Miata Metals Achieves 94.6% Gold Recovery in Sela Creek Tests…

Event summary

Initial metallurgical tests from Jons Trend at Sela Creek show 94.6% average gold recovery, with results ranging from 91.8% to 98.5%.
On-site sample preparation lab at Sela Creek is now operational, reducing sample size by ten-fold and cutting assay costs by approximately $10 per metre drilled.
James Reid, founding director, appointed Executive Chair effective October 1, 2026, with a performance-based equity award of 1,683,331 share units.

The big picture

Miata Metals' high gold recovery rates from conventional processing methods de-risk the Sela Creek project, aligning with industry trends toward cost-effective, scalable gold extraction. The operational efficiencies gained from on-site sample preparation and the strategic leadership shift underscore the company's focus on optimizing its Suriname assets for long-term shareholder value. The appointment of James Reid as Executive Chair signals a strengthened governance structure to navigate the project's next growth phase.

What we're watching

Resource Potential: How further drilling and metallurgical testing will expand understanding of Jons Trend's mineralization and optimize recovery processes.
Cost Efficiency: Whether on-site sample preparation and reduced shipping costs will sustainably lower operational expenses.
Leadership Impact: The strategic influence of James Reid's expanded role as Executive Chair on Miata's capital allocation and long-term value creation.