Bravada Gold Company (TSXV: BVA,OTC:BGAVF) (FSE: BRTN) (the “Firm” or “Bravada”) stories at this time that it has filed a technical report (the “Report”) ready in accordance with Canadian Securities Directors’ Nationwide Instrument 43-101 (“NI 43-101”). The Report could also be discovered beneath the Firm’s profile at https:www.sedarplus.ca and on Bravada’s web site https:bravadagold.com.
The Report dated October 23, 2025 and entitled “Up to date Technical Report and Preliminary Financial Evaluation, Wind Mountain Gold-Silver Venture”, positioned in Washoe County, Nevada, was ready by RESPEC Firm LLC (“RESPEC”, previously Mine Improvement Associates), and Woods Course of Providers. The Report presents an up to date, impartial In-pit Useful resource as a part of its on-going Pre-Feasibility Examine (PFS).
Highlights in comparison with Bravada’s 2022 Useful resource:
- Indicated Assets elevated by 15% for gold and 20% for silver.
- Inferred Assets elevated by 292% for gold and 490% for silver. The massive proportion improve is partly attributable to a lot of the overlying low-grade gold and silver mineralization that was in 2022 thought of waste now being thought of worthwhile to mine and leach.
- Strip ratio of waste to mineralization decreased from 0.58:1 to 0.36:1.
- Potential mine life of the In-pit Useful resource for a mining operation just like that modeled as Part I within the 2022 PEA elevated from 4.2 years to over 10 years.
Notice – Mineral Assets that aren’t Mineral Reserves do not need demonstrated financial viability. Readers are reminded that the preliminary financial evaluation is preliminary in nature and contains inferred mineral sources which might be thought of too speculative geologically to have the financial issues utilized to them, which might allow them to be categorized as mineral reserves. There is no such thing as a certainty that the preliminary financial evaluation shall be realized, and the reader is suggested to learn notes from the certified individuals concerning the Useful resource Replace, that are offered under the pit-constrained Useful resource desk.
Along with the up to date Pit-constrained Useful resource, different potential sources could be developed with further drilling on the North Finish goal, the South Finish goal, and inside historic leach pads and waste rock piles, the place the Firm has recognized probably recoverable gold and silver.
President Joe Kizis commented, “Bravada’s 2022 Preliminary Financial Evaluation (“PEA”) demonstrated favorable economics for an open-pit mining operation using a small heap-leach pad website instantly downhill from the Breeze Open Pit. With elevated costs in valuable steel costs and extra leach pad websites now recognized, the present Report signifies potential for considerably extending mine life to over 10 years. The Firm’s updating of the In-pit Useful resource and supreme development of Wind Mountain by the PFS stage are necessary steps in Wind Mountain’s improvement.”
There aren’t any materials variations within the Mineral Useful resource or the Part I PEA outcomes contained within the Report from these disclosed within the September 9, 2025 information launch.
Complete Pit-constrained Useful resource
RESPEC Firm, LLC utilized the approximate 3-year trailing-average, base-case value of US$2,400 per ounce of gold and $28.80 per ounce of silver to replace the pit-constrained useful resource tabulated under.
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Notes:
- The Efficient Date of the Wind Mountain mineral sources is September 03, 2025.
- The estimate of mineral sources was achieved by RESPEC in Imperial tons.
- Mineral Assets comprised all mannequin blocks at a 0.004oz Au/ton cut-off for Oxide, 0.008oz Au/ton for Blended, and 0.009 oz Au/ton for Unoxidized materials inside an optimized pit.
- The challenge mineral sources are block-diluted Mineral Assets probably amenable to open pit mining strategies and reported inside optimized pits utilizing a gold value of US$2,400/oz, a silver value of US$28.80/oz and a throughput fee of 20,000 tons/day leading to a possible mine lifetime of 11 years with a possible strip ratio of 0.36:1 waste:mineralization.
- Assumed metallurgical recoveries for gold are 62% for oxide, 20% for combined and 15% for unoxidized. Assumed mining prices are US$3.00/ton mined, heap leach processing prices of US$3.29/ton processed, basic and administrative prices of $0.66/ton processed. Gold and silver commodity costs had been chosen primarily based on evaluation of the approximate three-year working common.
- Materials in waste dumps and heap leach pads are NOT included within the present mannequin and useful resource.
- Mineral Assets that aren’t Mineral Reserves do not need demonstrated financial viability.
- The estimate of mineral sources could also be materially affected by geology, environmental, allowing, authorized, title, taxation, sociopolitical, advertising and marketing, or different related points.
- Rounding might lead to obvious discrepancies between tonnes, grade, and contained steel content material.
RESPEC notes that further research corresponding to additional metallurgical research to judge crushing higher-grade parts of the deposit and grid drilling to delineate financial parts of the beforehand mined “waste rock”, that are given no worth within the present mannequin, may additional improve the economics. For instance, RESPEC notes that within the 2022 PEA, 1.1million tons of historic mine waste is at present labeled as “waste” and have to be eliminated throughout Part I mining; nevertheless, outcomes of restricted drilling, floor sampling, and trenching by Bravada counsel the fabric incorporates probably recoverable gold.
