Integra Resources announces maiden PEA for Wildcat and Mountain View projects

Integra Resources announced results for the maiden Preliminary Economic Assessment, or PEA, and updated resource estimate for each of the Wildcat Project and Mountain View Project located in western Nevada. The PEA demonstrates the potential for a low-cost, high-margin, heap leach gold-silver operation with a phased development and production strategy and robust economics. The average annual production of Wildcat & Mountain View and the DeLamar Project on a combined basis is expected to exceed 200kozs of gold equivalent, or AuEq, demonstrating one of the largest heap leach production profiles among precious metal developers in the Great Basin. Wildcat & Mountain View PEA highlights include: After-tax NPV of $309.6M and 36.9% after-tax IRR using base case metal prices of $1,700/oz gold, or Au, and $21.50/oz silver, or Ag; After-tax NPV of $442.1M and 49.7% after-tax IRR using spot metal prices on June 27 of US$1,920/oz Au and $22.00/oz Ag Wildcat & Mountain View generate combined annual production of ~94koz AuEq from year 1-5 with average annual production of 80koz AuEq over the 13 year Life-of-Mine, or LOM; LOM payable metals from Wildcat & Mountain View of 1,043koz AuEq. Integra’s President, CEO & Director, Jason Kosec commented: “the updated resource estimate and PEA for Wildcat & Mountain View demonstrate two high-margin, low-cost, heap leachable gold and silver deposits with a strong combined production profile, low pre-production capex and robust economics. The PEA strengthens Integra’s position in the Great Basin as a multi-asset developer with a pathway to become a 200,000 ounce per year gold-silver producer.”