# GoldMining Files PEA Technical Report for its S&\#xE3;o Jorge Project, Brazil

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/goldmining-files-pea-technical-report-for-its-s-xe3-o-jorge-project-brazil--fe1295b7-66ca-43bb-b6a4-81b7e3d82852

Original source: https://money.tmx.com/en/quote/GOLD/news/8670358382235418/goldmining-files-pea-technical-report-for-its-s-xe3-o-jorge-project-brazil

Publisher: tmx

Original announcement: 2026-07-22T10:30:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: GoldMining Inc.

- Ticker: GOLD

- Exchange: TSX

- Region: Pará State, Brazil

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Resource update, Metallurgy

- Extracted: 2026-08-24 04:45:34 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

GoldMining Inc. has filed a NI 43-101 Technical Report and Preliminary Economic Assessment \(PEA\) for its São Jorge gold project in Brazil. The PEA reports a base case NPV 5% of $532 million and an IRR of 42.4%, supported by an estimated annual gold production of 51,250 oz over a 10.6-year life of mine.

Reasoning: The filing of a PEA for the São Jorge project demonstrates strong economic potential with high IRR and NPV, though the resource remains in the speculative Inferred category.

- Positive factor: Strong NPV 5% of $532M

- Positive factor: High IRR of 42.4%

- Positive factor: High metallurgical recovery of 90% Au

- Positive factor: Low AISC of $1,464/oz

- Positive factor: Manageable initial capital of $202M

- Negative factor: Resource is entirely Inferred

- Negative factor: PEA is preliminary and speculative

Facts used in scoring: 1

## Classification and evidence

**All Inferred**

Polarity: negative

Definition: 100% of resource is Inferred category — very early stage, no engineering confidence.

Why it applies: The PEA explicitly states it includes inferred mineral resources and does not mention measured or indicated categories.

Evidence · text

> The PEA includes inferred mineral resources, which are considered too speculative geologically

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: The document is the announcement of a Preliminary Economic Assessment \(PEA\).

Evidence · text

> includes the previously announced preliminary economic assessment \(the "PEA"\)

**High Recovery**

Polarity: positive

Definition: Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 90% gold recovery is within the exceptional/strong band for leach/gravity routes.

Evidence · text

> achieves high metallurgical recoveries of 90% Au

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: The flowsheet utilizes gravity and leach circuits.

Evidence · text

> utilizing standard gravity and leach circuits

## Extracted facts

Stored fact records: 1. Some facts used in scoring do not have a stored record.

## Resource Estimates (1)

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/goldmining-files-pea-technical-report-for-its-s-xe3-o-jorge-project-brazil--fe1295b7-66ca-43bb-b6a4-81b7e3d82852#fact-resource-facts-0)

gold

#### Identity

- Commodity: gold
- Ticker: GOLD

#### Resource Data

- Category: inferred

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-22T00:00:00.000Z

Reasoning: 90% gold recovery via gravity and leach is a strong metallurgical result for a PEA.

- Positive factor: 90% recovery is strong for gravity/leach

Evidence · text

> standard gravity and leach circuits achieves high metallurgical recoveries of 90% Au

## 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.