Hycroft Reports 55% Surge in Mineral Resources: High-Grade Silver and Robust Recoveries Highlight Growth

Resource Expansion Bolsters Hycroft’s Standing Among Leading Precious Metals Deposits

Hycroft Mining Holding Corporation has delivered news that raises the bar for Nevada mining, reporting a remarkable 55% growth in both measured and indicated gold and silver resources. The company, through its just-filed third-party Technical Report, now estimates 16.4 million ounces of gold and 562.6 million ounces of silver in the measured and indicated category. With these numbers, Hycroft cements its status as one of the world’s largest undeveloped precious metals deposits.

High-Grade Silver Discovery Expands Opportunity

A key highlight of the latest report is the identification of a new high-grade silver resource—90.2 million ounces in measured and indicated resources—with substantial underground mining potential. This crucial development follows only 14 months of drilling since the initial high-grade silver zones were discovered. The Brimstone and Vortex systems are credited with this boost, both remaining open along strike and at depth and signaling significant exploration upside.

Robust Metallurgical Recoveries Enhance Project Economics

One of the technical pillars behind Hycroft’s resource growth is strong metallurgical performance. Test work for the mill process indicates gold recoveries up to 83% and silver recoveries at 78%—notably robust for deposits of this scale and composition. The company continues to evaluate alternatives such as roasting, which could enable by-product sulfuric acid sales, adding further economic upside.

Resource Table Shows Substantial Increases Across All Categories

The updated Mineral Resource Estimate, utilizing commodity price assumptions of $3,100 per ounce gold and $36 per ounce silver, reflects significant gains across measured, indicated, and inferred classifications. The table below summarizes the key metrics:

Improved Technical Understanding and Exploration Upside

Recent advances came from a renewed technical approach: analyzing three years of drilling, field mapping, geochemical and geophysical data. This resulted in new geological interpretations, recognizing multiple mineralizing events at both Brimstone and Vortex. Only about 10% of Hycroft’s 64,000+ acre land package has been explored, suggesting further significant resource potential and additional discoveries could be on the horizon.

Takeaway: Hycroft Positioned for Next Phase of Growth

This substantial increase in resources—combined with robust metallurgical recoveries and a larger high-grade silver inventory—positions Hycroft at a strategic inflection point. Ongoing drilling and process optimization, including the evaluation of a roasting circuit for sulfuric acid by-product, may unlock even greater value.

Investors and observers should monitor Hycroft’s next technical milestones and exploration developments, as further discoveries and process breakthroughs could catalyze additional upside.

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