en.Wedoany.com Reported - Stormlands Mining has utilized artificial intelligence (AI) technology to create an economic model for the Illinois Creek gold project in West Alaska, USA, owned by Alaska Silver, boosting the project's valuation to $448.6 million.

The Ireland-based data analytics firm stated that, in the absence of a formal Preliminary Economic Assessment (PEA), its AI system built a baseline economic model using data from Alaska Silver's NI 43-101 technical report. The AI-generated results increased the project's valuation from $226.2 million in the baseline model to $448.6 million.

Based on the latest commodity pricing as of March 2026, Stormlands' model shows that mine life revenue increased from $1.15 billion to $1.69 billion, and mine life EBITDA rose from $805 million to $1.32 billion. The project's Internal Rate of Return (IRR) increased from 36.8% to 61.4%, while the simulated payback period shortened from 2 years and 7 months to 1 year and 7 months.

Stormlands CEO Róisín O'Connell stated that NI 43-101 provides a solid technical foundation but lacks a project-level economic model. The company constructs scenarios around commodity prices and can easily test assumptions regarding capital expenditures, operating expenditures, ramp-up, remediation, and other data inputs.

This case study is part of Stormlands' efforts to create resources for mining companies to forecast and evaluate economic conditions. The company has conducted similar studies on projects such as Whistler, MPD, and Frotet.