Carcetti Capital Corp. Files NI 43-101 Pre-Feasibility Study for the Hemlo Mine

Executive Summary

• Carcetti Capital Corp. filed a NI 43‑101 technical report supporting its Hemlo Gold Mine pre‑feasibility study, confirming long‑life production and substantial mineral reserves/resources.
• The PFS projects an after‑tax NPV of US$1.1 billion (gold price $2,610/oz) to US$1.6 billion (gold price $3,132/oz) and average annual gold output of 154,000 oz over a 14‑year mine life with all‑in sustaining costs of US$1,545/oz.
• Significant mineral reserves: 2,321 koz proven; resources: 3,626 koz measured & indicated plus 624 koz inferred.

Key Details

• Technical Report: NI 43‑101 Technical Report for Hemlo Mine (effective 2024‑12‑31), filed on SEDAR+ 2025‑10‑27. Prepared by independent qualified persons from SLR, Entech Mining Ltd., and WSP Canada Inc.
• After‑Tax NPV:
• US$1.1 billion at $2,610/oz gold price (5% discount).
• US$1.6 billion at $3,132/oz gold price (5% discount).
• Undiscounted After‑Tax Free Cash Flow: US$1.49 billion over life of mine.
• Production Profile: Average 154,000 oz Au per year for 14 years (underground + open pit).
• All‑In Sustaining Cost (AISC): US$1,545/oz averaged over mine life.
• Probable Mineral Reserves: 2,321 koz Au contained (41.2 Mt @ 1.75 g/t).
• Measured & Indicated Resources: 3,626 koz Au contained (71.3 Mt @ 1.58 g/t) – includes:
• Measured: 624 koz Au (4.3 Mt @ 4.47 g/t).
• Indicated: 3,002 koz Au (66.9 Mt @ 1.39 g/t).
• Inferred Resources: 624 koz Au contained (9.8 Mt @ 1.98 g/t).
• Operational Strategy: Leverage existing underground and open‑pit infrastructure; pursue brown‑field exploration adjacent to current facilities to extend mine life and improve margins.
• Corporate Transition: Upon closing of the Hemlo acquisition (expected Q4 2025), Carcetti will rename to Hemlo Mining Corp. (HMC) and be led by an experienced management team and board.
• Quotes: “Filing this NI 43‑101 PFS marks a major milestone… Hemlo is uniquely positioned to deliver meaningful value…” – Jason Kosec, President & CEO.

Notable Quotes

“We believe Hemlo is uniquely positioned to deliver meaningful value – by capitalising on its proven infrastructure, deploying fit‑for‑purpose operations and aggressively exploring the brown‑fields potential.” – Jason Kosec, President & Chief Executive Officer.