Rhea‑AI Summary
Scottie Resources (OTCQB:SCTSF) announced the sale of a bulk sample from the Bend Vein pit at the Scottie Gold Mine Project. Approximately 4,588 wet tonnes have been crushed to ½‑inch size and assayed at an average 15.89 g/t gold and 42.28 g/t silver. The cargo is slated for export on 10–12 Dec 2025, with a 90 % upfront payment based on $4,100/oz gold and $49.50/oz silver, and the remaining 10 % payable after final assay reconciliation. Net proceeds of roughly C$9 million will be allocated to the upcoming feasibility study and permitting work. The company also expanded a flow‑through financing to a maximum of 11,327,420 shares, targeting gross of up to $24.24 million.
Positive Highlights
- Estimated C$9 million in net revenue from the bulk‑sample sale
- Preliminary grades of 15.89 g/t gold and 42.28 g/t silver
- 4,588 tonnes of crushed product prepared for export
- Represents roughly 10 days of full‑production output per the 2025 PEA
- Upsized flow‑through financing to $24.24 million (11,327,420 shares)
Potential Risks
- Final 10 % payment contingent on assay reconciliation
- Bulk‑sample economics exclude certain overheads and taxes
- Bend Vein resource is modest – 25,000 tonnes containing 8.9 koz inferred gold
- Export window in December 2025 introduces short‑term logistics risk
Vancouver, British Columbia – Dec 1 2025 – Scottie Resources Corp. (TSXV:SCOT) reported that its bulk‑sample program at the Bend Vein pit has transitioned from mining to export. After receiving the bulk‑sample permit in late July, the company mobilized contractors, executed mining, crushing, and transport operations, and now awaits vessel loading in mid‑December.
Operational Overview
The bulk‑sample effort was designed to mirror the workflow envisioned for future Direct Ship Ore (DSO) operations. The 4,588 tonnes of ½‑inch product originated from a series of controlled blasts, hand‑sorting under geologist supervision, primary jaw crushing to 4‑inch size, and secondary cone‑crushing to the final specification. Material was then stockpiled at a Stewart‑area bulk terminal pending shipment to an Ocean Partners facility in Taiwan.
Commercial Terms
Under the sales agreement, 90 % of the invoice value is payable five days after the vessel departs, priced at $4,100/oz gold and $49.50/oz silver. The remaining 10 % will be settled once final laboratory assays are completed at the buyer’s Taiwan facility. This “advance price” structure locks in futures‑based from the LME, providing price certainty while the cargo is in transit.
Financial Implications
Provisional revenue from the transaction is projected at C$9 million before taxes and overhead. The cash influx is earmarked for the next‑phase feasibility study, permitting activities, and continued drilling across the broader Scottie Gold Mine Property, which spans roughly 58,500 ha in British Columbia’s Golden Triangle.
Technical Insights from the Bulk Sample
- Bond Work Index (Grinding Energy): Measured at 11.8 kWh/tonne, indicating a medium‑hard ore comparable to cement or tin concentrates and more favorable than the 15.2 kWh/tonne recorded at the Brucejack project.
- Crushing & Abrasion Indices: Work Index (CWi) of 11.46 kWh/tonne and abrasion index (Ai) of 0.119 suggest that a jaw or impact crusher will efficiently achieve the target size with limited wear.
- Grade‑to‑Size Distribution: Initial testing shows that gold partitions preferentially into finer fractions, a key consideration for downstream ore‑sorting technology.
- Particle Size Distribution (PSD): Approximately 21 % of the material falls into the “fine” fraction (<150 µm), informing screen deck design and indicating potential yield improvements from advanced sorting equipment.
Strategic Significance of the DSO Model
The bulk‑sample execution serves as a “dry run” of the DSO concept, demonstrating that mining, crushing, logistics, and off‑take can be coordinated within a single season. By validating the supply chain, Scottie reduces execution risk for full‑scale production, which the 2025 Preliminary Economic Assessment (PEA) estimates could generate 65,400 oz of gold annually with an after‑tax NPV of $216–$668 million (5 % discount) and a relatively low capital requirement of $128.6 million.
Financing Update
In response to strong investor demand, Scottie expanded its non‑brokered private placement. The offering now comprises up to 11,327,420 charity flow‑through common shares at $2.14 per share, targeting gross proceeds of $24.24 million. Proceeds will be directed toward Canadian exploration expenditures that qualify as flow‑through mining expenses under the Income Tax Act, thereby providing tax benefits to investors while fueling project development.
Quality Assurance
All bulk‑sample assays were performed by SGS Minerals (Burnaby, BC) and MSA Labs (Prince George, BC) using photon assay for gold and four‑acid digestion with ICP‑AES for base metals. A strict chain‑of‑custody protocol was maintained throughout sampling, transport, and analysis.
Company Outlook
<pScottie Resources controls 100 % of the Scottie Gold Mine Property, anchored by a historic high‑grade vein system and adjacent high‑potential targets such as the Blueberry Contact Zone. The current inferred resource of 3.6 Mt at 6.1 g/t gold (703 koz) underpins the PEA’s attractive economics and leaves ample room for resource expansion through ongoing drilling campaigns.
Key Takeaways
- Successful bulk‑sample sale validates the DSO supply chain and generates immediate cash flow.
- Preliminary grades (15.89 g/t Au, 42.28 g/t Ag) are significantly above the PEA cut‑off, suggesting upside potential.
- Technical data from the sample will inform crusher sizing, screen deck design, and ore‑sorting economics.
- Upsized flow‑through financing strengthens the balance sheet ahead of the feasibility study.
FAQ
How many tonnes were prepared for export?
The company prepared an estimated 4,588 wet tonnes of crushed product for shipment.
What were the preliminary assay grades?
Preliminary assays averaged 15.89 g/t gold and 42.28 g/t silver.
When is the cargo expected to be loaded?
Vessel loading is scheduled for 10–12 Dec 2025, with a 90 % provisional payment due five days after sailing and a 10 % final reconciliation thereafter.
How does the bulk sample relate to the project’s production schedule?
The bulk sample is equivalent to roughly ten days of full‑production output as defined in the 2025 PEA.
How will the proceeds be used?
Net proceeds are earmarked for the feasibility study, permitting work, and continued exploration.
What financing update was announced?
The company increased its charity flow‑through offering to up to 11,327,420 shares at $2.14 each, targeting gross proceeds of $24.24 million.
Original article, Author: Jam. If you wish to reprint this article, please indicate the source:https://aicnbc.com/13830.html
