Scottie Resources Files PEA for Scottie Gold Mine Project

Rhea-AI Summary

Scottie Resources (OTCQB: SCTSF) filed a NI 43-101 Preliminary Economic Assessment (effective October 28, 2025) for the Scottie Gold Mine project in British Columbia.

Key metrics: base-case gold US$2,600/oz, US$/CAD 0.72, after-tax NPV(5%) of $215.8M (US$2,600/oz) and $668.3M (US$4,200/oz), initial CAPEX $128.6M, average annual production ~65,400 oz over a 7-year mine life, and after-tax payback 1.7 years (DSO case).

The PEA is preliminary, uses inferred resources, and notes an optional toll-milling case (no agreement in place) that raises NPV.

Positive

• After-tax NPV(5%) $215.8M at US$2,600/oz
• After-tax NPV(5%) $668.3M at US$4,200/oz
• Initial capital cost $128.6M
• Average annual production ~65,400 oz over 7 years
• After-tax payback 1.7 years (DSO at US$2,600/oz)

Negative

• PEA uses inferred mineral resources, increasing uncertainty
• No binding toll-milling agreement despite stated upside
• Short 7-year mine life limits long-term production profile

News Market Reaction

+4.10%

1 alert

+4.10% News Effect

On the day this news was published, SCTSF gained 4.10%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Base-case gold price: US$2,600/oz FX rate: US$/CAD$ 0.72:1.00 After-tax NPV(5%): $215.8M +5 more

8 metrics

Base-case gold price US$2,600/oz PEA base-case assumption

FX rate US$/CAD$ 0.72:1.00 PEA economic assumptions

After-tax NPV(5%) $215.8M Standalone DSO at US$2,600/oz

After-tax NPV(5%) $668.3M Standalone DSO at US$4,200/oz

After-tax NPV(5%) toll $380.1M Toll-milling at US$2,600/oz

After-tax NPV(5%) toll $831.7M Toll-milling at US$4,200/oz

Initial capital cost $128.6M Scottie Gold Mine PEA

Average annual production ~65,400 oz Over 7-year mine life in PEA

Market Reality Check

Price: $1.56 Vol: Volume 36,945 is in line ...

normal vol

$1.56 Last Close

Volume Volume 36,945 is in line with the 20-day average of 34,941. normal

Technical Price $1.30 is trading above the 200-day MA of $0.86 and 7.8% below the 52-week high.

Peers on Argus

Peers showed mixed moves, from -0.84% (DNCVF) to +25.27% (ACKRF), while SCTSF sl...

Peers showed mixed moves, from -0.84% (DNCVF) to +25.27% (ACKRF), while SCTSF slipped 0.24%, suggesting stock-specific trading rather than a clear sector-wide trend.

Historical Context

5 past events · Latest: Dec 08 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 08	PEA filing	Positive	+4.1%	Filed NI 43-101 PEA with detailed economics for Scottie Gold Mine.
Dec 04	Award recognition	Positive	-1.8%	President received major exploration award for Blueberry Contact Zone work.
Dec 01	Bulk sample sale	Positive	+6.8%	Bulk sample sale and financing to unlock ~C$9M and fund next steps.
Nov 04	Drill results	Positive	-1.6%	Reported high-grade gold intercepts and reiterated strong PEA economics.
Oct 28	PEA economics	Positive	+0.0%	Released PEA outlining robust DSO plan and toll-milling upside cases.

Pattern Detected

Recent good news often led to mixed reactions, with some strong positive moves but also instances where positive exploration or recognition news saw price declines.

Recent Company History

This announcement formalizes filing of the Scottie Gold Mine PEA dated October 28, 2025, following prior disclosure of its economics. Earlier in 2025, Scottie reported impressive drill results, strong PEA metrics, and a bulk sample sale expected to generate ~C$9M to support feasibility work and permitting. Recognition of the President’s exploration achievements highlighted the Blueberry Contact Zone’s potential. Price reactions to these positive updates have been mixed, with both gains and pullbacks, indicating uneven market conviction despite advancing project milestones.

