Probe Gold is advancing its Novador project in Canada with the awarding of all major engineering contracts for the pre-feasibility study (PFS), which is on track for completion by the end of 2025.
The PFS is a critical step in assessing the project’s viability and moving towards the feasibility study and permitting phase.
Ausenco Engineering Canada has been appointed to lead the PFS, tasked with managing project timelines, milestones and deliverables.
The company will provide technical expertise in infrastructure, metallurgy and processing, and is responsible for creating a detailed project execution plan, including capital and operational expenditure estimates.
G Mining Services will handle the mining engineering aspects of the PFS, including the design and planning for both open-pit and underground operations, as well as the development of the mining execution strategy.
Its work will encompass the necessary infrastructure and cost estimates related to mining activities.
GHD is set to manage engineering related to tailings and water management infrastructures. Leveraging the company’s ongoing work on the physical environment baseline studies, GHD will integrate its knowledge of the site and regulatory requirements into the design and solution selection process.
Probe Gold president and CEO David Palmer said: “With these key contracts in place, Probe is well positioned to advance the Novador Project into its next phase of development and deliver a robust, high-quality pre-feasibility study. By working with global leaders, Ausenco for process infrastructure, G Mining Services for mining engineering, and GHD for water and tailings management, we have strong confidence in the technical quality and scope of the work ahead.
Palmer added: “At the same time, we are making steady progress on our permitting strategy. With the successful completion of our recent financing, Probe is fully funded to advance through the next stages of regulatory and permitting work, creating meaningful value for our shareholders.”
The Novador project, spanning 202km², is home to four past-producing mines and 80% of Probe Gold’s gold resources in Val-d’Or East.
The project benefits from being located in a politically stable region with a history of low-cost mining operations, active producers and existing mills.
In addition to these developments, Probe Gold completed the acquisition of the Bermont Claims adjacent to its Monique gold deposit from Gestion Jadmine in January.
The $3m (C$4.12m) deal, which includes cash and shares, further solidifies the company’s presence in Val-d’Or, Quebec, with additional payments contingent on resource confirmation.
The transaction involved $1.5m in cash and the issuance of 894,432 shares at $1.677 each.
