Unigold gets community support for Candelones

Executive Summary

• Unigold Inc. is accelerating the development of its Candelones oxide gold deposits in the Dominican Republic, following a bankable feasibility study that indicated a 44% after-tax IRR and a 1.5-year payback period.
• The company has secured overwhelming community support (>70%) for the project, particularly regarding environmental studies and potential economic benefits, while addressing local concerns regarding water quality and benefit sharing.
• Unigold expects to receive the Terms of Reference (ToR) from the Dominican government after a site visit on March 3, 2026, with the goal of tabling an initial Environmental and Social Impact Assessment (ESIA) by the end of Q2 2026.

Key Details

• Feasibility Study Results (Late 2022):
  • Based on a $1,650/oz gold price assumption.
  • 44% after-tax Internal Rate of Return (IRR).
  • 1.5-year payback period.
  • Oxide reserves comprise less than 10% of the available Measured and Indicated (M&I) resources.
• Community Engagement:
  • Stakeholder survey completed in February 2026.

    70% of respondents support the acceleration of environmental studies and full community consultations.

  • Key community interests: Employment, economic spinoffs, and infrastructure improvements (transportation, utilities, health, education).
  • Key community concerns: Water quality, surface impacts, and benefit-sharing agreements.
• Permitting and Regulatory Status:
  • Ministry of the Environment and Natural Resources has finished its project review.
  • Final site visit with government teams scheduled for March 3, 2026.
  • Site visit is the final step before the delivery of the Terms of Reference (ToR).
  • Unigold aims to table an initial ESIA study towards the end of Q2 2026.
  • Estimated timeline for ESIA consultation and approval: ~12 months.
• Engineering and Construction Plans:
  • Detailed engineering for the 100,000-ounce oxide project will commence in parallel with stakeholder engagement.
  • Goal is to be ready to commence construction immediately following ESIA approval.
  • Estimated construction period: 8 to 14 months.
• Corporate Context (Neita Norte Concession):
  • Barrick Gold earn-in agreement: Barrick can earn up to 60% interest by spending a minimum of $12 million over 8 years and delivering a prefeasibility study.
  • Barrick can earn a further 20% by electing to sole finance a feasibility study within the following four years.
  • Neita Norte is a 10,902-hectare concession awarded in Q2 2023.

Notable Quotes

• "Preliminary results show overwhelming support (greater than 70 per cent) for the acceleration of environmental studies and full community consultations."
• "Unigold intends to immediately move forward with an ESIA... The company is confident that it will be able to table an initial ESIA study towards the end of Q2 2026."