Wallbridge Mining Presents Fenelon Gold Project Plan Targeting 107,000 Ounces Annually
Bitget2026/10/16 17:04- Wallbridge Mining plans to complete the Fenelon pre-feasibility study by late 2027 or early 2028, funded by an approximately CAD 56 million private placement.
- Cash and cash equivalents totaled approximately CAD 74 million at June 30, 2026.
- Fenelon's preliminary economic assessment estimates an after-tax net present value of CAD 706 million at a 5% discount rate.
- Initial capital is estimated at CAD 579 million, with average annual production of 107,000 gold ounces over a 16-year mine life.
- The assessment projects a 21% after-tax internal rate of return using a USD 2,200-per-ounce gold price.
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