GoldMining adds antimony to Crucero project resource estimate

GoldMining Inc. (NYSE American: GLDG) reported an updated mineral resource estimate for its Crucero project in Peru that includes antimony for the first time, according to a company statement.

The updated estimate shows indicated mineral resources of 42.7 million tonnes at 1.26 grams per tonne gold equivalent for 1.74 million ounces gold equivalent. Inferred mineral resources total 34.9 million tonnes at 0.93 grams per tonne gold equivalent for 1.04 million ounces gold equivalent.

Antimony contributes approximately 25% of the indicated gold equivalent ounces and 29% of the inferred gold equivalent ounces in the new estimate. The company said indicated gold equivalent ounces increased by approximately 75% compared to the previous 2017 mineral resource estimate.

The estimate uses long-term average prices of $3,110 per ounce for gold and $28,700 per tonne for antimony. CEO Alastair Still noted that current gold spot prices are trading near $5,000 per ounce.

Global Mineral Resource Services prepared the updated estimate based on information current as of February 4, 2026. The Crucero project is located in Carabaya Province, southeastern Peru, and contains orogenic gold-antimony mineralization within metasedimentary rocks.

The project comprises eight mining concessions covering 4,600 hectares. Exploration has concentrated on the A1 Zone, which extends approximately 750 meters along strike and has been traced to a vertical depth of about 400 meters.

GoldMining plans to file the NI 43-101 technical report within 45 days. The company owns 100% of the project through its subsidiary Blue Rock Mining S.A.C.

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