The Sandman Project
advanced exploration & development gold project in Nevada
with near-term production potential
HIGHLIGHTS
Near-Term Production Potential
2026 PEA indicates ~38k oz per year production over 9-year mine life.
PEA Outlines Low-Strip, Heap-Leach Gold Project with Strong Returns.
Existing Plan of Operations and water monitoring shorten permitting timeline.
Exceptional Economics
2026 PEA shows US $203M 6% NPV with 105% IRR at US $2,600 per oz Au.
Low CapEx and short time to payback:
Initial capital of ~US$36 million and total life-of-mine capital of ~US$57 million
“NI 43-101 Technical Report – Sandman Gold Property, Nevada, USA” (January 5, 2026) by J. Eastman, available on Borealis Mining’s SEDAR+ profile.
The Sandman PEA is preliminary in nature. There is no certainty the economic results outlined will be realized.
Resource Expansion
Nevada Location
LOCATION & PROPERTY
Nevada is #1 on the Fraser Institute’s 2025 Annual Survey of Mining Companies Investment Attractiveness Index
117 km² Land Package: 833 mineral claims across public and private checkerboard lands
Year-Round Access & Infrastructure: State-maintained roads, power from NV Energy, water rights on file
Nevada’s Walker Lane Trend: Situated in one of the world’s richest gold corridors
Sandman Exploration Potential
Significant upside given Sandman’s considerable underexplored nature and massive land package
All deposits open for expansion, with only one feeder currently identified
Gravity image shows significant gold bearing in the Northwest and North-South Trends
Historical exploration focused on “low hanging fruit” topographic highs – significant potential present below alluvial pediment
Sandman Technical Report
The technical report dated February 19, 2026, effective as of January 5, 2026, entitled “NI 43-101 Technical Report – Sandman Gold Property, Nevada, USA” was prepared by Jerod Eastman, President, DJ 6E Consulting LLC1639 Lahontan Ave. Winnemucca, Nevada 89445, USA. Mr. Eastman is a qualified person for purposes of NI 43-101 and is independent of the Company.
About Borealis Mining Company Ltd.
Borealis Mining Company operates in Nevada, the world’s top rated mining jurisdiction as ranked by the Fraser Institute. The company owns and operates the Borealis mine located just outside of the town of Hawthorne, Nevada. The company has an exceptional Board and Management team with proven success in mining exploration and the mining industry.
About The Borealis Project & Mine
The 100% owned Borealis mine is fully equipped for present mine operations and future expansion: access, workforce, power, water and permits. It is an under explored property and has had no exploration since 2008. Borealis is located in one of Nevada’s most productive gold belts, with strong historical drilling results and multiple high-priority targets.
Contact Information
Borealis Mining Company Ltd.
217 Queen St W #401,
Toronto, ON M5V 0R2
Kelly Malcolm
CEO & Director
kmalcolm@borealismining.com
The scientific and technical information on this website has been reviewed and approved by Kelly Malcolm, P.Geo., President & CEO at Borealis Mining Company, a Qualified Person as defined by NI 43-101.
