• Cassiar Gold owns a 59,000-hectare project in northern British Columbia with 2.3 million total ounces of gold resources (1.9 million inferred at 0.95 g/t and 410,000 indicated at 1.43 g/t), featuring mineralization starting from surface with significant expansion potential across five past-producing mines.
• The company possesses rare infrastructure advantages including existing mine permits, road access, and a fully owned and permitted mill, positioning it to potentially achieve production within three years compared to the industry average of 18 years from discovery to production.
• Current drilling programs target both the established Taurus deposit for resource expansion and the promising Newcoast prospect located 2 kilometers south, which spans a footprint three times larger than Taurus with similar mineralization characteristics and recent drilling extending to unprecedented 720-meter depths.
• The orogenic gold system features dual mineralization styles offering operational flexibility, with bulk tonnage averaging 1 g/t suitable for large-scale operations and discrete high-grade veins averaging 3 meters wide grading 10-20 g/t for selective mining approaches.
• Multiple near-term catalysts include drill results through year-end, metallurgical results in Q1 2026, and a Preliminary Economic Assessment in the first half of 2026, all positioned to benefit from current gold prices above $3,600 per ounce and increasing institutional interest in infrastructure-advantaged projects.

Cassiar Gold presents a compelling investment opportunity in the current gold market environment, combining substantial resources with rare infrastructure advantages that position the company for accelerated development timelines. With gold prices reaching new highs at $3,600 and institutional capital increasingly focused on projects with near-term production potential, Cassiar Gold's unique combination of scale, infrastructure, and strategic location in northern British Columbia offers investors exposure to a development story with multiple catalysts ahead.

Substantial Resource Base with Expansion Potential

The company's flagship project encompasses 59,000 hectares in northern British Columbia, hosting five past-producing mines that provide both historical validation and existing infrastructure. The current resource inventory stands at 1.9 million ounces of inferred resources grading 0.95 g/t, complemented by 410,000 ounces of indicated resources at 1.43 g/t. Critically, this mineralization starts from surface and remains open for expansion, providing a foundation for both immediate development planning and long-term growth.

President and CEO Marco Roque emphasizes the exploration upside:

"We've barely scratched the surface on our project and we cannot deny the exploration potential. We have low hanging fruits to continue to expand."

The ongoing 7,000-meter drill program, expanded from an initial 5,000-meter commitment, targets both resource expansion at the established Taurus deposit and definition of the Newcoast target, located just 2 kilometers south of Taurus.

The Newcoast prospect represents particularly compelling exploration potential, with nine drill holes to date all showing mineralization with similar characteristics to the Taurus deposit. The target area spans 4 kilometers by 800 meters, representing a footprint three times larger than Taurus. Recent drilling has extended to unprecedented depths for the company, with one hole reaching 720 meters compared to the typical 150-meter depth that contains 90% of Taurus ounces, suggesting significant vertical expansion potential.

Infrastructure Advantages Create Timeline Acceleration

Cassiar Gold's most significant competitive advantage lies in its existing infrastructure, a rare asset in the exploration and development sector. The project includes mine permits, road access, and a fully owned and permitted mill, infrastructure elements that typically require years to develop and permit. This existing framework positions the company to potentially achieve production within three years for bulk tonnage operations, compared to the industry average of 18 years from discovery to production.

The infrastructure advantage extends beyond physical assets to regulatory positioning. While the company will need to go through a re-permitting process to modify existing permits for expanded operations, starting from a position of having mine permits provides a significant head start in the regulatory approval process. As Roque reports:

"A key piece of work that we're doing right now to advance and this is more relevant to the bulk tonnage production is we're bringing in a weather station because we need two years of that. We want to install this fall and we need two years of weather data to get through the environmental permitting process as well."

The Cassiar South area presents an even more accelerated pathway to production, featuring a fully owned and permitted mill designed specifically for that area, complete with infrastructure, access, and power connections. The area includes 25 kilometers of existing underground workings connecting surface infrastructure to high-grade veins. However, the company requires additional resource definition work to establish sufficient inventory for a meaningful mine life in this area.

Interview with President & CEO Marco Roque

Geological Setting Supports Multiple Development Pathways

The orogenic nature of the gold system provides both geological predictability and multiple development options. Roque explains that orogenic gold systems tend to be relatively homogeneous, quite pervasive, big and long-lived, characteristics that support both bulk tonnage operations and selective high-grade mining approaches.

The deposit features two distinct mineralization styles that offer operational flexibility. The bulk tonnage component, grading approximately 1 g/t, provides the foundation for large-scale operations suitable for major mining companies seeking substantial annual production profiles. Simultaneously, discrete high-grade veins averaging 3 meters wide with grades between 10-20 g/t offer opportunities for higher-margin selective mining operations.

This dual character addresses different market segments and provides operational flexibility based on market conditions and financing availability. The bulk tonnage component appeals to mid-tier and major mining companies requiring scale, while the high-grade component offers potential for earlier cash flow generation through smaller-scale operations.

Economic Studies and Near-Term Catalysts

The company is advancing toward key technical milestones that will define the economic parameters of the project. Metallurgical results are expected in the first quarter of 2026, informed by historical production data from the five past-producing mines on the property. Historical records show gravity and flotation methods achieved 80-90% recoveries, providing confidence in processing approaches.

The Preliminary Economic Assessment (PEA) is scheduled for the first half of 2026, representing a critical catalyst for the company. This study will translate the geological and infrastructure advantages into economic terms, providing investors with production scenarios, capital requirements, and return projections. The PEA timing positions Cassiar Gold to benefit from the current elevated gold price environment in its economic modeling.

