Stormlands lifts Clarence Stream valuation 52.8% in new model

AI desk brief

Stormlands’ updated model for Galway Metals’ Clarence Stream gold-antimony project lifts NPV 52.8% to $676.1 million (C$940.84 million) using a $4,245.22/oz gold price and $31,000/oz antimony. The re-rate pushes life-of-mine revenue to $5.48 billion from $4.23 billion, EBITDA to $4.17 billion from $2.93 billion, and IRR to 44.86% from 31.15%, with payback improving by about a year.

Stormlands says gold accounts for more than 95% of modelled revenue and nearly all of the value uplift, even though the project is marketed as gold-antimony. The note is a sensitivity case rather than a formal PEA, but it underscores how leveraged the project is to gold price assumptions ahead of the ongoing preliminary economic assessment.