Thesis Gold Contracts Ausenco and Mining Plus to Commence Pre-Feasibility Study for Lawyers-Ranch Project
Thesis Gold Contracts Ausenco and Mining
Plus to Commence Pre-Feasibility Study for
Lawyers-Ranch Project
Vancouver, British Columbia--(Newsfile Corp. - January 9, 2025) - Thesis Gold Inc. (TSXV: TAU) (WKN:
A3EP87) (OTCQX: THSGF) ("
Thesis
" or the "
Company
") is pleased to announce that it has engaged
Ausenco
Engineering Canada ULC
("Ausenco") and
Mining Plus Canada Consulting Ltd.
("Mining Plus") to complete a Pre-Feasibility Study (PFS) prepared in accordance with NI 43-101 for its
wholly owned Lawyers-Ranch Project in British Columbia. This PFS will build upon the strong project
economics outlined in the Preliminary Economic Assessment (PEA) filed in September 2024, which
demonstrated an after-tax NPV (5%) of C$1.28 billion, an IRR of 35.2%, and a payback period of just 2.0
years
1
(see Thesis news release of
September 5, 2024
).
Following a rigorous selection process, Thesis has chosen to partner with Ausenco and Mining Plus due
to their position as industry leaders with extensive expertise in engineering, process design, and mine
planning. Thesis is confident in the partnership's ability to produce a robust and complete PFS, which will
offer a foundation for the project as it progresses through permitting, detailed engineering, and towards
construction. Additionally, Knight-Piésold, F. Wright Consulting, and One-Eighty Consulting will continue
their contributions from the PEA stage, focusing on tailings, water and waste rock management,
metallurgy, and permitting, respectively.
"We are excited to collaborate with Ausenco and Mining Plus, two highly respected firms recognized for
their excellence in engineering and mining studies," said Dr. Ewan Webster, President and CEO of
Thesis Gold. "This milestone represents an important step forward as we continue to unlock the value of
the project and advance towards our goal of building a sustainable and profitable mining operation."
The PFS is scheduled to be completed in Q4 2025 and will be filed on SEDAR+ when available. Work
will progress in line with the ongoing Environmental Assessment process, with necessary finalized
design items scheduled to be completed prior to submission of the Detailed Project Description in the
second half of 2025.
On behalf of the Board of Directors,
Thesis Gold Inc.,
"Ewan Webster"
Ewan Webster Ph.D., P. Geo.
President, CEO, and Director
About Thesis Gold Inc.
Thesis Gold Inc. is a resource development company focused on unlocking the potential of its 100%
owned Lawyers-Ranch Project, located in British Columbia's prolific Toodoggone Mining District. The
recently completed Preliminary Economic Assessment (PEA) highlights robust project economics,
including a 35.2% after-tax IRR and an after-tax NPV5% of C$1.28 billion, demonstrating the potential for
significant value creation. The Company's 2025 roadmap includes a robust exploration and drill
program, delivery of a Pre-Feasibility Study on the combined Lawyers-Ranch Project, and
commencement of the Environmental Impact Assessment Process. Through these strategic moves,
Thesis Gold intends to elevate the Lawyers-Ranch Project to the forefront of global precious metals
ventures.
About Ausenco
Ausenco is a global company redefining what's possible. The team is based across 26 offices in 15
countries delivering services worldwide. Combining deep technical expertise with a 30-year track
record, Ausenco delivers innovative, value-add consulting studies, project delivery, asset operations and
maintenance solutions to the minerals and metals and industrial sectors (
www.ausenco.com
).
About Mining Plus
Mining Plus are a leading mining technical services provider, consisting of professionals specialising in
geology, mining engineering (Surface and Underground), geotechnical engineering, mine ventilation and
operational management. We have grown and diversified over the years to cover a broad range of
mineral commodities across the project value chain, from the conceptual stage of projects, right through
to feasibility study work, project delivery, commissioning, and mine closure.
1
Please refer to the Company's Preliminary Economic Assessment entitled, "Updated Preliminary
Economic Assessment, Lawyers- Ranch Project and Property" with an effective date of August 30, 2024
filed under the Company's profile on SEDAR+ at
www.sedarplus.ca
.
For further information or investor relations inquiries, please contact:
Dave Burwell
Vice President Corporate Development
Email:
Tel: 403-410-7907
Toll Free: 1-888-221-0915
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.
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian
securities legislation. Forward-looking information includes, without limitation, statements regarding
the use of proceeds from the Company's recently completed financings and the future plans or
prospects of the Company. Generally, forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or
variations of such words and phrases or state that certain actions, events or results "may", "could",
"would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are
necessarily based upon a number of assumptions that, while considered reasonable by management,
are inherently subject to business, market, and economic risks, uncertainties, and contingencies that
may cause actual results, performance, or achievements to be materially different from those
expressed or implied by forward-looking statements. Although the Company has attempted to identify
important factors that could cause actual results to differ materially from those contained in forward-
looking information, there may be other factors that cause results not to be as anticipated, estimated,
or intended. There can be no assurance that such information will prove to be accurate, as actual
results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking information. Other factors
which could materially affect such forward-looking information are described in the risk factors in the
Company's most recent annual management's discussion and analysis, which is available on the
Company's profile on SEDAR+ at
www.sedarplus.ca
. The Company does not undertake to update any
forward-looking information, except in accordance with applicable securities laws.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/236539