Strategic Vision and Market Positioning

Management has articulated a clear strategic vision focused on demonstrating value from existing resources while systematically expanding the resource base. The approach balances near-term value creation through advancing known resources toward production with longer-term growth through systematic exploration of the broader land package.

Roque's perspective on current market conditions reflects optimism about the sector's momentum:

"We have a good combination strategics, new funds, current shareholders and some banks as well. The sector is buzzing."

This environment creates favourable conditions for advancing development projects and securing financing for expansion programs.

The company's strategic positioning acknowledges different investor preferences and risk tolerances. While some investors focus on near-term cash flow potential, others seek exposure to longer-term resource expansion stories. Cassiar Gold's dual pathway approach addresses both investment themes, providing multiple value creation opportunities across different timeframes.

The Investment Thesis for Cassiar Gold

• Infrastructure Advantage: Leverage existing mine permits, road access, and owned mill to achieve production timelines significantly faster than industry averages, reducing development risk and capital requirements.
• Resource Scale and Growth: Invest in a project with substantial existing resources (2.3 million ounces total) that remains open for expansion, with active drilling programs targeting resource growth at established and new targets.
• Multiple Development Pathways: Benefit from operational flexibility through both bulk tonnage mineralization suitable for large-scale operations and high-grade veins offering earlier cash flow potential.
• Favorable Jurisdiction: Gain exposure to a British Columbia-based project with established mining infrastructure and regulatory framework, providing political stability and operational predictability.
• Near-Term Catalysts: Position for multiple value-creation events including drill results through year-end, PEA results in first half 2025, and metallurgical results in Q1 2026.
• Market Timing: Capitalize on current gold market strength and increasing institutional interest in projects with near-term production potential and existing infrastructure.
• Management Experience: Back a management team with demonstrated experience in advancing projects to production, providing execution credibility for development timelines.

The Cassiar Gold opportunity represents a unique combination of resource scale, infrastructure advantages, and development optionality in a favorable market environment. The company's existing resource base provides immediate economic study potential, while the broader land package offers substantial exploration upside. The infrastructure advantages create genuine competitive differentiation in timeline and capital efficiency, addressing key investor concerns about development risk and extended timelines.

With multiple catalysts scheduled over the next 18 months and management's systematic approach to value creation, Cassiar Gold positions investors for participation in both near-term development milestones and longer-term resource expansion potential.

Macro Thematic Analysis: Infrastructure-Leveraged Gold Development

The broader gold sector is experiencing renewed institutional interest driven by macroeconomic uncertainty, currency debasement concerns, and central bank purchasing programs. Within this environment, projects with existing infrastructure and accelerated development timelines command premium valuations as investors increasingly focus on execution risk mitigation and capital efficiency.

Cassiar Gold exemplifies this infrastructure-leveraged development theme, representing a new category of gold investments that bridge traditional exploration and development stage classifications. The company's existing mine permits, processing facilities, and access infrastructure address the primary concerns that have historically deterred institutional investment in development-stage projects: regulatory uncertainty, extended timelines, and capital intensity.

The macro trend toward infrastructure-advantaged projects reflects institutional investors' evolved understanding of mining development risks. Traditional greenfield development projects face increasing challenges from extended permitting timelines, community opposition, and capital cost inflation. Projects with existing infrastructure offer reduced exposure to these risks while maintaining upside exposure to resource expansion and production growth.

Market dynamics further support this investment thesis. Current gold prices above $3,600 per ounce provide robust economic margins for gram-per-ton mineralization starting from surface, while infrastructure advantages reduce the capital intensity typically required for development. The combination creates attractive return profiles without the extended development timelines that have historically challenged investor patience in the mining sector.

TL;DR

Cassiar Gold offers a rare combination of 2.3 million ounces of gold resources with existing mine permits and processing infrastructure in British Columbia, positioning the company to achieve production in 3 years versus the industry average of 18 years. With gold above $3,600/oz, active drilling programs expanding resources, and multiple catalysts through 2026 including economic studies, the company represents an infrastructure-advantaged development story with reduced execution risk and accelerated timelines.

Frequently Asked Questions (FAQs) AI-Generated

Q: What makes Cassiar Gold different from other gold development companies?

‍A: Cassiar Gold's key differentiator is its existing infrastructure including mine permits, road access, and a fully owned and permitted mill. These assets typically take years to develop and permit, allowing Cassiar to potentially achieve production within 3 years compared to the industry average of 18 years from discovery to production.

Q: How large are Cassiar Gold's current resources and what is the expansion potential?

‍A: The company currently has 2.3 million total ounces of gold resources (1.9 million inferred at 0.95 g/t and 410,000 indicated at 1.43 g/t). The resources start from surface and remain open for expansion. The ongoing 7,000-meter drill program targets both the established Taurus deposit and the promising Newcoast prospect, which has a footprint three times larger than Taurus.

Q: What are the key upcoming catalysts for investors?

‍A: Near-term catalysts include drill results through year-end 2025, metallurgical results in Q1 2026, and the Preliminary Economic Assessment (PEA) in the first half of 2026. The PEA will be particularly important as it will translate the geological and infrastructure advantages into economic terms with production scenarios and return projections.

Q: What are the different development pathways for the project?

‍A: The orogenic gold system offers dual development approaches: bulk tonnage mineralization averaging 1 g/t suitable for large-scale operations appealing to major mining companies, and discrete high-grade veins averaging 3 meters wide grading 10-20 g/t for selective mining that could generate earlier cash flow through smaller-scale operations.

Q: How does the current gold price environment benefit Cassiar Gold?

‍A: With gold prices above $3,600 per ounce, the company's gram-per-ton mineralization starting from surface provides robust economic margins. The elevated prices strengthen the economic case for both bulk tonnage and high-grade mining approaches, while the infrastructure advantages reduce capital intensity typically required for development, creating attractive return profiles.