GMV Minerals Enters Multi-Year Land Licensing Agreement

GMV Minerals Inc., based in Vancouver, has announced a multi-year Land Licensing Agreement with the Kay B. Graham Revocable Trust. This contract permits GMV access to Graham Family ranch lands for exploration drilling activities. The agreement also allows GMV to operate a weather station and collect long-term water data.

The 2025 Preliminary Economic Assessment (PEA) highlights reveal a significant potential for the company's project. The base case shows a pre-tax Internal Rate of Return (IRR) of 66.1% and a pre-tax net present value (NPV) of USD 390.2 million using a gold price of USD 2,500 per ounce. At a higher gold price of USD 4,000 per ounce, the IRR jumps to 134.2% with a pre-tax NPV of USD 1.055 billion.

The mine's predicted lifespan is 10 years, producing nearly 60,000 ounces annually. The total capital expenditure (Capex) is estimated at USD 89.997 million. However, the PEA's assumptions are preliminary, and further studies are crucial to confirm economic viability.