Market Pulse Summary

This announcement confirms filing of the NI 43-101 PEA for the Scottie Gold Mine, documenting econom...

Analysis

This announcement confirms filing of the NI 43-101 PEA for the Scottie Gold Mine, documenting economics such as after-tax NPV(5%) of $215.8M at US$2,600/oz and an initial capital cost of $128.6M. The study is preliminary and based on inferred resources, so outcomes remain uncertain. Prior updates on drill results, bulk sampling, and earlier PEA disclosure framed a DSO-focused development path. Investors may track future resource upgrades, feasibility work, and funding decisions as key next milestones.

Key Terms

preliminary economic assessment, ni 43-101, troy ounce, inferred mineral resources, +2 more

6 terms

preliminary economic assessment technical

"The Company has filed on SEDAR+ the Preliminary Economic Assessment"

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.

ni 43-101 regulatory

"in accordance with National Instrument 43-101 – Standards of Disclosure"

A Canadian regulatory standard that sets the rules for how mining and exploration companies must report mineral resources and reserves, requiring technical reports prepared or signed off by an independent, certified expert. It matters to investors because it creates a consistent, transparent “inspection report” for mining projects, making it easier to compare prospects, judge the reliability of claims, and assess geological and financial risk before investing.

troy ounce technical

"assumes a gold price of US$2600/troy ounce ("oz")"

A troy ounce is the standard weight unit used to measure precious metals such as gold, silver and platinum, equal to about 31.1035 grams. Investors see metal prices quoted per troy ounce, so knowing this unit lets you compare values, calculate holdings and convert to other weight measures; think of it as the “special” ounce for bullion, roughly 10% heavier than the common kitchen ounce used for groceries.

inferred mineral resources technical

"includes the use of inferred mineral resources that are considered too speculative"

An inferred mineral resource is an estimate of the quantity and grade of minerals in the ground based on limited sampling and geological information, where confidence is low and continuity is uncertain. For investors it signals potential value but also higher risk—like a rough sketch of a hidden treasure that requires much more exploration and testing before you can reliably judge its size or economic worth.

mineral reserves technical

"too speculative geologically to have economic considerations applied to them that would enable then to be categorized as mineral reserves"

Mineral reserves are the amounts of a metal or mineral that a company has identified and can legally and economically extract with current technology. Think of it like the usable fuel in a car’s tank rather than all the oil in the ground; reserves determine how long a mine can produce, help estimate future revenue and costs, and shape a company’s value and investment risk.

qualified persons regulatory

"The Independent Qualified Persons, as defined in NI 43-101 for the PEA"

A qualified person is a named professional who holds the legal credentials and expertise required by regulators to review and sign off on technical, scientific or safety-related information in public disclosures. For investors, this functions like a licensed inspector or certified auditor: it signals that key claims — about clinical results, mining resources, or product safety — have been checked by someone officially authorized, which increases trust and reduces the chance of misleading statements.

AI-generated analysis. Not financial advice.

Vancouver, British Columbia--(Newsfile Corp. - December 8, 2025) - Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR80) ("Scottie" or the "Company") is pleased to announce The Company has filed on SEDAR+ the Preliminary Economic Assessment ("PEA"), previously announced on October 28, 2025 and completed by Tetra Tech Canada, Inc. ("Tetra Tech") for the Scottie Gold Mine project in British Columbia, Canada.

The Report, entitled "Preliminary Economic Assessment for the Scottie Gold Mine Project" was independently prepared by Tetra Tech of Vancouver, BC, Canada in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") and has an effective date of October 28, 2025. All dollar ($) amounts in this news release are in Canadian dollars ($) unless otherwise indicated. Scottie Gold Mine Preliminary Economic Assessment Base Case assumes a gold price of US$2600/troy ounce ("oz") and a US$/CAD$ exchange rate of 0.72:1.00.

