# 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 ...

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/freeman-gold-files-ni-43-101-technical-report-for-the-lemhi-gold-project-feasibi--66ff1af0-3913-4fa6-a49a-b1ceb4d279cb

Original source: https://www.newswire.ca/news-releases/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-885773279.html

Publisher: cnw

Original announcement: 2026-08-18T17:34:19.889Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- 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

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas 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 factor: Strong economic metrics \(NPV $1.03B, 45.4% IRR at sensitivity price\)

- Positive factor: 1.0 Moz Proven & Probable reserve established

- Positive factor: Long mine life of 15.2 years

- Positive factor: QP/CP sign-off provided by multiple independent professionals

- Negative factor: Low novelty as this is a filing of a previously announced Feasibility Study

Facts used in scoring: 4

## Classification and evidence

**Probable Reserve**

Polarity: positive

Definition: 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 Reserve**

Polarity: positive

Definition: 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 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: 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 Disclosed**

Polarity: positive

Definition: 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)

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/freeman-gold-files-ni-43-101-technical-report-for-the-lemhi-gold-project-feasibi--66ff1af0-3913-4fa6-a49a-b1ceb4d279cb#fact-resource-facts-0)

gold

#### 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

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/freeman-gold-files-ni-43-101-technical-report-for-the-lemhi-gold-project-feasibi--66ff1af0-3913-4fa6-a49a-b1ceb4d279cb#fact-resource-facts-1)

gold

#### 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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/freeman-gold-files-ni-43-101-technical-report-for-the-lemhi-gold-project-feasibi--66ff1af0-3913-4fa6-a49a-b1ceb4d279cb#fact-resource-facts-2)

gold

#### 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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/freeman-gold-files-ni-43-101-technical-report-for-the-lemhi-gold-project-feasibi--66ff1af0-3913-4fa6-a49a-b1ceb4d279cb#fact-resource-facts-3)

gold

#### 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.