The vast majority of the technical report dated January 20, 2023 is unchanged, together with outcomes of the Preliminary Financial Evaluation, apart from Sections 1 (Abstract) and 14 (Mineral Assets). RESPEC, Woods Course of Providers, and Debra Struhsacker, Bravada’s Environmental Allowing and Authorities Relations Guide, compiled the technical report. Thomas Dyer, P.E. is a Principal Engineer for RESPEC and is answerable for sections of the technical report involving mine designs and the financial analysis; Michael Lindholm, C.P.G., is a Principal Geologist for RESPEC, and is answerable for the sections involving the Mineral Useful resource estimate; Jeffery Woods, SME MMSA QP, is an impartial Principal Consulting Metallurgist with Woods Course of Providers and is answerable for the sections on course of 13, 17 and 21. The PEA depends on Debra Struhsacker as an knowledgeable in allowing. Thomas Dyer, Michael Lindholm and Jeffery Woods are the Certified Individuals of the technical report for the aim of Canadian NI 43-101, Requirements of Disclosure for Financial Analyses of Mineral Initiatives.
About Wind Mountain
The past-producing Wind Mountain gold/silver challenge is positioned roughly 160km northeast of Reno, Nevada in a sparsely populated area with wonderful logistics, together with county-maintained street entry and an influence line to the property. AMAX Gold/Kinross Gold recovered practically 300,000 ounces of gold and over 1,700,000 ounces of silver between 1989 and 1999 from two small open pits and a heap-leach operation (reported information primarily based on Kinross Gold information). Rio Fortuna Exploration (U.S.) Inc., a completely owned US subsidiary of Bravada Gold Company, acquired 100% of the property by an earn-in settlement with Agnico-Eagle (USA) Restricted, a subsidiary of Agnico-Eagle Mines Restricted, which retains a 2% NSR royalty curiosity, of which 1% could also be bought for $1,000,000 at any time previous to graduation of manufacturing. The useful resource and PEA for Wind Mountain had been up to date in April 2012 and additional up to date in November 2022, and herein in September 2025.
About Bravada
Bravada is a long-established exploration and improvement firm with a portfolio of high-quality properties in Nevada, top-of-the-line mining jurisdictions on the earth. Using a modified joint-venture enterprise mannequin, Bravada has efficiently recognized and superior properties with the potential to host high-margin deposits whereas efficiently attracting companions to fund later phases of challenge improvement. Bravada’s worth is underpinned by a considerable gold and silver useful resource with a constructive PEA examine performed in 2022 on a Part I portion of the Wind Mountain deposit, and extra Phases are being evaluated for the challenge as a part of an ongoing Pre-Feasibility Evaluation. As well as, the Firm has important upside potential from doable new discoveries at its different exploration properties.
Since 2005, the Firm has signed 33 earn-in joint-venture agreements for its properties with 20 publicly traded firms, in addition to an analogous variety of property-acquisition agreements with personal people. Bravada at present has eight tasks in its portfolio, consisting of 756 claims for roughly 5,600 ha in two of Nevada’s most prolific gold tendencies. Many of the tasks host encouraging drill intercepts of gold and have already got drill targets developed.
A number of movies can be found on the Firm’s web site that describe Bravada’s main properties, answering traders generally requested questions. Merely click on on this hyperlink https://bravadagold.com/tasks/project-videos/ .
Joseph Anthony Kizis, Jr. (AIPG CPG-11513), the President and a Director of Bravada Gold Company, is the certified particular person answerable for reviewing and getting ready the technical information offered on this launch and has authorised its disclosure.
On behalf of the Board of Administrators
Joseph A. Kizis, Jr., Director, President, Bravada Gold Company
Neither TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this launch.
This information launch might include forward-looking statements together with however not restricted to feedback concerning the timing and content material of upcoming work packages, geological interpretations, receipt of property titles, potential mineral restoration processes, and so forth. Ahead-looking statements on this information launch embody conducting a PFS for the Wind Mountain challenge. Ahead-looking statements deal with future occasions and situations and subsequently contain inherent dangers and uncertainties. Precise outcomes might differ materially from these at present anticipated in such statements. These statements are primarily based on plenty of assumptions, together with, however not restricted to, assumptions concerning basic financial situations, rates of interest, commodity markets, regulatory and governmental approvals for the corporate’s tasks, and the supply of financing for the corporate’s improvement tasks on affordable phrases. Elements that would trigger precise outcomes to vary materially from these in ahead trying statements embody market costs, exploitation and exploration successes, the timing and receipt of presidency and regulatory approvals, and continued availability of capital and financing and basic financial, market or enterprise situations. Bravada Gold Company doesn’t assume any obligation to replace or revise its forward-looking statements, whether or not on account of new data, future occasions or in any other case, besides to the extent required by relevant legislation.
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