Gwen Preston, Communications VP at West Red Lake Gold (WRLGF 🇺🇸- WRLG 🇨🇦)gave us a sponsor update after releasing its pre-feasibility study (PFS) for the Madsen Mine restart in Ontario.

Key points:

•• Ultra-Conservative PFS Results 🛡️

: The study uses a low cut-off gold price of $2,200/oz (well below the current price of $2,675+), showing 6+ years of production at nearly 70,000 ounces per year with an impressive 255% IRR! 📈

•• Imminent Production: Bulk sample processing begins in March 2025, with full production expected by the end of Q2 2025.

•• Major Upside Potential : Higher tonnage and longer mine life are expected beyond the conservative PFS, with potential cost savings and increased production efficiency.

•• Funding Secured : A $35M US debt facility ensures finances are in place to make the restart a success. ••

Leadership Excellence 🛠️: CEO Shane Williams is spearheading his 6th successful mine restart, showcasing hands-on expertise.

The Madsen Mine is now poised for a profitable return to production; Gwen describes how the team continue to meet the challenges to turn this high-grade underground gold mine into a world-class operation. 🌍

👉 For updates and news, visit https://WestRedLakeGold.com

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