Scottie Resources Engages Tetra Tech for Gold Mine PEA

Scottie Resources Corp ( (TSE:SCOT) ) has provided an update.

Scottie Resources Corp. has appointed Tetra Tech Inc. to lead a Preliminary Economic Assessment (PEA) for its Scottie Gold Mine Project in British Columbia’s Golden Triangle. The PEA aims to explore a high-margin direct shipping ore operation to deliver gold concentrate to Asian smelters, minimizing capital and environmental impact by eliminating the need for a gold processing plant. This strategic move is part of Scottie’s broader efforts to advance its projects, including additional technical studies like ore sorting and dense media separation, to enhance the project’s economic viability and streamline the permitting process.

Spark’s Take on TSE:SCOT Stock

According to Spark, TipRanks’ AI Analyst, TSE:SCOT is a Neutral.

Scottie Resources Corp’s stock score reflects the company’s challenging financial performance, with no operational revenue and ongoing losses. While the absence of debt and recent positive corporate developments provide some support, these factors are overshadowed by the bearish technical indicators and negative valuation metrics. The new project launch offers a glimmer of hope but requires successful execution to positively impact the stock.

To see Spark’s full report on TSE:SCOT stock, click here.

More about Scottie Resources Corp

Scottie Resources Corp. is a mining company that holds a 100% interest in the Scottie Gold Mine Property, which includes the Blueberry Contact Zone and the high-grade, past-producing Scottie Gold Mine. The company also owns interests in the Georgia Project, Cambria Project properties, and the Sulu and Tide North properties, covering approximately 58,500 hectares in the Stewart Mining Camp in the Golden Triangle. Scottie’s focus is on expanding known mineralization around past-producing mines and advancing high-grade gold targets near these sites.

Average Trading Volume: 33,848

Technical Sentiment Signal: Sell

Current Market Cap: C$43.72M

See more insights into SCOT stock on TipRanks’ Stock Analysis page.