Scottie Resources Delivers 8.43 g/t Gold over 11.40 M, Strengthening P-Zone Mineralization at Scottie Gold Mine Project

Rhea-AI Summary

Scottie Resources (OTCQB: SCTSF) reported 2025 drill results from the P-Zone at the Scottie Gold Mine project, highlighted by 8.43 g/t Au over 11.40 m (SR25-384) including 14.8 g/t over 6.00 m. Additional hits include 8.37 g/t over 4.0 m (SR25-389) and multiple M-, O- and P-zone intercepts.

The company completed a PEA that models a low-capital DSO operation with an after-tax NPV(5%) of CAD $215.8M and IRR 60.3% at US$2,600/oz, initial capital of CAD $128.6M, and an alternative toll-mill case with NPV(5%) CAD $380.1M and IRR 89.9%. A 2025 bulk sample generated an estimated $9M CAD in revenue. Zones remain open for expansion and work targets conversion of inferred to indicated resources.

Positive

• High-grade intercept: 8.43 g/t Au over 11.40 m
• PEA after-tax NPV(5%) CAD $215.8M at US$2,600/oz
• PEA shows IRR 60.3% and initial capex CAD $128.6M
• Toll-mill scenario NPV(5%) CAD $380.1M with IRR 89.9%
• 2025 bulk sample generated an estimated CAD $9M in revenue
• Project zones remain open in multiple directions for expansion

Negative

• Initial capital requirement of CAD $128.6M
• PEA economics assume a US$2,600/oz gold price
• Resource conversion objective remains, many ounces still inferred
• True width of reported drill intervals has not been established

News Market Reaction

+2.77%

1 alert

+2.77% News Effect

On the day this news was published, SCTSF gained 2.77%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Gold grade SR25-384: 8.43 g/t over 11.40 m High-grade interval: 14.80 g/t over 6.00 m Peak sample: 41.1 g/t over 1.00 m +5 more

8 metrics

Gold grade SR25-384 8.43 g/t over 11.40 m P-Zone drill intercept

High-grade interval 14.80 g/t over 6.00 m Included within SR25-384 at P-Zone

Peak sample 41.1 g/t over 1.00 m SR25-384 P-Zone sub-interval

P-Zone intercept 8.37 g/t over 4.00 m SR25-389 P-Zone

After-tax NPV(5%) $215.8M CAD DSO case at US$2600/oz gold in PEA

IRR 60.3% PEA DSO case at US$2600/oz gold

Initial capital cost $128.6M CAD PEA low-capital DSO operation

Bulk sample revenue $9M Estimated new revenue from 2025 Bulk Sample program

Market Reality Check

Price: $1.61 Vol: Volume 26,362 is about in...

normal vol

$1.61 Last Close

Volume Volume 26,362 is about in line with recent trading, at 0.75x the 20-day average of 34,941 shares. normal

Technical Price at 1.265 is above the 200-day MA of 0.86 and about 10.28% below the 52-week high, having more than doubled from the 52-week low.

Peers on Argus

Peers in Other Precious Metals & Mining showed mixed moves, from -1.93% (VLMGF) ...

Peers in Other Precious Metals & Mining showed mixed moves, from -1.93% (VLMGF) to +25.27% (ACKRF), while SCTSF was roughly flat at -0.24%. With no sector momentum flags triggered, the setup appears more stock-specific than part of a broad sector rotation.

Historical Context

5 past events · Latest: Dec 08 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 08	PEA filing	Positive	+4.1%	Formal filing of NI 43-101 PEA with detailed project economics.
Dec 04	Corporate recognition	Positive	-1.8%	President received major exploration award tied to Blueberry zone work.
Dec 01	Bulk sample sale	Positive	+6.8%	Bulk sample sale demonstrating DSO pathway and ~C$9M funding potential.
Nov 04	Drill results	Positive	-1.6%	High-grade P-Zone intercepts and reiteration of strong PEA economics.
Oct 28	PEA economics	Positive	+0.0%	Release of PEA showing robust NPV, IRR and short payback based on DSO.

