Freeman Gold files NI 43-101 report on Lemhi; US$1.03B NPV, 45.4% IRR

Canada NewsWire

Feasibility Study base case confirms US$695.6 million after-tax NPV(5%), 34.4% IRR and 2.5-year payback at US$3,650/oz gold, with a 1.0 1 million ounce Proven & Probable reserve over a 15.2-year mine life

VANCOUVER, BC , Aug. 13, 2026 /CNW/ -- Freeman Gold Corp. (TSXV: FMAN) (OTCQX: FMANF) (FSE: 3WU) (" Freeman " or the " Company ") is pleased to announce that, further to its news release dated June 29, 2026 , it has filed the National Instrument 43-101 (" NI 43-101 ") technical report (the " Technical Report ") supporting the Feasibility Study (the " FS ") for its 100%-owned Lemhi Gold Project in Idaho, USA (the " Project "). The Technical Report, titled "Lemhi Gold Project NI 43-101 Technical Report and Feasibility Study, with an effective date of June 29, 2026", was prepared by Ausenco Engineering Canada ULC together with independent Qualified Persons, and is available here and under the Company's profile on SEDAR+ at www.sedarplus.ca and on the Company's website.

The FS base case uses a gold price of US$3,650 per ounce. The Technical Report's sensitivity analysis demonstrates the Project's significant leverage to gold prices: at US$4,350 per ounce — approximately current spot pricing — the Project's after-tax NPV(5%) increases to US$1.03 billion, with an after-tax IRR of approximately 45.4% and a payback period of approximately 1.9 years.

Feasibility Study Highlights

"Ausenco's recommendation to advance Lemhi directly into detailed engineering and permitting provides strong independent validation of the project's technical and economic strength," commented Paul Matysek, Executive Chairman. "The Feasibility Study reinforces what we have long believed: Lemhi is one of the highest-quality undeveloped oxide gold projects in th