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PEA demonstrates strong economics of DoubleView's Hat project

3rd March 2026

By: Creamer Media Reporter

     

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A preliminary economic assessment (PEA) of Doubleview Gold Corp's polymetallic Hat porphyry project, in British Columbia, has demonstrated robust project economics, with a post-tax net present value (NPV) of up to C$6.94-billion and an internal rare of return (IRR) of up to 23% at consensus prices.

The project is positioned as a primary North American source of copper, scandium and cobalt, with about 2.42-billion pounds of copper, 80-million pounds of cobalt and 2 415 t of scandium oxide contained in the measured and indicated categories.

"The results of this PEA confirm the scale, strength and long-term potential of the Hat project. Delivering a post-tax NPV of up to C$6.94-billion and IRR of up to 23% at consensus prices, and even stronger metrics at spot prices, validates years of disciplined exploration and technical work by our team.

"Hat is demonstrating Tier 1 characteristics with a 25-year mine life, strong annual production profile and meaningful free cash flow generation. Importantly, the project stands on its own without reliance on scandium, while still preserving significant upside from critical minerals as markets mature. We are excited to advance Hat to prefeasibility and continue building a major Canadian critical metals project," says Doubleview president and CEO Farshad Shirvani.

The PEA contemplates a conventional openpit mine and processing operation with a 25-year mine life at a 120 000 t/d plant throughput.

The project is expected to produce an average of over 74 000 t/y of copper, 254 000 oz/y of gold, 376 000 oz/y of silver and 2 700 t/y of cobalt during the first ten years, with life-of-mine average production of 67 600 t/y of copper, 217 000 oz/y of gold, 348 000 oz/y of silver, 2 500 t/y of cobalt and 128 t/y of scandium oxide.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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