What's Happening?
Freeman Gold Corp. has announced significant achievements for its Lemhi Gold Project in Idaho throughout 2025. The company completed its Phase 4 metallurgical test work, achieving an average gold recovery
rate of 95.4% using a conventional carbon-in-leach process. This result underscores the project's robust processing characteristics and low-risk environmental profile. Additionally, Freeman Gold raised $10.5 million through private placements and convertible debentures, strengthening its financial position to advance exploration and feasibility work. The company also reported high-grade drill results from a 33-hole program, confirming resource expansion potential. These developments position Freeman Gold for further growth and a potential production decision.
Why It's Important?
The advancements at the Lemhi Gold Project are crucial for Freeman Gold Corp. as they enhance the project's economic viability and attractiveness to investors. The high gold recovery rates and successful financing efforts indicate strong project fundamentals and investor confidence. With a post-tax Net Present Value of approximately $876 million and an internal rate of return of 57.4% at a gold price of $3,400 per ounce, the project demonstrates significant leverage to gold prices. These factors could lead to increased investment and development in the region, potentially boosting local economies and contributing to the U.S. mining sector's growth.
What's Next?
Freeman Gold plans to release an updated Mineral Resource Estimate in early 2026, incorporating the 2025 drilling results. This estimate will be a critical component of the feasibility study, expected in April 2026, which will guide the company's decision on moving the Lemhi Project towards production. The outcomes of these studies will likely influence investor decisions and the project's future development trajectory. Stakeholders, including local communities and environmental groups, will be closely monitoring these developments for potential impacts on the region.