Pattern Detected

Across the last five news events, SCTSF aligned positively with upbeat news only twice, while three events saw muted or negative reactions despite generally constructive announcements.

Recent Company History

Over recent months Scottie Resources has focused on advancing the Scottie Gold Mine Project in BC’s Golden Triangle. A Tetra Tech PEA outlined a DSO-first plan with after-tax NPV(5%) from $215.8M to $668.3M and initial capex of $128.6M. Follow-on disclosures reiterated these economics, highlighted high-grade P-Zone drilling of 8.28 g/t over 22.35 m, and showcased a bulk sample program expected to unlock roughly C$9M. There was also recognition for Dr. Mumford’s exploration work. Today’s drill results continue this theme of derisking and expanding the project.

Market Pulse Summary

This announcement reports additional high-grade drill intercepts at the P-Zone and M-Zone, including...

Analysis

This announcement reports additional high-grade drill intercepts at the P-Zone and M-Zone, including 8.43 g/t over 11.40 m, complementing a PEA that estimates after-tax NPV(5%) of $215.8M and a low-capital DSO strategy. Recent bulk sample revenue of about $9M and prior PEA disclosures frame a story of advancing toward potential development. Investors may focus on how ongoing drilling supports resource conversion, capital needs versus the $128.6M plan, and future technical or economic updates.

Key Terms

preliminary economic assessment, direct-ship ore, npv(5%), irr, +4 more

8 terms

preliminary economic assessment financial

"is the subject of a newly released Preliminary Economic Assessment ("PEA")"

A preliminary economic assessment is an initial analysis that estimates the potential profitability and feasibility of a project or resource, such as a new mineral deposit or development venture. It provides a rough idea of costs, benefits, and risks, helping investors decide whether to pursue more detailed studies. This early evaluation is important because it offers a snapshot of whether the project is worth further investment and development.

direct-ship ore technical

"evaluates a low-capital DSO operation to deliver a gold-rich gravel product"

Ore that is high enough in the desired metal and low in contaminants to be sent straight from the mine to a smelter or buyer without needing crushing, processing, or blending. For investors, direct-ship ore usually means lower operating costs, faster cash flow and simpler logistics—like selling ripe fruit at market instead of investing time and equipment to make jam—though available volumes and price sensitivity can affect profitability.

npv(5%) financial

"the project estimates an after-tax NPV(5%) of $215.8 M CAD"

Net present value at 5% is the sum of a project’s or investment’s expected future cash flows converted into today’s dollars using a 5% yearly discount rate. Think of it as how much future money is worth today after accounting for the idea that a dollar now is worth more than a dollar later; using 5% shows the investment’s value when investors require or expect a 5% return. A positive NPV(5%) suggests the investment should add value to shareholders, while a negative value suggests it would destroy value.

irr financial

"with an IRR of 60.3%"

IRR (Internal Rate of Return) is the annualized percentage return an investment is expected to produce based on its projected series of cash outflows and inflows; mathematically, it’s the rate that makes the present value of those cash flows balance to zero. Investors use IRR to compare and rank projects or investments—similar to comparing the interest rates on savings accounts—to judge which offers the best return for the time and risk involved.

tailings facility technical

"eliminate the need for a gold processing plant and tailings facility"

A tailings facility is a controlled storage area where mining companies deposit the leftover slurry of crushed rock, water, and chemicals after ore has been processed. It matters to investors because these sites carry costs and risks — such as cleanup, regulatory fines, operational shutdowns, and damage to reputation — that can materially affect a mine’s finances and the company’s share value; think of it like a large, engineered waste pond whose condition can make or break a project.

fire assay technical

"Gold was assayed using a fire assay with atomic absorption spectrometry"

Fire assay is a laboratory process used to accurately measure the amount of precious metals, like gold or silver, in a sample of ore or material. It involves heating the sample intensely to separate the metals from other substances, much like melting and purifying metal to determine its purity. This method is important to investors because it provides precise data on the metal content, helping to assess the value of mining operations or mineral deposits.

