Boumadine Feasibility Study Advances as Updated PEA Nears H2-2026 Release

summarizeSummary

The Boumadine project update confirms Feasibility Study progress, with the Updated PEA expected in H2-2026 and FS completion targeted for H2-2027. Key workstreams—including infill drilling, contractor tendering, and infrastructure engineering—are advancing as planned.

check_boxKey Events · Product Development and Regulatory · AYA

• Feasibility Study Progress Update

  Completion of the Boumadine Feasibility Study is targeted for H2-2027, with workstreams progressing as planned. The infill drilling campaign has reached 102,111 meters year-to-date out of a planned 360,000 meters, metallurgical testwork is in its final phase, and procurement for mining and processing contracts is well advanced.

• Updated PEA on Track for H2-2026

  The Updated Preliminary Economic Assessment for Boumadine remains on schedule for release in H2-2026. It will feature an updated resource model, a revised mine plan, and metal prices that reflect current market conditions.

• Infrastructure Engineering Underway

  Detailed engineering has begun for water supply infrastructure, while preliminary engineering is underway for power infrastructure. The powerline route is largely defined, and discussions with the national grid operator are ongoing.

• Contractor Tender Process Launched

  A shortlist of mining contractors has been established, and a competitive tender for the open pit mining contract is expected to conclude in H1-2027. A parallel process for the processing plant is ongoing, with a shortlist anticipated by year-end.

auto_awesomeAnalysis · AYA · Energy & Transportation

A comprehensive update on the flagship Boumadine polymetallic project confirms the Feasibility Study remains on track for completion by H2-2027. The Updated PEA, which incorporates a revised resource model and mine plan, is expected in H2-2026. Year-to-date infill drilling has surpassed 102,000 meters, procurement for mining and processing contracts is advancing, and detailed engineering for water and power infrastructure has begun. This progress de-risks the project timeline and signals steady movement toward a construction decision, reinforcing Boumadine's role as the company's primary growth driver.