Aya Gold & Silver Advances Boumadine Project with Feasibility Study and Updated PEA — Aya Gold & Silver Inc.

Event summary

Aya Gold & Silver has completed 102,111 meters of infill drilling as part of a 360,000-meter campaign for the Boumadine Project.
The company is preparing to launch a competitive tender process for mining services contracts, expected to be completed in H1-2027.
An updated Preliminary Economic Assessment (PEA) for Boumadine is on track for release in H2-2026.
Metallurgical testwork program led by SGS Canada Inc. is in its final phase, optimizing process parameters and supporting final plant design.

The big picture

Aya Gold & Silver's progress on the Boumadine Project underscores its strategic focus on expanding its resource base in Morocco. The project's district-scale potential and polymetallic mineralization position it as a key asset in Aya's growth pipeline, aligning with broader industry trends of exploring underexplored regions for precious metals. The company's systematic approach to feasibility studies and economic assessments reflects a disciplined strategy aimed at de-risking long-term water supply and power infrastructure challenges.

What we're watching

Project Timelines: Whether Aya can maintain its aggressive timeline for completing the feasibility study by H2-2027 and starting early works by year-end.
Contractor Selection: How the competitive tender process for mining services will impact long-term operating partnerships and project costs.
Market Conditions: The pace at which updated metal prices and concentrate payable assumptions in the PEA reflect current market conditions, particularly strong sulfur demand.