# Roscan Gold Announces Positive Preliminary Economic Assessment for the Kandiol&\#xE9; Gold Project in Mali Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/roscan-gold-announces-positive-preliminary-economic-assessment-for-the-kandiol-x--74a09792-ff6c-4a18-808d-8d4a8091f077 Original source: https://money.tmx.com/en/quote/ROS/news/8467149289625205/roscan-gold-announces-positive-preliminary-economic-assessment-for-the-kandiol-x Publisher: tmx Original announcement: 2026-03-02T15:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Roscan Gold Corporation - Ticker: ROS - Exchange: TSX - Region: Mali - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update, Other - Extracted: 2026-08-26 06:42:34 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Roscan Gold has announced a positive Preliminary Economic Assessment \(PEA\) for the Kandiolé Gold Project in Mali, reporting an after-tax NPV \(5%\) of US$498 million and an IRR of 43% at a US$3,100/oz gold price. The project is envisioned as a conventional open-pit operation with a 13-year mine life and an average annual production of ~93koz Au. Reasoning: The announcement of a positive PEA with robust economics \(43% IRR\) and a significant Indicated resource provides a strong development pathway for the Kandiolé project. - Positive factor: Strong economic metrics \(43% IRR, US$498M NPV\) - Positive factor: High proportion of Indicated resource \(97% of mill feed\) - Positive factor: Free-milling mineralization reported - Positive factor: Robust sensitivity to gold price - Negative factor: PEA level accuracy \(±30%\) - Negative factor: Includes Inferred resources Facts used in scoring: 3 ## Classification and evidence **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource estimate includes a significant 58.2 Mt Indicated component. Evidence · text > 1.283 Moz Au indicated resource **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The estimate includes an Inferred component of 5.6 Mt. Evidence · text > 0.09 Moz Au inferred resource **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: Mr. Mark Kenwright, FAusIMM CP\(Geo\) is named as the Qualified Person. Evidence · text > reviewed and approved by Mr. Mark Kenwright, FAusIMM CP\(Geo\) **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: Specific cut-off grades for Laterite, Saprolite, and Sap rock/Fresh rock are provided. Evidence · text > The applied cut-off grades are: 0.13 g/t Au \(Laterite\) 0.15 g/t Au \(Saprolite\) 0.20 g/t Au \(Sap rock and Fresh rock\) ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Resource Estimates (3) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/roscan-gold-announces-positive-preliminary-economic-assessment-for-the-kandiol-x--74a09792-ff6c-4a18-808d-8d4a8091f077#fact-resource-facts-0) gold #### Identity - Commodity: gold - Ticker: ROS #### Resource Data - Category: indicated - Tonnes: 58200000 - Grade: 0.68 - Grade Unit: g/t - Contained Metal: 1.283 - Contained Unit: Moz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-02T00:00:00.000Z Reasoning: Significant indicated resource component provides high geological confidence for the project base case. - Positive factor: Large indicated resource base Evidence · text > 1.283 Moz Au indicated resource \(58.2 Mt at 0.68 g/t\) ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/roscan-gold-announces-positive-preliminary-economic-assessment-for-the-kandiol-x--74a09792-ff6c-4a18-808d-8d4a8091f077#fact-resource-facts-1) gold #### Identity - Commodity: gold - Ticker: ROS #### Resource Data - Category: inferred - Tonnes: 5600000 - Grade: 0.52 - Grade Unit: g/t - Contained Metal: 0.09 - Contained Unit: Moz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-02T00:00:00.000Z Reasoning: Inferred resource adds potential scale but carries higher geological uncertainty. - Positive factor: Provides additional upside potential - Negative factor: Speculative nature of inferred category Evidence · text > 0.09 Moz Au inferred resource \(5.6 Mt at 0.52 g/t\) ### Fact 3 [Link to this fact](https://atlas-staging.minestarters.com/news/roscan-gold-announces-positive-preliminary-economic-assessment-for-the-kandiol-x--74a09792-ff6c-4a18-808d-8d4a8091f077#fact-resource-facts-2) gold #### Identity - Commodity: gold - Ticker: ROS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-02T00:00:00.000Z Reasoning: Average recovery of 94% is strong for a CIL circuit. - Positive factor: High average recovery - Positive factor: Free-milling mineralization Evidence · text > overall recoveries ranging from approximately 85% to 97% and an average of approximately 94% ## 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.