U.S. Gold Corp Sees $1.3B NPV at Spot Prices and 900,000 Oz Upside
U.S. Gold Corp’s feasibility study for the CK Gold Project in Wyoming estimates an after-tax NPV (5%) of $632M at base metal prices and $1.3B at current spot rates. Management plans pit expansion to tap 900,000 AuEq oz, boost gold recovery from 70% to 95%, and monetize waste rock.
1. Feasibility Study Results
The CK Gold Project’s feasibility study establishes a standalone after-tax NPV (5%) of $632 million using $3,250/oz gold, $4.50/lb copper and $40/oz silver, rising to $1.3 billion at spot prices of $4,500/oz gold, $5.50/lb copper and $70/oz silver. The study confirms full permitting and shovel-ready status supporting a construction decision in 2026.
2. Value Enhancement Opportunities
Management is evaluating multiple initiatives beyond the baseline plan, including pit expansion to access approximately 900,000 AuEq ounces, conversion of inferred resources through step-out drilling, metallurgical improvements to raise gold recoveries from ~70% toward 95%, and monetization of granodiorite waste rock for aggregate and rail ballast.
3. Next Steps and Development Plan
With project financing to be finalized, U.S. Gold Corp will advance its drill plan to define blue-sky resource upside, assess additional processing techniques, and pursue partnerships to commercialize aggregate feedstock, transitioning from project definition to value optimization and margin enhancement.