PEA Highlights – Scottie Gold Mine Project (for full details, see Company news release dated October 28, 2025)

• Robust Direct-Ship Ore ("DSO") development scenario with strong economics and leverage to current gold prices

• After-tax NPV(5%):

  • $215.8M at US$2,600/oz gold

  • $668.3M at US$4,200/oz gold

• Optional toll-milling scenario utilizing potential excess mill capacity at Premier could significantly enhance value (no agreement currently in place)

  • After-tax NPV(5%) increases to:

    • $380.1M at US$2,600/oz gold

    • $831.7M at US$4,200/oz gold

• Initial capital cost: $128.6M

• Average annual production: ~65,400 oz gold over a 7-year mine life

• After-tax payback period:

  • 1.7 years (standalone DSO case at US$2,600/oz gold)

  • 0.9 years under the toll-milling scenario at US$2,600/oz gold

The PEA and summary above, is preliminary in nature and includes the use of inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable then to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized.

Qualified Persons

The Independent Qualified Persons, as defined in NI 43-101 for the PEA are Hassan Ghaffari, P. Eng., M.A.Sc., Jianhui (John) Huang, PhD, P. Eng. from Tetra Tech, and Damian Gregory, P. Eng. from Snowden Optiro, and Sue Bird, P. Eng. from Moose Mountain Technical Services.

Dr. Thomas Mumford, P.Geo., President of the Company and a non-independent 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), highlighting the 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.

In parallel, Scottie is evaluating a potential Direct Shipping Ore (DSO) scenario at the Scottie Gold Mine. With permits in hand, a 10,000-tonne bulk sample is underway. This initiative provides an opportunity to collect key geotechnical and metallurgical data while assessing a low-capex path to potential near-term revenue through toll milling or third-party processing. This DSO concept does not imply a production decision but reflects the optionality embedded in Scottie's portfolio.

Additional Information

Brad Rourke
Chief Executive Officer
+1 250 877 9902
brad@scottieresources.com

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

Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation. These include, without limitation, statements with respect to: the economics and project parameters presented in the PEA, including IRR, AISC, NPV, and other costs and economic information; possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; the strategic plans, timing, costs and expectations for the Company's future development and exploration activities on the Scottie Gold Mine Property, including metallurgical test, mineralization and resource estimates and grades for drill intercepts, permitting for various work, and optimizing and updating the Company's resource model and preparing a feasibility study; information with respect to high grade areas and size of veins projected from underground sampling results and drilling results; and the accessibility of future mining at the Scottie Gold Mine Property. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: the reliability of mineralization estimates, the conditions in general economic and financial markets; availability and costs of mining equipment and skilled labour; accuracy of the interpretations and assumptions used in calculating resource estimates; operations not being disrupted or delayed by unusual geological or technical problems; ability to develop and finance the Scottie Gold Mine Project; and effects of regulation by governmental agencies. The actual results could differ materially from those anticipated in these forward-looking statements as a result of risk factors including: fluctuations in precious metals prices, price of consumed commodities and currency markets; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project cost overruns or unanticipated costs and expenses; and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277284

FAQ

What key financial metrics did Scottie Resources (SCTSF) report in the October 28, 2025 PEA?

The PEA reports after-tax NPV(5%) of $215.8M at US$2,600/oz and initial CAPEX of $128.6M.

What production profile does the Scottie Gold Mine PEA show for SCTSF?

The PEA forecasts average annual production of ~65,400 oz gold over a 7-year mine life.

What assumptions underpin the Scottie Resources PEA (SCTSF)?

Base-case assumptions include gold at US$2,600/oz and a US$/CAD exchange rate of 0.72.

How quickly does the Scottie Gold Mine pay back initial capital in the PEA?

After-tax payback is 1.7 years in the standalone DSO case at US$2,600/oz.

Does the PEA for Scottie Resources (SCTSF) include any optional scenarios that could increase value?

Yes; an optional toll-milling scenario (no agreement in place) increases after-tax NPV to $380.1M at US$2,600/oz.

What are the main risks noted in the Scottie Gold Mine PEA for SCTSF investors?

The PEA is preliminary and includes inferred resources, meaning the economic case is uncertain and not guaranteed.