Scottie Resources Unveils Maiden Mineral Resource Estimate for Gold Mine Project

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

Scottie Resources Corp. has announced a maiden Inferred Mineral Resource Estimate for its Scottie Gold Mine Project, totaling 703,000 ounces of gold. This estimate includes both underground and shallow pit resources and is optimized for a Direct Shipping Ore (DSO) concept, aiming to minimize initial capital and leverage early cashflows. The project benefits from existing infrastructure, promising a high-margin, low-cost model with quick investment payback. Scottie plans to advance to a Preliminary Economic Assessment by the end of 2025, with exploration efforts focused on converting resources from inferred to indicated and expanding high-quality targets, potentially enhancing the project’s value and appeal to stakeholders.

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. operates within the mining industry, focusing on gold exploration and development. The company is engaged in the exploration of its 100% owned Scottie Gold Mine Project, located in British Columbia, Canada, which includes historic mines and adjacent zones with significant gold deposits.

Average Trading Volume: 33,587

Technical Sentiment Signal: Sell

Current Market Cap: C$45.47M

Find detailed analytics on SCOT stock on TipRanks’ Stock Analysis page.