atomic absorption spectrometry technical

"fire assay with atomic absorption spectrometry and gravimetric finish"

A lab technique that uses specific wavelengths of light to detect and measure tiny amounts of metal atoms in a sample, like using a tuned flashlight to make only certain metal particles glow so you can count them. Investors watch these results because they affect product safety, environmental compliance, mining grades and regulatory approvals; accurate measurements can change costs, liabilities and the value of companies tied to metals or contamination.

national instrument 43-101 regulatory

"a qualified person under National Instrument 43-101, has reviewed and approved"

National Instrument 43-101 is a set of rules and guidelines that govern how mineral exploration and mining companies must report information about their projects. It ensures that the details shared with investors are accurate, consistent, and reliable—similar to how a detailed, verified blueprint ensures a building’s safety. This helps investors make informed decisions based on trustworthy information about a company's mineral resources.

AI-generated analysis. Not financial advice.

Vancouver, British Columbia--(Newsfile Corp. - December 11, 2025) - Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR80) ("Scottie" or the "Company") is pleased to report new assays from its 2025 drilling of the P-Zone within the Scottie Gold Mine Project ("Scottie Gold Mine" or the "Project"). The road-accessible Scottie Gold Mine Project, which includes the 100%-owned past-producing Scottie Gold Mine and the adjacent Blueberry Contact Zone, is located 35 kilometres north of Stewart, BC, and is the subject of a newly released Preliminary Economic Assessment ("PEA") (Bird et al., October 28, 2025, Scottie Gold Mine Project, SEDAR+).

"The P-Zone at the Scottie Gold Mine project continues to demonstrate strong, consistent mineralization," stated Dr. Thomas Mumford, President of the Company. "Our ability to accurately model the multiple high-grade veins has been a key driver of this season's drilling success. Years of detailed geological logging and refinement of our structural understanding are now paying off - improving our confidence in predicting extensions and delivering high-quality drill targets that continue to expand the system."

Highlights:

• SR25-384 intersected 8.43 grams per tonne (g/t) gold over 11.40 metres (m), including 14.80 g/t gold over 6.00 m on the P-Zone (Table 1, Figures 1,2).

• SR25-389 intersected 8.37 g/t gold over 4.0 m at the P-Zone (Table 1, Figures 1,2).

• SR25-391 intersected 9.70 g/t gold over 1.25 m and 5.17 g/t Au over 1.00 at the M-Zone (Table 1, Figures 1,2).

Table 1: Highlight results from new drill assays (uncut) - Scottie Gold Mine

Drill Hole		From (m)	To (m)	Width* (m)	Gold (g/t)	Silver (g/t)	Sub Zone
SR25-384		24.55	35.95	11.40	8.43	5.77	P-Zone
	including	27.55	33.55	6.00	14.8	7.33	P-Zone
	including	27.55	28.55	1.00	41.1	20.0	P-Zone
		57.00	58.00	1.00	2.00	4.00	P-Zone
		65.50	66.95	1.45	14.2	7.00	P-Zone
		100.55	104.20	3.65	1.45	0.00	P-Zone
SR25-387		8.45	10.45	2.00	2.15	3.00	P-Zone
		25.00	26.00	1.00	2.27	17.0	P-Zone
		81.00	83.75	2.75	1.07	0.00	P-Zone
		94.90	99.00	4.10	1.32	4.10	P-Zone
SR25-389		6.20	9.20	3.00	1.44	2.00	P-Zone
		55.00	56.00	1.00	1.22	5.00	P-Zone
		62.00	66.00	4.00	8.37	10.0	P-Zone
	including	62.00	63.00	1.00	29.0	28.0	P-Zone
		74.00	75.00	1.00	3.15	8.00	P-Zone
		254.50	257.00	2.50	2.82	1.60	O-Zone
		265.00	266.00	1.00	1.68	5.00	O-Zone
SR25-391		3.85	5.10	1.25	9.70	11.0	M-Zone
		145.70	146.75	1.05	5.17	15.0	M-Zone
SR25-393		3.25	6.50	3.25	3.51	1.62	P-Zone
		79.85	80.85	1.00	1.05	5.00	P-Zone
		99.55	102.00	2.45	3.41	5.55	P-Zone

