Wallbridge Mining Presents Fenelon Gold Project Plan Targeting 107,000 Ounces Annually

Wallbridge Mining plans to complete the Fenelon pre-feasibility study by late 2027 or early 2028, funded by an approximately CAD 56 million private placement. Cash and cash equivalents totaled approximately CAD 74 million at June 30, 2026. Fenelon's preliminary economic assessment estimates an after-tax net present value of CAD 706 million at a 5% discount rate. Initial capital is estimated at CAD 579 million, with average annual production of 107,000 gold ounces over a 16-year mine life. The assessment projects a 21% after-tax internal rate of return using a USD 2,200-per-ounce gold price. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wallbridge Mining Company Limited published the original content used to generate this news brief on October 15, 2026, and is solely responsible for the information contained therein. (C)