# Freeman Gold Delivers Feasibility Study for the Lemhi Gold Project Confirming 1 Million¹ Ounce Proven and Probable Reserve, US$696 Million Post Tax NPV\(5%\), 34.4% IRR and 15-Year Mine Life Using Base Case $3,650/oz Au

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/freeman-gold-delivers-feasibility-study-for-the-lemhi-gold-project-confirming-1--2704b7f3-bfba-4865-8beb-b92691981ddf

Original source: https://finance.yahoo.com/markets/commodities/articles/freeman-gold-delivers-feasibility-study-113000411.html

Publisher: yahoo\_press

Original announcement: 2026-06-29T11:30:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Freeman Gold Corp.

- Ticker: FMAN

- Exchange: TSXV

- Region: Idaho, USA

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Resource update

- Extracted: 2026-08-20 21:23:42 UTC

Narrative sentiment: 1.00 · Bullish

## Minestarters Atlas summary

Freeman Gold Corp. has released a Feasibility Study for the Lemhi Gold Project in Idaho, confirming 1 million ounces of Proven and Probable reserves. The study reports a post-tax NPV\(5\) of US$696 million and an IRR of 34.4% based on a gold price of $3,650/oz.

Reasoning: The announcement of a Feasibility Study confirming a 1 million ounce reserve with high IRR and NPV is a major de-risking milestone for a gold project.

- Positive factor: Confirmed 1 million ounce reserve

- Positive factor: Strong economic metrics \(34.4% IRR, $696M NPV\)

- Positive factor: NI 43-101 compliant study

Facts used in scoring: 2

## Classification and evidence

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: The Feasibility Study confirms Probable reserves as part of the 1 million ounce total.

Evidence · text

> Confirming 1 Million¹ Ounce Proven and Probable Reserve

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: The Feasibility Study confirms Proven reserves as part of the 1 million ounce total.

Evidence · text

> Confirming 1 Million¹ Ounce Proven and Probable Reserve

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: The study was prepared in accordance with NI 43-101 Standards of Disclosure.

Evidence · text

> Prepared by Ausenco Engineering Canada ULC \("Ausenco"\) in accordance with National Instrument 43-101 Standards of Disclosure

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: The study was prepared by Ausenco Engineering Canada ULC in accordance with NI 43-101.

Evidence · text

> Prepared by Ausenco Engineering Canada ULC \("Ausenco"\) in accordance with National Instrument 43-101

## Extracted facts

Stored fact records: 2. Some facts used in scoring do not have a stored record.

## Resource Estimates (2)

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/freeman-gold-delivers-feasibility-study-for-the-lemhi-gold-project-confirming-1--2704b7f3-bfba-4865-8beb-b92691981ddf#fact-resource-facts-0)

gold

#### Identity

- Commodity: gold
- Ticker: FMAN

#### Resource Data

- Category: proven
- Contained Metal: 1000000
- Contained Unit: oz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-29T00:00:00.000Z

Reasoning: Confirmed reserve component of the 1 million ounce total.

- Positive factor: Significant reserve scale

Evidence · text

> Confirming 1 Million¹ Ounce Proven and Probable Reserve

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/freeman-gold-delivers-feasibility-study-for-the-lemhi-gold-project-confirming-1--2704b7f3-bfba-4865-8beb-b92691981ddf#fact-resource-facts-1)

gold

#### Identity

- Commodity: gold
- Ticker: FMAN

#### Resource Data

- Category: probable
- Contained Metal: 1000000
- Contained Unit: oz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-29T00:00:00.000Z

Reasoning: Confirmed reserve component of the 1 million ounce total.

- Positive factor: Significant reserve scale

Evidence · text

> Confirming 1 Million¹ Ounce Proven and Probable Reserve

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.