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Westhaven Gold Advances Low Cost Exploration & Development
Updated 2025 Preliminary Economic Assessment Validates the Shovelnose Gold Project’s Potential as a Robust, Low Cost and High Margin Underground Gold Mining Opportunity
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Four Large Gold Properties
© Westhaven 2025
~$40M (*$0.18/share) market cap on a gold asset with a $454M after-tax NPV6% based on a US $2,400/oz gold price. At today’s record high gold price of US ~$3,200/oz, projected margin would be ~US $2,300/oz of gold produced. (*as of Aug 8, 2025)
Strong Shareholder Alignment
Management and insiders own ~17% of Westhaven with additional strategic investments from gold mining heavyweights Eric Sprott, Rob McEwen and Franco-Nevada.
Eira Thomas - Chairperson, has over 30 years of mining industry experience, including key leadership roles at Kaminak Gold, (which was sold for $520 million), Lucara Diamond, Stornoway and Aber. Eira also served as a Director of Suncor Energy for 17 years and played a central role in developing mines in Quebec and Botswana.
Ken Armstrong - President & CEO, is a mining and exploration veteran with over 30 years of experience, including two decades in executive roles across various commodities.
High Grade gold discovery at Shovelnose Project
[24.5 g/t Au]* [17m]
[37.24g/t Au]* [23m]
High Grade gold discovery at flagship Shovelnose Project Holes SN18-14, SN22-212
Excellent infrastructure in close proximity to cities, highways, and power
Excellent infrastructure in close proximity to cities, highways, and power
Updated PEA outlines the robust economics of a low cost and high margin underground gold mining opportunity
Targeting high-grade, epithermal style gold mineralization within the Spences Bridge Gold Belt in southern B.C.
Targeting high-grade, epithermal gold mineralization on 4 gold properties within Spences Bridge Gold Belt in southern B.C.
Updated PEA outlines the robust economics of a low cost and high margin underground gold mining opportunity
TSX-V: WHN
High Margin Gold
Deposits in Southern B.C.
*Please see the technical report dated April 17th, 2025 titled: Updated Preliminary Economic Assessment and Mineral Resource Estimate of the Shovelnose Gold Project, British Columbia with an effective date of February 28, 2025.