 

*True width of the intervals has not yet been established by drilling

Figure 1: Overview plan view map of the Scottie Gold Mine, illustrating the locations of the reported drill results, cross-section (Figure 2), and the distribution of the modelled sulphide-rich zones.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11118/277694_e6ed7f6c143aaae4_002full.jpg

Figure 2: Cross-section displaying Scottie Gold Mine intercepts from drill holes SR25-384, -387, -389, -391.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11118/277694_e6ed7f6c143aaae4_003full.jpg

Drilling in 2025 was designed to expand the existing resource while increasing geological confidence in the known zones, supporting the planned conversion of resources from the inferred to indicated category. The program also included follow-up drilling at the Wolf Zone - discovered in 2024 (see news release dated December 12, 2024) - with results to be reported as they become available. The Scottie Gold Mine zones remain open in multiple directions, representing meaningful opportunity to continue growing the Project's overall resource base.

About the Scottie Gold Mine Project

Over the past six years, exploration at the Scottie Gold Mine Project has delivered exceptional results - highlighted by the discovery of four new high-grade zones (Blueberry Contact Zone, Domino, D-Zone, and P-Zone) and the expansion of several historically drilled targets (Scottie Gold Mine, C-Zone, Bend Vein, and Stockwork).

A clear spatial relationship has emerged between these high-grade zones and the contact with the Jurassic-aged Texas Creek Plutonic Suite, providing a powerful framework for ongoing targeting. Detailed geological, structural, mineralogical, and geochemical studies now point to a shared mineralizing event across the property - linking the deposits into a broader, interconnected system with significant growth potential.

The Blueberry Contact Zone, located 2 km northeast of the 100%-owned past producing Scottie Gold Mine in BC's Golden Triangle, has rapidly advanced from a lightly drilled high-grade vein showing into a major growth target. The target was significantly advanced during Scottie's 2019 drill program when an interval was intersected in a new N-S oriented zone adjacent to the main Blueberry Vein. The drill results received from 2020 - 2024, coupled with surficial mapping and sampling suggest that the N-S mineralized trend is a controlling structure that hosts an array of SW-trending, sub-parallel, sulphide-rich veins that obliquely crosscut it which host high-grade gold. As of the end of 2024, the extent of the N-S zone, defined by the contact between andesite and siltstone units of the Hazelton Formation and the presence of the cross-cutting sulfide-rich structures, has a drilled strike length of >1,550 metres and has been tested to >525 metres depth. The Blueberry Contact Zone is located on the Granduc Road, 20 kilometres north of the Ascot Resources' Premier Mine. Newmont's Brucejack Mine is located 25 kilometres to the north.

The Company has recently completed a PEA which evaluates a low-capital DSO operation to deliver a gold-rich gravel product to Asian copper/precious metals smelters. At a gold price of US$2600/oz the project estimates an after-tax NPV(5%) of $215.8 M CAD with an IRR of 60.3%. By design, the operation will eliminate the need for a gold processing plant and tailings facility, thereby significantly reducing the capital required and resulting in a minimal environmental footprint, resulting in an initial capital cost of $128.6 M CAD. The project envisages a shallow open pit on the Blueberry Zone to start, followed by underground production from both Blueberry and the past-producing Scottie Gold Mine. The PEA also evaluates a toll milling scenario through the nearby Premier Mill, which results in an after-tax NPV(5%) $380.1 M CAD and an IRR 89.9%.

Scottie's 2025 Bulk Sample program exemplifies the unique characteristics of this mining project, and its ability to rapidly progress. From permitting to mining, crushing, transporting, shipping and sale of the product, the program was executed in under a year, generating an estimated $9M in new revenue. With this proven pathway, Scottie's has confidence in the simplicity and efficiency of its DSO model.

