Freeman Gold Files NI 43-101 Technical Report for the Lemhi Gold Project Feasibility Study on SEDAR+ -- After-Tax NPV(5%) of Approximately US$1.03 Billion and ~45.4% IRR at US$4,350/oz Gold Freeman Gold Corp. (TSXV: FMAN) (OTCQX: FMANF) (FSE: 3WU) ("Freeman" or the "Company") is pleased to announce that, further to its news release dated ...
Original announcement by cnw on
- Company
- Freeman Gold Corp.
- Ticker
- FMAN
- Exchange
- Unavailable
- Region
- Idaho, USA
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Resource update
- Extracted
- 2026-08-24 04:11:39 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Freeman Gold has filed its NI 43-101 Technical Report for the Lemhi Gold Project Feasibility Study. The study confirms a 1.0 million ounce Proven and Probable reserve with an after-tax NPV(5%) of US$695.6 million at a US$3,650/oz gold price.
Reasoning: The filing of the NI 43-101 Technical Report formalizes the Feasibility Study, confirming a 1.0 Moz P&P reserve and robust economics at conservative gold prices.
Positive factors
- Strong economic metrics (NPV $1.03B, 45.4% IRR at sensitivity price)
- 1.0 Moz Proven & Probable reserve established
- Long mine life of 15.2 years
- QP/CP sign-off provided by multiple independent professionals
Negative factors
- Low novelty as this is a filing of a previously announced Feasibility Study
Facts used in scoring: 4
Classification and evidence
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: The FS confirms 34.4 Mt at 0.71 g/t Au as a Probable Reserve.
Evidence · table
“0.71”
Context: 34.4
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: The FS confirms 8.6 Mt at 0.85 g/t Au as a Proven Reserve.
Evidence · table
“0.85”
Context: 8.6
QP/CP Signedpositive
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: Multiple independent Qualified Persons from Ausenco, MMTS, APEX, and GSI are named.
Evidence · text
“prepared by Ausenco Engineering Canada ULC together with independent Qualified Persons”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The reserve cut-off grade is explicitly stated as 0.20 g/t Au.
Evidence · text
“reported using an Au grade cut-off of 0.20 g/t”
Extracted facts
Stored fact records: 4. Some facts used in scoring do not have a stored record.
Resource Estimates (4)
provengoldTonnes: 8600000Grade: 0.85Grade Unit: g/tContained Metal: 0.2Contained Unit: MozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- FMAN
Resource Data
- Category
- proven
- Tonnes
- 8600000
- Grade
- 0.85
- Grade Unit
- g/t
- Contained Metal
- 0.2
- Contained Unit
- Moz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-18T00:00:00.000Z
Reasoning: Proven reserve component of the FS.
Evidence · table
“0.85”
Context: 8.6
probablegoldTonnes: 34400000Grade: 0.71Grade Unit: g/tContained Metal: 0.8Contained Unit: MozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- FMAN
Resource Data
- Category
- probable
- Tonnes
- 34400000
- Grade
- 0.71
- Grade Unit
- g/t
- Contained Metal
- 0.8
- Contained Unit
- Moz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-18T00:00:00.000Z
Reasoning: Probable reserve component of the FS.
Evidence · table
“0.71”
Context: 34.4
indicatedgoldTonnes: 39954000Grade: 0.76Grade Unit: g/tContained Metal: 974000Contained Unit: ozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- FMAN
Resource Data
- Category
- indicated
- Tonnes
- 39954000
- Grade
- 0.76
- Grade Unit
- g/t
- Contained Metal
- 974000
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-18T00:00:00.000Z
Reasoning: Indicated resource component mentioned in text.
Evidence · text
“39.954 million tonnes at 0.76 g/t Au for 974,000 oz of gold”
inferredgoldTonnes: 10683000Grade: 0.7Grade Unit: g/tContained Metal: 240000Contained Unit: ozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- FMAN
Resource Data
- Category
- inferred
- Tonnes
- 10683000
- Grade
- 0.7
- Grade Unit
- g/t
- Contained Metal
- 240000
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-18T00:00:00.000Z
Reasoning: Inferred resource component mentioned in text.
Evidence · text
“10.683 million tonnes at 0.70 g/t Au for 240,000 oz of gold”
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.