i-80 Gold's Archimedes PEA Highlights Strong Potential With 10-Year Mine Life, $127M NPV, And High Leverage To Gold Prices

Project Economics

• Based on a $2,175/oz gold price, the Project's undiscounted after-tax cash flows(2)(3) total $212 million with an after-tax net present value(2)(3) ("NPV") of $127 million, assuming a 5% discount rate, generating a 23% internal rate of return ("IRR").
• Based on a spot gold price of $2,900/oz, the Project's undiscounted after-tax cash flows(2)(3) total $902 million with an after-tax NPV(2)(3) of $581 million, assuming a 5% discount rate, generating a IRR of 75%.
• Mine construction capital is estimated at $49 million.
• LOM development and sustaining capital is estimated at $106 million.