The KE Report Snowline Gold - PEA Recap & Exploration Update: New Targets And Continued Drilling
Aug 12, 2025
Scott Berdahl, CEO of Snowline Gold, shares insights into the impressive preliminary economic assessment of the Valley deposit, projecting 6.8 million ounces of gold over two decades. He highlights strong early cash flow potential and low operating costs, making it an enticing investment. The conversation also touches on a 30,000m drill program planned for 2025, unveiling new targets and aiming for both infill and resource expansion. Berdahl emphasizes a strategic approach to maintain development pace while exploring new opportunities in the region.
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High-Production, Low-Cost Profile
- The Valley PEA shows 6.8M payable ounces and ~544,000 oz/year in early years, delivering strong early cash flow.
- Low strip ratio (0.14:1) and moving ~17M tons/year drive very low AISC under US$600/oz initially.
PEA Is Conservative Baseline
- The PEA is a baseline case using conventional choices like diesel gensets and a single large shovel mill throughput.
- Scott expects optimization opportunities (power, throughput) that could improve NPV before PFS.
Run Optimization Before PFS Finalization
- Prioritize PFS work to evaluate trade-offs such as power sourcing and mill throughput for value optimization.
- Use sensitivity studies to find a throughput sweet spot rather than fixing on the single-shovel design.