional 10,000 tonnes early in 2026.
• Drilling Activity:
  • 2025 Drilling: 296 holes for 3,751 metres completed.
  • Pending Results: Results from 94 holes are currently pending.
  • 2026 Plan: Drilling resumes early in 2026 to support resource definition and expansion; additional results expected in January.
  • Methodology: Large-diameter PQ-size core drilling proven to be rapid and cost-effective for shallow, flat-lying mineralization.
• Operational Scalability:
  • Demonstrated extraction rate of approximately 10,000 tonnes per month (120,000 tonnes per year).
  • Results indicate strong potential to scale operations and reduce costs through increased production volume.
• 2026 Strategic Initiatives:
  • Resource Estimate: Completion and issuance of a National Instrument 43-101 maiden mineral resource estimate.
  • Stage 1 (Near-term): Mine-and-haul model leveraging existing regional milling infrastructure to generate cash flow and reduce equity dilution. Production-permitting initiative is underway.
  • Stage 2 (Long-term): Evaluation of on-site processing alternatives, including conventional milling and heap-leach methods.
  • Heap-Leach Testing: Metallurgical test work is underway; earlier results indicate positive potential for low-capital, low-operating-cost processing, which could lower economic cut-off grades and expand total tonnes/ounces.
• Project Overview:
  • Pardo gold project is 100% owned, located 65 km northeast of Sudbury, Ont.
  • Land package covers 139 square kilometres.
  • Described as the first important paleoplacer gold discovery in North America.

Notable Quotes

• "Collectively, these achievements support Inventus's strategy of advancing Pardo as a scalable, low-cost, near-surface gold operation with significant district-scale upside across its 139 square-kilometre land package."
• "Management believes Inventus is well positioned for substantial growth in 2026. The company's demonstrated ability to generate positive cash flow from bulk sampling and reinvest that capital into permitting, drilling and technical studies differentiates Inventus from its junior gold peers and provides a clear, derisked path to advance Pardo from explorer to producer."