Liberty Gold (LGD) Mining Forum Americas 2026 summary

Project overview and jurisdiction

• Black Pine Project is a large-scale, oxide gold development in southeast Idaho, a tier 1 mining jurisdiction with strong regulatory support and progressive deregulation for mining permits.

• The site is a brownfields restart with a history of gold production, located in dry, arid terrain with minimal environmental impact due to absence of surface water and aquatic species.

Feasibility, economics, and process

• Feasibility study outlines a 16-year mine life, nearly 3 million ounces produced from a 4-million-ounce reserve, and competitive $1,566/oz AISC.

• Project demonstrates strong leverage to gold price, with NPV exceeding $6 billion at $6,000/oz gold and robust economics even at lower prices.

• Simple run-of-mine heap leach process with minimal infrastructure, stable geotechnical conditions, and modest capital requirement of $411 million.

Environmental and operational advantages

• No acid rock drainage, pit lakes, or dewatering required; all mining above water table.

• Water rights secured by repurposing agricultural wells, resulting in no new net water draw from the basin.

• Site has existing power infrastructure and excellent access to major highways and nearby towns.