Quality Assurance and Control

Results from samples taken during the 2025 field season were analyzed at SGS Minerals in Burnaby, BC. The sampling program was undertaken under the direction of Dr. Thomas Mumford. The majority of drill core was NQ in diameter, with select holes of HQ size primarily taken for geomechanical purposes. Prior to sampling drill core was cut in half lengthwise, with half sent for assay and the remaining half kept in Stewart, BC. Standards, blanks, and duplicate samples were taken at intervals and frequencies that meet or exceed industry best practices. A secure chain of custody is maintained in transporting and storing all samples. Gold was assayed using a fire assay with atomic absorption spectrometry and gravimetric finish when required (+9 g/t gold). Analysis by four acid digestion with multi-element ICP-AES analysis was conducted on all samples with silver and base metal over-limits being re-analyzed by emission spectrometry.

Dr. Thomas Mumford, P.Geo., non-independent and President of the Company, a qualified person under National Instrument 43-101, has reviewed and approved the technical information contained in this news release on behalf of the Company.

ABOUT SCOTTIE RESOURCES CORP.

Scottie Resources holds 100% interest in the Scottie Gold Mine Property, which includes the high-grade, past-producing Scottie Gold Mine and the adjacent Blueberry Contact Zone. The Company also owns a 100% interest in the Georgia Project, host to the past-producing Georgia River Mine, as well as the Cambria, Sulu, and Tide North properties. In total, Scottie controls approximately 58,500 hectares of highly prospective mineral claims within the Stewart Mining Camp in British Columbia's Golden Triangle - one of the world's most prolific mineralized districts.

Scottie's current resource estimate on the Scottie Gold Mine Project includes a total of 703,000 gold ounces at an average grade of 6.1 g/t (Inferred category) in 3.6 millon tonnes, highlighting the development potential for a significant near-surface, high-grade deposit. The Company's strategy is to continue expanding this resource and to define additional mineralization around past-producing mines through systematic drilling and surface exploration.

The Company has recently completed a PEA for the Scottie Gold Mine. The PEA outlines a robust Direct-Ship Ore (DSO) development scenario with strong economics and significant upside through a potential toll-milling option utilizing excess capacity at the nearby Premier mill. The base case DSO project delivers an after-tax NPV(5%) of $215.8-$668.3 million at gold prices of US$2,600-$4,200/oz, respectively. Under the toll-milling scenario, project economics improve substantially, with an after-tax NPV(5%) of $380.1-$831.7 million (no agreement currently in place). The PEA estimates initial capital costs of $128.6 million, average annual production of ~65,400 oz gold over seven years, and a payback period of 1.7 years for the after-tax DSO case - reduced to just 0.9 years under the toll-milling opportunity at US$2,600/oz.

Additional Information

Brad Rourke
CEO
+1 250 877 9902
brad@scottieresources.com

Forward-Looking Statements

This news release may contain forward‐looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward‐looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward‐looking statements whether as a result of new information, future events or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277694

FAQ

What did Scottie Resources (SCTSF) report on December 11, 2025 for the P-Zone?

Scottie reported drill highlights including 8.43 g/t Au over 11.40 m (SR25-384) and additional P-, M- and O-zone intercepts from the 2025 program.

How do the Scottie Gold Mine PEA economics affect SCTSF shareholders?

The PEA models a DSO operation with an after-tax NPV(5%) CAD $215.8M and IRR 60.3% at US$2,600/oz, and an alternative toll-mill case with NPV(5%) CAD $380.1M.

What material revenue was produced by Scottie's 2025 bulk sample for SCTSF?

The 2025 bulk sample program generated an estimated CAD $9M in revenue from permitting, mining, crushing, transport and sale of product.

Are Scottie's reported drill intervals true widths for SCTSF results?

No; the release states the true width of the intervals has not yet been established by drilling.

What are the key technical risks noted in Scottie's December 11, 2025 update for SCTSF?

Key risks include remaining inferred resources targeted for conversion and PEA sensitivity to the assumed US$2,600/oz gold price.

Does the Scottie Gold Mine project have room to grow resources for SCTSF?

Yes; the company reports the zones are open in multiple directions, indicating potential to expand the resource base.