West Vault Mining Inc.

Description

West Vault Mining Inc. is a Nevada-focused gold-silver developer holding 100% of the permitted Hasbrouck Gold Project near Tonopah. The investment case is a construction-ready, all-oxide project with relatively low initial capital, simple staged heap-leach processing, strong shareholder alignment and significant leverage to higher gold and silver prices.

The January 2023 PFS sequences the Three Hills Mine ahead of the larger Hasbrouck Mine. Proven and Probable reserves total approximately 44.0 Mt containing 753 koz Au and 10.5 Moz Ag, with recoverable metal of approximately 561 koz Au and 1.918 Moz Ag. The PFS reports US$206M after-tax NPV5 and 51% IRR at US$1,790/oz gold and US$22.50/oz silver, US$66M initial capital, US$877/oz AISC and an approximately eight-year operating period.

Management's stated strategy is to preserve the asset and limit dilution until a build, financing, partnership or sale can create acceptable per-share value.

List of Projects:

Project 1: Three Hills Mine, Nevada, USA — Gold
First-stage run-of-mine oxide heap-leach project. Probable reserve totals approximately 9.65 Mt containing 175 koz Au. The PFS indicates approximately 12–15 months to first pour after a construction decision.

Project 2: Hasbrouck Mine, Nevada, USA — Gold, Silver
Second-stage crushed-ore heap-leach development approximately five miles from Three Hills. P&P reserves total approximately 34.37 Mt containing 578 koz Au and 10.50 Moz Ag. The PFS assumes development funded partly from Three Hills cash flow.

Project 3: Hill of Gold, Nevada, USA — Gold
Permitted 25-claim satellite property covering approximately 500 acres, located about 2.5 miles from Three Hills. It may provide supplemental heap-leach feed, but no standalone value is included in the Forecast.

Project 4: Royalty Interests — Gold / Silver Optionality
Includes the company-owned 1.1% NSR on Hasbrouck plus a US$1M commercial-production payment, a 1% Matlack & McDowell NSR southeast of Hasbrouck, and a 2% royalty on sold satellite claims.

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List of projects

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