Scottie Resources Engages Dino Ghoussias of Grade Resource Partners as Project Financing Advisor
The preliminary economic assessment estimates average annual production of approximately 65,400 ounces of gold over seven years.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Scottie Resources (SCTSF) has engaged Grade Resources Partners as project financing advisor as it advances the Scottie Gold Mine Project toward development. Grade principal Dino Ghoussias will support management in evaluating and structuring financing options ahead of a construction decision.
A completed preliminary economic assessment estimates initial capital costs of $129 million. Its base-case Direct-Ship Ore scenario has an after-tax net present value, discounted at 5%, of $215.8-$668.3 million at gold prices of US$2,600-$4,200/oz, respectively. A potential toll-milling scenario using capacity at the nearby Premier mill has an after-tax net present value at the same discount rate of $380-$832 million, but no agreement is currently in place.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Major point. Forward-looking: it has not happened yet and may not happen.Base-case Direct-Ship Ore valuation is estimated at $215.8-$668.3 million after tax, discounted at 5%, at US$2,600-$4,200/oz gold, respectively.
- Moderate point. Forward-looking: it has not happened yet and may not happen.Potential toll-milling valuation is estimated at $380-$832 million after tax, discounted at 5%.
- Moderate point. Forward-looking: it has not happened yet and may not happen.Average annual production is estimated at ~65,400 oz gold over seven years.
- Minor pointGrade Resources Partners engagement adds advisory support for evaluating and structuring Scottie's project financing options.
- Minor point. Forward-looking: it has not happened yet and may not happen.Estimated payback is 1.7 years after tax for Direct-Ship Ore, versus 0.9 years under potential toll-milling at US$2,600/oz.
Negative
- Major point. Forward-looking: it has not happened yet and may not happen.Initial capital costs are estimated at $129 million in the preliminary economic assessment. 85% of market cap
- Moderate pointPremier mill toll-milling agreement is not currently in place for the potential alternative development scenario.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - October 1, 2026) - Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR80) ("Scottie" or the "Company") is pleased to announce the engagement of Grade Resources Partners ("Grade") as Project Financing Advisor to the Company. Dino Ghoussias, Principal of Grade, will support Scottie's management team in evaluating and structuring financing options as the Company advances the Scottie Gold Mine Project toward development in British Columbia's Golden Triangle.
"As Scottie moves toward a construction decision at the Scottie Gold Mine Project, access to the right project finance expertise becomes critical," commented Thomas Mumford, CEO & President of Scottie. "Dino brings more than 25 years of structured and project finance experience across the mining sector, including direct work with development- and production-stage companies on senior secured financings. His insight will be a significant asset to our team as we evaluate the financing pathways that will take Scottie into production."
"Scottie controls a high-grade, past-producing asset with compelling project economics in one of the world's premier mining jurisdictions," commented Mr. Ghoussias. "I look forward to working with the team as they advance the Scottie Gold Mine Project toward a development decision, and to helping identify and structure financing solutions that best position the Company for its next stage of growth, on the most compelling terms available."
About Dino Ghoussias of Grade Resources Partners
Dino Ghoussias is Principal of Grade Resource Partners, a firm specializing in all aspects of mining project finance. Mr. Ghoussias is a project finance specialist with more than 25 years of experience in the global mining and metals sector. As a mining engineer, he began his career working on operating mines with Gold Fields Limited before moving into mining finance. He has since spent more than two decades in senior project finance, commodities and private credit roles at Bank of America Merrill Lynch, Goldman Sachs and Standard Bank, structuring, underwriting and executing debt and commodity-linked financings. Most recently, he was Partner and Senior Investment Manager at Red Kite, where he led the origination, structuring and execution of senior secured financings for development- and production-stage mining companies. He holds a B.Sc. (Hons) in Mining Engineering and an M.Sc. in Mineral Economics from the University of the Witwatersrand, South Africa.
About Scottie Resources Corp.
Scottie Resources holds
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 million 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 (Bird et al., October 28, 2025, Scottie Gold Mine Project, SEDAR+). The PEA outlines a robust ore sorting and 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(
Additional Information
Brad Rourke
Executive Chairman
+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, including statements regarding the anticipated contributions of Mr. Ghoussias' appointment and the Company's financing and development plans for the Scottie Gold Mine Project. 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/316874
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Who will advise Scottie Resources on financing the Scottie Gold Mine Project?
Grade Resources Partners has been engaged as project financing advisor, with principal Dino Ghoussias supporting management. His role is to help evaluate and structure financing options as Scottie advances the project toward development.
What payback periods does Scottie Resources estimate for the Scottie Gold Mine Project?
The preliminary economic assessment estimates an after-tax payback period of 1.7 years for the Direct-Ship Ore case, reduced to 0.9 years under the potential toll-milling scenario at US$2,600/oz gold. No toll-milling agreement is currently in place.