Grande Portage Advances New Amalga Gold Project

Grande Portage Resources Ltd. has announced key developments at its New Amalga Gold Project in Southeast Alaska. The high-grade resource includes 1.4 million ounces of gold indicated and 0.5 million ounces inferred, with potential for expansion. The project focuses on an underground mining operation with third-party processing, skipping the need for a local mill or tailings facility.

Recent indicative off-take terms from a global trading firm show gold payability between 72% and 87%, with expected averages of 80% to 85% through sensor-based ore sorting. This confirms the marketability of New Amalga ore, targeting Asian smelters and other facilities.

In response to market feedback, Grande Portage has launched a Preliminary Economic Assessment (PEA), engaging experts with Alaskan project experience. An initial draft is expected by early January 2026, with completion in February.