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GLDGBullishCorporate Developmentsnews

High materiality7/10

GoldMining appoints veteran director to advance São Jorge into pre-feasibility

Oct 14, 2026, 6:51 AM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

New leadership and explicit pre-feasibility/infilling milestones reduce execution risk and can re-rate São Jorge's optionality; however, no guarantees on financing or final development decisions.

AI summary

What happened, with direct paths to the underlying reporting

GoldMining named Alexandre Pimenta as Project Director for its 100%-owned São Jorge Gold Project in Pará, Brazil, signaling a push into pre-feasibility studies and an infill drilling program. With 25+ years in mining and Brazil project delivery, he is expected to sharpen execution and value realization. The June 2026 PEA shows US$532 million NPV5% and a 42.4% IRR at US$3,500/oz, implying meaningful upside if the project progresses.

GoldMining appoints Alexandre Pimenta as São Jorge Director. Pre-feasibility work and infill drilling to start.
Pimenta has 25+ years in mining; leads technical studies.
PEA for São Jorge shows US$532M NPV5% and 42.4% IRR at US$3,500/oz.
São Jorge PEA: 5,500 tpd (1.9 Mtpa) over 10.6 years.
Tocantinzinho nearby produced 171,871 oz in 2025; not indicative.

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