GoldMining Announces Positive PEA for São Jorge Project with $532M After-Tax NPV

GoldMining Inc. announced positive results from a Preliminary Economic Assessment (PEA) for its São Jorge gold project in Brazil. The PEA shows strong base case economics with an after-tax net present value of $532 million at a 5% discount rate and an after-tax internal rate of return of 42.4% using a base case gold price of $3,500 per ounce. The project requires initial capital of $202 million and features a 10.6-year mine life with average annual gold production of 51,250 ounces. At current spot gold prices of $4,400/oz, the after-tax NPV increases to $837 million with a 58.6% IRR. The company plans to advance the project through pre-feasibility studies and permitting toward a construction decision.