Integra Resources lands FAST-41 approval for DeLamar, Q3 2027 ROD, $774M NPV
Integra Resources’ DeLamar Heap Leach Project has been selected for the federal FAST-41 Transparency Program, providing a dedicated project advisor and a 15-month NEPA schedule culminating in a Record of Decision in Q3 2027. Its Feasibility Study outlines an after-tax NPV5% of $774 million and IRR of 46%.
1. Federal Permitting Milestone Accelerates DeLamar Project
Integra Resources has secured a formal federal permitting schedule from the U.S. Bureau of Land Management for its DeLamar Heap Leach Project in southwestern Idaho, establishing a clear 15-month NEPA review timeline. The process begins with a Notice of Intent in Q2 2026, followed by publication of an Environmental Impact Statement and Record of Decision by Q3 2027. This represents a material reduction of permitting uncertainty, positioning DeLamar among the most de-risked new precious-metals projects in the United States and enabling the company to advance detailed engineering and stakeholder engagement with confidence.
2. Feasibility Study Underpins Strong Economics
Integra’s December 2025 Feasibility Study for DeLamar confirms a 10-year mine life producing 1.1 million ounces of gold equivalent, with average annual output of 106,000 ounces. At base-case assumptions of $3,000/oz gold and $35/oz silver, the project delivers an after-tax NPV (5%) of $774 million and an IRR of 46%. Under current metal price environments—$4,250/oz gold and $60/oz silver—NPV expands to $1.7 billion and IRR climbs to 89%, highlighting significant leverage to sustained precious-metals strength. All-in sustaining costs average $1,480 per ounce of gold equivalent, placing DeLamar among the lowest-cost open-pit heap-leach operations in North America.
3. Inclusion in FAST-41 Transparency Program Enhances Visibility
The Permitting Council has selected DeLamar for the FAST-41 Transparency Projects Program, providing a dedicated project advisor and quarterly compliance reporting to Congress. This framework mandates publication of scheduled versus actual timelines for every federal environmental review and permit action, increasing accountability and interagency coordination. Integra’s leadership cites this designation as a strategic advantage, offering investors clear line-of-sight into the remaining regulatory pathway and reducing the likelihood of unforeseen delays during the critical permitting phase.